This paper studies a simple random matching model of money in which agents\u27 preferences depend not only on how much to consume but also on what to consume. It is shown that there is a continuum of prices each of which is determined by bilateral bargaining. A numerical method is used to compute market equilibrium of the model. As the quantity of money increases the market volatility decreases as well as the purchasing power of money
This dissertation analyzes the potential distributional effects of monetary policy. I generalize exi...
I examine the robustness of monetary equilibria in a random-matching model, where a more efficient m...
The main purpose of this paper is to show that, for any given parameter values, an equilibrium with ...
We relax restrictions on the storage technology in a prototypical monetary search model to study pri...
We develop a model of monetary exchange that avoids several common criticisms of the recent microfou...
This paper analyzes monetary exchange in a search model allowing for multilateral matches to be form...
The paper relaxes the one unit storage capacity imposed in the basic search-theoretic model of fiat ...
We develop a model of decentralized monetary exchange to examine the distributional effects of infla...
This thesis contains three essays studying the emergence of money as a medium of exchange. The searc...
Summary.: We construct a tractable ‘fundamental' model of money with equilibrium heterogeneity in mo...
I examine the robustness of monetary equilibria in a random matching model where a more efficient me...
This paper studies stationary and nonstationary distributions of money holdings in a random-matching...
We relax restrictions on the storage technology in a prototypical monetary search model to study pri...
This paper analyzes monetary exchange in a search model allowing for multilateral matches to be form...
Whether currency can be efficiently provided by private competitive money suppliers is arguably one ...
This dissertation analyzes the potential distributional effects of monetary policy. I generalize exi...
I examine the robustness of monetary equilibria in a random-matching model, where a more efficient m...
The main purpose of this paper is to show that, for any given parameter values, an equilibrium with ...
We relax restrictions on the storage technology in a prototypical monetary search model to study pri...
We develop a model of monetary exchange that avoids several common criticisms of the recent microfou...
This paper analyzes monetary exchange in a search model allowing for multilateral matches to be form...
The paper relaxes the one unit storage capacity imposed in the basic search-theoretic model of fiat ...
We develop a model of decentralized monetary exchange to examine the distributional effects of infla...
This thesis contains three essays studying the emergence of money as a medium of exchange. The searc...
Summary.: We construct a tractable ‘fundamental' model of money with equilibrium heterogeneity in mo...
I examine the robustness of monetary equilibria in a random matching model where a more efficient me...
This paper studies stationary and nonstationary distributions of money holdings in a random-matching...
We relax restrictions on the storage technology in a prototypical monetary search model to study pri...
This paper analyzes monetary exchange in a search model allowing for multilateral matches to be form...
Whether currency can be efficiently provided by private competitive money suppliers is arguably one ...
This dissertation analyzes the potential distributional effects of monetary policy. I generalize exi...
I examine the robustness of monetary equilibria in a random-matching model, where a more efficient m...
The main purpose of this paper is to show that, for any given parameter values, an equilibrium with ...