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Details about Randall Wright

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Workplace:Department of Finance, Investment and Banking, School of Business, University of Wisconsin-Madison, (more information at EDIRC)
Economics Department, University of Wisconsin-Madison, (more information at EDIRC)

Access statistics for papers by Randall Wright.

Last updated 2012-06-09. Update your information in the RePEc Author Service.

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Working Papers

2013

  1. Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Chapter (2013)

2012

  1. Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

2011

  1. Buyers, Sellers and Middlemen: Variations on Search-Theoretic Themes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  2. Buyers, sellers and middlemen: variations in search theory
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  3. Endogenous Credit Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Working Papers, Department of Economics, University of Missouri (2010) Downloads View citations (1)
    Working Papers, Federal Reserve Bank of Minneapolis (2011) Downloads View citations (1)
  4. Innovation and Growth with Financial, and Other, Frictions
    Working Papers, Bank of Canada Downloads View citations (7)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) Downloads View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (6)
  5. Sticky Prices: A New Monetarist Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) Downloads View citations (3)

2010

  1. Equilibrium Price Dispersion and Rigidity: A New Monetarist Approach
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (4)
  2. Indivisibilities, Lotteries and Sunspot Equilibria
    Levine's Working Paper Archive, David K. Levine Downloads View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) Downloads

    See also Journal Article in Economic Theory (1993)
  3. Information, Liquidity, Asset Prices and Monetary Policy, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads
  4. Introduction to the macroeconomic dynamics: special issues on money, credit, and liquidity
    Working Paper Series, Federal Reserve Bank of Chicago Downloads
    See also Journal Article in Macroeconomic Dynamics (2011)
  5. Liquidity and asset market dynamics
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (2)
  6. New Monetarist Economics: Methods
    MPRA Paper, University Library of Munich, Germany Downloads View citations (9)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) Downloads View citations (6)

    See also Journal Article in Review (2010)
  7. New Monetarist Economics: Models
    MPRA Paper, University Library of Munich, Germany Downloads View citations (23)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) Downloads View citations (16)

    See also Chapter (2010)
  8. Summer workshop on money, banking, payments and finance: an overview
    Working Paper Series, Federal Reserve Bank of Chicago Downloads

2009

  1. Adverse Selection in Competitive Search Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article in Econometrica (2010)
  2. Banking: a mechanism design approach
    Working Papers, Federal Reserve Bank of Philadelphia Downloads View citations (9)
  3. Inflation and Unemployment in the Long Run
    Kiel Working Papers, Kiel Institute for the World Economy Downloads View citations (1)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) Downloads View citations (22)
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2009) Downloads View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (7)

    See also Journal Article in American Economic Review (2011)
  4. Money and capital: a quantitative analysis
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (4)
  5. On the ‘Hot Potato Effect’ of Inflation: Intensive versus Extensive Margins
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (6)
    See also Journal Article in Macroeconomic Dynamics (2011)

2008

  1. Information, Liquidity and Asset Prices
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (18)
  2. Labor Market Fluctuations in the Small and in the Large
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in International Journal of Economic Theory (2009)

2007

  1. A model of money and credit, with application to the credit card debt puzzle
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (6)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) Downloads View citations (57)
  2. Inflation and Unemployment in General Equilibrium
    University of California at Santa Barbara, Economics Working Paper Series, Department of Economics, UC Santa Barbara Downloads View citations (3)
    See also Journal Article in Scandinavian Journal of Economics (2008)
  3. Inflation and Unemployment: Lagos-Wright meets Mortensen-Pissarides
    Kiel Working Papers, Kiel Institute for the World Economy Downloads View citations (4)
  4. Money and capital
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (18)
    See also Journal Article in Journal of Monetary Economics (2011)
  5. When is Money Essential? A Comment on Aliprantis, Camera and Puzzello
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (1)

2006

  1. Equilibrium Wage Dispersion: An Example
    2006 Meeting Papers, Society for Economic Dynamics Downloads View citations (3)
    Also in IMF Working Papers, International Monetary Fund (2006) Downloads View citations (3)

