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A monetary theory with non-degenerate distributions
Menzio, Guido; Shi, Shouyong; Sun, Hongfei - 2011
Dispersion of money balances among individuals is the basis for a range of policies but it has been abstracted from in 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...
Persistent link: https://www.econbiz.de/10010290428
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Efficient search on the job and the business cycle
Menzio, Guido (contributor); Shi, Shouyong (contributor) - 2008
Persistent link: https://www.econbiz.de/10003769404
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Efficient search on the job and the business cycle
Menzio, Guido; Shi, Shouyong - 2009
Persistent link: https://www.econbiz.de/10003837057
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Block recursive equilibria for stochastic models of search on the job
Menzio, Guido; Shi, Shouyong - 2009
Persistent link: https://www.econbiz.de/10003837079
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Block recursive equilibria for stochastic models of search on the job
Menzio, Guido (contributor); Shi, Shouyong (contributor) - 2009
Persistent link: https://www.econbiz.de/10003806775
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Efficient search on the job and the business cycle
Menzio, Guido; Shi, Shouyong - 2009 - Rev., second version
Persistent link: https://www.econbiz.de/10003854223
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Block recursive equilibria for stochastic models of search on the job
Menzio, Guido; Shi, Shouyong - In: Journal of economic theory 145 (2010) 4, pp. 1453-1494
Persistent link: https://www.econbiz.de/10008697465
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A monetary theory with non-degenerate distributions
Menzio, Guido; Shi, Shouyong; Sun, Hongfei - 2011
Dispersion of money balances among individuals is the basis for a range of policies but it has been abstracted from in 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...
Persistent link: https://www.econbiz.de/10008989495
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Efficient search on the job and the business cycle
Menzio, Guido; Shi, Shouyong - In: Journal of political economy 119 (2011) 3, pp. 468-510
Persistent link: https://www.econbiz.de/10009309419
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A monetary theory with non-degenerate distributions
Menzio, Guido; Shi, Shouyong; Sun, Hongfei - In: Journal of economic theory 148 (2013) 6, pp. 2266-2312
Persistent link: https://www.econbiz.de/10010257933