patterns. The standardized mortality ratio (SMR) applied in conjuction with an age/gender adjustment is the most widely adopted … include the influence exerted by the reference population (national versus provincial), the age structure (excluding people …

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 holdings. We assume search to be directed in the sense that buyers know the … terms of trade before visiting particular sellers. Directed search makes the monetary steady state block recursive in the …

size of the intervention. Search frictions are important for all these results. They compound adverse selection, making a …

response to city-specific income shocks for 106 US cities. We then develop a dynamic search model of the housing market in … models with no search. In particular, variation in the time it takes to sell a house (i.e. the house's liquidity) induces …

I propose a model of the housing market using a search framework with asymmetric information in which sellers are … posting as a signalling device to direct buyers' search. Adverse selection and inefficient entry on the demand side then …

This paper extends the Kiyotaki-Wright search model of fiat money to allow for divisible money and goods. The extension …

costly search. It is shown that an increase in the money growth rate increases steady state employment and output when the …

This paper integrates labor market search into an intertemporal equilibrium model to analyze the dynamic macroeconomic …

This paper uses the example of an exam to model multi-dimensional search under a deadline. When the dimension is two …, an order-invariance property allows simple characterization of the optimal search policy. Behavior is shown to be highly …; this increases complexity of the problem of finding the optimal search policy. …

In this paper we construct a two-country search monetary model to determine the nominal exchange rate between two fiat …