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The Structure of Financial Equilibrium with Exogenous Yields: The Case of Incomplete Markets
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- Bottazzi, Jean-Marc & Luque, Jaime & Páscoa, Mário R., 2012.
"Securities market theory: Possession, repo and rehypothecation,"
Journal of Economic Theory, Elsevier, vol. 147(2), pages 477-500.
- Jean Marc Bottazzi & Jaime Luque & Mario Pascoa, 2011. "Securities market theory: possession, repo and rehypothecation," 2011 Meeting Papers 1214, Society for Economic Dynamics.
- Jean-Marc Bottazzi & Jaime Luque & Mário Páscoa, 2012. "Securities market theory: Possession, repo and rehypothecation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00665629, HAL.
- Bowman, David & Faust, Jon, 1997.
"Options, Sunspots, and the Creation of Uncertainty,"
Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 957-975, October.
- David Bowman & Jon Faust, 1995. "Options, sunspots, and the creation of uncertainty," International Finance Discussion Papers 510, Board of Governors of the Federal Reserve System (U.S.).
- Pascal Stiefenhofer, 2009. "Production in General Equilibrium with Incomplete Markets," Discussion Papers 09/06, Department of Economics, University of York.
- Goenka, Aditya & Prechac, Christophe, 2006. "Stabilizing sunspots," Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 544-555, August.
- Bernard Cornet & Ramu Gopalan, 2010.
"Arbitrage and equilibrium with portfolio constraints,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 45(1), pages 227-252, October.
- Bernard Cornet & Ramu Gopalan, 2009. "Arbitrage and equilibrium with portofolio constraints," Documents de travail du Centre d'Economie de la Sorbonne 09077, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Bernard Cornet & Ramu Gopalan, 2010. "Arbitrage and equilibrium with portfolio constraints," Post-Print hal-00629777, HAL.
- Bernard Cornet & Ramu Gopalan, 2009. "Arbitrage and Equilibrium with Portfolio Constraints," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00441873, HAL.
- Bernard Cornet & Ramu Gopalan, 2009. "Arbitrage and Equilibrium with Portfolio Constraints," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200911, University of Kansas, Department of Economics, revised Dec 2009.
- Bernard Cornet & Ramu Gopalan, 2009. "Arbitrage and Equilibrium with Portfolio Constraints," Post-Print halshs-00441873, HAL.
- Bernard Cornet & Ramu Gopalan, 2010. "Arbitrage and equilibrium with portfolio constraints," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00629777, HAL.
- Bernard Cornet & Ramu Gopalan, 2010. "Arbitrage and equilibrium with portfolio constraints," PSE-Ecole d'économie de Paris (Postprint) hal-00629777, HAL.
- Mario Tirelli, 2003.
"Income taxation when markets are incomplete,"
Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 26(2), pages 97-128, November.
- Tirelli, Mario, 2002. "Income Taxation when Markets are Incomplete," MPRA Paper 746, University Library of Munich, Germany.
- Li Lin & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2016.
"On default and uniqueness of monetary equilibria,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(1), pages 245-264, June.
- Li Lin & Dimitrios P. Tsomocos & Alexandros Vardoulakis, 2015. "On Default and Uniqueness of Monetary Equilibria," Finance and Economics Discussion Series 2015-34, Board of Governors of the Federal Reserve System (U.S.).
- Farmer, Roger, 2014.
"Asset Prices in a Lifecycle Economy,"
CEPR Discussion Papers
9897, C.E.P.R. Discussion Papers.
- Roger Farmer, 2014. "Asset Prices in a Lifecycle Economy," NBER Working Papers 19958, National Bureau of Economic Research, Inc.
- Polemarchakis, H. M. & Seccia, G., 2000.
"A Role for Monetary Policy when Prices Reveal Information: An Example,"
Journal of Economic Theory, Elsevier, vol. 95(1), pages 107-115, November.
- POLEMARCHAKIS, Heracles & SECCIA, Giulio, 1994. "A Role for Monetary Policy when Prices reveal Information : An Example," LIDAM Discussion Papers CORE 1994074, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Heracles M. Polemarchakis & G. Seccia, 1994. "A Role for Monetary Policy When Prices Reveal Information: An Example," Working Papers hal-00607666, HAL.
