Multiplicity of monetary steady states

DOI10.1016/J.ECONLET.2014.12.036MaRDI QIDQ498843zbMATH OpenOpenAlexFDO

Authors Ryoji Hiraguchi, Keiichiro Kobayashi

Publication date 29 September 2015

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://cigs.canon/article/uploads/pdf/workingpapers/141008_hiraguchi.pdf

zbMATH Keywords

bargainingmultiple equilibriasearch

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A uniqueness proof for monetary steady state
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.

Cited in

(3)

• A uniqueness proof for monetary steady state
• Multiple equilibria in a simple asset pricing model
• Multiplicity in New Keynesian models

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