CaganandLucasModels.pptVIP

Cagan and Lucas Models Presented by Carolina Silva 01/27/2005 Introduction I. Cagan Model of Money and Prices Cagan Model Solving the Model Solving the Model Simple Cases Simple Cases The Stochastic Cagan Model The Cagan Model in Continuous Time Seignorage Seignorage Seignorage A Simple Monetary Model of Exchange Rates A Simple Monetary Model of Exchange Rates A Simple Monetary Model of Exchange Rates Monetary Policy to Fix the Exchange Rate Some observations II. Lucas Model A. The Barter Economy The Barter Economy The Barter Economy The Barter Economy The Barter Economy The Barter Economy