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dc.contributor.authorBecker, Saschaen_US
dc.contributor.authorNautz, Dieteren_US
dc.date.accessioned2010-04-15en_US
dc.date.accessioned2010-04-30T12:10:32Z-
dc.date.available2010-04-30T12:10:32Z-
dc.date.issued2010en_US
dc.identifier.isbn978-3-941240-14-8en_US
dc.identifier.urihttp://hdl.handle.net/10419/30317-
dc.description.abstractRecent monetary search models emphasize that the real effects of inflation via its impact on price dispersion depend on the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation-price dispersion nexus is predicted to be asymmetrically V-shaped which implies an optimal inflation rate above zero. For highly integrated markets, however, theory suggests that the impact of inflation on price dispersion disappears. Employing price data of the European Union member states, this paper is the first that empirically tests these implications of monetary search theory.en_US
dc.language.isoengen_US
dc.publisherFreie Univ., Fachbereich Wirtschaftswiss. Berlinen_US
dc.relation.ispartofseriesSchool of Business & Economics Discussion Paper 2010/2en_US
dc.subject.jelE31en_US
dc.subject.jelC23en_US
dc.subject.ddc330en_US
dc.subject.keywordInflationen_US
dc.subject.keywordRelative price variabilityen_US
dc.subject.keywordMonetary search modelsen_US
dc.subject.keywordEuropean market integrationen_US
dc.subject.stwInflationen_US
dc.subject.stwPreisspanneen_US
dc.subject.stwRelativer Preisen_US
dc.subject.stwMarktintegrationen_US
dc.subject.stwGeldtheorieen_US
dc.subject.stwSuchtheorieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Binnenmarkten_US
dc.subject.stwEU-Staatenen_US
dc.titleInflation, price dispersion and market integration through the lens of a monetary search modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn623743485en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:fubsbe:20102-
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