STATIONARY SUNSPOT EQUILIBRIUM IN A CASH-IN-ADVANCE ECONOMY

被引：1

作者：

HUO, TM

机构：

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1995年 / 19卷 / 04期

关键词：

MONEY; SUNSPOTS; CASH-IN-ADVANCE;

D O I：

10.1016/0165-1889(94)00806-S

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we demonstrate the existence and uniqueness of a class of stationary sunspot equilibria in the cash-in-advance economy of Lucas and Stokey. Sunspots affect not only the price of money but prices of productive assets. Assets' prices may fluctuate forever below their market fundamentals.

引用

页码：831 / 843

页数：13

共 50 条

[1] Stable sunspot equilibria in a cash-in-advance economy
Evans, George W.
Honkapohja, Seppo M. S.
Marimon, Ramon
[J]. B E JOURNAL OF MACROECONOMICS, 2007, 7 (01):
[2] Bertrand-Edgeworth equilibrium in a cash-in-advance economy
Basçi, E
Saglam, I
[J]. OXFORD ECONOMIC PAPERS-NEW SERIES, 2003, 55 (04): : 679 - 695
[3] Financial dualism, in a cash-in-advance economy
Daniel, BC
Kim, HB
[J]. JOURNAL OF MACROECONOMICS, 1996, 18 (02) : 213 - 234
[4] Chaotic dynamics in a cash-in-advance economy
Michener, R
Ravikumar, B
[J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 1998, 22 (07): : 1117 - 1137
[5] MONEY AND INTEREST IN A CASH-IN-ADVANCE ECONOMY
LUCAS, RE
STOKEY, NL
[J]. ECONOMETRICA, 1987, 55 (03) : 491 - &
[6] MONEY AND BANKING IN A CASH-IN-ADVANCE ECONOMY
ENGLUND, P
SVENSSON, LEO
[J]. INTERNATIONAL ECONOMIC REVIEW, 1988, 29 (04) : 681 - 705
[7] MONEY AND INTEREST IN A CASH-IN-ADVANCE ECONOMY - A REPLY
LUCAS, RE
STOKEY, NL
[J]. ECONOMETRICA, 1992, 60 (02) : 441 - 442
[8] ASSET RETURNS AND INFLATION IN A CASH-IN-ADVANCE ECONOMY
NAKIBULLAH, A
[J]. JOURNAL OF MACROECONOMICS, 1992, 14 (01) : 155 - 164
[9] Trade and Tax Reforms in a Cash-in-Advance Economy
Palivos, Theodore
Tsakiris, Nikos
[J]. SOUTHERN ECONOMIC JOURNAL, 2011, 77 (04) : 1014 - 1032
[10] MONEY AND INTEREST IN A CASH-IN-ADVANCE ECONOMY - A CORRIGENDUM
HUO, TM
[J]. ECONOMETRICA, 1992, 60 (02) : 435 - 439

← 1 2 3 4 5 →