    See also Journal Article in The B.E. Journal of Macroeconomics (2006)
  2. General Equilibrium with NonConvexities, Sunspots and Money
    2006 Meeting Papers, Society for Economic Dynamics Downloads View citations (2)
    Also in Working Paper, Federal Reserve Bank of Cleveland (2005) Downloads View citations (2)
    Working Papers, Cornell University, Center for Analytic Economics (2005) Downloads
  3. Liquidity and the Market for Ideas
    2006 Meeting Papers, Society for Economic Dynamics Downloads View citations (2)

2005

  1. Alternative Models of Wage Dispersion
    IMF Working Papers, International Monetary Fund Downloads View citations (1)
  2. Alternative Theories of Wage Dispersion
    Working Papers ERMES, ERMES, University Paris 2 Downloads
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2005) Downloads View citations (3)

    See also Journal Article in European Economic Review (2006)
  3. Wage Dispersion: An Example
    Working Papers ERMES, ERMES, University Paris 2 Downloads

2004

  1. A unified framework for monetary theory and policy analysis
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)
    Also in Working Paper, Federal Reserve Bank of Cleveland (2002) Downloads View citations (98)

    See also Journal Article in Journal of Political Economy (2005)
  2. Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (1)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2003) Downloads View citations (82)
    Levine's Bibliography, UCLA Department of Economics (2003) Downloads View citations (3)

    See also Journal Article in Econometrica (2005)
  3. Search-Theoretic Models of the Labor Market-A Survey
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (43)
  4. The business cycle and the life cycle
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (23)
    See also Chapter (2005)

2003

  1. 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 Downloads View citations (5)
    See also Journal Article in International Economic Review (2004)
  2. Crime, Inequality, and Unemployment, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (19)
    See also Journal Article in American Economic Review (2003)
  3. Inflation and Welfare in Models with Trading Frictions
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (7)
  4. Search, Money and Capital: A Neoclassical Dichotomy, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania Downloads View citations (9)

2002

  1. A simple search model of money with heterogeneous agents and partial acceptability
    Working Paper, Federal Reserve Bank of Cleveland Downloads
    See also Journal Article in Economic Theory (2004)
  2. Dynamics, cycles and sunspot equilibria in "genuinely dynamic, fundamentally disaggregative" models of money
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (6)
    See also Journal Article in Journal of Economic Theory (2003)
  3. Price setting, price dispersion, and the value of money - or - The law of two prices
    Working Paper, Federal Reserve Bank of Cleveland Downloads
    See also Journal Article in Journal of Monetary Economics (2004)
  4. Search, money and capital: a neoclassical dichotomy
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (6)
    See also Journal Article in Proceedings (2003)

2000

  1. Generalized search-theoretic models of monetary exchange
    Working Paper, Federal Reserve Bank of Cleveland Downloads View citations (2)
    See also Journal Article in Journal of Monetary Economics (2001)

1998

  1. A note on purifying mixed strategy equilibria in the search-theoretic model of fiat money
    Working Papers, Federal Reserve Bank of Philadelphia
  2. Pricing with frictions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (14)

1997

  1. 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 Downloads
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1997) Downloads
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (4)

    See also Journal Article in Review of Economic Dynamics (1999)
  2. A note on purifying mixed strategy equilibria in the search model of money
    Working Paper, Federal Reserve Bank of Cleveland Downloads

1996

  1. Coexistence of money and interest-bearing securities
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (60)
    See also Journal Article in Journal of Monetary Economics (1996)
  2. 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 Downloads View citations (1)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (4)

1995

  1. An equilibrium model of the business cycle with household production and fiscal policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (13)
    See also Journal Article in International Economic Review (1997)
  2. Toward a theory of international currency: a step further
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

1994

  1. Dynamic bargaining theory
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)
  2. Estimating substitution elasticities in household production models
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (16)
    See also Journal Article in Economic Theory (1995)
  3. Two-sided search
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (8)
    See also Journal Article in Review of Economic Dynamics (1998)

1993

  1. Household Production in Real Business Cycle Thoery
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (46)
  2. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (19)

