departures are likely to be minor. Finally, we argue that the presence of nominal wage stickiness in labor markets does not …

-theoretic environment with divisible money and goods. We find that in such a setting, a positive feedback between work and shopping effort …This paper investigates the relationship between money growth, inflation, and productive activity in a general … equilibrium model where search frictions motivate the transactions role of money. The use of a multiple matching technique, where …

monetary policy that sought to maintain high interest rates and to restrict the growth of the money supply. Surprisingly, given …

money growth is essentially zero. We investigate whether standard monetary models driven by monetary shocks are consistent … general equilibrium models with sticky information. ; Earlier title: Inflation and money: a puzzle …

environment, I show that higher inflation induces some buyers to spend their money faster by frontloading their consumption …I study the effects of inflation on the purchasing behavior of buyers in an economy where money is essential for … increases, agents try to spend their money holdings speedily. The standard framework fails to capture this kind of effect (see …