Real Indeterminacy of Stationary Equilibria in Matching Models with Media of Exchange
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Kehoe, Timothy J & Levine, David K, 1985.
"Comparative Statics and Perfect Foresight in Infinite Horizon Economies,"
Econometrica, Econometric Society, vol. 53(2), pages 433-453, March.
- Timothy J. Kehoe & David K. Levine, 1982. "Comparitive Statics and Perfect Foresight in Infinite Horizon Economies," UCLA Economics Working Papers 259, UCLA Department of Economics.
- Timothy J Kehoe & David K Levine, 1985. "Comparative Statics and Perfect Foresight in Infinite Horizon Economies," Levine's Working Paper Archive 1873, David K. Levine.
- T. J. Kehoe & D. K. Levine, 1982. "Comparative Statics and Perfect Foresight in Infinite Horizon Economies," Working papers 312, Massachusetts Institute of Technology (MIT), Department of Economics.
- Gale, David, 1973. "Pure exchange equilibrium of dynamic economic models," Journal of Economic Theory, Elsevier, vol. 6(1), pages 12-36, February.
- Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
- Green, Edward J. & Zhou, Ruilin, 1998.
"A Rudimentary Random-Matching Model with Divisible Money and Prices,"
Journal of Economic Theory, Elsevier, vol. 81(2), pages 252-271, August.
- Edward J. Green & Ruilin Zhou, 1996. "A Rudimentary Random-Matching Model with Divisible Money and Prices," GE, Growth, Math methods 9606001, University Library of Munich, Germany, revised 23 Dec 1996.
- Camera, Gabriele & Corbae, Dean, 1999.
"Money and Price Dispersion,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 985-1008, November.
- Camera, G. & Corbae, D., 1998. "Money and Price Dispersion," Working Papers 98-03, University of Iowa, Department of Economics.
- Zhou, Ruilin, 1999.
"Individual and Aggregate Real Balances in a Random-Matching Model,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 1009-1038, November.
- Ruilin Zhou, 1996. "Individual and aggregate real balances in a random matching model," Staff Report 222, Federal Reserve Bank of Minneapolis.
- Ruilin Zhou, 1996. "Individual and Aggregate Real Balances in a Random Matching Model," GE, Growth, Math methods 9612001, University Library of Munich, Germany, revised 23 Dec 1996.
- Kazuya Kamiya & Noritsugu Morishita & Takashi Shimizu, 2005.
"On the existence of single‐price equilibria in a matching model with divisible money and production cost,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(3), pages 219-231, September.
- Kazuya Kamiya & Noritsugu Morishita & Takashi Shimizu, 2004. "On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost," CIRJE F-Series CIRJE-F-283, CIRJE, Faculty of Economics, University of Tokyo.
- Herings, P.J.J. & Talman, A.J.J. & Zang, Z., 1994.
"The computation of a continuum of constrained equilibria,"
Other publications TiSEM
a581166f-d9d3-489a-b48e-a, Tilburg University, School of Economics and Management.
- Herings, P.J.J. & Talman, A.J.J. & Yang, Z.F., 1996. "The computation of a continuum of constrained equilibria," Other publications TiSEM ba4c6d83-befb-4a25-8477-c, Tilburg University, School of Economics and Management.
- Herings, P.J.J. & Talman, A.J.J. & Zang, Z., 1994. "The computation of a continuum of constrained equilibria," Discussion Paper 1994-38, Tilburg University, Center for Economic Research.
- Shi Shougong, 1995.
"Money and Prices: A Model of Search and Bargaining,"
Journal of Economic Theory, Elsevier, vol. 67(2), pages 467-496, December.
- Shouyong Shi, 1995. "Money and Prices: A Model of Search and Bargaining," Working Paper 916, Economics Department, Queen's University.
- Zhou, Ruilin, 2003.
"Does commodity money eliminate the indeterminacy of equilibrium?,"
Journal of Economic Theory, Elsevier, vol. 110(1), pages 176-190, May.
- Ruilin Zhou, 1999. "Does commodity money eliminate the indeterminacy of equilibria?," Working Paper Series WP-99-15, Federal Reserve Bank of Chicago.
- Laan, Gerard van der, 1982.