1991

  1. A discussion of Cooley and Hansen's "welfare costs of moderate inflations."
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  2. A note on labor contracts with private information and household production
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  3. 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 View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) Downloads View citations (28)

    See also Journal Article in American Economic Review (1994)
  4. Homework in macroeconomics: household production and aggregate fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (313)
    See also Journal Article in Journal of Political Economy (1991)
  5. More on money as a medium of exchange
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (4)
    See also Journal Article in Economic Theory (1993)
  6. Why is automobile insurance in Philadelphia so damn expensive?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in American Economic Review (1992)

1990

  1. HOMEWORK IN MACROECONOMICS I: BASIC THEORY
    Working Papers, C.V. Starr Center for Applied Economics, New York University Downloads View citations (7)
  2. HOMEWORK IN MACROECONOMICS II: AGGREGATE FLUCTUATIONS
    Working Papers, C.V. Starr Center for Applied Economics, New York University Downloads View citations (5)
  3. Homework in Macoreconomics I: Basic Theory (Part I of II)
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  4. SEARCH FOR A THEORY OF MONEY
    Working papers, Wisconsin Madison - Social Systems View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) Downloads View citations (6)

1989

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

1988

  1. FIAT MONEY IN SEARCH EQUILIBRIUM
    Working papers, Wisconsin Madison - Social Systems View citations (2)

Undated

  1. 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 (4)
    See also Journal Article in Journal of Economic Theory (1998)

Journal Articles

2011

  1. INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUES ON MONEY, CREDIT, AND LIQUIDITY
    Macroeconomic Dynamics, 2011, 15, (S1), 1-9 Downloads
    See also Working Paper (2010)
  2. Inflation and Unemployment in the Long Run
    American Economic Review, 2011, 101, (1), 371-98 Downloads View citations (19)
    See also Working Paper (2009)
  3. Information and Liquidity
    Journal of Money, Credit and Banking, 2011, 43, 355-377 Downloads View citations (28)
  4. Money and capital
    Journal of Monetary Economics, 2011, 58, (2), 98-116 Downloads View citations (18)
    See also Working Paper (2007)
  5. ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
    Macroeconomic Dynamics, 2011, 15, (S2), 191-216 Downloads View citations (1)
    See also Working Paper (2009)

2010

  1. A uniqueness proof for monetary steady state
    Journal of Economic Theory, 2010, 145, (1), 382-391 Downloads View citations (14)
  2. Adverse Selection in Competitive Search Equilibrium
    Econometrica, 2010, 78, (6), 1823-1862 View citations (49)
    See also Working Paper (2009)
  3. Introduction to Search Theory and Applications
    Journal of Economic Theory, 2010, 145, (4), 1319-1324 Downloads View citations (2)
  4. New monetarist economics: methods
    Review, 2010, (May), 265-302 Downloads View citations (6)
    See also Working Paper (2010)
  5. On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
    Journal of Economic Theory, 2010, 145, (1), 392-401 Downloads View citations (5)
  6. Search and the market for ideas
    Journal of Economic Theory, 2010, 145, (4), 1550-1573 Downloads View citations (10)

2009

  1. A conference on liquidity in frictional markets
    Policy Discussion Papers, 2009, (May) Downloads
  2. Labor market fluctuations in the small and in the large
    International Journal of Economic Theory, 2009, 5, (1), 125-137 Downloads View citations (5)
    See also Working Paper (2008)

2008

  1. General equilibrium with nonconvexities and money
    Journal of Economic Theory, 2008, 142, (1), 294-317 Downloads View citations (12)
  2. Inflation and Unemployment in General Equilibrium
    Scandinavian Journal of Economics, 2008, 109, (4), 837-855 Downloads View citations (7)
    See also Working Paper (2007)
  3. Introduction to monetary and macro economics
    Journal of Economic Theory, 2008, 142, (1), 1-4 Downloads
  4. Money, banking, and monetary policy
    Journal of Monetary Economics, 2008, 55, (6), 1013-1024 Downloads View citations (17)