- POLEMARCHAKIS, Heracles M. & SECCIA, Giulio, 2000. "A role for monetary policy when prices reveal information: an example," LIDAM Reprints CORE 1479, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Luciana C. Fiorini, 2016. "Equilibrium Indeterminacy In A Model Of Constrained Financial Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(3), pages 857-880, August.
- Marta Faias, 2004. "General equilibrium and endogenous creation of asset markets," Nova SBE Working Paper Series wp454, Universidade Nova de Lisboa, Nova School of Business and Economics.
- M. Salto & T. Pietra, 2013.
"Welfare and excess volatility of exchange rates,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 501-529, March.
- M. Salto & T. Pietra, 2011. "Welfare and excess volatility of exchange rates," Working Papers wp758, Dipartimento Scienze Economiche, Universita' di Bologna.
- Manzano, Carolina, 1998. "The structure of the set of critical equilibria with incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 30(2), pages 147-173, September.
- Guangsug Hahn & Dong Chul Won, 2007. "Equilibrium in Financial Markets with Market Frictions," Korean Economic Review, Korean Economic Association, vol. 23, pages 267-302.
- Neumeyer, Pablo Andrés, 1994.
"The efficiency of financial markets with high inflation,"
UC3M Working papers. Economics
2908, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Neumeyer, P. A., 1994. "The Efficiency of Financial Markets with High Inflation," DELTA Working Papers 94-11, DELTA (Ecole normale supérieure).
- Eugeni, Sara, 2024.
"Nominal exchange rates and net foreign assets' dynamics: The stabilization role of valuation effects,"
Journal of International Money and Finance, Elsevier, vol. 141(C).
- Eugeni, Sara, 2015. "Nominal Exchange Rates and Net Foreign Assets' Dynamics: the Stabilization Role of Valuation Effects," MPRA Paper 63549, University Library of Munich, Germany.
- Sara Eugeni, 2017. "Nominal Exchange Rates and Net Foreign Assets' Dynamics: the Stabilization Role of Valuation Effects," Department of Economics Working Papers 2017_09, Durham University, Department of Economics.
- Bai, Jinhui H. & Schwarz, Ingolf, 2006.
"Monetary equilibria in a cash-in-advance economy with incomplete financial markets,"
Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 422-451, August.
- Jinhui H. Bai & Ingolf Schwarz, 2005. "Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets," JEPS Working Papers 05-005, JEPS.
- Jinhui H. Bai & Ingolf Schwarz, 2006. "Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets," Working Papers gueconwpa~06-06-05, Georgetown University, Department of Economics.
- Ingolf Schwarz & Jinhui H. Bai, 2005. "Monetary Equilibria in a Cash-in-Advance Economy with Incomplete Financial Markets," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2005_18, Max Planck Institute for Research on Collective Goods.
- Rahi, Rohit, 1995. "Partially revealing rational expectations equilibria with nominal assets," Journal of Mathematical Economics, Elsevier, vol. 24(2), pages 137-146.
- Cass, David, 2006.
"Musings on the Cass trick,"
Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 374-383, August.
- David Cass, 2006. "Musings on the Cass Trick," PIER Working Paper Archive 06-011, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Gottardi, Piero & Mas-Colell, Andreu, 2000. "A note on the decomposition (at a point) of aggregate excess demand on the Grassmannian1," Journal of Mathematical Economics, Elsevier, vol. 33(4), pages 463-473, May.
- Naoki Yoshihara & Se Ho Kwak, 2024.
"Sraffian indeterminacy of steady‐state equilibria in the Walrasian general equilibrium framework,"
Metroeconomica, Wiley Blackwell, vol. 75(3), pages 377-395, July.
- Yoshihara, Naoki & Kwak, Se Ho, 2022. "Sraffian indeterminacy of steady-state equilibria in the Walrasian general equilibrium framework," Discussion Paper Series 734, Institute of Economic Research, Hitotsubashi University.
- Naoki Yoshihara & Se Kwak, 2023. "Sraffian indeterminacy of steady-state equilibria in the Walrasian general equilibrium framework," Working Papers SDES-2023-2, Kochi University of Technology, School of Economics and Management, revised May 2023.
