不能根除
发表于 2025-3-25 04:58:48
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Gnrh670
发表于 2025-3-25 09:05:57
The distribution of money and prices in an equilibrium with lotteries,monetary transfers. By studying a simple trading pattern, we can analytically characterize the monetary distribution. Interestingly, such distributions match those observed in numerically simulated economies with fully divisible money and price heterogeneity.
把手
发表于 2025-3-25 13:48:59
A simple search model of money with heterogeneous agents and partial acceptability,bustly. There can be multiple equilibria with different degrees of acceptability. Given the type of heterogeneity we allow, the model is simple: equilibria reduce to fixed points in . We show that with other forms of heterogeneity equilibria are fixed points in set space, and there is no method to reduce this to a problem in . ..
Arthropathy
发表于 2025-3-25 18:00:57
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幸福愉悦感
发表于 2025-3-25 20:31:42
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有斑点
发表于 2025-3-26 04:08:42
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Charlatan
发表于 2025-3-26 08:12:33
Inflation, Growth and Exchange Rate Regimes in Small Open Economies,unction, there are multiple reserve requirements, and credit market frictions may or may not cause credit rationing. Under floating exchange rates, raising domestic inflation can increase production if credit is rationed. However, there exist inflation thresholds: increasing inflation beyond the thr
Adrenaline
发表于 2025-3-26 09:52:37
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Hiatus
发表于 2025-3-26 14:02:37
Asset pricing implications of efficient risk sharing in an endowment economy,g. The inefficiency is linked with the stochastic distribution of income over agents within a period. The introduction of a clearing house may eliminate the dynamic inefficiency, but depending on how the clearing house operates, households may only have partial insurance against income risk. Hence,
PALSY
发表于 2025-3-26 16:52:11
Distributional aspects of the divisibility of money. An example,money balances, to one with deterministic transfers of partially divisible balances. Randomization allows price flexibility, as if money were fully divisible. Partial divisibility does not, but allows money redistributions. An example of the relevance of such ‘extensive margin’ aspects of divisibili