Bosi, Stefano; Nishimura, Kazuo; Venditti, Alain - In: Journal of Mathematical Economics 46 (2010) 6, pp. 997-1014
In this paper, we study the occurrence of local indeterminacy in two-sector monetary economies. We consider a general MIUF model with two alternative timings in monetary payments: the Cash-In-Advance timing, in which the cash available to buy goods is money in the consumers' hands after they...