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Capacity choice, monetary trade, and the cost of inflation

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Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange

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Search-based models of money and finance : an integrated approach

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Self-confirming price dispersion in monetary economies

Baughman, Garth; Rabinovich, Stanislav - 2018

simultaneous search or any heterogeneity in preferences, production costs, or search technologies. A distribution of money holdings … price distribution, in turn, makes buyers indifferent across a range of money balances, rationalizing the non …-degenerate distribution of money holdings. We completely characterize the distribution of posted prices and money holdings in any equilibrium …

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