Abstract

http://ssrn.com/abstract=29339
 
 

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A Note on the Core of a Monetary Economy


Eric O'Neill Fisher


California State Polytechnic University, San Luis Obispo - Orfalea College of Business



Abstract:     
This note shows that there are monetary equilibria in the model of overlapping generations that are in the core. Some equilibria have positive stocks of outside money in every generation. These equilibria are thus self-enforcing, and introducing money into an economy need not be tantamount to contriving a new social institution designed to enforce sequential contracts.

Number of Pages in PDF File: 15

JEL Classification: E40, E60, C71

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Date posted: July 8, 1997  

Suggested Citation

Fisher, Eric O'Neill, A Note on the Core of a Monetary Economy. Available at SSRN: http://ssrn.com/abstract=29339 or http://dx.doi.org/10.2139/ssrn.29339

Contact Information

Eric O'Neill Fisher (Contact Author)
California State Polytechnic University, San Luis Obispo - Orfalea College of Business ( email )
San Luis Obispo, CA 93407
United States
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References:  16

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