Jyotirmoy Bhattacharya (B.R. Ambedkar University, Delhi)

Centre for Development Economics
and
Department of Economics, Delhi School of Economics

ANNOUNCE A SEMINAR

Expectations and the Short-Period Equilibrium of a Monetary Economy

by

Jyotirmoy Bhattacharya
B.R. Ambedkar University, Delhi

Tuesday, March 20, 2012, at 3:00 p.m.

Venue : AMEX Conference Room (Second Floor)
Department of Economics, Delhi School of Economics

All are cordially invited

Abstract

 We investigate the existence of a monetary equilibrium in a model which has no role for money as a medium of ex- change in the temporary equilibrium framework of Grandmont (1977) and Grandmont and Younes (1972). We demonstrate the importance of bounds on agents’ price expectations for the existence in this model of an equilibrium with a strictly positive value of money..