Details about Jeffrey Lacker

E-mail:
Homepage:	https://www.jeffreylacker.org
Workplace:	Shadow Open Market Committee, (more information at EDIRC)

Access statistics for papers by Jeffrey Lacker.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: pla44

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Working Papers

2022

1. Money Market Fund Reform: Dealing with the Fundamental Problem
   Working Paper, Federal Reserve Bank of Richmond
   See also Journal Article Money Market Fund Reform: Dealing with the Fundamental Problem, JRFM, MDPI (2023) View citations (1) (2023)

2017

2. Economic Outlook, February 2017
   Speech, Federal Reserve Bank of Richmond
3. Economic Outlook, January 2017
   Speech, Federal Reserve Bank of Richmond
4. Inflation Dynamics in Stable and Unstable Policy Regimes: Comment on 'Deflating Inflation Expectations'
   Speech, Federal Reserve Bank of Richmond

2016

5. Can Monetary Policy Affect Economic Growth?
   Speech, Federal Reserve Bank of Richmond
6. Does Federal Reserve Governance Need Reform?
   Speech, Federal Reserve Bank of Richmond
7. Economic Leadership in an Uncertain World
   Speech, Federal Reserve Bank of Richmond
8. Economic Outlook, January 2016
   Speech, Federal Reserve Bank of Richmond
9. Economic Outlook, October 2016
   Speech, Federal Reserve Bank of Richmond
10. Interest Rate Benchmarks
    Speech, Federal Reserve Bank of Richmond
11. Lacker Testifies on Federal Reserve Bank Governance
    Speech, Federal Reserve Bank of Richmond
12. The Outlook for Inflation and Inflation Expectations
    Speech, Federal Reserve Bank of Richmond

2015

13. Early Childhood Education in the Context of Lifetime Human Capital Investment
    Speech, Federal Reserve Bank of Richmond
14. Economic Outlook, April 2015
    Speech, Federal Reserve Bank of Richmond
15. Economic Outlook, January 2015
    Speech, Federal Reserve Bank of Richmond
16. Economic Outlook, March 2015
    Speech, Federal Reserve Bank of Richmond
17. Education, Innovation and Economic Growth
    Speech, Federal Reserve Bank of Richmond
18. From Country Banks to SIFIs: The 100-year Quest for Financial Stability
    Speech, Federal Reserve Bank of Richmond
19. Investing in People for Long-Term Prosperity
    Speech, Federal Reserve Bank of Richmond
20. The Case Against Further Delay
    Speech, Federal Reserve Bank of Richmond
21. What Monetary Policy Can and Can’t Do
    Speech, Federal Reserve Bank of Richmond

2014

22. Committing to Financial Stability
    Speech, Federal Reserve Bank of Richmond
23. Economic Outlook, February 2014
    Speech, Federal Reserve Bank of Richmond
24. Economic Outlook, January 2014
    Speech, Federal Reserve Bank of Richmond
25. Economic Outlook, July 2014
    Speech, Federal Reserve Bank of Richmond
26. Economics After the Crisis: Models, Markets, and Implications for Policy
    Speech, Federal Reserve Bank of Richmond
27. Investing in People as an Economic Growth Strategy
    Speech, Federal Reserve Bank of Richmond
28. Prospects for Growth and Labor Markets
    Speech, Federal Reserve Bank of Richmond
29. Rethinking the Unthinkable: Bankruptcy for Large Financial Institutions
    Speech, Federal Reserve Bank of Richmond
30. The Fed as Lender of Last Resort: Comments on "Rules for a Lender of Last Resort" by Michael Bordo
    Speech, Federal Reserve Bank of Richmond
31. The Path to Financial Stability
    Speech, Federal Reserve Bank of Richmond
32. Welcome and Introductory Remarks, 2014 Credit Markets Symposium
    Speech, Federal Reserve Bank of Richmond

