Stationary monetary equilibria with strictly increasing value functions and non-discrete money holdings distributions: An indeterminacy result

Kazuya Kamiya and Takashi Shimizu

Journal of Economic Theory, 2011, vol. 146, issue 5, 2140-2150

Abstract: In this paper, we present a search model with divisible money in which there exists a continuum of monetary equilibria with strictly increasing continuous value functions and with non-discrete money holdings distributions.

Keywords: Real; indeterminacy; Random; matching; Money (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Stationary Monetary Equilibria with Strictly Increasing Value Functions and Non-Discrete Money Holdings Distributions: An Indeterminacy Result (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:146:y:2011:i:5:p:2140-2150

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