Details about Ed Nosal

Phone:	3125054159
Workplace:	Economic Research Department, Federal Reserve Bank of Atlanta, (more information at EDIRC)

Access statistics for papers by Ed Nosal.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pno219

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Working Papers

2023

1. Diamond-Dybvig and Beyond: On the Instability of Banking
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (4)
2. Monetary Policy Implementation with Ample Reserves
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2020

3. Monetary Policy Implementation With an Ample Supply of Reserves
   Working Paper Series, Federal Reserve Bank of Chicago View citations (4)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) View citations (5)
   Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (3)
   Staff Reports, Federal Reserve Bank of New York (2020) View citations (6)
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020) View citations (4)
4. On the instability of banking and other financial intermediation
   BIS Working Papers, Bank for International Settlements
   Also in Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft (2019) View citations (6)
   Working Papers, Swiss National Bank, Study Center Gerzensee (2019) View citations (6)
5. Shadow Bank Runs
   Working Papers, Federal Reserve Bank of St. Louis
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020)

2019

6. Intermediation in Markets for Goods and Markets for Assets
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (8)
   See also Journal Article Intermediation in markets for goods and markets for assets, Journal of Economic Theory, Elsevier (2019) View citations (10) (2019)
7. On the Instability of Banking and Financial Intermediation
   Working Papers, Department of Economics, University of Missouri View citations (6)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (7)

2018

8. Bank Runs without Sequential Service
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
   Also in Working Papers, Federal Reserve Bank of St. Louis (2018)
9. Can the U.S. Interbank Market Be Revived?
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2018) View citations (3)

2017

10. Bank Panics and Scale Economies
    Working Papers, Federal Reserve Bank of St. Louis

2015

11. Segregated balance accounts
    Staff Reports, Federal Reserve Bank of New York View citations (8)

2014

12. Equilibrium Bank Runs Revisied
    2014 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Federal Reserve Bank of St. Louis (2014) View citations (18)
13. More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets
    Working Paper Series, Federal Reserve Bank of Chicago View citations (5)
    See also Journal Article More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (19) (2015)
14. Preventing Bank Runs
    Working Paper Series, Federal Reserve Bank of Chicago View citations (10)
    See also Journal Article Preventing bank runs, Theoretical Economics, Econometric Society (2017) View citations (27) (2017)
15. Private Takings
    Working Paper Series, Federal Reserve Bank of Chicago View citations (3)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2007) View citations (6)
    See also Journal Article Private takings, Journal of Public Economic Theory, Association for Public Economic Theory (2017) (2017)

2013

16. An Interview with Neil Wallace
    Working Paper Series, Federal Reserve Bank of Chicago
    See also Journal Article AN INTERVIEW WITH NEIL WALLACE, Macroeconomic Dynamics, Cambridge University Press (2017) (2017)
17. Gambling for Dollars: Strategic Hedge Fund Manager Investment
    Working Paper Series, Federal Reserve Bank of Chicago

2012

18. Repos, fire sales, and bankruptcy policy
    Working Paper Series, Federal Reserve Bank of Chicago View citations (9)
    See also Journal Article Repos, Fire Sales, and Bankruptcy Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (18) (2015)

2011

19. Cash-in-the-Market Pricing in a Model with Money and Over-the-Counter Financial Markets
    Working Paper Series, Federal Reserve Bank of Chicago View citations (2)

2010

20. Introduction to the macroeconomic dynamics: special issues on money, credit, and liquidity
    Working Paper Series, Federal Reserve Bank of Chicago View citations (1)
    See also Journal Article INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUES ON MONEY, CREDIT, AND LIQUIDITY, Macroeconomic Dynamics, Cambridge University Press (2011) (2011)
21. Summer workshop on money, banking, payments and finance: an overview
    Working Paper Series, Federal Reserve Bank of Chicago

2008

22. Pairwise Trade, Asset Prices and Monetary Policy
    2008 Meeting Papers, Society for Economic Dynamics View citations (3)
    See also Journal Article Pairwise trade, asset prices, and monetary policy, Journal of Economic Dynamics and Control, Elsevier (2013) View citations (26) (2013)

2007

23. Counterfeiting as Private Money in Mechanism Design
    2007 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2007) View citations (5)
    See also Journal Article Counterfeiting as Private Money in Mechanism Design, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (13) (2011)
24. Limited liability and the development of capital markets
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
25. Moral Hazard in the Diamond-Dybvig Model of Banking
    2007 Meeting Papers, Society for Economic Dynamics
    Also in MPRA Paper, University Library of Munich, Germany (2006)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2006)

2006

26. The role of independence in the Green-Lin Diamond-Dybvig model
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article The role of independence in the Green-Lin Diamond-Dybvig model, Journal of Economic Theory, Elsevier (2007) View citations (57) (2007)

2005

27. On the recognizability of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
28. Some benefits of cyclical monetary policy
    FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE), EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) View citations (10)
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (1)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2005) View citations (13)
    See also Journal Article Some benefits of cyclical monetary policy, Economic Theory, Springer (2009) View citations (20) (2009)