2007

  1. AN INTERVIEW WITH PETER DIAMOND
    Macroeconomic Dynamics, 2007, 11, (04), 543-565 Downloads View citations (2)
  2. The 2006 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2007, (Apr) Downloads
  3. The 2007 Summer Workshop on Money, Banking and Payments: an overview
    Policy Discussion Papers, 2007, (Dec) Downloads

2006

  1. Alternative theories of wage dispersion
    European Economic Review, 2006, 50, (4), 831-848 Downloads View citations (24)
    See also Working Paper (2005)
  2. Equilibrium Wage Dispersion: An Example
    The B.E. Journal of Macroeconomics, 2006, 6, (2), 1-18 Downloads View citations (3)
    See also Working Paper (2006)
  3. The 2005 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2006, (Mar) Downloads

2005

  1. A Unified Framework for Monetary Theory and Policy Analysis
    Journal of Political Economy, 2005, 113, (3), 463-484 Downloads View citations (256)
    See also Working Paper (2004)
  2. Commentary on "the cyclicality of hires, separations, and job-to-job transitions"
    Review, 2005, (Jul), 509-512 Downloads
  3. INTRODUCTION TO "MODELS OF MONETARY ECONOMIES II: THE NEXT GENERATION"
    International Economic Review, 2005, 46, (2), 305-316 Downloads View citations (5)
    Also in Quarterly Review, 2005, (Oct), 2-9 (2005) Downloads View citations (3)
  4. MONEY AND BANKING IN SEARCH EQUILIBRIUM
    International Economic Review, 2005, 46, (2), 637-670 Downloads View citations (77)
  5. Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
    Econometrica, 2005, 73, (1), 175-202 Downloads View citations (74)
    See also Working Paper (2004)
  6. Recent developments in monetary economics: a summary of the 2004 Workshop on Money, Banking, and Payments
    Policy Discussion Papers, 2005, (Jan) Downloads

2004

  1. A simple search model of money with heterogeneous agents and partial acceptability
    Economic Theory, 2004, 24, (4), 877-885 Downloads View citations (3)
    See also Working Paper (2002)
  2. AN ON-THE-JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT
    International Economic Review, 2004, 45, (3), 681-706 Downloads View citations (10)
    See also Working Paper (2003)
  3. Price setting, price dispersion, and the value of money: or, the law of two prices
    Journal of Monetary Economics, 2004, 51, (8), 1599-1621 Downloads View citations (21)
    See also Working Paper (2002)
  4. Unstable Relationships
    The B.E. Journal of Macroeconomics, 2004, 1, (1), 1-44 Downloads View citations (19)

2003

  1. Crime, Inequality, and Unemployment
    American Economic Review, 2003, 93, (5), 1764-1777 Downloads View citations (62)
    See also Working Paper (2003)
  2. Directed Matching and Monetary Exchange
    Econometrica, 2003, 71, (3), 731-756 Downloads View citations (32)
  3. Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money
    Journal of Economic Theory, 2003, 109, (2), 156-171 Downloads View citations (20)
    See also Working Paper (2002)
  4. Search, money, and capital: a neoclassical dichotomy
    Proceedings, 2003, 1085-1117 View citations (24)
    See also Working Paper (2002)

2002

  1. Competitive Pricing and Efficiency in Search Equilibrium
    International Economic Review, 2002, 43, (1), 1-20 Downloads View citations (74)
  2. Indivisibilities, Lotteries, and Monetary Exchange
    Journal of Economic Theory, 2002, 107, (1), 70-94 Downloads View citations (36)
  3. Matching and Money
    American Economic Review, 2002, 92, (2), 67-71 Downloads View citations (24)

2001

  1. Cigarette Money
    Journal of Economic Theory, 2001, 99, (1-2), 117-142 Downloads View citations (20)
  2. Generalized search-theoretic models of monetary exchange
    Journal of Monetary Economics, 2001, 48, (3), 605-622 Downloads View citations (12)
    See also Working Paper (2000)
  3. International Currency
    The B.E. Journal of Macroeconomics, 2001, 1, (1), 1-17 Downloads View citations (12)
  4. Pricing and Matching with Frictions
    Journal of Political Economy, 2001, 109, (5), 1060-1085 Downloads View citations (207)

