Stoltenberg, Christian - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
classiflcation: E32, E41, E52.
Keywords: Real balance efiects, predetermined money, price level determination, real
determinacy …, such that a perfect foresight equilibrium
is uniquely determined (real determinacy). Notably, the unique determination of … the paper is organized as follows. Section 2 develops the model.
Section 3 analyzes nominal and real determinacy under …