法政大学学術機関リポジトリ >
030 紀要 >
Journal of International Economic Studies >

このアイテムの引用には次の識別子を使用してください: http://hdl.handle.net/10114/7929

タイトル: On the Uniqueness and Stability Conditions for Two Types of Monetary Models with Recursive Utility
著者: Miyazaki, Kenji
宮﨑, 憲治
Utsunomiya, Hitoshi
宇都宮, 仁
キーワード: Recursive utility
Money-in-utility-function model
Transaction-costs model
Decreasing marginal impatience
発行日: 2013-3
出版者: The Institute of Comparative Economic Studies, Hosei University
抄録: This paper explores the conditions for local dynamics and the uniqueness of a steady state in the money-in-utility-function, and transaction-costs models with recursive utility. When a money demand depends only on nominal interest rates and a monetary Brock-Gale (BG) condition holds around a steady state, the steady state is locally stable. Even in the case of the general money demand function, the local stability is sometimes possible. Furthermore, when a money demand function exists and the BG condition holds globally, the steady state is unique.
URI: http://hdl.handle.net/10114/7929
ISSN: 09111247
出現コレクション:Journal of International Economic Studies


ファイル 記述 サイズフォーマット
27Miyazaki-other.pdf1.68 MBAdobe PDF見る/開く



Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - ご意見をお寄せください