ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS

DOI10.1017/S1365100511000046zbMath1286.91092OpenAlexW3124935164MaRDI QIDQ5415673

Lucy Qian Liu, Randall Wright, Liang Wang

Publication date: 14 May 2014

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100511000046

zbMATH Keywords

inflationvelocitysearchfree entry

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42) Welfare economics (91B15)

Related Items (5)

Equilibrium using credit or money with indivisible goods ⋮ Inflation tax in the lab: a theoretical and experimental study of competitive search equilibrium with inflation ⋮ MONEY CYCLES ⋮ A tractable model of monetary exchange with ex post heterogeneity ⋮ Money and price posting under private information

Cites Work

• On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
• A rudimentary random-matching model with divisible money and prices
• Search for a monetary propagation mechanism
• Indivisibilities, lotteries, and monetary exchange
• Inflation and Welfare
• On the Efficiency of Matching and Related Models of Search and Unemployment
• A Divisible Search Model of Fiat Money
• The Optimal Taxation of Fiat Money in Search Equilibrium
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Cigarette money

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