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The views expressed here are the authors' and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Any remaining errors are the authors' responsibility. Abstract: This paper investigates the relationship between money growth, inflation, and productive activity in a general equilibrium model of search. The use of a(More)
A common cause of snoring is palatal flutter which occurs when turbulent air flow causes the flexible soft palate to flutter. Surgical correction involves either removal of the soft palate or a reduction in its flexibility. Laser pharyngoplasty is a new surgical procedure designed to stiffen the soft palate. It presents a unique combination of problems for(More)
and Penn State. The views expressed here are those of the authors and not necessarily those of the Federal Reserve Banks of Atlanta or Dallas or the Federal Reserve System. Any remaining errors are the authors= responsibility. Abstract: Existing theories that emphasize the significance of financial intermediation for economic development have not addressed(More)
What happens when liquidity increases in credit markets? We examine this question in a general equilibrium search model where borrowers (firms) and lenders (households) are matched randomly or assortively and where the composition of borrowers adjusts to satisfy equilibrium entry conditions. We find that liquidity enhances entry by all borrowers and tends(More)
STUDY OBJECTIVE To describe a new technique for vocal cord biopsy involving placement of a laryngeal mask airway (LMA) during general anesthesia and fiberoptic guided biopsy. To report our early experience with this technique. DESIGN Descriptive study. SETTING Teaching hospital. PATIENTS 10 patients undergoing vocal cord biopsy for minor laryngeal(More)
The views expressed here are the authors' and not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Any remaining errors are the authors' responsibility. Abstract: What happens when liquidity increases in credit markets and more funds are channeled from borrowers to lenders? We examine this question in a general(More)
We examine a search money model in which there is a symmetric coincidence of wants in all barter matches. However, when bargaining outcomes are asymmetric across matches, the barter economy is inefficient. Then a robust monetary equilibrium exists provided that money holders enjoy adequate bargaining terms. Fiat money may be welfare improving. In contrast(More)