INTEREST RATE PEGS, WEALTH EFFECTS AND PRICE LEVEL DETERMINACY

Barbara Annicchiarico () and Giancarlo Marini

Metroeconomica, 2006, vol. 57, issue 4, 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.

Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1467-999X.2006.00254.x

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: https://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 currently edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().