Determinacy with nominal assets and outside money

被引：21

作者：

Dubey, P

Geanakoplos, J ^{[1
]}

机构：

[1] SUNY Stony Brook, Dept Econ, Stony Brook, NY 11794 USA

[2] Yale Univ, Cowles Fdn Res Econ, New Haven, CT 06520 USA

来源：

ECONOMIC THEORY | 2006年 / 27卷 / 01期

关键词：

central bank; inside money; outside money; incomplete assets; monetary equilibrium; determinacy;

D O I：

10.1007/s00199-004-0591-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We build a finite horizon model with inside and outside money, in which interest rates, price levels and commodity allocations are determinate, even though asset markets are incomplete and asset deliveries are purely nominal.

引用

页码：79 / 106

页数：28

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