A Unified Framework for Monetary Theory and Policy Analysis, Second Version
Authors:
- Ricardo LagosRLRicardo Lagos
- Randall D. WrightRWRandall D. Wright
Preprint
- 1 January 2002
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Search-theoretic models of monetary exchange are based on explicit descriptions of the frictions that make money essential. However, tractable versions usuallyKeywords
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