Stationary monetary equilibria in overlapping generations models with incomplete markets

DOI10.1006/jeth.1996.0109zbMath0864.90020OpenAlexW1991757855MaRDI QIDQ2564725

Piero Gottardi

Publication date: 28 January 1997

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

Full work available at URL: https://doi.org/10.1006/jeth.1996.0109

zbMATH Keywords

continuum of equilibriastochastic overlapping generations modelstationary monetary equilibria

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Economic growth models (91B62)

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Short-memory equilibrium in stochastic overlapping generations economies ⋮ Dividend paying assets, the unit root property, and suboptimality ⋮ Does sunspot monetary policy matter? ⋮ Optimality in an OLG model with nonsmooth preferences ⋮ Stationary Markov perfect equilibria in risk sensitive stochastic overlapping generations models ⋮ Stochastic OLG models, market structure, and optimality ⋮ Optimism, pessimism and financial bubbles ⋮ On the nonexistence of recursive equilibrium in stochastic OLG economies ⋮ Price stabilizing, Pareto improving policies ⋮ Stationary Markov equilibria on a non-compact self-justified set ⋮ Multiplicity of Cournot equilibria and involuntary unemployment ⋮ Coordination and correlation in Markov rational belief equilibria ⋮ Overlapping generations models with incomplete markets ⋮ Monetary equilibria and Knightian uncertainty

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