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Publication Detail
UPSE DP 1993-02: Optimum Quantity of Money Instability

It is shown that optimum quantity of money equilibria are unstable in the simplest models. Getting back to the desired path requires a temporary suspension of the money growth rule.

UP-School of Economics
Authors Keywords
Encarnacion, Jr. Jose; mathematical models;
Download PDF Number of Downloads
Published in 1993 and available in the UPSE Library or NO PDF AVAILABLE Downloaded 0 times since November 25, 2011
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