Infinitely Lived Representative Agent Exchange Economy with Myopia

Stefano Lovo

Working Papers from HAL

Abstract: We consider a family of infinitely long lived representative agent economy where, each period, agents can only decide consumption plan of finite dimension n. It is shown that myopia generates indeterminacy and monetary equilibrium in infinitely lived representative economy. Any invertible dynamics with at most one monetary steady state that is increasing in the quantity of money can represent the set of equilibria of an appropriate myopic economy.

Keywords: money; Economy; Myopia; monetary equilibrium; myopic economy; Infinitely Lived Representative Agent Exchange Economy (search for similar items in EconPapers)
Date: 2000-02
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in 2000

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Infinitely lived representative agent exchange economy with myopia (2000)
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: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00598167

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().