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Working Paper 8504
FIXPRICE MODELS FOR DYNAMIC STUDIES
By E r i c A . Kades
The au tho r wishes t o thank Pro fessors Truman Bewley, James
Tobin , and John Geanakoplos o f Yale U n i v e r s i t y f o r a
wide range o f i n s i g h t s , i n s p i r a t i o n s , and c o
r r e c t i o n s .
Working Papers o f t he Federa l Reserve Bank o f C leve land a
re p r e l i m i n a r y m a t e r i a l s , c i r c u l a t e d t
o s t i m u l a t e d i scuss ion and c r i t i c a l comment. The
v iews expressed a re those o f t he au tho r and n o t n e c e s s
a r i l y those o f the Federal Reserve Bank o f C leve land o r
the Board of Governors of t h e Federal Reserve System.
August 1985
Federa l Reserve Bank o f C leve land
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