Tsz-Nga Wong - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:24:41+00:00A Tractable Monetary Model Under General Preferences
https://www.bankofcanada.ca/2013/03/working-paper-2013-7/
Consider the monetary model of Lagos and Wright (JPE 2005) but with general preferences and general production. I show that preferences satisfying UXXUHH – (UXH)2 = 0 is a sufficient condition for the existence and uniqueness of monetary equilibrium with degenerate money distribution.2013-03-15T11:28:52+00:00enA Tractable Monetary Model Under General Preferences2013-03-15Economic modelsWorking Paper 2013-7https://www.bankofcanada.ca/wp-content/uploads/2013/03/wp2013-07.pdfA Tractable Monetary Model Under General PreferencesTsz-Nga WongMarch 2013DD8D83EE4E40