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BEGIN:VEVENT
UID:a1d11fe53c67929d7e579b35c5f74f3e
CATEGORIES:Seminars
CREATED:20150210T193032
SUMMARY:Lunch Seminar: Neil Wallace - Pennsylvania State University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Optimal Money Creation in a Random Matching Model: Some Planned Numerical R
 esults\nAbstract:\nWe describe plans for computing optimal steady states in
  a version of the Shi (1995) and Trejos-Wright (1995) random matching model
  with a large finite set of money holdings, [0; 1;…;B]. The optima are over
  how the gains from trade are divided between buyers and sellers based on t
 heir money holdings and over parameters of the class of money transfer sche
 mes described in Wallace (2013); namely, transfers of the form max[0; 0 + 1
 m], where m is the post- trade money held by a person and 1 > 0. The conjec
 ture to be explored is that the nature of optimal policy, even its directio
 n in the sense of the sign of 0, is parameter dependent. Unfortunately, the
 re are as yet no results.\n
DTSTAMP:20260405T192420Z
DTSTART:20140925T130000Z
DTEND:20140925T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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