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ralph lauren polo

Mark Weder
''Endogenous Monetary Growth Rules and Determinacy in Cash-in-Advance Models''
( 2004, Vol. 5 No.11 )
It is well known that a high degree of relative risk aversion induces equilibrium indeterminacy in cash-in-advance economies. I find that by endogenously adjusting the nominal money supply to output fluctuations, these equilibria can be effectively eliminated.
JEL: E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Manuscript Received : May 15 2004 Manuscript Accepted : May 20 2004

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