General Equilibrium Under Shortage : A Generalized Barro-Grossman Model

A Generalized Barro-Grossman Model

General Equilibrium Under Shortage : A Generalized Barro-Grossman Model
In several recent articles, the Barro-Grossman model of general equilibrium under shortage has been modified to incorporate money demand and alternative retail sales mechanisms. This paper extends this work to allow for spillovers in deficit goods markets (modeled as feedback of black market prices on the real value of nominal money balances).... READ MORE...

Publication date: June 1991
ISBN 9781451965667
$15.00

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