Endogenous Price Fluctuations in an Optimizing Model of a Monetary Economy
Work
Year: 1991
Type: article
Abstract: This paper demonstrates that an optimizing model of a monetary economy can produce perfect foresight equilibria in which the price level fluctuates forever. Cyclically or chaotically fluctuating equil... more
Source: Econometrica
Author Kiminori Matsuyama
Cites: 9
Cited by: 70
Related to: 10
FWCI: 3.811
Citation percentile (by year/subfield): 94.58
Topic: Economic theories and models
Subfield: Economics and Econometrics
Domain: Social Sciences
Sustainable Development Goal Decent work and economic growth
Open Access status: green