Markets with Frictions.
- Resource Type
- Theses
- Authors
- Gong, Grace Xun
- Source
- Dissertation Abstracts International; Dissertation Abstract International; 79-11A(E).
- Subject
- Economics
- Language
- English
Summary: Chapter 4: This chapter studies long-run effect of inflation on employment and investment in a new monetarist model with a frictional labor market, and a frictional goods market with different market structures. Higher inflation leads to higher