A Hypothesis on Dynamic Equilibria in Matching Models with Divisible Money A hypothesis on dynamic equilibria in matching models with divisible money
Access this Article
Search this Article
This paper has the purpose of presenting the hypothesis that indeterminacy of dynamic equilibria is an almost generic property of the matching models with divisible money which stems from the combination of two basic features of the models: the neutrality of money built into the components of the models and the law of monetary mass conservation.
- The Journal of economic studies
The Journal of economic studies 53(2), 55-65, 2007-09
Osaka Prefecture University