Endogenous Price Fluctuations in an Optimizing Model of a Monetary Economy
Open Access
- 1 November 1991
- journal article
- Published by JSTOR in Econometrica
- Vol. 59 (6) , 1617
- https://doi.org/10.2307/2938282
Abstract
This paper demonstrates that an optimizing model of a monetary economy can produce perfect foresight equilibria, in which the price level fluctuates forever. Cy...Keywords
All Related Versions
This publication has 0 references indexed in Scilit: