Andolfatto, David - Federal Reserve Bank of St. Louis - 2009
I examine optimal monetary policy in a Lagos and Wright [A unified framework for monetary theory and policy analysis, J … unified framework
for monetary theory and policy analysis, J. Polit. Econ. 113 (2005) 463—484] model
where trade is … contemporaeneous monetary theory literature. The framework models
individuals exposed to idiosyncratic risk generated by the random …