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

被引:0
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作者
Gaetano Bloise
机构
[1] 12 Via Andrea Cesalpino,Dipartimento di Scienze Economiche
来源
Economic Theory | 2006年 / 27卷
关键词
Money; Equilibrium; Indeterminacy.;
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暂无
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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:18
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