Options and sunspots in a simple monetary economy

DOI10.1007/S001990050189MaRDI QIDQ1376956zbMATH OpenOpenAlexFDO

Authors Gaetano Antinolfi, Todd Keister

Publication date 1 February 1998

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s001990050189

zbMATH Keywords

option contractsdynamic monetary economystrong sunspot immunity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cited in

(5)

• Price level volatility: A simple model of money taxes and sunspots
• Introduction to sunspots and lotteries
• On trees and logs
• A characterization of robust sunspot equilibria
• Price-level volatility and welfare in incomplete markets with sunspots

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