@TechReport{iza:izadps:dp2194,
            	author={Lehmann, Etienne},
            	title={A Search Model of Unemployment and Inflation},
            	year={2006},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2194},
            	url={https://www.iza.org/publications/dp2194},
	abstract={In this paper, I introduce money in the standard labor-matching model (Mortensen and Pissarides 1999, Pissarides 2000). A double coincidence problem makes Fiat Money necessary as a medium of exchange. In the long-run, a rise in the rate of money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal monetary growth rate decreases with the workers’ bargaining power, the level of unemployment benefits and the payroll tax rate.},
	keywords={search-matching;unemployment;Friedman rule;inflation},
            }