Search theory and applied economic research
In the summer of 2002, the Swiss National Bank (SNB) hosted the “SNB-Fed Cleveland Workshop on Monetary Economics”. Recent years have seen the development of the search-theoretic approach to monetary theory. It has established itself as an important strand of monetary theory in a very short space of time, although it has yet to exert a significant influence on the empirical models that are typically used for monetary policy analysis. This is why the conference organisers, David Altig (Federal Reserve Bank of Cleveland), Aleksander Berentsen (University of Basel) and Thomas Jordan (SNB) decided that the event should focus on linking search theory with applied economic research. This summary article first briefly examines the objectives and challenges of search theory before discussing briefly the conference papers.
|Date of creation:||Dec 2002|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stefania Albanesi, 2002.
"Inflation and Inequality,"
- Ben S. Bernanke & Mark Gertler, 2001. "Should Central Banks Respond to Movements in Asset Prices?," American Economic Review, American Economic Association, vol. 91(2), pages 253-257, May.
- Kugler, Peter & Jordan, Thomas J. & Lenz, Carlos & Savioz, Marcel R., 2004. "Measurement errors in GDP and forward-looking monetary policy: The Swiss case," Discussion Paper Series 1: Economic Studies 2004,31, Deutsche Bundesbank, Research Centre.
- Kiyotaki, Nobuhiro & Wright, Randall, 1991.
"A contribution to the pure theory of money,"
Journal of Economic Theory,
Elsevier, vol. 53(2), pages 215-235, April.
- Robert E. Lucas, Jr., 2000. "Inflation and Welfare," Econometrica, Econometric Society, vol. 68(2), pages 247-274, March.
- Wallace, Neil, 2001. "Whither Monetary Economics?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(4), pages 847-69, November.
- Shouyong Shi, 1996.
"A Divisible Search Model of Fiat Money,"
930, Queen's University, Department of Economics.
- Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
- Ricardo Lagos & Randall Wright, 2002.
"A unified framework for monetary theory and policy analysis,"
0211, Federal Reserve Bank of Cleveland.
- Ricardo Lagos & Randall Wright, 2005. "A Unified Framework for Monetary Theory and Policy Analysis," Journal of Political Economy, University of Chicago Press, vol. 113(3), pages 463-484, June.
- Ricardo Lagos & Randall Wright, 2004. "A unified framework for monetary theory and policy analysis," Staff Report 346, Federal Reserve Bank of Minneapolis.
- Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 927-54, August.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:14877. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.