Menner, Martin - In: Contributions to Macroeconomics 6 (2006) 1, pp. 1384-1384
Search-theory has become the main paradigm for the micro-foundation of money. But no comprehensive business cycle analysis has been undertaken yet with a search-based monetary model. This paper extends the model with divisible goods and divisible money of Shi (JET, 1998) to allow for capital...