著者
Kazuya Kamiya
出版者
The Japanese Society for Mathematical Economics
雑誌
数理経済学会誌 (ISSN:24363162)
巻号頁・発行日
vol.1, pp.9-16, 2022 (Released:2022-03-31)
参考文献数
7

In this paper, I show that real indeterminacy of stationary monetary equilibria generically arises in a wide class of models with divisible fiat money. More precisely, if a condition, which is typically satisfied in monetary transactions, holds, then the set of monetary equilibria is generically a continuum.