Details about Jeffrey Lacker

Access statistics for papers by Jeffrey Lacker.

Last updated 2024-02-06. Update your information in the RePEc Author Service.

Short-id: pla44

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)

2003

2. 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

3. 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

4. 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

5. 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

6. 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

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

1995

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

1991

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

1990

10. 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

11. Limited commitment and costly enforcement
    Working Paper, Federal Reserve Bank of Richmond View citations (3)
12. 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

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

1982

14. 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)

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)
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)

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 (1)
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 (3)