2000

  1. Homework in Development Economics: Household Production and the Wealth of Nations
    Journal of Political Economy, 2000, 108, (4), 680-687 Downloads View citations (97)
  2. Homework in labor economics: Household production and intertemporal substitution
    Journal of Monetary Economics, 2000, 46, (3), 557-579 Downloads View citations (47)
  3. The search-theoretic approach to monetary economics: a primer
    Economic Review, 2000, (Q IV), 10-28 Downloads View citations (18)

1999

  1. A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
    Review of Economic Dynamics, 1999, 2, (1), 291-323 Downloads View citations (19)
    See also Working Paper (1997)
  2. A note on asymmetric and mixed strategy equilibria in the search-theoretic model of fiat money
    Economic Theory, 1999, 14, (2), 463-471 Downloads
  3. Comment on Inside and Outside Money as Alternative Media of Exchange
    Journal of Money, Credit and Banking, 1999, 31, (3), 461-68 View citations (3)
  4. Household production and development
    Economic Review, 1999, (Q III), 21-35 Downloads View citations (3)
  5. Introduction to the Special Issue on Search, Matching and Related Topics
    International Economic Review, 1999, 40, (4), 803-08

1998

  1. A Dynamic Equilibrium Model of Search, Bargaining, and Money
    Journal of Economic Theory, 1998, 78, (1), 32-54 Downloads View citations (35)
    See also Working Paper
  2. Government Transaction Policy, Media of Exchange, and Prices
    Journal of Economic Theory, 1998, 81, (2), 290-313 Downloads View citations (30)
  3. INTERVIEW WITH DAVID CASS
    Macroeconomic Dynamics, 1998, 2, (04), 533-558 Downloads View citations (1)
  4. Two-Sided Search with Nontransferable Utility
    Review of Economic Dynamics, 1998, 1, (1), 220-245 Downloads View citations (26)
    See also Working Paper (1994)

1997

  1. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations (143)
    See also Working Paper (1995)
  2. MONEY AS A MEDIUM OF EXCHANGE WHEN GOODS VARY BY SUPPLY AND DEMAND
    Macroeconomic Dynamics, 1997, 1, (04), 680-700 Downloads View citations (4)

1996

  1. Coexistence of money and interest-bearing securities
    Journal of Monetary Economics, 1996, 37, (3), 397-419 Downloads View citations (62)
    See also Working Paper (1996)
  2. Taxes, redistribution, and growth
    Journal of Public Economics, 1996, 62, (3), 327-338 Downloads View citations (10)

1995

  1. Estimating Substitution Elasticities in Household Production Models
    Economic Theory, 1995, 6, (1), 179-93 View citations (56)
    See also Working Paper (1994)
  2. Search, Bargaining, Money, and Prices
    Journal of Political Economy, 1995, 103, (1), 118-41 Downloads View citations (204)
  3. Search, evolution, and money
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 181-206 Downloads View citations (14)

1994

  1. A Note on Sunspot Equilibria in Search Models of Fiat Money
    Journal of Economic Theory, 1994, 64, (1), 234-241 Downloads View citations (7)
  2. Barter and Monetary Exchange under Private Information
    American Economic Review, 1994, 84, (1), 104-23 Downloads View citations (58)
    See also Working Paper (1991)

1993

  1. A Search-Theoretic Approach to Monetary Economics
    American Economic Review, 1993, 83, (1), 63-77 Downloads View citations (142)
  2. A dynamic equilibrium model of search, production, and exchange
    Journal of Economic Dynamics and Control, 1993, 17, (5-6), 723-758 Downloads View citations (13)
  3. Indivisibilities, Lotteries, and Sunspot Equilibria
    Economic Theory, 1993, 3, (1), 1-17 View citations (30)
    See also Working Paper (2010)
  4. More on Money as a Medium of Exchange
    Economic Theory, 1993, 3, (2), 297-314 View citations (16)
    See also Working Paper (1991)
  5. Putting home economics into macroeconomics
    Quarterly Review, 1993, (Sum), 2-11 Downloads View citations (3)
  6. Search, Bargaining, Money and Prices: Recent Results and Policy Implications
    Journal of Money, Credit and Banking, 1993, 25, (3), 558-76 Downloads View citations (7)
    Also in Proceedings, 1993, 558-584 (1993) View citations (8)

