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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 李怡庭(Yiting Li) | |
| dc.contributor.author | Ryan Tierney | en |
| dc.contributor.author | 鐵欽南 | zh_TW |
| dc.date.accessioned | 2021-06-15T00:26:34Z | - |
| dc.date.available | 2009-02-09 | |
| dc.date.copyright | 2009-02-09 | |
| dc.date.issued | 2009 | |
| dc.date.submitted | 2009-01-22 | |
| dc.identifier.citation | REFERENCES
Diamond, P. A. (1982). 'Aggregate Demand Management in Search Equilibrium.' The Journal of Political Economy 90(5): 881-894. Hosios, A. J. (1990). 'On the Efficiency of Matching and Related Models of Search and Unemployment.' The Review of Economic Studies 57(2): 279-298. Kiyotaki, N. and R. Wright (1989). 'On Money as a Medium of Exchange.' The Journal of Political Economy 97(4): 927-954. Lagos, R. and G. Rocheteau (2005). 'Inflation, Output, and Welfare.' International Economic Review 46(2): 495-522. Lagos, R. and R. Wright (2005). 'A Unified Framework for Monetary Theory and Policy Analysis.' The Journal of Political Economy 113(3): 463-484. Laing, D., V. E. Li, et al. (2003). 'Inflation and Productive Activity with Trade Frictions: A Multiple Matching Model of Demand for Money by Firms and Households.' Laing, D., V. E. Li, et al. (2007). 'Inflation and productive activity in a multiple-matching model of money.' Journal of Monetary Economics 54(7): 1949-1961. Li, V. E. (1997). 'The Efficiency of Monetary Exchange in Search Equilibrium.' Journal of Money, Credit and Banking 29(1): 61-72. Lucas, R. E., Jr. (2000). 'Inflation and Welfare.' Econometrica 68(2): 247-274. Rocheteau, G. and R. Wright (2005). 'Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium.' Econometrica 73(1): 175-202. Shi, S. (1999). 'Search, inflation and capital accumulation.' Journal of Monetary Economics 44(1): 81-103. Tobin, J. (1965). 'Money and Economic Growth.' Econometrica 33(4): 671-684. Trejos, A. and R. Wright (1995). 'Search, Bargaining, Money, and Prices.' The Journal of Political Economy 103(1): 118-141. Williamson, S. D. (2006). 'Search, Limited Participation and Monetary Policy.' International Economic Review 47(1): 107-128. | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/41662 | - |
| dc.description.abstract | I study an economy based on Lagos and Wright (2005) where agents can modulate the probability with which they are successfully matched to a trade. A market traded search good is specified which is the input for the matching
function and increases the probability of a successful match. By studying a version where search goods are exogenously endowed to agents, the model shows that the Friedman rule is optimal and search goods and money are complimentary. When the production of search goods is endogenized and when bargaining power is split among buyers and sellers there are certain values of inflation for which aggregate production is increasing in inflation. This is due not to a money-search tradeoff, as the demand for search goods and money always move together, but to the search externality which implies that inflation has different impacts on buyers and sellers. In some cases, the benefit of selling outweighs the cost of holding money and thus causes the demand for both money and search goods to rise. The welfare curve is thus non-monotonic. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-15T00:26:34Z (GMT). No. of bitstreams: 1 ntu-98-R95323042-1.pdf: 15317768 bytes, checksum: 0923ab94911f59928da67e5e81363549 (MD5) Previous issue date: 2009 | en |
| dc.description.tableofcontents | CONTENTS
1 Introduction 5 1.1 Literature Review................................................................................8 2 The Basic Model 12 2.1 The Environment .............................................................................12 2.2 Individual Maximization ..................................................................15 2.3 Equilibrium and Steady State ..........................................................22 2.4 Comparative Statics ..........................................................................24 3 Endogenous Production of search Goods 26 3.1 Individual Maximization ..................................................................27 3.2 Market Clearing.................................................................................29 3.3 Defining Equilibrium and Welfare..................................................29 3.4 Inflation and Welfare........................................................................30 4 Conclusion 35 5 Appendix 37 5.1 The slope of z with respect to θ .....................................................37 5.2 Concavity of the individual’s objective ..........................................38 5.3 Slope of the welfare function..........................................................39 5.4 Steady state comparative statics in the second model ..................39 5.5 Derive inequality (8.12) ...................................................................40 5.6 Ensuring a slack labor constraint....................................................41 References 42 | |
| dc.language.iso | en | |
| dc.title | 內生搜尋與通貨膨脹之福利效果 | zh_TW |
| dc.title | Endogenous Search, Inflation, and Welfare | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 97-1 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 陳南光,潘萬祥 | |
| dc.subject.keyword | 內生搜尋,貨幣,通膨, | zh_TW |
| dc.subject.keyword | endogenous search,money,bargaining,inflation, | en |
| dc.relation.page | 42 | |
| dc.rights.note | 有償授權 | |
| dc.date.accepted | 2009-01-22 | |
| dc.contributor.author-college | 社會科學院 | zh_TW |
| dc.contributor.author-dept | 經濟學研究所 | zh_TW |
| 顯示於系所單位： | 經濟學系 | |
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