Michael Choi, UC Irvine - April 25, 2019
April 25, 2019
Michael Choi, UC Irvine will present a seminar at 4:00 PM in Arts 807
Seminar Title: Money Mining and Price Dynamics (Joint with Guillaume Rocheteau)
We develop a random-matching model to study the price dynamics of monies produced privately according to a time-consuming mining technology. There exists a unique equilibrium where the value of money reaches a steady state but a continuum of perfect-foresight equilibria indexed by the starting value of the currency where the price of money inflates and bursts. In the aftermath of its introduction, private money is held for a speculative motive and it acquires a transactional role when it becomes sufficiently abundant. We study divisible, indivisible, flat and commodity monies, and adopt implementation and equilibrium approaches.
Economics student recognized at Washington conference
Posted on 2020-02-26
Dolapo Fadare is the inaugural recipient of the Award for Excellence in Undergraduate Studies from The Sadie Collective
USask alumna named Consul General of Canada
Posted on 2019-11-25
Rachel McCormick (BA’97), who is now based in Dallas, Texas, previously served as head of the Energy and Environment Section at the Canadian Embassy in Washington, D.C., from 2014 – 2019
J.M. Boving Lecture | December 5 2019 | The Two Faces of Populism: Politics or Economics?
Posted on 2019-11-20
The Two Faces of Populism: Politics or Economics? Presented by Professor Barry Eichengreen, University of California Berkeley, at 5:00pm Arts 241.
Lanny Zrill, HEC Montreal - October 28, 2019
Posted on 2019-10-21
Lanny Zrill, HEC Montreal will present a seminar at 4:00pm in Arts 807