Showing 1 - 10 of 19,553
Persistent link: https://www.econbiz.de/10003054406
Persistent link: https://www.econbiz.de/10001508736
Persistent link: https://www.econbiz.de/10001332619
Persistent link: https://www.econbiz.de/10000958443
Persistent link: https://www.econbiz.de/10000958444
Persistent link: https://www.econbiz.de/10003893551
Persistent link: https://www.econbiz.de/10003478396
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
Persistent link: https://www.econbiz.de/10003557068