Article ID Journal Published Year Pages File Type
5059378 Economics Letters 2014 4 Pages PDF
Abstract
We study a monetary model in which buyers choose search intensity and prices are considered as given in a decentralized market. We indicate that the Friedman rule may not be optimal.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
On the optimality of the Friedman rule in a New Monetarist model
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