Ravenna, Federico; Walsh, Carl E. - Federal Reserve Bank of San Francisco - 2009
process matching firms to unemployed workers, and the implications of these distortions for monetary policy. To this end, we … by monetary policy when these tax instruments are unavailable. Our findings are that the welfare cost of search …The Welfare Consequences of Monetary Policy
and the Role of the Labor Market: a Tax
Interpretation
Federico Ravenna and …