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Re: Colander and New Keynesian Economics

More to Paul Davidson:
     The real money balance phase space that I referred to is
from the 1985 Grandmont _Econometrica_ model.  It is a perfect
foresight, overlapping generations model with money functioning
as an intergenerational transfer asset.  Your point that such a
model may not be relevant under nonergodicity is well taken.
Barkley Rosser
PS:  Glad you had a nice enough day to finally get unfrozen and
out of your driveway!
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