Non-connectedness of the set of equilibrium money prices: The static economy (Q581197)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Non-connectedness of the set of equilibrium money prices: The static economy |
scientific article; zbMATH DE number 4018719
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Non-connectedness of the set of equilibrium money prices: The static economy |
scientific article; zbMATH DE number 4018719 |
Statements
Non-connectedness of the set of equilibrium money prices: The static economy (English)
0 references
1987
0 references
A static economy in which nominal taxes and transfers are balanced, under certain conditions, has a set of equilibrium money prices containing a proper interval. Two examples are given in which the entire set must consist of a proper interval. Then, an example is presented in which the set of equilibrium money prices is not connected. While the set contains a proper interval for balanced fiscal policies, the entire set is not in general a single interval.
0 references
taxation
0 references
equilibrium money prices
0 references
balanced fiscal policies
0 references
