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A simple general equilibrium model of depression
Bryant, John (1978)
Staff Report , Paper 36

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A price discrimination analysis of monetary policy
Wallace, Neil; Bryant, John (1983)
Monetary policy is analyzed within a model that ignores transaction costs and appeals solely to legal restrictions on private intermediation to explain the coexistence of currency and interest-bearing default-free bonds. The interaction between such legal restrictions and monetary policy is illustrated in versions of overlapping generations models that contain three assets: government-issued currency and bonds and real capital. It is shown that legal restrictions and the use of both currency and bonds permit the government to levy a discriminatory inflation tax and that such a tax may be ...
Staff Report , Paper 51

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Price setting 'perfect competitors'
Bryant, John (1977)
Staff Report , Paper 29

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Open-market operations in a model of regulated, insured intermediaries
Wallace, Neil; Bryant, John (1978)
In ?The Inefficiency of Interest-Bearing National Debt,? (JPE, April 1979) we argued that private sector transaction costs are needed in order to explain interest on government debt. It follows that if the government?s transaction costs do not depend on its portfolio, then, barring special circumstances, an open-market purchase is deflationary and welfare improving. In this paper we show that this result can survive a potentially relevant special circumstance: reserve requirements which limit the size of insured intermediaries.
Staff Report , Paper 34

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Monetary policy in the presence of a stochastic deficit
Wallace, Neil; Bryant, John (1979)
This paper presents a welfare analysis of monetary policy rules that differ as regards the extent to which monetary policy accommodates an exogenous, stochastic deficit. Examples show that a nonaccommodating rule, one involving a higher ratio of bonds to currency the higher the deficit, is not necessarily better than rules that accommodate: either a rule involving a constant ratio of bonds to currency or one involving a lower ratio of bonds to currency the higher the deficit. Moreover, the nonaccommodating rule can imply more variation in the price level than the accommodating rules.
Staff Report , Paper 42

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The impact of welfare work registration rules on labor market data
Bryant, John (1977)
Staff Report , Paper 32

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Approximately complete markets: a generalization of the states of the world model
Bryant, John (1978)
Staff Report , Paper 33

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Transactions demand for money
Bryant, John (1978)
Staff Report , Paper 38

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Demand management: an illustrative example
Bryant, John (1979)
This paper presents a simple coherent general equilibrium example in which optimal provision of a public good implies counter-cyclical government expenditure.
Staff Report , Paper 46

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A comment on \\"implicit contracts and the underemployment equilibrium\\"
Bryant, John (1978)
Staff Report , Paper 35