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An Estimated Search-Based Monetary DSGE Model with Liquid Capital.” Available at http://www.boraganaruoba.com

By Frank Schorfheide

Abstract

In this note we extend the search-based monetary DSGE model studied in Aruoba and Schorfheide (2010) and introduce liquid capital claims. More specifically, buyers in the decentralized market can use a fraction of their capital stock holdings in addition to mone

Year: 2010
OAI identifier: oai:CiteSeerX.psu:10.1.1.414.2162
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