Efficiency and the value of money Pubblico Deposited

Creator Series Issue number
  • 386
Parola chiave Subject Abstract
  • In a monetary model, it is shown that if there is a unique Pareto inefficient barter equilibrium, then a monetary equilibrium exists when traders are sufficiently patient.
Contributori Date Created
  • 1988-06
Date Modified
  • 03/15/2018
Publisher
  • Federal Reserve Bank of Minneapolis. Research Division.
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