Details about Randall Wright

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Workplace:	Department of Economics, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Randall Wright.

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Working Papers

2008

1. Inflation and Unemployment in the Long Run
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Labor Market Fluctuations in the Small and in the Large
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2006

3. A Model of Money and Credit, with Application to the Credit Card Debt Puzzle
   2006 Meeting Papers, Society for Economic Dynamics View citations
4. Equilibrium Wage Dispersion: An Example
   IMF Working Papers, International Monetary Fund
   Also in
   2006 Meeting Papers, Society for Economic Dynamics (2006)
   See Also Journal Article in Topics in Macroeconomics (2006)
5. General Equilibrium with NonConvexities, Sunspots and Money
   2006 Meeting Papers, Society for Economic Dynamics View citations
   Also in
   Working Paper, Federal Reserve Bank of Cleveland (2005) View citations
6. Liquidity and the Market for Ideas
   2006 Meeting Papers, Society for Economic Dynamics View citations

2005

7. Alternative Models of Wage Dispersion
   IMF Working Papers, International Monetary Fund
8. Alternative Theories of Wage Dispersion
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations
   See Also Journal Article in European Economic Review (2006)

2004

9. A unified framework for monetary theory and policy analysis
   Staff Report, Federal Reserve Bank of Minneapolis View citations
   Also in
   Working Paper, Federal Reserve Bank of Cleveland (2002) View citations
10. Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium
    Working Paper, Federal Reserve Bank of Cleveland
    Also in
    Levine's Bibliography, UCLA Department of Economics (2003) View citations
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2003) View citations
    See Also Journal Article in Econometrica (2005)
11. Search-Theoretic Models of the Labor Market-A Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Journal of Economic Literature (2005)
12. The business cycle and the life cycle
    Working Paper, Federal Reserve Bank of Cleveland View citations

2003

13. An On-the-Job Search Model of Crime, Inequality, and Unemployment
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
    See Also Journal Article in International Economic Review (2004)
14. Crime, Inequality, and Unemployment, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
15. Inflation and Welfare in Models with Trading Frictions
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations
16. Search, Money and Capital: A Neoclassical Dichotomy, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

2002

17. A simple search model of money with heterogeneous agents and partial acceptability
    Working Paper, Federal Reserve Bank of Cleveland
    See Also Journal Article in Economic Theory (2004)
18. Dynamics, cycles and sunspot equilibria in "genuinely dynamic, fundamentally disaggregative" models of money
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See Also Journal Article in Journal of Economic Theory (2003)
19. Price setting, price dispersion, and the value of money - or - The law of two prices
    Working Paper, Federal Reserve Bank of Cleveland
    See Also Journal Article in Journal of Monetary Economics (2004)
20. Search, money and capital: a neoclassical dichotomy
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See Also Journal Article in Proceedings (2003)

2000

21. Generalized search-theoretic models of monetary exchange
    Working Paper, Federal Reserve Bank of Cleveland View citations
    See Also Journal Article in Journal of Monetary Economics (2001)

1998

22. A note on purifying mixed strategy equilibria in the search-theoretic model of fiat money
    Working Papers, Federal Reserve Bank of Philadelphia
23. Pricing with frictions
    Working Papers, Federal Reserve Bank of Philadelphia View citations

1997

24. A model of commodity money, with applications to Gresham's Law and the debasement puzzle
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago
    Also in
    Staff Report, Federal Reserve Bank of Minneapolis (1997)
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    See Also Journal Article in Review of Economic Dynamics (1999)
25. A note on purifying mixed strategy equilibria in the search model of money
    Working Paper, Federal Reserve Bank of Cleveland

1996

26. Coexistence of money and interest-bearing securities
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in Journal of Monetary Economics (1996)
27. On Money as a Medium of Exchange when Goods Vary by Supply and Demand
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra
    Also in
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations

1995

28. An equilibrium model of the business cycle with household production and fiscal policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in International Economic Review (1997)
29. Toward a theory of international currency: a step further
    Working Papers, Federal Reserve Bank of Philadelphia

