Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium

Guillaume Rocheteau and Randall Wright

No 405, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: We compare three market structures for monetary economies: bargaining (search equilibrium); price taking (competitive equilibrium); and price posting (competitive search equilibrium). We also extend work on the microfoundations of money by allowing a general matching technology and entry. We study how equilibrium and the effects of policy depend on market structure.

Keywords: Money; Equilibrium (Economics) (search for similar items in EconPapers)
Date: 2004
New Economics Papers: this item is included in nep-cba, nep-dge, nep-mac and nep-mon
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Related works:
Journal Article: Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium (2005)
Working Paper: Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium (2003)
Working Paper: Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:0405

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DOI: 10.26509/frbc-wp-200405

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