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

DOI10.1016/J.JMATECO.2010.05.006MaRDI QIDQ617607zbMATH OpenOpenAlexFDO

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

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)

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Cites work

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

Cited in

(5)

• On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
• 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
• Fifty years of mathematical growth theory: classical topics and new trends

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