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Monetary transmission, asset prices, and the business cycle indicator in Germany

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  • Sterken, Elmer

    (Groningen University)

Abstract

In this paper I derive a complete characterization for the equilibria that may arise in a binary choice interaction model with a ?nite number of interacting agents. In particular, the correspondence between the interaction strength, the number of agents and the set of equilibria is derived.

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File URL: http://irs.ub.rug.nl/ppn/258657987
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Bibliographic Info

Paper provided by University of Groningen, CCSO Centre for Economic Research in its series CCSO Working Papers with number 200315.

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Date of creation: 2003
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Handle: RePEc:dgr:rugccs:200315

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