A note on the existence of a monetary equilibrium over an infinite horizon

被引:4
|
作者
Bloise, G [1 ]
机构
[1] Dipartimento Sci Econ, I-00161 Rome, Italy
关键词
money; equilibrium; indeterminacy;
D O I
10.1007/s00199-004-0557-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
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页码:59 / 77
页数:19
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