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Monetary Policy with Incomplete Markets
Gourdel
;
Triki
-
EconWPA
-
2005
extended model, and prove that there exists a
monetary
equilibrium
with no transfers. Moreover, we show that if the price level … is high enough, a
monetary
equilibrium
with positive transfers exists. …
Persistent link: https://www.econbiz.de/10005413123
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