- Yves Balasko & Enrique Kawamura, 2010. "Pareto-Improving Defaul," Working Papers 102, Universidad de San Andres, Departamento de Economia, revised May 2010.
- Gaël Giraud & Cécile Renouard, 2011.
"In search of an alternative to shareholder value maximization,"
Post-Print
hal-00609153, HAL.
- Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Post-Print halshs-00611712, HAL.
- Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00611712, HAL.
- Giraud, Gaël & Renouard, Cécile, 2011. "In search of an alternative to shareholder value maximization," ESSEC Working Papers WP1108, ESSEC Research Center, ESSEC Business School.
- Gaël Giraud & Cécile Renouard, 2011. "In search of an alternative to shareholder value maximization," Documents de travail du Centre d'Economie de la Sorbonne 11038, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Tirelli, Mario, 2008.
"Constrained inefficiency in GEI: A geometric argument,"
Journal of Mathematical Economics, Elsevier, vol. 44(11), pages 1197-1214, December.
- Mario Tirelli, 2008. "Constrained inefficiency in GEI: a geometric argument," Departmental Working Papers of Economics - University 'Roma Tre' 0086, Department of Economics - University Roma Tre.
- Michael Magill & Martine Quinzii, 2014. "Term structure and forward guidance as instruments of monetary policy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(1), pages 1-32, May.
- Nagata, Ryo, 2005. "Inefficiency of equilibria with incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 887-897, November.
- Stahn, Hubert, 1998. "On monopolistic equilibria with incomplete markets: the case of an exchange economy," Journal of Mathematical Economics, Elsevier, vol. 29(1), pages 83-107, January.
- Magill, Michael & Quinzii, Martine, 2014. "Anchoring expectations of inflation," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 86-105.
- Nagata, Ryo, 1998. "The degree of indeterminacy of equilibria with incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 29(1), pages 109-123, January.
- Giraud, Gael, 2003. "Strategic market games: an introduction," Journal of Mathematical Economics, Elsevier, vol. 39(5-6), pages 355-375, July.
- Alessandro Citanna & Antonio Villanacci, "undated".
""Financial Innovation and Expectations'',"
CARESS Working Papres
95-01, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Alessro Citanna & Antonio Villanacci, "undated". "Financial Innovation and Expectations," Penn CARESS Working Papers ed722591a10ca6b7966bbee0c, Penn Economics Department.
- Pradeep Dubey & John Geanakoplos, 2000.
"Inside and Outside Money, Gains to Trade, and IS-LM,"
Cowles Foundation Discussion Papers
1257, Cowles Foundation for Research in Economics, Yale University.
- P. Dubey & J. Geanakoplos, 2001. "Inside and Outside Money, Gains to Trade, and IS-LM," Department of Economics Working Papers 01-08, Stony Brook University, Department of Economics.
- Pradeep Dubey & John Geanakoplos, 2000. "Inside and Outside Money, Gains to Trade, and IS-LM," Cowles Foundation Discussion Papers 1257R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2001.
- Marta Faias & Emma Moreno-García, 2010. "Incomplete financial markets and differential information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 43(2), pages 189-206, May.
- Lionel de Boisdeffre, 2021. "Dropping the Cass Trick and Extending Cass' Theorem to Asymmetric Information and Restricted Participation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03196923, HAL.
- Balasko, Yves & Geanakoplos, John, 2012. "Introduction to general equilibrium," Journal of Economic Theory, Elsevier, vol. 147(2), pages 400-406.
- Jean-Marc Bottazzi & Jaime Luque & Mário Páscoa, 2010. "Re-hypotecation of securities," Post-Print halshs-00476004, HAL.
- McMahon, Michael & Peiris, Udara & Polemarchakis, Herakles, 2015.
"Perils of quantitative easing,"
The Warwick Economics Research Paper Series (TWERPS)
1089, University of Warwick, Department of Economics.
- McMahon, Michael & Peiris, Udara & Polemarchakis, Herakles, 2015. "Perils of Quantitative Easing," Economic Research Papers 270005, University of Warwick - Department of Economics.
- McMahon, Michael & Peiris, Udara & Polemarchakis, Herakles, 2015. "Perils of quantitative easing," CRETA Online Discussion Paper Series 04, Centre for Research in Economic Theory and its Applications CRETA.