2004

29. A model of (the threat of) counterfeiting
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article A model of (the threat of) counterfeiting, Journal of Monetary Economics, Elsevier (2007) View citations (52) (2007)
30. Loggers vs. campers: compensation for the taking of property rights
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (4)

2003

31. A Theory of Money and Banking
    Macroeconomics, University Library of Munich, Germany View citations (13)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2003) View citations (8)
32. How amenities affect job and wage choices over the life cycle
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    See also Journal Article How Amenities Affect Job and Wage Choices Over the Life Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2007) View citations (9) (2007)
33. Information gathering by a principal
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Journal Article INFORMATION GATHERING BY A PRINCIPAL, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2006) View citations (14) (2006)
34. Nearsighted justice
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)

2002

35. Life cycle wage and job changes
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)

2001

36. A strategic approach to hedging and contracting
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    See also Journal Article A strategic approach to hedging and contracting, International Journal of Industrial Organization, Elsevier (2003) View citations (1) (2003)

1996

37. Contract renegotiation in a Continuous State Space
    Working Papers, University of Waterloo, Department of Economics
    See also Journal Article Contract renegotiation in a continuous state space, Economic Theory, Springer (1997) View citations (1) (1997)
38. Optimal At-Will Contracts
    Working Papers, University of Waterloo, Department of Economics

1991

39. A note on labor contracts with private information and household production
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
40. Bargaining Under Pure Uncertainty
    Working Papers, University of Guelph, Department of Economics and Finance

1990

41. Unrestricted Bargaining Under One-sided Asymmetric Information
    Working Papers, University of Guelph, Department of Economics and Finance View citations (1)

Journal Articles

2020

1. How Did the Fed Funds Market Change When Excess Reserves Were Abundant?
   Economic Policy Review, 2020, 26, (1), 15

2019

2. Intermediation in markets for goods and markets for assets
   Journal of Economic Theory, 2019, 183, (C), 876-906 View citations (10)
   See also Working Paper Intermediation in Markets for Goods and Markets for Assets, FRB Atlanta Working Paper (2019) View citations (8) (2019)

2017

3. AN INTERVIEW WITH NEIL WALLACE
   Macroeconomic Dynamics, 2017, 21, (7), 1790-1810
   See also Working Paper An Interview with Neil Wallace, Working Paper Series (2013) (2013)
4. Preventing bank runs
   Theoretical Economics, 2017, 12, (3) View citations (27)
   See also Working Paper Preventing Bank Runs, Working Paper Series (2014) View citations (10) (2014)
5. Private takings
   Journal of Public Economic Theory, 2017, 19, (3), 639-657
   See also Working Paper Private Takings, Working Paper Series (2014) View citations (3) (2014)

2016

6. Liquidity and asset prices in a monetary model with OTC asset markets
   Journal of Economic Theory, 2016, 164, (C), 187-217 View citations (32)

2015

7. More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets
   Journal of Money, Credit and Banking, 2015, 47, (S2), 7-37 View citations (19)
   See also Working Paper More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets, Working Paper Series (2014) View citations (5) (2014)
8. Repos, Fire Sales, and Bankruptcy Policy
   Review of Economic Dynamics, 2015, 18, (1), 21-31 View citations (18)
   See also Working Paper Repos, fire sales, and bankruptcy policy, Working Paper Series (2012) View citations (9) (2012)

2013

9. Pairwise trade, asset prices, and monetary policy
   Journal of Economic Dynamics and Control, 2013, 37, (1), 1-17 View citations (26)
   See also Working Paper Pairwise Trade, Asset Prices and Monetary Policy, 2008 Meeting Papers (2008) View citations (3) (2008)

2011

10. Clearing over-the-counter derivatives
    Economic Perspectives, 2011, 35, (Q IV), 137-145 View citations (3)
11. Counterfeiting as Private Money in Mechanism Design
    Journal of Money, Credit and Banking, 2011, 43, 625-636 View citations (13)
    Also in Journal of Money, Credit and Banking, 2011, 43, (s2), 625-636 (2011) View citations (6)
    See also Working Paper Counterfeiting as Private Money in Mechanism Design, 2007 Meeting Papers (2007) View citations (2) (2007)
12. INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUES ON MONEY, CREDIT, AND LIQUIDITY
    Macroeconomic Dynamics, 2011, 15, (S1), 1-9
    See also Working Paper Introduction to the macroeconomic dynamics: special issues on money, credit, and liquidity, Working Paper Series (2010) View citations (1) (2010)
13. Payment Systems
    Annual Review of Financial Economics, 2011, 3, (1), 259-287 View citations (2)
14. SEARCH, WELFARE, AND THE “HOT POTATO” EFFECT OF INFLATION
    Macroeconomic Dynamics, 2011, 15, (S2), 313-326 View citations (13)

