Jyotsana Kala

Jan 7, 2025 | dallasfed.org | Jyotsana Kala |Lucie Lebeau |Lu Wang

Research Department Working Papers No. 2501 Abstract: We study the dynamic interplay between monetary policy and market power in a decentralized monetary economy. Building on Choi and Rocheteau (2024), our key innovation is to model rent seeking as a process that takes time, allowing market power to evolve gradually.

Nov 21, 2024 | hoover.org | David Neumark |Jyotsana Kala

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Nov 14, 2024 | nber.org | David Neumark |Jyotsana Kala

This research was partially supported by the International Center for Law & Economics. We are grateful to Daniel Firoozi for research assistance, and to seminar participants at CESifo for helpful comments. Any views expressed are our own. Neumark is also a Visiting Fellow at the Hoover Institution, and a research associate of the NBER, CESifo, and IZA. Kala is a Ph.D. candidate at UCI.