1994

30. Dynamic bargaining theory
    Staff Report, Federal Reserve Bank of Minneapolis View citations
31. Estimating substitution elasticities in household production models
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in Economic Theory (1995)
32. Two-sided search
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1993

33. Household Production in Real Business Cycle Thoery
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations
34. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1991

35. A discussion of Cooley and Hansen's "welfare costs of moderate inflations."
    Staff Report, Federal Reserve Bank of Minneapolis
36. A note on labor contracts with private information and household production
    Staff Report, Federal Reserve Bank of Minneapolis
37. Barter and Monetary Exchange Under Private Information
    University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations
    Also in
    Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations
    See Also Journal Article in American Economic Review (1994)
38. Homework in macroeconomics: household production and aggregate fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in Journal of Political Economy (1991)
39. Indivisibilities, lotteries, and sunspot equilibria
    Staff Report, Federal Reserve Bank of Minneapolis
    See Also Journal Article in Economic Theory (1993)
40. More on money as a medium of exchange
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in Economic Theory (1993)
41. Why is automobile insurance in Philadelphia so damn expensive?
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in
    Working Papers, Stanford - Hoover Institution (1990) View citations
    See Also Journal Article in American Economic Review (1992)

1990

42. HOMEWORK IN MACROECONOMICS I: BASIC THEORY
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
43. HOMEWORK IN MACROECONOMICS II: AGGREGATE FLUCTUATIONS
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations
44. Homework in Macoreconomics I: Basic Theory (Part I of II)
    NBER Working Papers, National Bureau of Economic Research, Inc
45. SEARCH FOR A THEORY OF MONEY
    Working papers, Wisconsin Madison - Social Systems View citations
    Also in
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations
46. Search for a Theory of Money (Now published as A Search-Theoretic Approach to Monetary Economics in The American Economic Review, vol.83, No.1, (March 1993), pp.63-77.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
47. THE ECONOMICS OF INTERNAL LABOR MARKET
    Working Papers, Stanford - Hoover Institution View citations

1989

48. A contribution to the pure theory of money
    Staff Report, Federal Reserve Bank of Minneapolis
    See Also Journal Article in Journal of Economic Theory (1991)

1988

49. FIAT MONEY IN SEARCH EQUILIBRIUM
    Working papers, Wisconsin Madison - Social Systems View citations

Undated

50. A Dynamic Equilibrium Model of Search, Bargaining, and Money
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    See Also Journal Article in Journal of Economic Theory (1998)

Journal Articles

2007

1. The 2006 Summer Workshop on Money, Banking, and Payments: an overview
   Policy Discussion Papers, 2007, (Apr)
   Also in
   Policy Discussion Papers, 2006, (Mar) (2006)

2006

2. Alternative theories of wage dispersion
   European Economic Review, 2006, 50, (4), 831-848 View citations
   See Also Working Paper (2005)
3. Equilibrium Wage Dispersion: An Example
   Topics in Macroeconomics, 2006, 6, (2), 1462-1462
   See Also Working Paper (2006)

2005

4. Commentary on "the cyclicality of hires, separations, and job-to-job transitions"
   Review, 2005, (Jul), 509-512
5. INTRODUCTION TO "MODELS OF MONETARY ECONOMIES II: THE NEXT GENERATION"
   International Economic Review, 2005, 46, (2), 305-316 View citations
   Also in
   Quarterly Review, 2005, (Oct), 2-9 (2005) View citations
6. MONEY AND BANKING IN SEARCH EQUILIBRIUM
   International Economic Review, 2005, 46, (2), 637-670 View citations
7. MONEY AS A MEDIUM OF EXCHANGE WHEN GOODS VARY BY SUPPLY AND DEMAND
   Macroeconomic Dynamics, 2005, 1, (04), 680-700
8. Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
   Econometrica, 2005, 73, (1), 175-202 View citations
   See Also Working Paper (2004)
9. Recent developments in monetary economics: a summary of the 2004 Workshop on Money, Banking, and Payments
   Policy Discussion Papers, 2005, (Jan)
10. Search-Theoretic Models of the Labor Market: A Survey
    Journal of Economic Literature, 2005, 43, (4), 959-988 View citations
    See Also Working Paper (2004)

