do not cause bank runs because nominal deposits allow consumption to adjust efficiently with prices. Currency withdrawals …

, in particular by capturing the procyclic movements of monetary aggregates, inflation and interest rates. And its …

buy the market good. An increase in inflation raises the price of the corruption service, reduces the non-market good …

generate short-run non-neutrality. The response of prices and inflation to shocks of this type depends on the changes in …The short-run non-neutrality of money and its implications for inflation dynamics are examined in a monetary search … households' search intensity that they induce. Monetary shocks change the distribution of prices in equilibrium and thus alter …