@article{7f39c15a42db41c98fcc118cbccc0037,
title = "On the optimality of the Friedman rule in a New Monetarist model",
abstract = "We study a monetary model in which buyers choose search intensity and prices are considered as given in a decentralized market. We indicate that the Friedman rule may not be optimal.",
keywords = "Friedman rule, Monetary policy, Search",
author = "Ryoji Hiraguchi and Keiichiro Kobayashi",
note = "Copyright: Copyright 2014 Elsevier B.V., All rights reserved.",
year = "2014",
month = oct,
doi = "10.1016/j.econlet.2014.08.002",
language = "English",
volume = "125",
pages = "57--60",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",
}