; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Individual and Aggregate Real Balances in a Random-Matching Model"; ; "batchuser@example.com"; "Zhou, Ruilin"; "Federal Reserve Bank of Minneapolis"; "D51 - Exchange and Production Economies", "E40 - Money and Interest Rates: General"; "This paper investigates the characteristics of stationary single-price equilibrium in a monetary random-matching model where agents can hold an arbitrary amount of divisible money and where production is costly. At such an equilibrium, agents’ money holdings are endogenously determined and uniformly bounded. A refinement of weakly undominated strategies is argued to be necessary. It is shown that a continuum of single-price equilibria indexed by the aggregate real-money balance exists if one such equilibrium exists. Equilibria with different money-holdings upper bounds, hence different distributions, but with identical aggregate real-money balances, can coexist."^^; "1998-01"; "2019-08-21T01:38:35.248331858+00:00"^^; "https://doi.org/10.21034/sr.222"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:04:47 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "883"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "222"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _International Economic Review_ (Vol. 40, No. 4, November 1999, pp. 1009-1038) https://doi.org/10.1111/1468-2354.00051. "^^; ; "Publication" . ; .