Details about Ricardo Lagos

Access statistics for papers by Ricardo Lagos.

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

Short-id: pla18

Working Papers

2023

1. Monetary Policy Operations: Theory, Evidence, and Tools for Quantitative Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2022

2. Q-Monetary Transmission
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

3. The Limits of onetary Economics: On Money as a Latent Medium of Exchange
   Discussion Papers, Centre for Macroeconomics (CFM)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (7)

2020

4. On Socializing and Social Distancing in Markets: Implications for Retail Prices, Store-level Consumer Density, and Disease Transmission
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
5. Turnover liquidity and the transmission of monetary policy
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (11)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (4)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (5)
   Working Papers, Federal Reserve Bank of Minneapolis (2016)
   See also Journal Article Turnover Liquidity and the Transmission of Monetary Policy, American Economic Review, American Economic Association (2020) View citations (28) (2020)

2019

6. Monetary Operating Procedures in the Fed Funds Market: Theory and Policy Analysis
   2019 Meeting Papers, Society for Economic Dynamics View citations (2)
7. On Money As a Latent Medium of Exchange
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
8. On Money as a Medium of Exchange in Near-Cashless Credit Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
9. The Limits of onetary Economics: On Money as a Medium of Exchange in Near-Cashless Credit Economies
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)

2018

10. A Monetary Model of Bilateral Over-the-Counter Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article A Monetary Model of Bilateral Over-the-Counter Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (8) (2019)

2015

11. Monetary Exchange in Over-the-Counter Markets: A Theory of Speculative Bubbles, the Fed Model, and Self-fulfilling Liquidity Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)

2014

12. An Empirical Study of Trade Dynamics in the Fed Funds Market
    Working Papers, Federal Reserve Bank of Minneapolis View citations (12)
13. The Over-the-Counter Theory of the Fed Funds Market: A Primer
    Working Papers, Federal Reserve Bank of Minneapolis View citations (6)
    Also in Staff Reports, Federal Reserve Bank of New York (2014) View citations (2)
    See also Journal Article The Over‐the‐Counter Theory of the Fed Funds Market: A Primer, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (6) (2015)
14. Trade Dynamics in the Market for Federal Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (15)
    Staff Reports, Federal Reserve Bank of New York (2012) View citations (63)
    Working Papers, Federal Reserve Bank of Minneapolis (2014) View citations (19)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (2)
    See also Journal Article Trade Dynamics in the Market for Federal Funds, Econometrica, Econometric Society (2015) View citations (188) (2015)

2013

15. A Model of Monetary Exchange in Over-the-Counter Markets
    2013 Meeting Papers, Society for Economic Dynamics View citations (7)

2012

16. An empirical study of trade dynamics in the interbank market
    Staff Reports, Federal Reserve Bank of New York View citations (11)

2010

17. Crises and Liquidity in Over-the-counter Markets
    2010 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (10)
    See also Journal Article Crises and liquidity in over-the-counter markets, Journal of Economic Theory, Elsevier (2011) View citations (105) (2011)
18. Moneyspots
    2010 Meeting Papers, Society for Economic Dynamics

2009

19. Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy
    2009 Meeting Papers, Society for Economic Dynamics View citations (3)
    See also Journal Article Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (9) (2011)

2008

20. Crashes and Recoveries in Illiquid Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2007) View citations (10)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (14)
21. Liquidity in asset markets with search frictions
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2007) View citations (32)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (2)
    See also Journal Article Liquidity in Asset Markets With Search Frictions, Econometrica, Econometric Society (2009) View citations (240) (2009)

2007

22. Search in asset markets: market structure, liquidity, and welfare
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (62)
    See also Journal Article Search in Asset Markets: Market Structure, Liquidity, and Welfare, American Economic Review, American Economic Association (2007) View citations (79) (2007)
23. When is Money Essential? A Comment on Aliprantis, Camera and Puzzello
    Levine's Bibliography, UCLA Department of Economics View citations (6)

