Precautionary Demand for Money in a Monetary Search Business Cycle Model
Ludo Visschers and
Irina Telyukova ()
No 410, 2009 Meeting Papers from Society for Economic Dynamics
Abstract:
the model account for relevant properties of the data, but not very significantly. The biggest quantitative potential for search frictions in this setting appears to be in the dynamic implications they generate for inventories and markups in the retail sector. Assessment of this potential is in progress.
Date: 2009
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