Noninformative Rational Expectations Equilibria When Assets Are Nominal
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Noninformative Rational Expectations Equilibria when Assets are Nominal
Author | : K. Mischel |
Publisher | : |
Total Pages | : 15 |
Release | : 1990 |
Genre | : |
ISBN | : |
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In this article we show that in the presence of trading constraints, such as short sale constraints, the standard definition of a Rational Expectations Equilibr