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Chiu, Jonathan (contributor); Molico, Miguel (contributor) - 2008

This paper studies the welfare costs and the redistributive effects of inflation in the presence of idiosyncratic liquidity risk, in a micro-founded search-theoretical monetary model. We calibrate the model to match the empirical aggregate money demand and the distribution of money holdings...

Persistent link: https://www.econbiz.de/10003711687

Working through the distribution : money in the short and long run

Rocheteau, Guillaume; Weill, Pierre-Olivier; Wong, Tsz-Nga - 2015

Persistent link: https://www.econbiz.de/10011428366

Uncertainty, inflation, and welfare

Chiu, Jonathan; Molico, Miguel - In: Journal of money, credit and banking : JMCB 43 (2011) 7, pp. 487-512

Persistent link: https://www.econbiz.de/10009349270

Markov risk mappings and risk-sensitive optimal prediction

Kosmala, Tomasz; Martyr, Randall; Moriarty, John - In: Mathematical methods of operations research : ZOR 97 (2023) 1, pp. 91-116

Persistent link: https://www.econbiz.de/10014227386

Discussion of "Uncertainty, inflation, and welfare"

Dressler, Scott J. - In: Journal of money, credit and banking : JMCB 43 (2011) 7, pp. 513-519

Persistent link: https://www.econbiz.de/10009349269

Short-run dynamics in a search-theoretic model of monetary exchange

Chiu, Jonathan; Molico, Miguel - In: Review of economic dynamics 42 (2021), pp. 133-155

Persistent link: https://www.econbiz.de/10014527943

Technological uncertainty and cost-effectiveness of CO2 emission trading schemes

Löschel, Andreas (contributor); … - 2008

This paper studies implications of uncertainty about the arrival date of a competitive CO2 backstop technology for the design of cost-effective CO2 emission trading schemes. For this purpose, we develop a dynamic general equilibrium model that captures empirical links between CO2 emissions...