Hori, Katsuhiko (2007): Indeterminacy in a monetary economy with heterogeneous agents. Published in: Advanced Studies in Pure Mathematics , Vol. 53, (June 2009): pp. 67-76.
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In this study, we discuss a connection between heterogeneity of agents and indeterminacy of equilibria in a standard money-in-the-utility function model. Contrary to ealier studies, which mainly concern indeterminacy in connection with monetary policy or preferences of a single agent, we emphasize the role of heterogeneity of agents in indeterminacy.
|Item Type:||MPRA Paper|
|Original Title:||Indeterminacy in a monetary economy with heterogeneous agents|
|Keywords:||Heterogeneity, Indeterminacy, Money-in-the-utility function|
|Subjects:||C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles
|Depositing User:||Katsuhiko Hori|
|Date Deposited:||28. Aug 2013 09:17|
|Last Modified:||28. Aug 2013 10:10|
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