Lioui, Abraham; Poncet, Patrice - In: Journal of Macroeconomics 34 (2012) 4, pp. 1020-1033
We solve for the equilibrium of a stochastic neo-classical continuous time model without and with money under model ambiguity. We show that: (i) the correction for ambiguity stemming from the money supply is nil at equilibrium; (ii) money is neutral with respect to the stock market equilibrium...