We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks …

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability that a house … from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics …

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability that a house … from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …