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This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings … in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent … models of search economies with no constraints on money inventories, except that here money is modeled as indivisible and …
Persistent link: https://www.econbiz.de/10005561223
This page is forthcoming in the journal, Macroeconomic Dynamics, as an Announcement from the Editor. The page provides information about the conversion of the journal's submission procedure from on-paper to all electronic. The new system was created by Stephen Spear and is maintained by him on...
Persistent link: https://www.econbiz.de/10005076743
This statement outlines the objectives and policies of the new journal, Macroeconomic Dynamics, which is dedicated to the advancement of macroeconomics as a science. This Editorial is to appear at the front of the first issue of that journal and is copyright by Cambridge University Press.
Persistent link: https://www.econbiz.de/10005126416