PARETO OPTIMALITY AND MONETARY COMPETITIVE EQUILIBRIUM IN THE OVERLAPPING GENERATIONS MODEL

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概要

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• In this paper, the normative aspect of a monetary competitive equilibrium is studied in the overlapping-generations model. We will obtain the necessary and sufficient conditions under which (I) a monetary competitive equilibrium is Pareto optimal, and, (ii) a Pareto optimal allocation is a monetary competitiveequilibrium.

• 慶應義塾大学の論文

著者

• Suda Shinichi

  Agricultural Economics The Kieo Economic Society Keio University

• 須田 伸一

  Agricultural Economics, THE KIEO ECONOMIC SOCIETY Keio University

関連論文

• PARETO OPTIMALITY AND MONETARY COMPETITIVE EQUILIBRIUM IN THE OVERLAPPING GENERATIONS MODEL

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