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In this article, the discussion on quality levels in the monetary search theoretical model is extended. By having quality levels endogenously determined, we found that whether money holders have quality preferences is crucial to the results. While the effect of the fraction of money on quality...
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using different structural vector autoregressive VAR approaches. The results are largely consistent with the proposed theory …
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Increasing differences between firms: market power and the macroeconomy / John Van Reenen -- Understanding weak capital investment: the role of market concentration and intangibles / Nicolas Crouzet, Janice C. Eberly -- Panel on changing market structure and implications for monetary policy /...
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