Generic determinacy and money non-neutrality of international monetary equilibria
I address the issue of the 'number' of International Monetary Equilibria that the international finance model of Geanokoplos and Tsomocos (2002) possesses. The mainstream competitive model has locally unique equilibria with respect to the real side of the economy; however, it manifests nom...
| Format: | Working paper |
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| Published: |
University of Oxford
2006
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