Given the renewed interest in negative interest rates on base money—or equivalently 'taxing
money'—as a means for overcoming the zero bound on short-term nominal interest rates …

Two experts in monetary policy offer a unified framework for studying the role of money and
liquid assets in the economy. In Money, Payments, and Liquidity, Ed Nosal and Guillaume …

We study price posting with undirected search in a search-theoretic monetary model with
divisible money and divisible goods. Ex ante homogeneous buyers experience match …

A periodic VGesell TaxV on money holdings as a way to overcome the zero% lower% bound
on nominal interest rates is studied in a framework where money is essential. For this …

This paper reconsiders the welfare costs of inflation and the welfare gains from financial
intermediation in a heterogeneous-agent economy where money is held as a store of value …

A periodic" Gesell Tax" on money holdings as a way to overcome the zero-lower-bound on
nominal interest rates is studied in a framework where money is essential. For this purpose, I …