"Simplicial approximation of unemployment equilibria,"
Journal of Mathematical Economics, Elsevier, vol. 9(1-2), pages 83-97, January.
- van der LAAN, Gerard, 1982. "Simplicial approximation of unemployment equilibria," LIDAM Reprints CORE 467, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Edward J. Green & Ruilin Zhou, 2002.
"Dynamic Monetary Equilibrium in a Random Matching Economy,"
Econometrica, Econometric Society, vol. 70(3), pages 929-969, May.
- Edward J. Green & Ruilin Zhou, 2000. "Dynamic monetary equilibrium in a random-matching economy," Working Paper Series WP-00-1, Federal Reserve Bank of Chicago.
- Kazuya Kamiya & Noritsugu Morishita & Takashi Shimizu, 2004. "On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost ("International Journal of Economic Theory" Volume 1, Issue 3, September 2005, Pages:," CARF F-Series CARF-F-008, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Shouyong Shi, 1997.
"A Divisible Search Model of Fiat Money,"
Econometrica, Econometric Society, vol. 65(1), pages 75-102, January.
- Shouyong Shi, 1996. "A Divisible Search Model of Fiat Money," Working Paper 930, Economics Department, Queen's University.
- Trejos, Alberto & Wright, Randall, 1995. "Search, Bargaining, Money, and Prices," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 118-141, February.
- Jean-Jacques Herings & Dolf Talman & Zaifu Yang, 1996.
"The Computation of a Continuum of Constrained Equilibria,"
Mathematics of Operations Research, INFORMS, vol. 21(3), pages 675-696, August.
- Herings, P.J.J. & Talman, A.J.J. & Zang, Z., 1994. "The computation of a continuum of constrained equilibria," Other publications TiSEM a581166f-d9d3-489a-b48e-a, Tilburg University, School of Economics and Management.
- Herings, P.J.J. & Talman, A.J.J. & Yang, Z.F., 1996. "The computation of a continuum of constrained equilibria," Other publications TiSEM ba4c6d83-befb-4a25-8477-c, Tilburg University, School of Economics and Management.
- Herings, P.J.J. & Talman, A.J.J. & Zang, Z., 1994. "The computation of a continuum of constrained equilibria," Discussion Paper 1994-38, Tilburg University, Center for Economic Research.
- Herings, P. Jean-Jacques, 1998. "On the existence of a continuum of constrained equilibria1," Journal of Mathematical Economics, Elsevier, vol. 30(3), pages 257-273, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Kazuya Kamiya & Takashi Shimizu, 2005. "On the Role of Tax-Subsidy Scheme in Money Search Models (Subsequently published in "International Economic Review" 48, 2007, 575-606. )," CARF F-Series CARF-F-025, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Kazuya Kamiya & Noritsugu Morishita & Takashi Shimizu, 2004. "On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost ("International Journal of Economic Theory" Volume 1, Issue 3, September 2005, Pages:," CARF F-Series CARF-F-008, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Kazuya Kamiya & Takashi Shimizu, 2007.
"On The Role Of Tax Subsidy Scheme In Money Search Models,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(2), pages 575-606, May.
- Kazuya Kamiya & Takashi Shimizu, 2005. "On the Role of Tax-Subsidy Scheme in Money Search Models," CIRJE F-Series CIRJE-F-323, CIRJE, Faculty of Economics, University of Tokyo.
- Kazuya Kamiya & Noritsugu Morishita & Takashi Shimizu, 2005.
"On the existence of single‐price equilibria in a matching model with divisible money and production cost,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(3), pages 219-231, September.
- Kazuya Kamiya & Noritsugu Morishita & Takashi Shimizu, 2004. "On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost," CIRJE F-Series CIRJE-F-283, CIRJE, Faculty of Economics, University of Tokyo.
- Kamiya, K. & Talman, A.J.J., 2003.
"Random Matching Models and Money : The Global Structure and Approximation of Stationary Equilibria,"
Other publications TiSEM
5a5f4bbf-7f58-4855-8dcf-1, Tilburg University, School of Economics and Management.
- Kamiya, K. & Talman, A.J.J., 2003. "Random Matching Models and Money : The Global Structure and Approximation of Stationary Equilibria," Discussion Paper 2003-70, Tilburg University, Center for Economic Research.
