Inflation and productive activity in a multiple-matching model of money.

This paper investigates the relationship between money growth, inflation, and productive activity in a dynamic general-equilibrium, multiple-matching framework where trade frictions are manifested by limited consumption variety. Productive activity and matching in the goods market are endogenized by...

Full description

Bibliographic Details
Main Authors: Laing, Derek., Li, Victor., Wang, Ping.
Format: Villanova Faculty Authorship
Language:English
Published: 2006
Online Access:http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:178043
id vudl:178043
record_format vudl
institution Villanova University
collection Digital Library
modeltype_str_mv vudl-system:CoreModel
vudl-system:ResourceCollection
vudl-system:CollectionModel
datastream_str_mv AUDIT
PROCESS-MD
PARENT-LIST
PARENT-LIST-RAW
MEMBER-QUERY
LICENSE
LEGACY-METS
AGENTS
DC
MEMBER-LIST-RAW
STRUCTMAP
THUMBNAIL
RELS-EXT
PARENT-QUERY
hierarchytype
hierarchy_all_parents_str_mv vudl:178030
vudl:172968
vudl:641262
vudl:3
vudl:1
sequence_vudl_178030_str 0000000005
hierarchy_top_id vudl:641262
hierarchy_top_title Villanova Faculty Publications
fedora_parent_id_str_mv vudl:178030
hierarchy_first_parent_id_str vudl:178043
hierarchy_parent_id vudl:178030
hierarchy_parent_title Li Victor
hierarchy_sequence_sort_str 0000000005
hierarchy_sequence 0000000005
spelling Inflation and productive activity in a multiple-matching model of money.
Laing, Derek.
Li, Victor.
Wang, Ping.
This paper investigates the relationship between money growth, inflation, and productive activity in a dynamic general-equilibrium, multiple-matching framework where trade frictions are manifested by limited consumption variety. Productive activity and matching in the goods market are endogenized by a time allocation decision of work and search effort. We find that a high degree of complementarity between participation in the labor and goods markets creates a channel by which inflation can positively influence production and output. This feature arises when household preferences for consumption variety is sufficiently large and it can also lead to the multiplicity of monetary equilibria.
2006
Villanova Faculty Authorship
vudl:178043
Journal of Monetary Economics 54, 2007, 1949-1961.
en
dc.title_txt_mv Inflation and productive activity in a multiple-matching model of money.
dc.creator_txt_mv Laing, Derek.
Li, Victor.
Wang, Ping.
dc.description_txt_mv This paper investigates the relationship between money growth, inflation, and productive activity in a dynamic general-equilibrium, multiple-matching framework where trade frictions are manifested by limited consumption variety. Productive activity and matching in the goods market are endogenized by a time allocation decision of work and search effort. We find that a high degree of complementarity between participation in the labor and goods markets creates a channel by which inflation can positively influence production and output. This feature arises when household preferences for consumption variety is sufficiently large and it can also lead to the multiplicity of monetary equilibria.
dc.date_txt_mv 2006
dc.format_txt_mv Villanova Faculty Authorship
dc.identifier_txt_mv vudl:178043
dc.source_txt_mv Journal of Monetary Economics 54, 2007, 1949-1961.
dc.language_txt_mv en
author Laing, Derek.
Li, Victor.
Wang, Ping.
spellingShingle Laing, Derek.
Li, Victor.
Wang, Ping.
Inflation and productive activity in a multiple-matching model of money.
author_facet Laing, Derek.
Li, Victor.
Wang, Ping.
dc_source_str_mv Journal of Monetary Economics 54, 2007, 1949-1961.
format Villanova Faculty Authorship
author_sort Laing, Derek.
dc_date_str 2006
dc_title_str Inflation and productive activity in a multiple-matching model of money.
description This paper investigates the relationship between money growth, inflation, and productive activity in a dynamic general-equilibrium, multiple-matching framework where trade frictions are manifested by limited consumption variety. Productive activity and matching in the goods market are endogenized by a time allocation decision of work and search effort. We find that a high degree of complementarity between participation in the labor and goods markets creates a channel by which inflation can positively influence production and output. This feature arises when household preferences for consumption variety is sufficiently large and it can also lead to the multiplicity of monetary equilibria.
title Inflation and productive activity in a multiple-matching model of money.
title_full Inflation and productive activity in a multiple-matching model of money.
title_fullStr Inflation and productive activity in a multiple-matching model of money.
title_full_unstemmed Inflation and productive activity in a multiple-matching model of money.
title_short Inflation and productive activity in a multiple-matching model of money.
title_sort inflation and productive activity in a multiple-matching model of money.
publishDate 2006
normalized_sort_date 2006-01-01T00:00:00Z
language English
collection_title_sort_str inflation and productive activity in a multiple-matching model of money.
relsext.hasModel_txt_mv http://hades.library.villanova.edu:8080/rest/vudl-system:CoreModel
http://hades.library.villanova.edu:8080/rest/vudl-system:ResourceCollection
http://hades.library.villanova.edu:8080/rest/vudl-system:CollectionModel
fgs.type_txt_mv http://www.w3.org/ns/ldp#Container
http://www.w3.org/ns/ldp#Resource
http://fedora.info/definitions/v4/repository#Container
http://www.w3.org/ns/ldp#BasicContainer
http://www.w3.org/ns/ldp#RDFSource
http://fedora.info/definitions/v4/repository#Resource
fgs.lastModifiedBy_txt_mv fedoraAdmin
fgs.state_txt_mv Active
fgs.createdBy_txt_mv fedoraAdmin
fgs.ownerId_txt_mv diglibEditor
relsext.hasLegacyURL_txt_mv http://digital.library.villanova.edu/Villanova%20Digital%20Collection/Faculty%20Fulltext/Li%20Victor/LiVictor-2015a86c-39c4-4887-a44d-1f6cfebf507f.xml
relsext.sortOn_txt_mv title
fgs.label_txt_mv Inflation and productive activity in a multiple-matching model of money.
fgs.createdDate_txt_mv 2013-01-22T07:00:43.031Z
fgs.lastModifiedDate_txt_mv 2021-04-12T19:12:59.537Z
relsext.sequence_txt_mv vudl:178030#5
relsext.isMemberOf_txt_mv http://hades.library.villanova.edu:8080/rest/vudl:178030
relsext.itemID_txt_mv oai:digital.library.villanova.edu:vudl:178043
has_order_str no
agent.name_txt_mv Falvey Memorial Library, Villanova University
klk
license.mdRef_str http://digital.library.villanova.edu/copyright.html
license_str protected
has_thumbnail_str true
THUMBNAIL_contentDigest_digest_str 203c69e18f4f46c81e9892448d2c07cd
first_indexed 2014-01-11T23:12:13Z
last_indexed 2021-04-12T19:48:37Z
_version_ 1785892981026324480
subpages