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A Monetary Theory with Non-Degenerate Distributions

Menzio, Guido - 2011

Dispersion of money balances among individuals is the basis for a range of policies but it has been abstracted from in monetary theory for tractability reasons. In this paper, we fill in this gap by constructing a tractable search model of money with a non-degenerate distribution of money...

Persistent link: https://www.econbiz.de/10013127373

A Monetary Theory with Non-Degenerate Distributions

Menzio, Guido - 2011

Persistent link: https://www.econbiz.de/10013128021

A monetary theory with non-degenerate distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - 2011

Persistent link: https://www.econbiz.de/10009236536

A monetary theory with non-degenerate distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - 2011

Persistent link: https://www.econbiz.de/10008989495

A monetary theory with non-degenerate distributions

Menzio, Guido; Shi, Shouyong; Sun, Hongfei - In: Journal of economic theory 148 (2013) 6, pp. 2266-2312

Persistent link: https://www.econbiz.de/10010257933

The role of search frictions in the long-run relationships between inflation, unemployment and capital

Gomis-Porqueras, Pedro; Huangfu, Stella; Sun, Hongfei - In: European economic review : EER 123 (2020), pp. 1-20

Persistent link: https://www.econbiz.de/10012264613

Optimal product design : implications for competition and growth under declining search frictions

Menzio, Guido - In: Econometrica : journal of the Econometric Society, an … 91 (2023) 2, pp. 605-639

Persistent link: https://www.econbiz.de/10014309689

Search theory of imperfect competition with decreasing returns to scale

Menzio, Guido - In: Journal of economic theory : JET 218 (2024), pp. 1-24

Persistent link: https://www.econbiz.de/10015070894

Sequentially mixed search and equilibrium price dispersion

Shi, Shouyong - In: Journal of economic theory 213 (2023), pp. 1-27

Persistent link: https://www.econbiz.de/10014472181

Directed Search Over the Life Cycle

Menzio, Guido; Telyukova, Irina A.; Visschers, Ludo - 2012

We develop a life-cycle model of the labor market in which different worker-firm matches have different quality and the assignment of the right workers to the right firms is time consuming because of search and learning frictions. The rate at which workers move between employment, employment and...

Persistent link: https://www.econbiz.de/10014174298