Non-Informative Rational Expectations Equilibria When Assets are Nominal: An Example

Non-Informative Rational Expectations Equilibria When Assets are Nominal: An Example

When assets are nominal, non-informative rational expectations equilibria exist.

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Bibliographische Detailangaben
Veröffentlicht in:The Geneva Papers on Risk and Insurance Theory 1990-03, Vol.15 (1), p.73-79
Hauptverfasser: Mischel, K., Polemarchakis, H. M., Siconolfi, P.
Format: Artikel
Sprache:eng
Schlagworte:
Asset markets
Commodities
Commodity prices
Economic expectations
Economic uncertainty
Economics and Finance
Equilibrium prices
Finance
Financial Services
Insurance
Market equilibrium
Original Paper
Rational expectations theory
Risk Management
State of nature
Trade
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Beschreibung
Zusammenfassung:When assets are nominal, non-informative rational expectations equilibria exist.
ISSN:0926-4957
1554-964X
1573-6954
1554-9658
DOI:10.1007/BF01498461