Document Type
Discussion Paper
Publication Date
6-1-2003
CFDP Number
1427
CFDP Pages
31
Abstract
We build a finite horizon model with inside and outside money, in which interest rates, price levels and commodity allocations are determinate, even though asset markets are incomplete and asset deliveries are purely nominal.
Recommended Citation
Dubey, Pradeep and Geanakoplos, John, "Real Determinacy with Nominal Assets" (2003). Cowles Foundation Discussion Papers. 1699.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1699