A Note on the Core of a Monetary Economy

This note shows that there are monetary equilibria in the model of overlapping generations that are in the core. Some equilibria have positive stocks of outside money in every generation. These equilibria are thus self-enforcing, and introducing money into an economy need not be tantamount to contriving a new social institution designed to enforce sequential contracts

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Year of publication:	1997
Authors:	Fisher, Eric O'Neill
Publisher:	[S.l.] : SSRN
Subject:	Core \| Geldtheorie \| Monetary theory \| Overlapping Generations \| Overlapping generations
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: JOURNAL OF ECONOMIC THEORY, June 1997 Volltext nicht verfügbar
Classification:	D50 - General Equilibrium and Disequilibrium. General ; E40 - Money and Interest Rates. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014060754