Adam, Klaus; Evans, George W.; Honkapohja, Seppo - Center for Financial Studies - 2004
: C62, D83, D84, E31
Keywords: Indeterminacy, inflation, stability of equilibria, seigniorage
1Introduction
The … properties since an increase in seigniorage leads to lower steady state
inflation. Second, recent studies of stability under … expectations
equilibria (REE) in such “mixed dating models” have not been examined for
stability under learning. In this paper we …