- Kazuya Kamiya & Dolf Talman, 2003. "Random Matching Models and Money: The Global Structure and Approximation of the Set of Stationary Equilibria," CIRJE F-Series CIRJE-F-220, CIRJE, Faculty of Economics, University of Tokyo.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kamiya, Kazuya & Shimizu, Takashi, 2006.
"Real indeterminacy of stationary equilibria in matching models with divisible money,"
Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 594-617, August.
- Kazuya Kamiya & Takashi Shimizu, 2005. "Real Indeterminacy of Stationary Equilibria in Matching Models with Divisible Money," CIRJE F-Series CIRJE-F-390, CIRJE, Faculty of Economics, University of Tokyo.
- Jean, Kasie & Rabinovich, Stanislav & Wright, Randall, 2010. "On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright," Journal of Economic Theory, Elsevier, vol. 145(1), pages 392-401, January.
- Rocheteau, Guillaume & Weill, Pierre-Olivier & Wong, Russell, 2018.
"A tractable model of monetary exchange with ex-post heterogeneity,"
Theoretical Economics, Econometric Society, vol. 13(3), September.
- Guillaume Rocheteau & Pierre-Olivier Weill & Tsz-Nga Wong, 2015. "A Tractable Model of Monetary Exchange with Ex-post Heterogeneity," NBER Working Papers 21179, National Bureau of Economic Research, Inc.
- Guillaume Rocheteau & Pierre-Olivier Weill & Russell Wong, 2017. "A Tractable Model of Monetary Exchange with Ex-Post Heterogeneity," Working Paper 17-6, Federal Reserve Bank of Richmond.
- Kazuya Kamiya & Takashi Shimizu, 2007.
"On The Role Of Tax Subsidy Scheme In Money Search Models,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(2), pages 575-606, May.
- Kazuya Kamiya & Takashi Shimizu, 2005. "On the Role of Tax-Subsidy Scheme in Money Search Models," CIRJE F-Series CIRJE-F-323, CIRJE, Faculty of Economics, University of Tokyo.
- Kazuya Kamiya & Takashi Shimizu, 2005. "On the Role of Tax-Subsidy Scheme in Money Search Models (Subsequently published in "International Economic Review" 48, 2007, 575-606. )," CARF F-Series CARF-F-025, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Kazuya Kamiya & Takashi Shimizu, 2005.
"A New Technique for Proving the Existence of Monetary Equilibria in Matching Models with Divisible Money,"
CARF F-Series
CARF-F-037, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- Kazuya Kamiya & Takashi Shimizu, 2005. "A New Technique for Proving the Existence of Monetary Equilibria in Matching Models with Divisible Money," CIRJE F-Series CIRJE-F-347, CIRJE, Faculty of Economics, University of Tokyo.
- Aleksander Berentsen, 2002.
"On the Distribution of Money Holdings in a Random-Matching Model,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(3), pages 945-954, August.
- Berentsen, Aleksander, 2002. "On the Distribution of Money Holdings in a Random-Matching Model," MPRA Paper 37319, University Library of Munich, Germany.
- Rocheteau, Guillaume & Rupert, Peter & Shell, Karl & Wright, Randall, 2008. "General equilibrium with nonconvexities and money," Journal of Economic Theory, Elsevier, vol. 142(1), pages 294-317, September.
- Ricardo Lagos & Randall Wright, 2005.
"A Unified Framework for Monetary Theory and Policy Analysis,"
Journal of Political Economy, University of Chicago Press, vol. 113(3), pages 463-484, June.
- Ricardo Lagos & Randall Wright, 2002. "A unified framework for monetary theory and policy analysis," Working Papers (Old Series) 0211, Federal Reserve Bank of Cleveland.
- Ricardo Lagos & Randall Wright, 2004. "A unified framework for monetary theory and policy analysis," Staff Report 346, Federal Reserve Bank of Minneapolis.
- Guillaume Rocheteau & Peter Rupert & Randall Wright, 2007.
"Inflation and Unemployment in General Equilibrium,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(4), pages 837-855, December.
