On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
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Publication:848627
DOI10.1016/J.JET.2009.03.006zbMATH Open1202.91169OpenAlexW1997963372MaRDI QIDQ848627FDOQ848627
Authors: Kasie Jean, Stanislav Rabinovich, Randall Wright
Publication date: 4 March 2010
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2009.03.006
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Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic equilibria (91B52)
Cites Work
- Money is memory
- A rudimentary random-matching model with divisible money and prices
- Indivisibilities, lotteries, and monetary exchange
- Money and prices: A model of search and bargaining
- Equilibrium Price Dispersion
- A Divisible Search Model of Fiat Money
- Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
- Directed Matching and Monetary Exchange
- A uniqueness proof for monetary steady state
- General equilibrium with nonconvexities and money
- Dynamic Monetary Equilibrium in a Random Matching Economy
- Does commodity money eliminate the indeterminacy of equilibrium?
- Real indeterminacy of stationary equilibria in matching models with divisible money
- Existence of equilibria in matching models of money: a new technique
Cited In (8)
- Revisiting multiplicity of bubble equilibria in a search model with posted prices
- Trejos-Wright with a 2-unit bound: existence and stability of monetary steady states
- Self-confirming price dispersion in monetary economies
- ON THE TIMING OF PRODUCTION DECISIONS IN MONETARY ECONOMIES
- Equilibrium using credit or money with indivisible goods
- ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
- Money and price posting under private information
- Multiplicity of monetary steady states
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