A note on the existence of a monetary equilibrium over an infinite horizon
This note considers an economy with ‘inside money’ that extends over an infinite horizon in the case of certainty. It shows the existence of an equilibrium and the indeterminacy of the overall price level when the supply of balances is set exogenously. Copyright Springer-Verlag Berlin/Heidelberg 2006
Volume (Year): 27 (2006)
Issue (Month): 1 (01)
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