| We construct stationary Nash Equilibrium strategies for market economies in which a continuum of agents compete via the bidding of fiat money to purchase a non-durable good over countably many time periods. We consider economies where the amount of good available in each time period is not constant, but fluctuates either cyclically or non-cyclically. Additionally, economies in which the amount of good available in each time period is a random variable from either cyclically or non-cyclically changing probability distributions are discussed.;We consider some market economies where agents are allowed to borrow or deposit money from a central bank at a fixed interest rate. In these cases, attention is given to how the central bank may adjust the interest rate to control inflation. |
