Showing 171 - 180 of 715
This paper investigates the effects of money growth on nonconvergent dynamic paths in a money-in-utility model. When relative risk aversion is decreasing in money, period-two cycle and sunspot equilibria are always associated with a high rate of money supply growth. However, when relative risk...
Persistent link: https://www.econbiz.de/10005384707
Persistent link: https://www.econbiz.de/10005202093
Persistent link: https://www.econbiz.de/10005205047
Persistent link: https://www.econbiz.de/10005205343
Persistent link: https://www.econbiz.de/10005205348
Persistent link: https://www.econbiz.de/10005205869
Persistent link: https://www.econbiz.de/10005145451
Persistent link: https://www.econbiz.de/10007309587
Persistent link: https://www.econbiz.de/10007388697
Persistent link: https://www.econbiz.de/10007388701