Friedman Meets Hosios: Efficiency in Search Models of Money

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Liquidity: A New Monetarist Perspective (2017, methodology): “As for efficiency, with generalized Nash bargaining Lagos andWright (2005) show = ∗ under two conditions (see also Berentsen et al. 2007).”
NEW MICROFOUNDATIONS FOR THE AGGREGATE MATCHING FUNCTION (2007, background): “Blanchard and Diamond (1990) estimated a CES aggregate matching function on US data, obtaining an estimate of the elasticity of substitution between unemployment and vacancies of σ∗ = 0.”
Inflation and Unemployment in the Long Run (2011, unknown): “Although at first blush it may seem M0 better suits the theory, one can reformulate this kind of model so that demand deposits circulate in KW, either instead of or along with currency (Berentsen et al. 2007, He et al. 2007, or Chiu and Meh 2009, Li 2009).”
Framework for Monetary Theory and Policy Analysis (2002, unknown): “it allows us to establish that there exists a unique V (m; s) in the relevant space of functions satisfying (8), even though this is a nonstandard dynamic programming problem (because V is unbounded in m due to the linear term Ám).”