Dynamics of Market Power in Monetary Economies

This paper studies the dynamic interplay between monetary policy and market power in a decentralized monetary economy. Building on Choi and Rocheteau (2024), its key innovation is to model rent seeking as a process that takes time, allowing market power to evolve gradually.

Authors

Publication Details

Journal
Federal Reserve Bank of Dallas, Working Papers
Published
2025-01-01
DOI
https://doi.org/10.24149/wp2501
Primary Topic
Global Financial Crisis and Policies
Type
article
Field-Weighted Citation Impact
0.00
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article

Dynamics of Market Power in Monetary Economies

Lucie Lebeau, Jyotsana Kala
Federal Reserve Bank of Dallas, Working Papers
Global Financial Crisis and Policies
article

Dynamics of Market Power in Monetary Economies

Lucie Lebeau, Jyotsana Kala
article en

Abstract

This paper studies the dynamic interplay between monetary policy and market power in a decentralized monetary economy. Building on Choi and Rocheteau (2024), its key innovation is to model rent seeking as a process that takes time, allowing market power to evolve gradually.

Federal Reserve Bank of Dallas, Working PapersVol. 2025(2501)
Decent work and economic growth
Openalex Percentile: Top 99%
Global Financial Crisis and Policies
DOISourceOpenAlex
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Dynamics of Market Power in Monetary Economies — Lucie Lebeau, Jyotsana Kala · Federal Reserve Bank of Dallas, Working Papers (2025) | TGRS Research Map | TGRS