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Persistent link: https://www.econbiz.de/10010197419
The paper adresses the problem of a monetary economy with costs of information, imposed in linear form. In particular, we make use of a strategic market game with money where equilibria are standardly non-Walrasian, permitting an active role to monetary policy. The imposition of information...
Persistent link: https://www.econbiz.de/10010863127