Search, inflation and capital accumulation

Journal of Monetary Economics

Volumn 44, Issue 1, 1999, Pages 81-103

  Shi, Shouyong ^a  

^a QUEEN S UNIVERSITY   (Canada)

Author keywords

Capital; E40; E50; Extensive effects; Inflation; Search

Indexed keywords

EID: 0002231077     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3932(99)00016-1     Document Type: Article

References (22)

1. Baumol W.J. The transactions demand for cash: An inventory theoretic approach. Quarterly Journal of Economics. 66:1952;545-556.
2. Brock W.A. Money and growth: The case of long run perfect foresight. International Economic Review. 15:1974;750-776.
3. Bruno M., Easterly W. Inflation crises and long-run growth. Journal of Monetary Economics. 41:1998;3-26.
4. Green, E., Zhou, R., 1996. A rudimentary model of search with divisible money and prices. Journal of Economic Theory (forthcoming).
5. Johnson H. Monetary theory and policy. American Economic Review. 52:1962;335-384.
6. Jovanovic B. Inflation and welfare in the steady state. Journal of Political Economy. 90:1982;561-577.
7. Kiyotaki N., Wright R. A contribution to the pure theory of money. Journal of Economic Theory. 53:1991;215-235.
8. Kiyotaki N., Wright R. A search-theoretic approach to monetary economics. American Economic Review. 83:1993;63-77.
9. Levine R., Zervos S. What we have learned about policy and growth from cross-country regressions? American Economic Review, Papers and Proceedings. 83:1993;426-430.
10. Li V. Inventory accumulation in a search-based monetary economy. Journal of Monetary Economics. 34:1994;511-536.
11. Lucas R.E. Liquidity and interest rates. Journal of Economic Theory. 50:1990;237-264.
12. Rubinstein A., Wolinsky A. Equilibrium in a market with sequential bargaining. Econometrica. 53:1985;1133-1150.
13. Shi S. Money and prices: A model of search and bargaining. Journal of Economic Theory. 67:1995;467-496.
14. Shi, S., 1996. Search for a monetary propagation mechanism. Journal of Economic Theory (forthcoming).
15. Shi S. A divisible search model of fiat money. Econometrica. 65:1997;75-102.
16. Shi, S., 1998. Search, inflation, and capital accumulation. Queen's University, Manuscript.
17. Sidrauski M. Rational choice and patterns of growth in a monetary economy. American Economic Review, Papers and Proceedings. 57:1967;534-544.
18. Stockman A. Anticipated inflation and the capital stock in a cash-in-advance economy. Journal of Monetary Economics. 8:1981;387-393.
19. Tobin J. Money and economic growth. Econometrica. 33:1965;671-684.
20. Townsend R.M. Asset-return anomalies in a monetary economy. Journal of Economic Theory. 41:1987;219-247.
21. Trejos A., Wright R. Search, bargaining, money and prices. Journal of Political Economy. 103:1995;118-141.
22. Wallace, N., 1980. The overlapping generations model of fiat money. In: Kareken, J.H., Wallace, N. (Ed.), Models of Monetary Economics. Federal Reserve Bank of Minneapolis, Minneapolis.