Output and price level effects of monetary uncertainty in a matching model

DOI10.1016/S0022-0531(03)00030-9MaRDI QIDQ1810686zbMATH OpenFDO

Authors Brett Katzman, John Kennan, Neil Wallace

Publication date 9 June 2003

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0022-0531(03)00030-9

zbMATH Keywords

Mechanism designMonetary exchangePrivate informationRandom matching

Mathematics Subject Classification ID

Matching models (91B68)

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Cites work

• Indivisibilities, lotteries, and monetary exchange
• Introduction to modeling money and studying monetary policy
• Money and prices: A model of search and bargaining
• Money is memory
• Search for a monetary propagation mechanism
• Volatile policy and private information: The case of monetary shocks

Cited in

(9)

• Output persistence from monetary shocks with staggered prices or wages under a Taylor rule
• The reeded edge and the Phillips curve: Money neutrality, common knowledge, and subjective beliefs
• A new suggestion for simplifying the theory of money
• On the output effects of monetary variability
• Learning from private and public observations of others' actions
• The (Mis)Behaviour of the Aggregate Price Level
• The Phillips curve in a matching model
• Efficient propagation of shocks and the optimal return on money
• Uncertain potential output: Implications for monetary policy

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