BLOISE, Gaetano; DRÈZE, Jacques; POLEMARCHAKIS, Heracles - Center for Operations Research and Econometrics (CORE), … - 2002
Money provides liquidity services through a cash-in-advance constraint. The exchange of commodities and assets extends over an infinite horizon under uncertainty and complete asset market. Monetary policy sets the path of rates of interest and accommodates the demand for balances. Competitive...