Document Type
Discussion Paper
Publication Date
6-1-2003
CFDP Number
1427R
CFDP Revision Date
2004-11-01
CFDP Pages
29
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, "Determinacy with Nominal Assets and Outside Money" (2003). Cowles Foundation Discussion Papers. 1700.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1700