Stationary monetary equilibria with strictly increasing value functions and non-discrete money holdings distributions: An indeterminacy result

A-Tier
Journal: Journal of Economic Theory
Year: 2011
Volume: 146
Issue: 5
Pages: 2140-2150

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, we present a search model with divisible money in which there exists a continuum of monetary equilibria with strictly increasing continuous value functions and with non-discrete money holdings distributions.

Technical Details

RePEc Handle
repec:eee:jetheo:v:146:y:2011:i:5:p:2140-2150
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25