Browsing RSCAS Articles by Subject "expectational stability"

DSpace/Manakin Repository

Browsing RSCAS Articles by Subject "expectational stability"

Sort by: Order: Results:

  •  
    Title: Stable Sunspot Equilibria in a Cash-In-Advance Economy  Author(s): EVANS, George W.; HONKAPOHJA, Seppo M. S.; MARIMON, Ramon Date: 2007 Type of Publication: Article Abstract: We analyze a monetary model with flexible labor supply, cash-in-advance constraints, and seigniorage- and tax-financed government spending. If the intertemporal elasticity of substitution of labor is greater than one, both ...