2004

11. A simple search model of money with heterogeneous agents and partial acceptability
    Economic Theory, 2004, 24, (4), 877-885
    See Also Working Paper (2002)
12. AN ON-THE-JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT
    International Economic Review, 2004, 45, (3), 681-706
    See Also Working Paper (2003)
13. Price setting, price dispersion, and the value of money: or, the law of two prices
    Journal of Monetary Economics, 2004, 51, (8), 1599-1621 View citations
    See Also Working Paper (2002)

2003

14. Crime, Inequality, and Unemployment
    American Economic Review, 2003, 93, (5), 1764-1777 View citations
15. Directed Matching and Monetary Exchange
    Econometrica, 2003, 71, (3), 731-756 View citations
16. Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money
    Journal of Economic Theory, 2003, 109, (2), 156-171 View citations
    See Also Working Paper (2002)
17. Search, money, and capital: a neoclassical dichotomy
    Proceedings, 2003, 1085-1117 View citations
    See Also Working Paper (2002)

2002

18. Competitive Pricing and Efficiency in Search Equilibrium
    International Economic Review, 2002, 43, (1), 1-20 View citations
19. Indivisibilities, Lotteries, and Monetary Exchange
    Journal of Economic Theory, 2002, 107, (1), 70-94 View citations
20. Matching and Money
    American Economic Review, 2002, 92, (2), 67-71 View citations

2001

21. Cigarette Money
    Journal of Economic Theory, 2001, 99, (1-2), 117-142 View citations
22. Generalized search-theoretic models of monetary exchange
    Journal of Monetary Economics, 2001, 48, (3), 605-622 View citations
    See Also Working Paper (2000)
23. Pricing and Matching with Frictions
    Journal of Political Economy, 2001, 109, (5), 1060-1085 View citations

2000

24. Homework in Development Economics: Household Production and the Wealth of Nations
    Journal of Political Economy, 2000, 108, (4), 680-687 View citations
25. Homework in labor economics: Household production and intertemporal substitution
    Journal of Monetary Economics, 2000, 46, (3), 557-579 View citations
26. The search-theoretic approach to monetary economics: a primer
    Economic Review, 2000, (Q IV), 10-28 View citations

1999

27. A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
    Review of Economic Dynamics, 1999, 2, (1), 291-323 View citations
    See Also Working Paper (1997)
28. Comment on Inside and Outside Money as Alternative Media of Exchange
    Journal of Money, Credit and Banking, 1999, 31, (3), 461-68 View citations
29. Household production and development
    Economic Review, 1999, (Q III), 21-35 View citations
30. Introduction to the Special Issue on Search, Matching and Related Topics
    International Economic Review, 1999, 40, (4), 803-08
31. exposita notes: A note on asymmetric and mixed strategy equilibria in the search-theoretic model of fiat money
    Economic Theory, 1999, 14, (2), 463-471

1998

32. A Dynamic Equilibrium Model of Search, Bargaining, and Money
    Journal of Economic Theory, 1998, 78, (1), 32-54 View citations
    See Also Working Paper
33. Government Transaction Policy, Media of Exchange, and Prices
    Journal of Economic Theory, 1998, 81, (2), 290-313 View citations
34. Two-Sided Search with Nontransferable Utility
    Review of Economic Dynamics, 1998, 1, (1), 220-245 View citations

1997

35. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations
    See Also Working Paper (1995)

1996

36. Coexistence of money and interest-bearing securities
    Journal of Monetary Economics, 1996, 37, (3), 397-419 View citations
    See Also Working Paper (1996)
37. Search-theoretic models of international currency
    Proceedings, 1996, (May), 117-132 View citations
38. Taxes, redistribution, and growth
    Journal of Public Economics, 1996, 62, (3), 327-338 View citations

