Showing 1 - 10 of 38
Persistent link: https://www.econbiz.de/10003946979
Persistent link: https://www.econbiz.de/10000950085
Persistent link: https://www.econbiz.de/10001338241
Persistent link: https://www.econbiz.de/10001705526
Persistent link: https://www.econbiz.de/10001680468
Persistent link: https://www.econbiz.de/10009509044
Persistent link: https://www.econbiz.de/10003512159
This paper considers four models in which immortal agents face idiosyncratic shocks and trade only a single risk-free asset over time. The four models specify this single asset to be private bonds, public bonds, public money, or private money respectively. I prove that, given an equilibrium in...
Persistent link: https://www.econbiz.de/10012770986
Persistent link: https://www.econbiz.de/10000866980
Persistent link: https://www.econbiz.de/10000837014