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

[31] R&D AND ECONOMIC GROWTH IN A CASH-IN-ADVANCE ECONOMY
Chu, Angus C.
Cozzi, Guido
[J]. INTERNATIONAL ECONOMIC REVIEW, 2014, 55 (02) : 507 - 524
[32] Monetary expansion and productive public expenditure in a cash-in-advance economy
Murota, Ryu-ichiro
[J]. JAPANESE ECONOMIC REVIEW, 2007, 58 (02) : 255 - 272
[33] A note on income velocity of money in a cash-in-advance economy with capital
Hromcova, J
[J]. ECONOMICS LETTERS, 1998, 60 (01) : 91 - 96
[34] THE WELFARE COST OF INFLATION IN A CASH-IN-ADVANCE ECONOMY WITH COSTLY CREDIT
GILLMAN, M
[J]. JOURNAL OF MONETARY ECONOMICS, 1993, 31 (01) : 97 - 115
[35] Urban unemployment and optimal trade policy in a cash-in-advance economy
Chi-Chur Chao
Chong K. Yip
[J]. Journal of Economics, 2000, 71 : 59 - 77
[36] Monetary equilibria in a cash-in-advance economy with incomplete financial markets
Bai, Jinhui H.
Schwarz, Ingolf
[J]. JOURNAL OF MATHEMATICAL ECONOMICS, 2006, 42 (4-5) : 422 - 451
[37] Inflation and capital accumulation in a two-sector cash-in-advance economy
Huo, TM
[J]. JOURNAL OF MACROECONOMICS, 1997, 19 (01) : 103 - 115
[38] Non-robustness of the cash-in-advance equilibrium in the trading post model
Krishna, R. Vijay
[J]. ECONOMICS BULLETIN, 2005, 5
[39] Money and Crime in a Cash-In-Advance Model
Choi, Hyung Sun
[J]. SOUTHERN ECONOMIC JOURNAL, 2011, 77 (03) : 652 - 673
[40] TRADING UNCERTAINTY AND THE CASH-IN-ADVANCE CONSTRAINT
EDEN, B
[J]. JOURNAL OF MONETARY ECONOMICS, 1986, 18 (03) : 285 - 293

← 1 2 3 4 5 →