Existence and multiplicity of temporary equilibria under nominal price rigidities

Dreze, Jacques
(2013)

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  • Dreze, JacquesUCLouvain
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Abstract
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).
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Dreze, J. (2013). Existence and multiplicity of temporary equilibria under nominal price rigidities (CORE Discussion Paper 2013/10). https://hdl.handle.net/2078.5/205821