1992

  1. Acceptability, means of payment, and media of exchange
    Quarterly Review, 1992, (Sum), 18-21 Downloads View citations (1)
  2. The Role of Household Production in Models of Involuntary Unemployment and Underemployment
    Canadian Journal of Economics, 1992, 25, (3), 507-20 Downloads View citations (8)
  3. The labor market in real business cycle theory
    Quarterly Review, 1992, (Spr), 2-12 Downloads View citations (47)
  4. Why Is Automobile Insurance in Philadelphia So Damn Expensive?
    American Economic Review, 1992, 82, (4), 756-72 Downloads View citations (21)
    See also Working Paper (1991)

1991

  1. A contribution to the pure theory of money
    Journal of Economic Theory, 1991, 53, (2), 215-235 Downloads View citations (116)
    See also Working Paper (1989)
  2. Homework in Macroeconomics: Household Production and Aggregate Fluctuations
    Journal of Political Economy, 1991, 99, (6), 1166-87 Downloads View citations (323)
    See also Working Paper (1991)
  3. Subsidization and Stabilization: Optimal Employment Policy under Aggregate Uncertainty
    International Economic Review, 1991, 32, (2), 513-28 Downloads View citations (2)
  4. The Welfare Costs of Moderate Inflations: Comment
    Journal of Money, Credit and Banking, 1991, 23, (3), 513-18 Downloads
  5. The effects of risk on efficient labor contracts
    Finnish Economic Papers, 1991, 4, (1), 2-9 Downloads View citations (2)
  6. The labor market implications of unemployment insurance and short-term compensation
    Quarterly Review, 1991, (Sum), 11-19 Downloads View citations (1)

1989

  1. On Money as a Medium of Exchange
    Journal of Political Economy, 1989, 97, (4), 927-54 Downloads View citations (453)
  2. Optimal firm size, taxes, and unemployment
    Journal of Public Economics, 1989, 39, (3), 275-287 Downloads View citations (19)
  3. Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours per Worker, and Wages
    Journal of Political Economy, 1989, 97, (6), 1479-96 Downloads View citations (38)

1988

  1. Involuntary unemployment in economies with efficient risk sharing
    Journal of Monetary Economics, 1988, 22, (3), 501-515 Downloads View citations (47)
  2. The Observational Implications of Labor Contracts in a Dynamic General Equilibrium Model
    Journal of Labor Economics, 1988, 6, (4), 530-51 Downloads View citations (2)

1987

  1. Market structure and competitive equilibrium in dynamic economic models
    Journal of Economic Theory, 1987, 41, (1), 189-201 Downloads View citations (5)
  2. Search, Layoffs, and Reservation Wages
    Journal of Labor Economics, 1987, 5, (3), 354-65 Downloads View citations (5)
  3. Unemployment Insurance, Taxes, and Unemployment
    Canadian Journal of Economics, 1987, 20, (1), 36-54 Downloads View citations (2)

1986

  1. Job Search and Cyclical Unemployment
    Journal of Political Economy, 1986, 94, (1), 38-55 Downloads View citations (15)
  2. The redistributive roles of unemployment insurance and the dynamics of voting
    Journal of Public Economics, 1986, 31, (3), 377-399 Downloads View citations (55)

Chapters

2013

  1. Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
    A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 227-270 Downloads View citations (5)
    See also Working Paper (2013)

2010

  1. New Monetarist Economics: Models
    Chapter 02 in Handbook of Monetary Economics, 2010, vol. 3, pp 25-96 Downloads View citations (17)
    See also Working Paper (2010)

2005

  1. The Business Cycle and the Life Cycle
    A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 415-592 Downloads View citations (16)
    See also Working Paper (2004)

Editor

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