Macroeconomic Asset Pricing

  • PierCarlo Nicola
Chapter

Abstract

We have seen, in the preceding Ch.27, how it is possible to introduce ‘fiat’ money in general equilibrium models, in particular in OLG models. Now, we shall review two macroeconomic monetary models; the main reason is the introduction of monetary asset price models, since in the last twenty years, or so, models of asset prices, in a general equilibrium perspective, have been largely employed in econometric applications.

Keywords

Income Rium Oligopoly 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

  • PierCarlo Nicola
    • 1
  1. 1.Department of MathematicsUniversity of MilanoMilanoItaly

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