Question

definition of stationary monetary equilibrium​

Answer 1

A stationary monetary equilibrium is defined as above with the addi- tional condition that qm {0. The model described in the previous section always has a non monetary stationary equilibrium. When qm=0 all assets have a zero payoff and the complete autarky allocation is then an equilibrium solution.

Answer 2

Answer:

A stationary (competitive) equilibrium is defined by a system of constant prices (interest rate and wage) and allocations such that individuals optimize and markets clear.

Monetary equilibrium is a situation where the supply of money equals the demand, given a particular constellation of prices. The supply of money includes both the monetary base and various forms of credit. In monetary equilibrium, the monetary system is doing the most it can to facilitate beneficial trades.

Explanation:

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