Real Determinacy with Nominal Assets

We build a finite horizon model with inside and outside money, in which interest rates, price levels and commodity allocations are determinate, even though asset markets are incomplete and asset deliveries are purely nominal.

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Year of publication:	2003-06
Authors:	Dubey, Pradeep ; Geanakoplos, John
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Central bank \| Inside money \| Outside money \| Incomplete assets \| Monetary equilibrium \| Real determinacy

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	CFP 1999. Published in Economic Theory (2006), 27(1): 79-106 The price is None Number 1427R 29 pages
Classification:	D50 - General Equilibrium and Disequilibrium. General ; E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005762591