| CIRJE-F-615 | "Stationary Monetary Equilibria with Strictly Increasing Value Functions and Non-Discrete Money Holdings Distributions: An Indeterminacy Result" |
| Author Name | Kamiya, Kazuya and Takashi Shimizu |
| Date | March 2009 |
| Full Paper | PDF file |
| Remarks | @ |
| Abstract |
In this paper, we present a search model with divisible money in which there exists a continuum of monetary equilibria with strictly increasing continuous value functions and with non-discrete money holdings distributions. |