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Unstable and stable steady-states in the Kiyotaki-Wright model

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Publication:1376955
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DOI10.1007/S001990050188zbMath0891.90033OpenAlexW1997509692MaRDI QIDQ1376955

Juan-Manuel Renero

Publication date: 1 February 1998

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990050188


zbMATH Keywords

stabilityKiyotaki-Wright modeltwo-period-convergent equilibria


Mathematics Subject Classification ID

Economic growth models (91B62)


Related Items (3)

Introduction to the symposium issue on money and liquidity ⋮ The evolution of money as a medium of exchange ⋮ A dynamic analysis of Nash equilibria in search models with fiat money







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