Multiplicity of monetary steady states

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 127
Issue: C
Pages: 93-96

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

We investigate a monetary model in which the centralized market opens once, but the decentralized markets open twice in each period. We show that there may be multiple stationary equilibria.

Technical Details

RePEc Handle
repec:eee:ecolet:v:127:y:2015:i:c:p:93-96
Journal Field
General
Author Count
2
Added to Database
2026-01-25