2013

33. A Look Back at the History of the Federal Reserve
    Speech, Federal Reserve Bank of Richmond
34. Economic Outlook, December 2013
    Speech, Federal Reserve Bank of Richmond
35. Economic Outlook, January 2013
    Speech, Federal Reserve Bank of Richmond
36. Economic Outlook, June 2013
    Speech, Federal Reserve Bank of Richmond
37. Economic Outlook, May 2013
    Speech, Federal Reserve Bank of Richmond
38. Economic Outlook, November 2013
    Speech, Federal Reserve Bank of Richmond
39. Economics and the Federal Reserve After the Crisis
    Speech, Federal Reserve Bank of Richmond
40. Ending 'Too Big to Fail' Is Going to Be Hard Work
    Speech, Federal Reserve Bank of Richmond
    Also in Speech, Federal Reserve Bank of Richmond (2013)
41. Global Interdependence and Central Banking
    Speech, Federal Reserve Bank of Richmond
42. Human Capital Investment as a Major Financial Decision
    Speech, Federal Reserve Bank of Richmond
43. Lacker Testifies on Bankruptcy and Financial Institution Insolvency
    Speech, Federal Reserve Bank of Richmond
44. Lacker on the Economy
    Speech, Federal Reserve Bank of Richmond
45. Monetary Policy in the United States: The Risks Associated With Unconventional Policies
    Speech, Federal Reserve Bank of Richmond
46. Richmond Fed President Jeffrey M. Lacker Testifies on the Issue of 'Too Big to Fail.'
    Speech, Federal Reserve Bank of Richmond
47. Starting Early in Workforce Development
    Speech, Federal Reserve Bank of Richmond
48. Toward Orderly Resolution
    Speech, Federal Reserve Bank of Richmond

2012

49. A Program for Financial Stability
    Speech, Federal Reserve Bank of Richmond
50. Challenges to Economic Growth
    Speech, Federal Reserve Bank of Richmond
51. Economic Outlook
    Speech, Federal Reserve Bank of Richmond
    Also in Speech, Federal Reserve Bank of Richmond (2009)
    Speech, Federal Reserve Bank of Richmond (2006)
    Speech, Federal Reserve Bank of Richmond (2009)
    Speech, Federal Reserve Bank of Richmond (2007)
    Speech, Federal Reserve Bank of Richmond (2006)
    Speech, Federal Reserve Bank of Richmond (2006)
    Speech, Federal Reserve Bank of Richmond (2008)
    Speech, Federal Reserve Bank of Richmond (2008)
    Speech, Federal Reserve Bank of Richmond (2009)
    Speech, Federal Reserve Bank of Richmond (2004)
    Speech, Federal Reserve Bank of Richmond (2005)
    Speech, Federal Reserve Bank of Richmond (2009)
    Speech, Federal Reserve Bank of Richmond (2005)
    Speech, Federal Reserve Bank of Richmond (2009)
    Speech, Federal Reserve Bank of Richmond (2007)
    Speech, Federal Reserve Bank of Richmond (2007)
    Speech, Federal Reserve Bank of Richmond (2009)
52. Economic Outlook, December 2012
    Speech, Federal Reserve Bank of Richmond
53. Economic Outlook, January 2012
    Speech, Federal Reserve Bank of Richmond
54. Economic Outlook, October 2012
    Speech, Federal Reserve Bank of Richmond
55. Maximum Employment and Monetary Policy
    Speech, Federal Reserve Bank of Richmond
56. Perspectives on Monetary and Credit Policy
    Speech, Federal Reserve Bank of Richmond
57. Technology, Unemployment and Workforce Development in a Rapidly Changing World
    Speech, Federal Reserve Bank of Richmond
58. https://www.richmondfed.org/press_room/speeches/jeffrey_m_lacker/2012/lacker_speech_20120502
    Speech, Federal Reserve Bank of Richmond

