Similar Search Results

On the "hot potato" effect of inflation : intensive versus extensive margins

Liu, Lucy Qian; Wang, Liang; Wright, Randall D. - In: Macroeconomic dynamics 15 (2011), pp. 191-216

Persistent link: https://www.econbiz.de/10009504756

Outside Versus Inside Bonds : A Modigliani-Miller Type Result for Liquidity Constrained Economies

Berentsen, Aleksander; Waller, Christopher - 2009

When agents are liquidity constrained, two options exist - sell assets or borrow. We compare the allocations arising in two economies: In one, agents can sell government bonds (outside bonds) and in the other they can borrow (issue inside bonds). All transactions are voluntary, implying no...

Persistent link: https://www.econbiz.de/10014201980

Search Models of Money : Recent Advances

Liu, Ding - 2016

essential, welfare costs of inflation, and the interaction between money and capital accumulation in economic growth models …

Persistent link: https://www.econbiz.de/10012989443

Outside Versus Inside Bonds : A Modigliani-Miller Type Result for Liquidity Constrained Economies

Berentsen, Aleksander - 2009

When agents are liquidity constrained, two options exist — sell assets or borrow. We compare the allocations arising in two economies: in one, agents can sell government bonds (outside bonds) and in the other they can borrow (issue inside bonds). All transactions are voluntary, implying no...

Persistent link: https://www.econbiz.de/10013156118

Inflation, price dispersion and market integration through the lens of a monetary search model

Becker, Sascha O.; Nautz, Dieter - 2010

Recent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on … the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly …

Persistent link: https://www.econbiz.de/10003952539

Inflation, price dispersion and market integration through the lens of a monetary search model

Becker, Sascha S.; Nautz, Dieter - 2010

Monetary search theory implies that the real effects of inflation via its impact on price dispersion depend on the … level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation …-price dispersion nexus is predicted to be asymmetrically V-shaped which results in an optimal inflation rate above zero. For highly …

Persistent link: https://www.econbiz.de/10008749778

Prices and the velocity of money in search equilibrium

Jafarey, Saqib; Masters, Adrian M. - 1998

Persistent link: https://www.econbiz.de/10001495517

Output, prices, and the velocity of money in search equilibrium

Jafarey, Saqib; Masters, Adrian M. - In: Journal of money, credit and banking : JMCB 35 (2003) 6,1, pp. 871-888

Persistent link: https://www.econbiz.de/10002168081

Optimal Disclosure Policy and Undue Diligence

Andolfatto, David - 2012

While both public and private financial agencies supply asset markets with large amounts of information, they do not generally disclose all asset-related information to the general public. This observation leads us to ask what principles might govern the optimal disclosure policy for an asset...

Persistent link: https://www.econbiz.de/10013108477

Money Creation in a Random Matching Model

Deviatov, Alexei Y. - 2003

I study money creation in versions of the Trejos-Wright (1995) and Shi (1995) models with indivisible money and bounded individual holdings. I work with the same class of policies as in Deviatov and Wallace (2001), who study money creation in that model. However, I consider two alternative...

Persistent link: https://www.econbiz.de/10014090036