The Distribution of Money and Prices in Search Equilibrium

By Miguel Molico. 2006

259 citations recorded by the source corpus.

How researchers see this paper

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A Model of Money and Credit, with Application to the Credit Card Debt Puzzle (2007, unknown): “The necessary and sufficient conditions for (22) are”
Liquidity: A New Monetarist Perspective (2017, methodology): “Molico (2006), with a nondegenerate (), has examples of a positive redistributive effect, although in Chiu and Molico’s (2010,2011) calibrated models, this effect reduces the cost of inflation but 0 is still optimal.”
Money, credit and banking (2007, background): “1 Models with this property include [5], [8], [9], [15], [23] and [ 26 ].”
Inflation and Unemployment in the Long Run (2011, unknown): “Although there are various ways to proceed, in terms of different approaches in the literature, here we integrate Mortensen and Pissarides (1994) with Lagos and Wright (2005).”