- Rocheteau, Guillaume & Rupert, Peter & Wright, Randall, 2007. "Inflation and Unemployment in General Equilibrium," University of California at Santa Barbara, Economics Working Paper Series qt2fq1855f, Department of Economics, UC Santa Barbara.
- Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright, 2005.
"General equilibrium with nonconvexities, sunspots, and money,"
Working Papers (Old Series)
0513, Federal Reserve Bank of Cleveland.
- Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright, 2006. "General Equilibrium with NonConvexities, Sunspots and Money," 2006 Meeting Papers 833, Society for Economic Dynamics.
- Rocheteau, Guillaume & Rupert, Peter & Shell, Karl & Wright, Randall, 2005. "General Equilibrium with Nonconvexities, Sunspots, and Money," Working Papers 05-16, Cornell University, Center for Analytic Economics.
- Scott J. Dressler, 2011.
"Money Holdings, Inflation, And Welfare In A Competitive Market,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(2), pages 407-423, May.
- Scott J. Dressler, 2009. "Money Holdings, Inflation, and Welfare in a Competitive Market," Villanova School of Business Department of Economics and Statistics Working Paper Series 2, Villanova School of Business Department of Economics and Statistics.
- Guillaume Rocheteau & Randall Wright, 2005.
"Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium,"
Econometrica, Econometric Society, vol. 73(1), pages 175-202, January.
- Randall Wright & Guillame Rocheteau, 2003. "Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium," Levine's Bibliography 666156000000000302, UCLA Department of Economics.
- Guillaume Rocheteau & Randall Wright, 2003. "Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium," PIER Working Paper Archive 03-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Guillaume Rocheteau & Randall Wright, 2004. "Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium," Working Papers (Old Series) 0405, Federal Reserve Bank of Cleveland.
- Zhu, Tao, 2005.
"Existence of a monetary steady state in a matching model: divisible money,"
Journal of Economic Theory, Elsevier, vol. 123(2), pages 135-160, August.
- Zhu, Tao, 2003. "Existence of a monetary steady state in a matching model: indivisible money," Journal of Economic Theory, Elsevier, vol. 112(2), pages 307-324, October.
- Kazuya Kamiya & So Kubota & Kayuna Nakajima, 2011. "Efficient estimation and particle filter for max-stable processes," CIRJE F-Series CIRJE-F-792, CIRJE, Faculty of Economics, University of Tokyo.
- Guillaume Rocheteau & Pierre-Olivier Weill & Tsz-Nga Wong, 2015. "Working through the Distribution: Money in the Short and Long Run," NBER Working Papers 21779, National Bureau of Economic Research, Inc.
- Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, 2007.
"Friedman Meets Hosios: Efficiency in Search Models of Money,"
Economic Journal, Royal Economic Society, vol. 117(516), pages 174-195, January.
- Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, "undated". "Friedman Meets Hosios: Efficiency in Search Models of Money," IEW - Working Papers 154, Institute for Empirical Research in Economics - University of Zurich.
- Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, 2002. "Friedman Meets Hosios: Efficiency in Search Models of Money," Working Papers shouyong-02-04, University of Toronto, Department of Economics.
- Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, 2004. "Friedman meets Hosios: efficiency in search models of money," Working Papers (Old Series) 0408, Federal Reserve Bank of Cleveland.
- Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics.
- Young Sik Kim & Manjong Lee, 2009.
"Wealth Distribution, Inflation Tax, and Societal Benefits of Illiquid Bonds,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(5), pages 809-830, August.
- Young Sik Kim & Manjong Lee, 2009. "Wealth Distribution, Inflation Tax, and Societal Benefits of Illiquid Bonds," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(5), pages 809-830, August.
- Williamson, Stephen & Wright, Randall, 2010.
"New Monetarist Economics: Models,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 2, pages 25-96,
Elsevier.
- Stephen D. Williamson & Randall Wright, 2010. "New Monetarist Economics: models," Staff Report 443, Federal Reserve Bank of Minneapolis.
- Williamson, Stephen D. & Wright, Randall, 2010. "New Monetarist Economics: Models," MPRA Paper 21030, University Library of Munich, Germany.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tky:fseres:2002cf167. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CIRJE administrative office (email available below). General contact details of provider: https://edirc.repec.org/data/ritokjp.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.