Existence of Steady States with Positive Consumption in the Kiyotaki-Wright Model
- 1 October 1991
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 58 (5) , 901-916
- https://doi.org/10.2307/2297943
Abstract
We prove the general existence of steady states with positive consumption in an N goods and fiat money version of the Kiyotaki-Wright model by admittKeywords
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