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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.

Suggested Citation

  • Sterken, Elmer, 2003. "Monetary transmission, asset prices, and the business cycle indicator in Germany," CCSO Working Papers 200315, University of Groningen, CCSO Centre for Economic Research.
    • Handle: RePEc:gro:rugccs:200315
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