Stationary Monetary Equilibria with Strictly Increasing Value Functions and Non-Discrete Money Holdings Distributions: An Indeterminacy Result

Kazuya Kamiya and Takashi Shimizu

No CIRJE-F-615, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

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.

Pages: 11 pages
Date: 2009-03
New Economics Papers: this item is included in nep-dge, nep-mac and nep-mon
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http://www.cirje.e.u-tokyo.ac.jp/research/dp/2009/2009cf615.pdf (application/pdf)

Related works:
Journal Article: Stationary monetary equilibria with strictly increasing value functions and non-discrete money holdings distributions: An indeterminacy result (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2009cf615

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