Search, Bargaining, Money and Prices: Recent Results and Policy Implications
综述了将讨价还价理论引入货币搜寻模型的最新成果，用于内生决定货币购买力，并分析了货币与产出、流通速度、福利等真实变量的关系，以及货币供给随机性对货币政策的影响。
Recently, the search-theoretic approach to monetary economics has been generalized to incorporate bilateral bargaining theory in order to determine the purchasing power of money endogenously (the first-generation of models in this literature essentially assume that prices are fixed exogenously). The authors review these results. They then use the model to address a variety of issues in monetary economics. The authors analyze the relationships between monetary and real variables, including velocity, output, and welfare. They also discuss several aspects of monetary policy, including the effects of randomness in the money supply process. Copyright 1993 by Ohio State University Press.