Publications

2017

Indeterminacy in stochastic overlapping generations models: real effects in the long run.
Indeterminacy in stochastic overlapping generations models: real effects in the long run.

Feng, Z., and M. Hoelle (2017): Indeterminacy in stochastic overlapping generations models: real effects in the long run, Economic Theory 63(2): 559-585.

2016

Incomplete Financial Markets with Real Assets and Wealth-Dependent Credit Limits.
Incomplete Financial Markets with Real Assets and Wealth-Dependent Credit Limits.

Hoelle, M., M. Pireddu, and A. Villanacci (2016): Incomplete Financial Markets with Real Assets and Wealth-Dependent Credit Limits, Journal of Economics 117(1): 1-36.

2015

On the Pareto Efficiency of Term Structure Targeting Policies.
On the Pareto Efficiency of Term Structure Targeting Policies.

Hoelle, M. (2015): On the Pareto Efficiency of Term Structure Targeting Policies, Mathematical Social Sciences 77 (2015): 62-69.

2014

The Relation between Sunspot Effects and Multiplicity in Incomplete Markets Models with Numeraire Assets.
The Relation between Sunspot Effects and Multiplicity in Incomplete Markets Models with Numeraire Assets.

Hoelle, M. (2014): The Relation between Sunspot Effects and Multiplicity in Incomplete Markets Models with Numeraire Assets, Journal of Mathematical Economics 50, 119-127.

2013

2012

Transaction Costs and Planner Intervention.
Transaction Costs and Planner Intervention.

Hoelle, M. (2012): Transaction Costs and Planner Intervention, Economic Theory 50(3), 603-634.

2010

Bankruptcy and Transaction Costs in General Financial Models.
Bankruptcy and Transaction Costs in General Financial Models.

Hoelle, M. (2010): Bankruptcy and Transaction Costs in General Financial Models, Publicly accessible Penn Dissertations, Paper 119.