Search Results - subject:"real determinacy"

Real balance effects, timing and equilibrium determination

Stoltenberg, Christian - 2006

This paper examines whether the existence and the timing of real balance effects contribute to the determination of the absolute price level, as suggested by Patinkin (1949,1965), and if they affect conditions for local equilibrium uniqueness and stability. I show that there exists a unique...

Persistent link: https://www.econbiz.de/10010263658

Real Balance Effects, Timing and Equilibrium Determination

Stoltenberg, Christian - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006

classiflcation: E32, E41, E52. Keywords: Real balance efiects, predetermined money, price level determination, real determinacy …, such that a perfect foresight equilibrium is uniquely determined (real determinacy). Notably, the unique determination of … the paper is organized as follows. Section 2 develops the model. Section 3 analyzes nominal and real determinacy under …

Persistent link: https://www.econbiz.de/10005678033

Money demand and macroeconomic stability revisited

Schabert, Andreas; Stoltenberg, Christian - 2005

This paper examines how money demand induced real balance effects contribute to the determination of the price level, as suggested by Patinkin (1949,1965), and if they affect conditions for local equilibrium uniqueness and stability. There exists a unique price level sequence that is consistent...

Persistent link: https://www.econbiz.de/10011604504

Money Demand and Macroeconomic Stability Revisited

Schabert, Andreas; Stoltenberg, Christian - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2005

Persistent link: https://www.econbiz.de/10005677977

Money demand and macroeconomic stability revisited

Schabert, Andreas; Stoltenberg, Christian - European Central Bank - 2005

Persistent link: https://www.econbiz.de/10005162880

Real Determinacy with Nominal Assets

Dubey, Pradeep; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2003

We build a finite horizon model with inside and outside money, in which interest rates, price levels and commodity allocations are determinate, even though asset markets are incomplete and asset deliveries are purely nominal.

Persistent link: https://www.econbiz.de/10005762591

Real Determinacy with Nominal Assets

Dubey, Pradeep; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2003

Persistent link: https://www.econbiz.de/10005762762