This talk addresses the existence of the equilibra in
Rotemberg (1984) monetary model, which provide a general dynamic
structure for investigation the government interference for the open
market operation. The applications of this basic model are all over
the macroeconomic fields. However one question remained open
in the original paper is the theoretic proof for the existence and
uniqueness of the equilibrium. We establish the glob existence of the
model and provide further investigation to the global monetary policy.
Converted from jli.abs (plain text).