fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry … reminders may increase saving, and that reminders will be more effective when they increase the salience of a specific …

. Specifically, they characterize the optimal return on money in the presence of credit arrangements. There is a dual role for credit …: It allows buyers to trade without fiat money and also permits them to borrow against future income. However, not all … traders have access to credit. As a result, there is a social role for fiat money because it allows agents to self …

Lagos and Wright (2005) demonstrate how the essential properties of a money-search model are preserved in an … markets under limited commitment and private information. The analysis demonstrates clearly how insurance, credit, and money … the Friedman rule. In particular, I find that the same frictions that render money essential may at the same time operate …

substantially changes the dynamics in the model, allowing agents to significantly smooth consumption and reduce the movements in …

of aggregate loan and investment fluctuations …We show that supply-side financial shocks have a large impact on firms' investment. We develop a new methodology to …

during tight- money periods. The resulting increase in the external finance premium--the difference in cost between internal …

shifts in the financing mix seem to affect investment (even controlling for interest rates). This implies that bank and non …