Money and Liquidity

Description

The goal of this project is to develop a general equilibrium model with liquid and illiquid assets. This can help to answer important questions in macro and monetary economics: How are terms of trade determined? Should agents use credit or money in transactions? How can debt repayment be enforced? Why do assets with different liquidity coexist?

This opportunity will remain open until a suitable candidate has been found.

To apply please click here