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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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    File URL: https://economicdynamics.org/meetpapers/2009/paper_410.pdf
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    References listed on IDEAS

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    1. Irina A. Telyukova & Randall Wright, 2008. "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle," Review of Economic Studies, Oxford University Press, vol. 75(2), pages 629-647.
    2. 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.
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