On the distribution of money holdings in a random-matching model

被引：14

作者：

Berentsen, A ^{[1
]}

机构：

[1] Univ Basel, CH-4003 Basel, Switzerland

来源：

INTERNATIONAL ECONOMIC REVIEW | 2002年 / 43卷 / 03期

关键词：

D O I：

10.1111/1468-2354.t01-1-00042

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article studies stationary and nonstationary distributions of money holdings in a random-matching model. The first part characterizes the stationary distributions of money holdings and derives the optimum quantity of money. The second part considers nonstationary distributions of the optimum quantity of money to show that if the production costs are not too large, any distribution of the optimum quantity of money converges asymptotically to the uniform distribution.

引用

页码：945 / 954

页数：10

共 20 条

[1]

[Anonymous], 1969, OPTIMUM QUANTITY MON

[2] Money inventories in search equilibrium [J].