Non-connectedness of the set of equilibrum money prices: The overlapping- generations economy
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Publication:1092788
DOI10.1016/0022-0531(87)90066-4zbMath0627.90021OpenAlexW2062273632MaRDI QIDQ1092788
Publication date: 1987
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(87)90066-4
equilibrium money pricesinfinite-horizon balanced economynominal taxes and transfersoverlapping-generations economy
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The connectedness of the set of equilibrium money prices depends on the choice of the numeraire, Non-connectedness of the set of equilibrium money prices: The static economy, Arc-connectedness of the set of efficient allocations in overlapping- generations economies
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