INTEREST RATE PEGS, WEALTH EFFECTS AND PRICE LEVEL DETERMINACY

Barbara Annicchiarico () and Giancarlo Marini ()

Metroeconomica, 2006, vol. 57, issue 4, pages 521-535

Abstract: This paper analyses the issue of price level determinacy in an optimizing general equilibrium model with overlapping generations. It is shown that under a pure interest rate peg wealth effects rule out nominal indeterminacy but give rise to multiple equilibria. Copyright © 2006 The Authors; Journal compilation © 2006 Blackwell Publishing Ltd.

Date: 2006
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=2006&part=null link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Interest Rate Pegs, Wealth Effects and Price Level Determinacy (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:metroe:v:57:y:2006:i:4:p:521-535

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0026-1386

Access Statistics for this article

Metroeconomica is edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Series data maintained by Wiley-Blackwell Digital Licensing ().