1995

39. Estimating Substitution Elasticities in Household Production Models
    Economic Theory, 1995, 6, (1), 179-93 View citations
    See Also Working Paper (1994)
40. Information, sticky prices and macroeconomic foundations: commentary
    Proceedings, 1995, (May), 119-124
41. Search, Bargaining, Money, and Prices
    Journal of Political Economy, 1995, 103, (1), 118-41 View citations
42. Search, evolution, and money
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 181-206 View citations

1994

43. A Note on Sunspot Equilibria in Search Models of Fiat Money
    Journal of Economic Theory, 1994, 64, (1), 234-241
44. Barter and Monetary Exchange under Private Information
    American Economic Review, 1994, 84, (1), 104-23 View citations
    See Also Working Paper (1991)

1993

45. A Search-Theoretic Approach to Monetary Economics
    American Economic Review, 1993, 83, (1), 63-77 View citations
46. A dynamic equilibrium model of search, production, and exchange
    Journal of Economic Dynamics and Control, 1993, 17, (5-6), 723-758 View citations
47. Indivisibilities, Lotteries, and Sunspot Equilibria
    Economic Theory, 1993, 3, (1), 1-17 View citations
    See Also Working Paper (1991)
48. More on Money as a Medium of Exchange
    Economic Theory, 1993, 3, (2), 297-314 View citations
    See Also Working Paper (1991)
49. Putting home economics into macroeconomics
    Quarterly Review, 1993, (Sum), 2-11 View citations
50. Search, Bargaining, Money and Prices: Recent Results and Policy Implications
    Journal of Money, Credit and Banking, 1993, 25, (3), 558-76 View citations
    Also in
    Proceedings, 1993, 558-584 (1993) View citations

1992

51. Acceptability, means of payment, and media of exchange
    Quarterly Review, 1992, (Sum), 18-21
52. The Role of Household Production in Models of Involuntary Unemployment and Underemployment
    Canadian Journal of Economics, 1992, 25, (3), 507-20 View citations
53. The labor market in real business cycle theory
    Quarterly Review, 1992, (Spr), 2-12 View citations
54. Why Is Automobile Insurance in Philadelphia So Damn Expensive?
    American Economic Review, 1992, 82, (4), 756-72 View citations
    See Also Working Paper (1991)

1991

55. A contribution to the pure theory of money
    Journal of Economic Theory, 1991, 53, (2), 215-235 View citations
    See Also Working Paper (1989)
56. Homework in Macroeconomics: Household Production and Aggregate Fluctuations
    Journal of Political Economy, 1991, 99, (6), 1166-87 View citations
    See Also Working Paper (1991)
57. Subsidization and Stabilization: Optimal Employment Policy under Aggregate Uncertainty
    International Economic Review, 1991, 32, (2), 513-28 View citations
58. The Welfare Costs of Moderate Inflations: Comment
    Journal of Money, Credit and Banking, 1991, 23, (3), 513-18
59. The labor market implications of unemployment insurance and short-term compensation
    Quarterly Review, 1991, (Sum), 11-19

1989

60. On Money as a Medium of Exchange
    Journal of Political Economy, 1989, 97, (4), 927-54 View citations
61. Optimal firm size, taxes, and unemployment
    Journal of Public Economics, 1989, 39, (3), 275-287 View citations
62. Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours per Worker, and Wages
    Journal of Political Economy, 1989, 97, (6), 1479-96 View citations

1988

63. Involuntary unemployment in economies with efficient risk sharing
    Journal of Monetary Economics, 1988, 22, (3), 501-515 View citations
64. The Observational Implications of Labor Contracts in a Dynamic General Equilibrium Model
    Journal of Labor Economics, 1988, 6, (4), 530-51

1987

65. Search, Layoffs, and Reservation Wages
    Journal of Labor Economics, 1987, 5, (3), 354-65 View citations
66. Unemployment Insurance, Taxes, and Unemployment
    Canadian Journal of Economics, 1987, 20, (1), 36-54 View citations

1986

67. Job Search and Cyclical Unemployment
    Journal of Political Economy, 1986, 94, (1), 38-55 View citations
68. The redistributive roles of unemployment insurance and the dynamics of voting
    Journal of Public Economics, 1986, 31, (3), 377-399 View citations

Editor

1. International Economic Review
   Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association