Money, expectations and the existence of a temporary equilibrium
The article presents information on money, expectations and the existance of a temporary equilibrium. If money and financial assets are to be integrated into general equilibrium theory, it is apparent that the classical Arrow-Debreu framework must be modified. As long as all trading takes place esse...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1976
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1772 https://ink.library.smu.edu.sg/context/soe_research/article/2771/viewcontent/MoneyExpectationsTempEquilibrium_1976.pdf |
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| Institution: | Singapore Management University |
| Language: | English |