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Trejos-Wright with a 2-unit bound : existence and stability of monetary steady states
Huang, Pidong; Igarashi, Yoske - 2013
Persistent link: https://www.econbiz.de/10010343744
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Why ten $1's are not treated as a $10
Huang, Pidong; Igarashi, Yoske - 2013
Persistent link: https://www.econbiz.de/10010343747
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The instability of some non-full-support steady states in a random matching model of money
Huang, Pidong; Igarashi, Yoske - In: Journal of mathematical economics 55 (2014), pp. 177-185
Persistent link: https://www.econbiz.de/10011297771
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Robustness of stability to cost of carrying money in a matching model of money
Huang, Pidong - In: Annals of economics and finance 16 (2015) 1, pp. 95-114
Persistent link: https://www.econbiz.de/10011317777
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A Stability Analysis of a Multiple Denomination Equilibrium
Huang, Pidong - 2015
Huang, and Igarashi (2014), which show instability of nonfull-support steady states in Lee et al (2005) …
Persistent link: https://www.econbiz.de/10013011042
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A stability analysis of a multiple denomination equilibrium
Huang, Pidong - In: Seoul journal of economics 28 (2015) 4, pp. 389-414
Persistent link: https://www.econbiz.de/10011446722
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Chapter 7 Learning dynamics
Evans, George W.; Honkapohja, Seppo - In: Handbook of macroeconomics : volume 1, part A, (pp. 449-542). 1999
approximation based on an associated differential equation. Global stability, local stability and instability results for SRAs are …
Persistent link: https://www.econbiz.de/10014024243
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Financial system fragility models
Iancu, Aurel - 2011
characteristic of the three generations of models; 2. Models based on financial instability hypothesis, taking into account both the …'s concept of financial instability and then analyse the content of some simplified models. …
Persistent link: https://www.econbiz.de/10010529077
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Monetizing Trade : A Tatonnement Example
Starr, Ross M. - 1999
This paper presents a class of examples where a barter economy develops through agents' optimizing decisions into a monetary economy. A barter economy with m commodities is characterized by m(m-1)/2 commodity pair trading posts for active trade of each good for every other. Monetary equilibrium...
Persistent link: https://www.econbiz.de/10014204739
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General Equilibrium in a Segmented Market Economy with Convex Transaction Cost : Existence, Efficiency, Commodity and Fiat Money
Starr, Ross M. - 2003
This study derives the monetary structure of transactions, the use of commodity or fiat money, endogenously from transaction costs in a segmented market general equilibrium model. Market segmentation means there are separate budget constraints for each transaction: Budgets balance in each...
Persistent link: https://www.econbiz.de/10014115482