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In this paper we consider stationary pure exchange overlapping generations models with n goods in each period. ¥e argue that for a model with non-zero stock of nominal debt there is potentially an n 1 dimensional indeterminacy. Thus relative prices within a period can be indeterminate. Although our results agree with those previously known for the case where there is one good in every period, they indicate that indeterminacy does not depend on the existence of fiat money or other assets. Furthermore, even in pure exchange models with no aggregate debt or assets, our results indicate that equilibria may be indeterminate or not whether or not they are pareto efficient. ¥e construct robust examples of models with indeterminacy of relative prices in which the only departure from the simple model with one consumer in every generation and one good in every period is that each consumer lives for three, rather than two, periods. This three period lived constimer model can also be viewed as a model of one with two two period lived consumers in each generation and two goods in each period. Indeterminacy of Relative Prices in Overlapping Generations Models by Timothy J. Kehoe and David K. Levine*