2006

24. A model of TFP
    Staff Report, Federal Reserve Bank of Minneapolis View citations (93)
    See also Journal Article A Model of TFP, The Review of Economic Studies, Review of Economic Studies Ltd (2006) View citations (165) (2006)
25. A model of job and worker flows
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004)
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2004)
    See also Journal Article A Model of Job and Worker Flows, Journal of Political Economy, University of Chicago Press (2007) View citations (16) (2007)
26. Asset prices and liquidity in an exchange economy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (27)
    See also Journal Article Asset prices and liquidity in an exchange economy, Journal of Monetary Economics, Elsevier (2010) View citations (176) (2010)
27. Inside and outside money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)
28. Money and capital as competing media of exchange
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (7)
    See also Journal Article Money and capital as competing media of exchange, Journal of Economic Theory, Elsevier (2008) View citations (168) (2008)
29. Search in Asset Markets
    2006 Meeting Papers, Society for Economic Dynamics View citations (12)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2006) View citations (6)
    Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (14)

2004

30. A unified framework for monetary theory and policy analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2002) View citations (99)
    See also Journal Article A Unified Framework for Monetary Theory and Policy Analysis, Journal of Political Economy, University of Chicago Press (2005) View citations (1082) (2005)
31. Inflation, output and welfare
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004)
    See also Journal Article INFLATION, OUTPUT, AND WELFARE, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2005) View citations (67) (2005)
32. Superneutrality and the welfare effects of inflation
    2004 Meeting Papers, Society for Economic Dynamics View citations (3)

2003

33. 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 View citations (50)
    See also Journal Article AN ON-THE-JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2004) View citations (56) (2004)
34. Crime, Inequality, and Unemployment, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (64)
    See also Journal Article Crime, Inequality, and Unemployment, American Economic Review, American Economic Association (2003) View citations (121) (2003)

2002

35. Dynamics, cycles and sunspot equilibria in \"genuinely dynamic, fundamentally disaggregative\" models of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (8)
    See also Journal Article Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money, Journal of Economic Theory, Elsevier (2003) View citations (63) (2003)

Undated

36. An Alternative Approach to Market Frictions: An Application to the Market for Taxicab Rides
    Penn CARESS Working Papers, Penn Economics Department View citations (4)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (1)

Journal Articles

2020

1. Turnover Liquidity and the Transmission of Monetary Policy
   American Economic Review, 2020, 110, (6), 1635-72 View citations (28)
   See also Working Paper Turnover liquidity and the transmission of monetary policy, LSE Research Online Documents on Economics (2020) View citations (11) (2020)

2019

2. A Monetary Model of Bilateral Over-the-Counter Markets
   Review of Economic Dynamics, 2019, 33, 205-227 View citations (8)
   See also Working Paper A Monetary Model of Bilateral Over-the-Counter Markets, NBER Working Papers (2018) View citations (1) (2018)
   Software Item Code and data files for "A Monetary Model of Bilateral Over-the-Counter Markets", Computer Codes (2019) (2019)

2017

3. Liquidity: A New Monetarist Perspective
   Journal of Economic Literature, 2017, 55, (2), 371-440 View citations (151)

2016

4. Introduction to the symposium issue on money and liquidity
   Journal of Economic Theory, 2016, 164, (C), 1-9 View citations (1)

2015

5. The Over‐the‐Counter Theory of the Fed Funds Market: A Primer
   Journal of Money, Credit and Banking, 2015, 47, (S2), 127-154 View citations (6)
   See also Working Paper The Over-the-Counter Theory of the Fed Funds Market: A Primer, Working Papers (2014) View citations (6) (2014)
6. Trade Dynamics in the Market for Federal Funds
   Econometrica, 2015, 83, 263-313 View citations (188)
   See also Working Paper Trade Dynamics in the Market for Federal Funds, NBER Working Papers (2014) View citations (42) (2014)

2013

7. Moneyspots and Coexistence in the Pure Theory of Money: A Reply to Neil Wallace
   Journal of Political Economy, 2013, 121, (4), 796 - 801
8. Moneyspots: Extraneous Attributes and the Coexistence of Money and Interest-Bearing Nominal Bonds
   Journal of Political Economy, 2013, 121, (1), 127 - 185 View citations (13)

2011

9. Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy
   Journal of Money, Credit and Banking, 2011, 43, (s2), 521-552 View citations (9)
   Also in Journal of Money, Credit and Banking, 2011, 43, 521-552 (2011) View citations (70)
   See also Working Paper Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy, 2009 Meeting Papers (2009) View citations (3) (2009)
10. Crises and liquidity in over-the-counter markets
    Journal of Economic Theory, 2011, 146, (6), 2169-2205 View citations (105)
    See also Working Paper Crises and Liquidity in Over-the-counter Markets, 2010 Meeting Papers (2010) View citations (3) (2010)
11. La aritmética de las retenciones móviles
    Ensayos de Política Económica, 2011, 1, (5), 65-73

