{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,7,10]],"date-time":"2026-07-10T17:21:56Z","timestamp":1783704116168,"version":"3.55.0"},"reference-count":10,"publisher":"Elsevier BV","issue":"2","license":[{"start":{"date-parts":[[2003,2,1]],"date-time":"2003-02-01T00:00:00Z","timestamp":1044057600000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/tdm\/userlicense\/1.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Journal of Economic Theory"],"published-print":{"date-parts":[[2003,2]]},"DOI":"10.1016\/s0022-0531(03)00029-2","type":"journal-article","created":{"date-parts":[[2003,4,25]],"date-time":"2003-04-25T02:16:19Z","timestamp":1051236979000},"page":"179-193","source":"Crossref","is-referenced-by-count":86,"title":["Societal benefits of illiquid bonds"],"prefix":"10.1016","volume":"108","author":[{"given":"Narayana R.","family":"Kocherlakota","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","reference":[{"key":"10.1016\/S0022-0531(03)00029-2_BIB1","doi-asserted-by":"crossref","first-page":"397","DOI":"10.1016\/0304-3932(96)01260-3","article-title":"Coexistence of money and interest-bearing securities","volume":"37","author":"Aiyagari","year":"1996","journal-title":"J. Monetary Econom."},{"key":"10.1016\/S0022-0531(03)00029-2_BIB2","unstructured":"D. Corbae, J. Ritter, Money and search with enduring relationships, Working paper, University of Pittsburgh, 1998."},{"key":"10.1016\/S0022-0531(03)00029-2_BIB3","first-page":"191","article-title":"Money and storage in a differential information economy","volume":"8","author":"Huggett","year":"1996","journal-title":"Econom. Theory"},{"key":"10.1016\/S0022-0531(03)00029-2_BIB4","first-page":"42","article-title":"The equity premium","volume":"34","author":"Kocherlakota","year":"1996","journal-title":"J. Econom. Literature"},{"key":"10.1016\/S0022-0531(03)00029-2_BIB5","doi-asserted-by":"crossref","first-page":"232","DOI":"10.1006\/jeth.1997.2357","article-title":"Money is memory","volume":"81","author":"Kocherlakota","year":"1998","journal-title":"J. Econom. Theory"},{"key":"10.1016\/S0022-0531(03)00029-2_BIB6","doi-asserted-by":"crossref","first-page":"272","DOI":"10.1006\/jeth.1998.2396","article-title":"Incomplete recordkeeping and optimal payment arrangements","volume":"81","author":"Kocherlakota","year":"1998","journal-title":"J. Econom. Theory"},{"key":"10.1016\/S0022-0531(03)00029-2_BIB7","doi-asserted-by":"crossref","first-page":"148","DOI":"10.1016\/0022-0531(91)90110-P","article-title":"Asset trading mechanisms and inflationary policy","volume":"54","author":"Levine","year":"1991","journal-title":"J. Econom. Theory"},{"key":"10.1016\/S0022-0531(03)00029-2_BIB8","doi-asserted-by":"crossref","first-page":"1323","DOI":"10.1086\/261656","article-title":"Currency and credit in a private-information economy","volume":"97","author":"Townsend","year":"1989","journal-title":"J. Political Econom."},{"key":"10.1016\/S0022-0531(03)00029-2_BIB9","doi-asserted-by":"crossref","first-page":"385","DOI":"10.1016\/0047-2727(88)90039-4","article-title":"Price-discriminating monetary policy","volume":"35","author":"Villamil","year":"1988","journal-title":"J. Public Econom."},{"issue":"2","key":"10.1016\/S0022-0531(03)00029-2_BIB10","first-page":"382","article-title":"Public debt as private liquidity","volume":"80","author":"Woodford","year":"1990","journal-title":"Amer. Econom. Rev."}],"container-title":["Journal of Economic Theory"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0022053103000292?httpAccept=text\/xml","content-type":"text\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0022053103000292?httpAccept=text\/plain","content-type":"text\/plain","content-version":"vor","intended-application":"text-mining"}],"deposited":{"date-parts":[[2019,3,24]],"date-time":"2019-03-24T05:25:29Z","timestamp":1553405129000},"score":1,"resource":{"primary":{"URL":"https:\/\/linkinghub.elsevier.com\/retrieve\/pii\/S0022053103000292"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2003,2]]},"references-count":10,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2003,2]]}},"alternative-id":["S0022053103000292"],"URL":"https:\/\/doi.org\/10.1016\/s0022-0531(03)00029-2","relation":{},"ISSN":["0022-0531"],"issn-type":[{"value":"0022-0531","type":"print"}],"subject":[],"published":{"date-parts":[[2003,2]]}}}