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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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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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Taxation and redistribution of residual income inequality
Golosov, Michail Ju.; Maziero, Pricila; Menzio, Guido - 2012
Persistent link: https://www.econbiz.de/10009571700
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Directed search over the life cycle
Menzio, Guido; Telyukova, Irina A.; Visschers, Ludo - 2012
Persistent link: https://www.econbiz.de/10009502457
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Directed search over the life cycle
Menzio, Guido; Telyukova, Irina A.; Visschers, Ludo - 2012
Persistent link: https://www.econbiz.de/10009490109
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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
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Taxation and redistribution of residual income inequality
Golosov, Michail Ju.; Maziero, Pricila; Menzio, Guido - In: Journal of political economy 121 (2013) 6, pp. 1160-1204
Persistent link: https://www.econbiz.de/10010255657
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Equilibrium price dispersion with sequential search
Menzio, Guido; Trachter, Nicholas - In: Journal of economic theory 160 (2015), pp. 188-215
Persistent link: https://www.econbiz.de/10011549358
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Taxation and redistribution of residual income inequality
Golosov, Michail Ju.; Maziero, Pricila; Menzio, Guido - 2012
Persistent link: https://www.econbiz.de/10009560786
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A monetary theory with non-degenerate distributions
Menzio, Guido; Shi, Shouyong; Sun, Hongfei - 2011
Persistent link: https://www.econbiz.de/10009236536