THE PHILLIPS CURVE IN A MATCHING MODEL

Following ideas in Hume, monetary shocks are embedded in the Lagos‐Wright model in a new way: There are only nominal shocks accomplished by individual transfers that are sufficiently noisy so that realizations of those transfers do not permit the agents to deduce much about the aggregate realization...

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Bibliographic details
Volume: 60
Main Author: Hu, Tai‐Wei
Wallace, Neil
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY 01.11.2019
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published in: International economic review (Philadelphia) Vol. 60; no. 4; pp. 1469 - 1487
Data of publication: November 2019
ISSN: 0020-6598
1468-2354
EISSN: 1468-2354
Discipline: Economics
Bibliography: We are grateful to seminar participants at National Taiwan University, University of Bath, Penn State–Cornell Macro workshop, Richmond Fed, and UNSW. We are also grateful to the referees for helpful comments on an earlier draft of this article.
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Online Access: Fulltext
Database: Social Sciences Citation Index
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