不完全实物资产市场一般货币均衡的性质(英文)

PROPERTIES OF GENERAL MONETARY EQUILIBRIUM WITH INCOMPLETE REAL ASSET MARKETS

本文讨论不完全实物资产市场一般货币均衡．我们考察货币作为交换媒介的作用并且通过（规范化的）（无套利）GEI均衡与（规范化的）（无套利）一般货币均衡的等价性证明不完全实物资产市场货币交换经济一般货币均衡的性质，即普适存在性、有限性和正则性．

This paper analysis the general equilibrium model with money and incomplete real asset markets.We examine the role of money as a medium of exchange and prove the properties,that is,the Generic existence,finiteness and regularity of general monetary equilibrium for the monetary exchange economy with incomplete real asset markets by the equiyalence between the (normalized) (no-arbitrage)GEI equilibrium and(normalized ) (no-arbitrage)general monetary equilibrium.