I was wondering if there is interest in replication or even a lecture on “The Distribution of Money and Prices in Search Equilibrium” by Miguel Molico (2006)? This is the first work that solves for the endogenous distribution of money and prices under the search model of monetary exchange and analyzes its consequences for inflation. The output and welfare effects of inflation depend crucially on how it is administered in terms of proportional vs. lump-sum transfers and its level.
This application is perfectly suitable for QuantEcon and is somewhat more challenging to solve than Aiyagari (1994) because individuals’ decision to hold money balances depends on the wealth distribution of their potential trading partners.
I can hopefully do the replication myself eventually, but it seems plausible that at least one existing user would have done it by now.