Monetary transmission, asset prices, and the business cycle indicator in Germany

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Abstract

In this paper I derive a complete characterization for the equilibria that may arise in a binary choice interaction model with a ?nite number of interacting agents. In particular, the correspondence between the interaction strength, the number of agents and the set of equilibria is derived.
Original languageEnglish
Publishers.n.
Number of pages48
Publication statusPublished - 2003

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