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Existence and multiplicity of temporary equilibria under nominal price rigidities

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Dreze, Jacques [UCL]

This paper proves existence of a multiplicity of equilibria in a 2-period TGE model with money and nominal rigidities. Households have in- complete preferences and firms reach decisions through the “control principle” (cf. Dr`eze 1989).

Document type Document de travail (Working Paper)
Access type Accès libre
Publication date 2013
Language Anglais
Collection CORE Discussion Paper - 2013/10
Affiliation UCL - SSH/LIDAM/CORE - Center for operations research and econometrics
Keywords temporary general equilibrium ; incomplete preferences ; price rigidities
Links
Bibliographic reference Dreze, Jacques. Existence and multiplicity of temporary equilibria under nominal price rigidities. CORE Discussion Paper ; 2013/10 (2013)
Permanent URL http://hdl.handle.net/2078.1/127962