2010

12. Asset prices and liquidity in an exchange economy
    Journal of Monetary Economics, 2010, 57, (8), 913-930 View citations (176)
    See also Working Paper Asset prices and liquidity in an exchange economy, Staff Report (2006) View citations (8) (2006)
13. Asset prices, liquidity, and monetary policy in the search theory of money
    Review, 2010, 92, (May), 303-310 View citations (8)
    Also in Quarterly Review, 2010, (July), 14-20 (2010) View citations (8)
14. Some results on the optimality and implementation of the Friedman rule in the Search Theory of Money
    Journal of Economic Theory, 2010, 145, (4), 1508-1524 View citations (30)

2009

15. Liquidity in Asset Markets With Search Frictions
    Econometrica, 2009, 77, (2), 403-426 View citations (240)
    See also Working Paper Liquidity in asset markets with search frictions, Working Papers (Old Series) (2008) View citations (2) (2008)

2008

16. Money and capital as competing media of exchange
    Journal of Economic Theory, 2008, 142, (1), 247-258 View citations (168)
    See also Working Paper Money and capital as competing media of exchange, Working Papers (Old Series) (2006) View citations (10) (2006)
17. The Research Agenda: Ricardo Lagos on Liquidity and the Search Theory of Money
    EconomicDynamics Newsletter, 2008, 10, (1) View citations (5)

2007

18. A Model of Job and Worker Flows
    Journal of Political Economy, 2007, 115, (5), 770-819 View citations (16)
    See also Working Paper A model of job and worker flows, Staff Report (2006) View citations (6) (2006)
19. Search in Asset Markets: Market Structure, Liquidity, and Welfare
    American Economic Review, 2007, 97, (2), 198-202 View citations (79)
    See also Working Paper Search in asset markets: market structure, liquidity, and welfare, Working Papers (Old Series) (2007) View citations (62) (2007)

2006

20. A Model of TFP
    The Review of Economic Studies, 2006, 73, (4), 983-1007 View citations (165)
    See also Working Paper A model of TFP, Staff Report (2006) View citations (93) (2006)

2005

21. A Unified Framework for Monetary Theory and Policy Analysis
    Journal of Political Economy, 2005, 113, (3), 463-484 View citations (1082)
    See also Working Paper A unified framework for monetary theory and policy analysis, Staff Report (2004) View citations (9) (2004)
22. INFLATION, OUTPUT, AND WELFARE
    International Economic Review, 2005, 46, (2), 495-522 View citations (67)
    See also Working Paper Inflation, output and welfare, Staff Report (2004) View citations (3) (2004)

2004

23. AN ON-THE-JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT
    International Economic Review, 2004, 45, (3), 681-706 View citations (56)
    See also Working Paper An On-the-Job Search Model of Crime, Inequality, and Unemployment, PIER Working Paper Archive (2003) View citations (50) (2003)

2003

24. An Analysis of the Market for Taxicab Rides in New York City
    International Economic Review, 2003, 44, (2), 423-434 View citations (26)
25. Crime, Inequality, and Unemployment
    American Economic Review, 2003, 93, (5), 1764-1777 View citations (121)
    See also Working Paper Crime, Inequality, and Unemployment, Second Version, PIER Working Paper Archive (2003) View citations (64) (2003)
26. Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money
    Journal of Economic Theory, 2003, 109, (2), 156-171 View citations (63)
    See also Working Paper Dynamics, cycles and sunspot equilibria in \"genuinely dynamic, fundamentally disaggregative\" models of money, Working Papers (Old Series) (2002) View citations (8) (2002)

2000

27. An Alternative Approach to Search Frictions
    Journal of Political Economy, 2000, 108, (5), 851-873 View citations (139)
28. Unemployment and the Rental Rate of Capital
    Bulletin of Economic Research, 2000, 52, (4), 297-322 View citations (1)

Software Items

2019

1. Code and data files for "A Monetary Model of Bilateral Over-the-Counter Markets"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article A Monetary Model of Bilateral Over-the-Counter Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (8) (2019)