Multiple equilibria in two-sector monetary economies: an interplay between preferences and the timing for money

DOI10.1016/J.JMATECO.2010.05.006zbMATH Open1232.91522OpenAlexW2100550296MaRDI QIDQ617607FDOQ617607

Authors: Stefano Bosi, Kazuo Nishimura, Alain Venditti 

Publication date: 21 January 2011

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/2433/134568

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zbMATH Keywords

indeterminacysunspot equilibriamoney-in-the-utility-function

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Multisectoral models in economics (91B66)

Cites Work

• Competitive equilibrium cycles
• On the minimum degree of returns to scale in sunspot models of the business cycle.
• Indeterminacy and sunspots with constant returns
• Monetary policy and price level determinacy in a cash-in-advance economy
• Money and Interest in a Cash-in-Advance Economy
• Self-fulfilling prophecies
• Chaotic dynamics in a cash-in-advance economy
• Money and Growth: The Case of Long Run Perfect Foresight
• Stability of Equilibrium in Dynamic Models of Capital Theory
• On the Role of Money and the Existence of a Monetary Equilibrium
• Ramsey equilibrium in a two-sector model with heterogeneous households
• Competitive equilibrium cycles with endogenous labor
• Local determinacy with non-separable utility

Cited In (5)

• Non-neutral responses to money supply shocks when consumption and leisure are Pareto substitutes
• Deficit, monetization, and economic growth: a case for multiplicity and indeterminacy
• ON THE TIMING OF PRODUCTION DECISIONS IN MONETARY ECONOMIES
• On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
• Fifty years of mathematical growth theory: classical topics and new trends

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