Bloise, Gaetano (contributor); … - 2002 - [Elektronische Ressource]
infinite number of dates. Uncertainty is described, following the canonical
model of Debreu [8], by an event tree.
Policies are …-
in-advance economies studied in Wilson [32] and Lucas and Stokey [26].3 All
differences among these previous studies … authority sets the one-period, risk-free nominal rates of interest at
every date-event and it accommodates the demand for …