- Drèze, Jacques H. & Herings, P. Jean-Jacques, 2008.
"Sequentially complete markets remain incomplete,"
Economics Letters, Elsevier, vol. 100(3), pages 445-447, September.
- DRÈZE, Jacques & HERINGS, Jean-Jacques, 2003. "Sequentially complete markets remain incomplete," LIDAM Discussion Papers CORE 2003085, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Drèze, J. & Herings, P.J.J., 2003. "Sequentially complete markets remain incomplete," Research Memorandum 044, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- DREZE, Jacques H. & HERINGS, Jean-Jacques P., 2009. "Sequentially complete markets remain incomplete," LIDAM Reprints CORE 2034, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Cass, David & Pavlova, Anna, 2004.
"On trees and logs,"
Journal of Economic Theory, Elsevier, vol. 116(1), pages 41-83, May.
- David Cass & Anna Pavlova, "undated". "On Trees and Logs," CARESS Working Papres 00-01, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Pavlova, Anna & Cass, David, 2002. "On Trees and Logs," Working papers 4233-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Cass, David & Pavlova, Anna, 2003. "On Trees And Logs," Working papers 4233-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- David Cass & Anna Pavlova, "undated". "On Trees and Logs," Penn CARESS Working Papers e046baf19b9659b668c46a5f9, Penn Economics Department.
- Ma, Wei, 2018. "Real indeterminacy of general equilibrium under Knightian uncertainty," Journal of Mathematical Economics, Elsevier, vol. 79(C), pages 106-111.
- McMahon, Michael & Peiris, M. Udara & Polemarchakis, Herakles, 2018. "Perils of unconventional monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 92-114.
- Faias, Marta & Moreno-Garcia, Emma & Pascoa, Mario Rui, 2002. "Real indeterminacy of equilibria and manipulability," Journal of Mathematical Economics, Elsevier, vol. 37(4), pages 325-340, July.
- Pascal Stiefenhofer, 2011. "Equilibrium Structure of Production Economies with Uncertainty: The Natural Projection Approach," Discussion Papers 11/07, Department of Economics, University of York.
- Lionel de Boisdeffre, 2021. "Dropping the Cass Trick and Extending Cass' Theorem to Asymmetric Information and Restricted Participation," Post-Print halshs-03196923, HAL.
- Polterovich, Victor, 1998. "Кризис Экономической Теории [The Crisis of Economic Theory]," MPRA Paper 22015, University Library of Munich, Germany.
- Yoshihara, Naoki & Kwak, Se Ho, 2019.
"Sraffian Indeterminacy in General Equilibrium Revisited,"
Discussion Paper Series
698, Institute of Economic Research, Hitotsubashi University.
- Naoki Yoshihara & Se Ho Kwak, 2019. "Sraffian Indeterminacy in General Equilibrium Revisited," UMASS Amherst Economics Working Papers 2019-04, University of Massachusetts Amherst, Department of Economics.
- Bisin, Alberto, 1998. "General Equilibrium with Endogenously Incomplete Financial Markets," Journal of Economic Theory, Elsevier, vol. 82(1), pages 19-45, September.
- TIRELLI, Mario, 2000. "Capital income taxation when markets are incomplete," LIDAM Discussion Papers CORE 2000011, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Piero Gottardi & Andreu Mas-Colell, 1999. "A Note on the Decomposition (at a Point) of Aggregate Excess Demand on the Grassmannian," Working Papers 99-11, Brown University, Department of Economics.
- Yves Balasko & Enrique Kawamura, 2013. "Is risk good for saving? Message from the general equilibrium model," Textos para discussão 615, Department of Economics PUC-Rio (Brazil).
- Hagedorn, Marcus, 2018. "Prices and Inflation when Government Bonds are Net Wealth," CEPR Discussion Papers 12769, C.E.P.R. Discussion Papers.
- Wettstein, David, 1995. "Incentives and competitive allocations in exchange economies with incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 24(3), pages 201-216.
- Donati, Paola & Momi, Takeshi, 2003. "Indeterminacy of rational expectations equilibria in sequential financial markets," Journal of Mathematical Economics, Elsevier, vol. 39(7), pages 743-762, September.
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