Abstract:
How do changes in the quality of money affect price dispersion or more generally the equilibrium distribution of prices? We relax the storage technology for fiat money in a prototypical search model to answer this question.
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Related works: Journal Article: Money and Price Dispersion (1999) This item may be available elsewhere in EconPapers: Search for items with the same title.
More papers in Working Papers from University of Iowa, Department of Economics Address: University of Iowa, Department of Economics, Henry B. Tippie College of Business, Iowa City, Iowa 52242 Contact information at EDIRC. Series data maintained by Renea Jay ().
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