2011

59. Address to the Oversight and Investigations Subcommittee, Committee on Financial Services
    Speech, Federal Reserve Bank of Richmond
60. Economic Outlook, April 2011
    Speech, Federal Reserve Bank of Richmond
61. Economic Outlook, December 2011
    Speech, Federal Reserve Bank of Richmond
62. Economic Outlook, February 2011
    Speech, Federal Reserve Bank of Richmond
63. Economic Outlook, January 2011
    Speech, Federal Reserve Bank of Richmond
64. Economic Outlook, May 2011
    Speech, Federal Reserve Bank of Richmond
65. Economic Outlook, October 2011
    Speech, Federal Reserve Bank of Richmond
66. Economics After the Crisis: Reflections on a Return to Madison
    Speech, Federal Reserve Bank of Richmond
67. Immediate Funds Transfer: A Central Bank Perspective
    Speech, Federal Reserve Bank of Richmond
68. Innovation in the New Financial Regulatory Environment
    Speech, Federal Reserve Bank of Richmond
69. Manufacturing in the New Southern Economy
    Speech, Federal Reserve Bank of Richmond
70. Prudential Stress Testing in Theory and Practice: Comments on 'Stressed Out: Macroprudential Principles for Stress Testing'
    Speech, Federal Reserve Bank of Richmond
71. Understanding the Interventionist Impulse of the Modern Central Bank
    Speech, Federal Reserve Bank of Richmond
    See also Journal Article Understanding the Interventionist Impulse of the Modern Central Bank, Cato Journal, Cato Journal, Cato Institute (2012) View citations (2) (2012)
72. What Does the Path to Full Recovery Look Like?
    Speech, Federal Reserve Bank of Richmond

2010

73. Economic Outlook, December 2010
    Speech, Federal Reserve Bank of Richmond
74. Economic Outlook, October 2010
    Speech, Federal Reserve Bank of Richmond
75. Economics, Policy and Politics
    Speech, Federal Reserve Bank of Richmond
76. Real Regulatory Reform
    Speech, Federal Reserve Bank of Richmond
77. Reflections on Economics, Policy and the Financial Crisis
    Speech, Federal Reserve Bank of Richmond
78. The Economic Outlook, April 2010
    Speech, Federal Reserve Bank of Richmond
79. The Economic Outlook, January 2010
    Speech, Federal Reserve Bank of Richmond
80. The Economic Outlook, July 2010
    Speech, Federal Reserve Bank of Richmond
81. The Economic Outlook, May 2010
    Speech, Federal Reserve Bank of Richmond
82. The Piedmont-Triad Regional Economic Outlook, May 2010
    Speech, Federal Reserve Bank of Richmond
83. The Regulatory Response to the Financial Crisis: An Early Assessment
    Speech, Federal Reserve Bank of Richmond
84. Unemployment and Monetary Policy: Lessons from Half a Century Ago
    Speech, Federal Reserve Bank of Richmond
85. Unveiling The Fed Experience
    Speech, Federal Reserve Bank of Richmond

2009

86. Choices in Financial Regulation
    Speech, Federal Reserve Bank of Richmond
87. Financial Conditions and the Economic Outlook
    Speech, Federal Reserve Bank of Richmond
    Also in Speech, Federal Reserve Bank of Richmond (2009)
    Speech, Federal Reserve Bank of Richmond (2008)
    Speech, Federal Reserve Bank of Richmond (2008)
    Speech, Federal Reserve Bank of Richmond (2008)
88. Financial Education in the Wake of the Crisis
    Speech, Federal Reserve Bank of Richmond
89. Government Lending and Monetary Policy
    Speech, Federal Reserve Bank of Richmond
    See also Journal Article Government Lending and Monetary Policy, Business Economics, Palgrave Macmillan (2009) View citations (5) (2009)
90. The Role of the Safety Net in the Financial Crisis
    Speech, Federal Reserve Bank of Richmond

2008

91. Financial Stability and Central Banks
    Speech, Federal Reserve Bank of Richmond
92. The Economic Outlook for 2008
    Speech, Federal Reserve Bank of Richmond
    Also in Speech, Federal Reserve Bank of Richmond (2008)
93. What Lessons Can We Learn from the Boom and Turmoil?
    Speech, Federal Reserve Bank of Richmond
    See also Journal Article What Lessons Can We Learn from the Boom and Turmoil?, Cato Journal, Cato Journal, Cato Institute (2009) View citations (4) (2009)

