Inflation, inequality, and welfare in a competitive search model

We study long-run inflation in a competitive-search model with heterogeneous agents. Under competitive search, individuals’ matching-probability (extensive) margins trade off against quantity (intensive) margins. With money and unfettered market participation, these trade-offs depend on inflation an...

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Bibliographic Details
Published in:Macroeconomic dynamics 2025-05, Vol.29, Article e110
Main Authors: Kam, Timothy, Kao, Tina, Lee, Junsang
Format: Article
Language:English
Subjects:
Competition
Consumption
Equilibrium
Inequality
Inflation rates
Liquidity
Probability
Citations: Items that this one cites
Online Access:Get full text
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