2010

15. What is clearing and why is it important?
    Chicago Fed Letter, 2010, (Sep) View citations (5)

2009

16. Money, intermediation, and banking
    Journal of Monetary Economics, 2009, 56, (3), 289-294 View citations (10)
17. Some benefits of cyclical monetary policy
    Economic Theory, 2009, 39, (2), 195-216 View citations (20)
    See also Working Paper Some benefits of cyclical monetary policy, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) (2005) View citations (10) (2005)

2008

18. Bank incentives, contract design and bank runs
    Journal of Economic Theory, 2008, 142, (1), 28-47 View citations (21)

2007

19. A model of (the threat of) counterfeiting
    Journal of Monetary Economics, 2007, 54, (4), 994-1001 View citations (52)
    See also Working Paper A model of (the threat of) counterfeiting, Working Papers (Old Series) (2004) View citations (3) (2004)
20. How Amenities Affect Job and Wage Choices Over the Life Cycle
    Review of Economic Dynamics, 2007, 10, (3), 424-443 View citations (9)
    See also Working Paper How amenities affect job and wage choices over the life cycle, Working Papers (Old Series) (2003) View citations (2) (2003)
21. The 2006 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2007, (Apr)
22. The 2007 Summer Workshop on Money, Banking and Payments: an overview
    Policy Discussion Papers, 2007, (Dec)
23. The role of independence in the Green-Lin Diamond-Dybvig model
    Journal of Economic Theory, 2007, 137, (1), 709-715 View citations (57)
    See also Working Paper The role of independence in the Green-Lin Diamond-Dybvig model, Working Papers (Old Series) (2006) View citations (3) (2006)

2006

24. INFORMATION GATHERING BY A PRINCIPAL
    International Economic Review, 2006, 47, (4), 1093-1111 View citations (14)
    See also Working Paper Information gathering by a principal, Working Papers (Old Series) (2003) (2003)
25. Optimal deposit contracts: do-it-yourself bank-run prevention for banks
    Economic Commentary, 2006, (Jan)
26. The 2005 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2006, (Mar)
27. The economics of payments
    Policy Discussion Papers, 2006, (Feb) View citations (9)

2005

28. Recent developments in monetary economics: a summary of the 2004 Workshop on Money, Banking, and Payments
    Policy Discussion Papers, 2005, (Jan)
29. The tale of Gresham's law
    Economic Commentary, 2005, (Oct) View citations (2)

2004

30. Arbitrage: the key to pricing options
    Economic Commentary, 2004, (Jan) View citations (1)

2003

31. A strategic approach to hedging and contracting
    International Journal of Industrial Organization, 2003, 21, (3), 399-417 View citations (1)
    See also Working Paper A strategic approach to hedging and contracting, Working Papers (Old Series) (2001) View citations (2) (2001)

2002

32. A beautiful theory
    Economic Commentary, 2002, (Apr)
33. Infrastructure and the wealth of nations
    Economic Commentary, 2002, (Jan)
34. Why haven't long-term interest rates fallen?
    Economic Commentary, 2002, (Jan)

2001

35. A simple model of money and banking
    Economic Review, 2001, (Q III), 20-28 View citations (8)
36. How well does the federal funds futures rate predict the future federal funds rate?
    Economic Commentary, 2001, (Oct) View citations (5)
37. Optimal At‐will Labour Contracts
    Economica, 2001, 68, (270), 187-201 View citations (1)
38. The taking of land: market value compensation should be paid
    Journal of Public Economics, 2001, 82, (3), 431-443 View citations (30)

1998

39. Financial Distress and Underemployment
    The Review of Economic Studies, 1998, 65, (4), 817-845 View citations (5)

1997

40. Contract renegotiation in a continuous state space
    Economic Theory, 1997, 10, (3), 413-435 View citations (1)
    See also Working Paper Contract renegotiation in a Continuous State Space, Working Papers (1996) (1996)
41. Optimal Team Contracts
    Canadian Journal of Economics, 1997, 30, (2), 385-96 View citations (14)

1996

42. Bargaining under Uncertainty and the Monotone Path Solutions
    Games and Economic Behavior, 1996, 14, (2), 173-189 View citations (9)

1992

43. Discussion of “Voluntary financial disclosure in an entry game with continua of types†*
    Contemporary Accounting Research, 1992, 9, (1), 81-85
44. Renegotiating Incomplete Contracts
    RAND Journal of Economics, 1992, 23, (1), 20-28 View citations (2)
45. The Role of Household Production in Models of Involuntary Unemployment and Underemployment
    Canadian Journal of Economics, 1992, 25, (3), 507-20 View citations (11)

1990

46. Wage Smoothing as a Signal of Quality
    Canadian Journal of Economics, 1990, 23, (1), 159-74 View citations (1)

Books

2011

1. Money, Payments, and Liquidity, vol 1
   MIT Press Books, The MIT Press View citations (164)

Edited books

2015

1. Monetary Policy in Low-Inflation Economies
   Cambridge Books, Cambridge University Press

2009

2. Monetary Policy in Low-Inflation Economies
   Cambridge Books, Cambridge University Press View citations (22)