2007

94. Comments on "Understanding the Evolving Inflation Process"
    Speech, Federal Reserve Bank of Richmond
95. Community Affairs Research Conference — Opening Remarks
    Speech, Federal Reserve Bank of Richmond
    Also in Speech, Federal Reserve Bank of Richmond (2005)
96. Early Childhood Development and Economic Growth
    Speech, Federal Reserve Bank of Richmond
97. Inflation and Unemployment
    Speech, Federal Reserve Bank of Richmond
98. Inflation and Unemployment (revised)
    Speech, Federal Reserve Bank of Richmond
99. The Inflation Outlook
    Speech, Federal Reserve Bank of Richmond
    Also in Speech, Federal Reserve Bank of Richmond (2007)
100. The Role of Central Banks in Credit Markets
     Speech, Federal Reserve Bank of Richmond

2006

101. Central Bank Credit in the Theory of Money and Payments
     Speech, Federal Reserve Bank of Richmond
102. How Should Regulators Respond to Financial Innovation?
     Speech, Federal Reserve Bank of Richmond
103. Monetary Policy Tactics and Strategy
     Speech, Federal Reserve Bank of Richmond
104. The Evolution of Consumer Finance
     Speech, Federal Reserve Bank of Richmond
105. The Regional Economic Outlook
     Speech, Federal Reserve Bank of Richmond
106. Transition and Continuity at the Federal Reserve
     Speech, Federal Reserve Bank of Richmond

2005

107. Inflation Targeting and the Conduct of Monetary Policy
     Speech, Federal Reserve Bank of Richmond
108. Interest Rate Policy After Greenspan
     Speech, Federal Reserve Bank of Richmond
109. Payment Economics and the Role of the Central Banks
     Speech, Federal Reserve Bank of Richmond
110. Retail Financial Innovation
     Speech, Federal Reserve Bank of Richmond
111. Technology and Labor Markets
     Speech, Federal Reserve Bank of Richmond

2003

112. Payment system disruptions and the Federal Reserve following September 11, 2001
     Working Paper, Federal Reserve Bank of Richmond View citations (10)
     See also Journal Article Payment system disruptions and the federal reserve following September 11, 2001, Journal of Monetary Economics, Elsevier (2004) View citations (27) (2004)

2001

113. Online Appendix to Collateralized Debt as the Optimal Contract
     Online Appendices, Review of Economic Dynamics View citations (24)
     See also Journal Article Collateralized Debt as the Optimal Contract, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2001) View citations (37) (2001)

1999

114. Limited commitment and central bank lending
     Working Paper, Federal Reserve Bank of Richmond View citations (32)
     See also Journal Article Limited commitment and central bank lending, Economic Quarterly, Federal Reserve Bank of Richmond (1999) View citations (37) (1999)

1998

115. Collateralized debt as the optimal contract
     Working Paper, Federal Reserve Bank of Richmond View citations (15)
     See also Journal Article Collateralized Debt as the Optimal Contract, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2001) View citations (37) (2001)

1997

116. Clearing, settlement, and monetary policy
     Working Paper, Federal Reserve Bank of Richmond View citations (33)
     See also Journal Article Clearing, settlement and monetary policy, Journal of Monetary Economics, Elsevier (1997) View citations (34) (1997)

1996

117. Stored value cards: costly private substitutes for currency
     Working Paper, Federal Reserve Bank of Richmond

1995

118. The coalition-proof core in adverse selection economies
     Working Paper, Federal Reserve Bank of Richmond View citations (1)

1991

119. Money, trade credit and asset prices
     Working Paper, Federal Reserve Bank of Richmond View citations (2)

1990

120. A "COALITION PROOF" EQUILIBRIUM FOR A PRIVATE INFORMATION CREDIT ECONOMY
     Purdue University Economics Working Papers, Purdue University, Department of Economics
     Also in Working Paper, Federal Reserve Bank of Richmond (1990) View citations (3)
     See also Journal Article A Coalition Proof Equilibrium for a Private Information Credit Economy, Economic Theory, Springer (1993) View citations (5) (1993)

