This essay surveys the new monetarist approach to liquidity. Work in this literature strives for
empirical and policy relevance, plus rigorous foundations. Questions include: What is …

A new edition of a book presenting a unified framework for studying the role of money and
liquid assets in the economy, revised and updated. In Money, Payments, and Liquidity …

This chapter provides an overview of recent models of heterogeneous expectations in
macroeconomics. We begin with a description of household behavior in an environment with …

We develop a random-matching model to study the price dynamics of monies produced
privately according to a time-consuming mining technology. For our leading example, there …

House prices and unemployment: an empirical analysis of causality | Emerald Insight Books
and journals Case studies Expert Briefings Open Access Publish with us Advanced search …

Reducing unemployment rate to reach 5% is one of the most important priorities in Egypt's
Strategy for Sustainable Development. So, enhancing the finance of medium and small …

We develop a search-theory of asset liquidity which gives rise to endogenous financing
constraints on investment in an otherwise standard dynamic general equilibrium model …

We study asset liquidity in a model where financial assets can be liquidated for money in
over-the-counter (OTC) secondary markets, in response to random liquidity needs. Traders …

We study how the strategic interaction of liquid-asset suppliers depends on the financial
market conditions that determine asset liquidity. In our model, two asset suppliers try to profit …

While rational expectations (RE) remains the benchmark paradigm in macroeconomic
modeling, bounded rationality, especially in the form of adaptive learning, has become a …