Adelaide Research & Scholarship
Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/41237
| Type: | Journal article |
| Title: | Endogenous monetary growth rules and determinacy in cash-in-advance models |
| Author: | Weder, M. |
| Citation: | Economics Bulletin, 2004; 5(11):1-9 |
| Publisher: | Economics Bulletin |
| Issue Date: | 2004 |
| ISSN: | 1545-2921 |
| Statement of Responsibility: | Mark Weder |
| Abstract: | It is well known that a high degree of relative risk aversion induces equilibrium indeterminacy in cash-in-advance economies. I find that by endogenously adjusting the nominal money supply to output fluctuations, these equilibria can be effectively eliminated. |
| Keywords: | Cash-in-Advance Models Money Growth Rules Sunspots |
| Rights: | © Economics Bulletin |
| Published version: | http://www.economicsbulletin.com/2004/volume5/EB-04E50003A.pdf |
| Appears in Collections: | Aurora harvest 6 Economics publications |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.