1989

121. Limited commitment and costly enforcement
     Working Paper, Federal Reserve Bank of Richmond View citations (3)
122. OPTIMAL CONTRACTS UNDER COSTLY STATE FALSIFICATION
     Purdue University Economics Working Papers, Purdue University, Department of Economics View citations (122)
     See also Journal Article Optimal Contracts under Costly State Falsification, Journal of Political Economy, University of Chicago Press (1989) View citations (141) (1989)

1988

123. Optimal Contracts Costly State Falsificaion
     Purdue University Economics Working Papers, Purdue University, Department of Economics

1982

124. Optimal Policy And The Distribution Of Un-Employment By Industry
     SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute

Journal Articles

2024

1. Racing Through Red Lines
   Business Economics, 2024, 59, (1), 64-66

2023

2. Money Market Fund Reform: Dealing with the Fundamental Problem
   JRFM, 2023, 16, (1), 1-14 View citations (1)
   See also Working Paper Money Market Fund Reform: Dealing with the Fundamental Problem, Working Paper (2022) (2022)

2019

3. Forward guidance a Comment
   Journal of Monetary Economics, 2019, 102, (C), 24-28

2016

4. Joining Community Development and Research
   Econ Focus, 2016, (1Q), 1-1
5. Minority Unemployment and the FOMC
   Econ Focus, 2016, (2Q), 1-1
6. Monetary Rules in an Independent Fed
   Econ Focus, 2016, (3Q/4Q), 1-1
7. What Monetary Policy Can Do
   Cato Journal, 2016, 36, (2), 261-268

2015

8. Creating the Richmond Fed's Bailout Barometer
   Econ Focus, 2015, (1Q), 1-1
9. Scaling Back Debt Subsidies
   Econ Focus, 2015, (2Q), 1-1
10. Should the Fed Have a Financial Stability Mandate? Lessons from the Fed's First 100 Years
    Economic Quarterly, 2015, (1Q), 49-75
    Also in Annual Report, 2013, 5-25 (2013) View citations (1)
11. The Dual Mandate and Emerging Markets
    Econ Focus, 2015, (3Q), 1-1
12. The Fed-Bank Relationship Under Scrutiny
    Econ Focus, 2015, (4Q), 1-1

2014

13. Fed Credit Policy: What is a Lender of Last Resort?
    Journal of Economic Dynamics and Control, 2014, 49, (C), 135-138
14. President's Message: Financial Learning is a Lifelong Process
    Econ Focus, 2014, (3Q), 1-1
15. President's Message: Investing in People as an Economic Growth Strategy
    Econ Focus, 2014, (2Q), 1-1
16. President's Message: Maturity Mismatch and Financial Stability
    Econ Focus, 2014, (1Q), 1-1
17. President's Message: What's It Like on the FOMC?
    Econ Focus, 2014, (4Q), 1-1
18. Should the Fed Do Emergency Lending?
    Richmond Fed Economic Brief, 2014, (July) View citations (1)

2013

19. President's Message: Financial System Fragility - Inherent or Induced?
    Econ Focus, 2013, (2Q), 1-1
20. President's Message: Hitting the Mark
    Econ Focus, 2013, (3Q), 1-1
21. President’s message: Big banks needs “living wills”
    Econ Focus, 2013, 17, (1Q), 1
22. Presidnent's Message: Rethinking the ‘Lender of Last Resort’
    Econ Focus, 2013, (4Q), 1-1

2012

23. President's message: The importance of bankers on the Richmond Fed's Board
    Econ Focus, 2012, 16, (2Q/3Q), 1
24. President's message: The limits of limiting financial innovation
    Econ Focus, 2012, 16, (1Q), 1
25. President's message:The dangers of the Fed conducting credit policy
    Econ Focus, 2012, 16, (4Q), 1
26. Understanding the Interventionist Impulse of the Modern Central Bank
    Cato Journal, 2012, 32, (2), 247-253 View citations (2)
    See also Working Paper Understanding the Interventionist Impulse of the Modern Central Bank, Speech (2011) (2011)

2011

27. President's message: Don't I buy food or gasoline?
    Econ Focus, 2011, 15, (1Q), 1
28. President's message: Economic growth: two possible paths
    Econ Focus, 2011, 15, (2Q), 1
29. President's message: Is joblessness now a skills problem?
    Econ Focus, 2011, 15, (3Q), 1
30. President's message: What should policymakers do about executive pay?
    Econ Focus, 2011, 15, (4Q), 1

