Real Determinacy with Nominal Assets

John Geanakoplos () and Pradeep K. Dubey ()
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John Geanakoplos: Yale University, Cowles Foundation
Pradeep K. Dubey: State University of New York, Stony Brook, Department of Economics

Yale School of Management Working Papers from Yale School of Management

Abstract: We build a finite horizon model with inside and outside money, in which interest rates, price levels and commodity allocations are determinate, even though asset markets are incomplete and asset deliveries are purely nominal.

JEL-codes: E40 E50 E58 D50 (search for similar items in EconPapers)
Date: 2004-07-28

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Persistent link: http://EconPapers.repec.org/RePEc:ysm:somwrk:ysm400

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