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Precautionary Demand for Money in a Monetary Search Business Cycle Model

Author

Listed:
  • Ludo Visschers

    (Simon Fraser University)

  • Irina A. Telyukova

    (UC San Diego)

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.

Suggested Citation

  • Ludo Visschers & Irina A. Telyukova, 2009. "Precautionary Demand for Money in a Monetary Search Business Cycle Model," 2009 Meeting Papers 410, Society for Economic Dynamics.
    • Handle: RePEc:red:sed009:410
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    References listed on IDEAS

    as
    1. Irina A. Telyukova & Randall Wright, 2008. "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(2), pages 629-647.
    2. Guillaume Rocheteau & Randall Wright, 2005. "Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium," Econometrica, Econometric Society, vol. 73(1), pages 175-202, January.
    3. Miquel Faig & Belén Jerez, 2007. "Precautionary Balances and the Velocity of Circulation of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(4), pages 843-873, June.
    4. repec:cdl:ucsdec:qt4c67r71r is not listed on IDEAS
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    Cited by:

    1. Aruoba, S. Boragan & Waller, Christopher J. & Wright, Randall, 2011. "Money and capital," Journal of Monetary Economics, Elsevier, vol. 58(2), pages 98-116, March.
    2. Williamson, Stephen & Wright, Randall, 2010. "New Monetarist Economics: Models," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 2, pages 25-96, Elsevier.
    3. repec:cdl:ucsdec:qt4c67r71r is not listed on IDEAS

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