2010

31. Now how large is the safety net?
    Richmond Fed Economic Brief, 2010, (June)
32. President's message: A new approach to federal housing policy
    Econ Focus, 2010, 14, (3Q), 1
33. President's message: Expectations and monetary policy
    Econ Focus, 2010, 14, (1Q), 1
34. President's message: Placing limits on Fed 'credit policy'
    Econ Focus, 2010, 14, (2Q), 1

2009

35. Government Lending and Monetary Policy
    Business Economics, 2009, 44, (3), 136-142 View citations (5)
    See also Working Paper Government Lending and Monetary Policy, Speech (2009) (2009)
36. President's message: Decentralization and the Fed
    Econ Focus, 2009, 13, (Sum), 1
37. President's message: The (limited) role of credit ratings in the financial crisis
    Econ Focus, 2009, 13, (Spr), 1
38. President's message: The importance of financial education
    Econ Focus, 2009, 13, (Fall), 1
39. President's message: Time to rethink \\"too big to fail\\"
    Econ Focus, 2009, 13, (Win), 1
40. What Lessons Can We Learn from the Boom and Turmoil?
    Cato Journal, 2009, 29, (1), 53-63 View citations (4)
    See also Working Paper What Lessons Can We Learn from the Boom and Turmoil?, Speech (2008) (2008)

2008

41. President's message: Financial stability and the Fed
    Econ Focus, 2008, 12, (Spr/Sum), 1
42. President's message: Henry Thornton, Walter Bagehot, and the modern central bank
    Econ Focus, 2008, 12, (Fall), 1
43. President's message: Of mortgages and markets
    Econ Focus, 2008, 12, (Win), 1

2007

44. Inflation and unemployment: a layperson's guide to the Phillips curve
    Economic Quarterly, 2007, 93, (Sum), 201-227 View citations (5)
45. President's message: Lessons of the Phillips curve
    Econ Focus, 2007, 11, (Spr), 1
46. President's message: Looking forward
    Econ Focus, 2007, 11, (Fall), 1
47. President's message: No guarantees
    Econ Focus, 2007, 11, (Sum), 1
48. President's message: Policy trumps luck
    Econ Focus, 2007, 11, (Win), 1

2006

49. Inflation and unemployment: a layperson's guide to the Phillips curve. 2006 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2006, 5-29 View citations (2)
50. Noteworthy: Rules, discretion, and the future of the Fed
    Econ Focus, 2006, 10, (Win), 1
51. President's message: Banking on credibility
    Econ Focus, 2006, 10, (Sum), 1
52. President's message: Credit cards on campus
    Econ Focus, 2006, 10, (Fall), 1
53. President's message: Pensions in the 21st century
    Econ Focus, 2006, 10, (Spr), 1

2005

54. Noteworthy: Does deregulation undermine stability?
    Econ Focus, 2005, 9, (Win), 1
55. Noteworthy: Encouraging homeownership - at what cost?
    Econ Focus, 2005, 9, (Spr), 1
56. Noteworthy: Retail credit expansion and regulatory overreaction
    Econ Focus, 2005, 9, (Sum), 1
57. Noteworthy: The promise and peril of government intervention
    Econ Focus, 2005, 9, (Fall), 1

2004

58. Noteworthy: Fed lending and moral hazard
    Econ Focus, 2004, 8, (Fall), 1
59. Payment system disruptions and the federal reserve following September 11, 2001
    Journal of Monetary Economics, 2004, 51, (5), 935-965 View citations (27)
    See also Working Paper Payment system disruptions and the Federal Reserve following September 11, 2001, Working Paper (2003) View citations (10) (2003)

2003

60. Payment economics: studying the mechanics of exchange
    Journal of Monetary Economics, 2003, 50, (2), 381-387 View citations (4)

2002

61. Accounting for corporate behavior. 2002 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2002
62. The economics of financial privacy: to opt out or to opt in?
    Economic Quarterly, 2002, (Sum), 1-16 View citations (6)

