期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2003
出版社：European Central Bank
摘要：We provide a general characterization of the structure of rational ex- pectations equilibria of any degree of revelation for pure exchange, se- quential economies, with Þnitely many states of private information, an incomplete Þnancial market and nominal assets. We estimate the dimen- sion of the rational expectations equilibria for any degree of revelation. Then, we show how a central bank, by deciding on the money supply, may affect the revelation of information at equilibrium.
关键词：Incomplete markets; Indeterminacy; Information revelation;Monetary Policy.
