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Existence and multiplicity of temporary equilibria under nominal price rigidities

Jacques Dreze

No 2013010, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper proves existence of a multiplicity of equilibria in a 2-period TGE model with money and nominal rigidities. Households have in- complete preferences and firms reach decisions through the “control principle” (cf. Dr`eze 1989).

Keywords: temporary general equilibrium; incomplete preferences; price rigidities (search for similar items in EconPapers)
JEL-codes: D51 D52 (search for similar items in EconPapers)
Date: 2013-04-26
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Related works:
Journal Article: Existence and multiplicity of temporary equilibria under nominal price rigidities (2016) Downloads
Working Paper: Existence and multiplicity of temporary equilibria under nominal price rigidities (2016)
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