2001

63. Collateralized Debt as the Optimal Contract
    Review of Economic Dynamics, 2001, 4, (4), 842-859 View citations (37)
    See also Working Paper Online Appendix to Collateralized Debt as the Optimal Contract, Online Appendices (2001) View citations (24) (2001)
    Working Paper Collateralized debt as the optimal contract, Working Paper (1998) View citations (15) (1998)
64. Introduction
    Economic Quarterly, 2001, (Win), 1-6
65. The CLS bank: a solution to the risks of international payments settlement? A comment
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 227-233 View citations (2)
66. The economics of financial privacy: to opt out or opt in? 2001 annual report of the Federal Reserve Bank of Richmond
    Annual Report, 2001

1999

67. Coalition-Proof Allocations in Adverse-Selection Economies
    The Geneva Risk and Insurance Review, 1999, 24, (1), 5-17 View citations (5)
68. Comment on Redemption Costs and Interest Rates under the U.S. National Banking System
    Journal of Money, Credit and Banking, 1999, 31, (3), 590-93 View citations (2)
69. Limited commitment and central bank lending
    Economic Quarterly, 1999, (Fall), 1-27 View citations (37)
    See also Working Paper Limited commitment and central bank lending, Working Paper (1999) View citations (32) (1999)
70. The Fed's entry into check clearing reconsidered
    Economic Quarterly, 1999, (Spr), 1-32 View citations (12)

1998

71. Can the Fed be a payment system innovator?
    Economic Quarterly, 1998, (Spr), 1-25 View citations (7)

1997

72. Clearing, settlement and monetary policy
    Journal of Monetary Economics, 1997, 40, (2), 347-381 View citations (34)
    See also Working Paper Clearing, settlement, and monetary policy, Working Paper (1997) View citations (33) (1997)
73. The check float puzzle
    Economic Quarterly, 1997, (Sum), 1-26 View citations (6)

1996

74. Money and credit as means of payment
    Journal of Monetary Economics, 1996, 38, (1), 3-23 View citations (56)
75. Stored value cards: costly private substitutes for government currency
    Economic Quarterly, 1996, (Sum), 1-25 View citations (10)

1995

76. Errors in variables and lending discrimination
    Economic Quarterly, 1995, (Sum), 19-32 View citations (1)
77. Neighborhoods and banking
    Economic Quarterly, 1995, (Spr), 13-38 View citations (11)

1994

78. Does adverse selection justify government intervention in loan markets?
    Economic Quarterly, 1994, (Win), 61-95 View citations (16)

1993

79. A Coalition Proof Equilibrium for a Private Information Credit Economy
    Economic Theory, 1993, 3, (2), 279-96 View citations (5)
    See also Working Paper A "COALITION PROOF" EQUILIBRIUM FOR A PRIVATE INFORMATION CREDIT ECONOMY, Purdue University Economics Working Papers (1990) (1990)
80. Should we subsidize the use of currency?
    Economic Quarterly, 1993, (Win), 47-73 View citations (12)

1991

81. Why is there debt?
    Economic Review, 1991, 77, (Jul), 3-19 View citations (7)

1990

82. Incentive compatible financial contracts, asset prices, and the value of control
    Journal of Financial Intermediation, 1990, 1, (1), 31-56 View citations (3)
83. Inside money and real output: A reinterpretation
    Journal of Macroeconomics, 1990, 12, (1), 65-79 View citations (1)
84. Takeovers and stock price volatility
    Economic Review, 1990, 76, (Mar), 29-44 View citations (1)

1989

85. Financial Intermediation, Optimality, and Efficiency
    Canadian Journal of Economics, 1989, 22, (2), 364-82
86. Optimal Contracts under Costly State Falsification
    Journal of Political Economy, 1989, 97, (6), 1345-63 View citations (141)
    See also Working Paper OPTIMAL CONTRACTS UNDER COSTLY STATE FALSIFICATION, Purdue University Economics Working Papers (1989) View citations (122) (1989)

1988

87. Inside money and real output
    Economics Letters, 1988, 28, (1), 9-14 View citations (4)