Price inertia: money supply and price changes
نویسندگان
چکیده
منابع مشابه
Money and Price Dispersion
We relax restrictions on the storage technology in a prototypical monetary search model to study price dispersion. When multiple units of currency can be stored, buyers and sellers enter matches with potentially different willingness to buy or sell. Across the distribution of possible bilateral matches, prices will generally differ even though agents have identical preferences and technologies....
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ژورنال
عنوان ژورنال: Applied Economics
سال: 1996
ISSN: 0003-6846,1466-4283
DOI: 10.1080/000368496328713