Working Papers

نویسندگان

  • José Manuel Gutiérrez
  • JOSÉ MANUEL GUTIÉRREZ
چکیده

The existence of short-term monetary equilibrium in a frictionless economy with suboptimal agents is proved for any (reasonable) given interest rate. Separability ideas (as defined in Decision Theory) are applied. Two financial markets are in operation: for bank contracts (deposits and credits) and for shares.

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تاریخ انتشار 2008