Details about Benjamin R. Lester
Access statistics for papers by Benjamin R. Lester.
Last updated 2019-10-09. Update your information in the RePEc Author Service.
Short-id: ple283
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Working Papers
2019
- Frictional Intermediation in Over-the-Counter Markets
2019 Meeting Papers, Society for Economic Dynamics View citations (1)
Also in Working Papers, Federal Reserve Bank of Philadelphia (2019) View citations (1) Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2018)  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1) NBER Working Papers, National Bureau of Economic Research, Inc (2018)  Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2018)
- Heterogeneity in Decentralized Asset Markets
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in Working Papers, Federal Reserve Bank of Philadelphia (2019) 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (9) NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (27) Working Papers, Federal Reserve Bank of Philadelphia (2015) View citations (14) Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2014) View citations (9)
2018
- A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow
Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
Also in Staff Reports, Federal Reserve Bank of New York (2018) View citations (1)
See also Journal Article in Review of Economic Dynamics (2019)
- Job Referrals and Skills
2018 Meeting Papers, Society for Economic Dynamics
- Market-making with Search and Information Frictions
Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2018) View citations (2) NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (2)
2017
- Market-Making with Search and Private Information
2017 Meeting Papers, Society for Economic Dynamics
- Screening and Adverse Selection in Frictional Markets
Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (16) 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (12) Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2016)  Working Papers, Federal Reserve Bank of Philadelphia (2016) View citations (4)
See also Journal Article in Journal of Political Economy (2019)
2016
- Adverse Selection, Search Frictions and Liquidity in Financial Markets
2016 Meeting Papers, Society for Economic Dynamics
- Competing with Asking Prices
CESifo Working Paper Series, CESifo Group Munich View citations (3)
Also in ESE Discussion Papers, Edinburgh School of Economics, University of Edinburgh (2015) View citations (2) 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (7) IZA Discussion Papers, Institute of Labor Economics (IZA) (2013) View citations (7) UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía (2014)  SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2014)  Working Papers, Federal Reserve Bank of Philadelphia (2013) View citations (5) Working Papers, University of Toronto, Department of Economics (2013) View citations (11)
See also Journal Article in Theoretical Economics (2017)
- Excess Reserves and Monetary Policy Implementation
Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
See also Journal Article in Review of Economic Dynamics (2017)
- Excess reserves and monetary policy normalization
Working Papers, Federal Reserve Bank of Philadelphia View citations (8)
Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (5)
- INFORMATION SPILLOVERS, GAINS FROM TRADE, AND INTERVENTIONS IN FROZEN MARKETS
Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
See also Journal Article in Review of Financial Studies (2016)
- Interviews and the Assignment of Workers to Firms
2016 Meeting Papers, Society for Economic Dynamics View citations (1)
2015
- Dynamic Relational Contracts under Complete Information
SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE)
2014
- Competing for Order Flow in OTC Markets
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
Also in Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (15)
See also Journal Article in Journal of Money, Credit and Banking (2015)
- Competing with Asking Prices (first version)
ESE Discussion Papers, Edinburgh School of Economics, University of Edinburgh View citations (2)
- Decentralized Asset Markets with a Continuum of Types
2014 Meeting Papers, Society for Economic Dynamics
- Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets
ESE Discussion Papers, Edinburgh School of Economics, University of Edinburgh View citations (1)
Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2014) View citations (1) SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2014) View citations (2) 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (2) UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía (2014) View citations (1) Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (1) Working Papers, University of Toronto, Department of Economics (2014) View citations (5)
See also Journal Article in Journal of Economic Theory (2015)
- OTC Trading vs. Exchanges: A welfare comparison
2014 Meeting Papers, Society for Economic Dynamics
2013
- Subsidizing price discovery
Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (6)
2012
- Asking Prices and Inspection Goods
2012 Meeting Papers, Society for Economic Dynamics
- Interviews and the Assignment of Workers to Jobs
2012 Meeting Papers, Society for Economic Dynamics View citations (3)
2011
- Trading Dynamics in Decentralized Markets with Adverse Selection
2011 Meeting Papers, Society for Economic Dynamics View citations (8)
Also in Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (26) 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (2)
See also Journal Article in Journal of Economic Theory (2014)
2010
- Information, Liquidity, Asset Prices and Monetary Policy, Second Version
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
2008
- Endogenous, State-Dependent Matching with Implications for the Cyclical Behavior of Unemployment
2008 Meeting Papers, Society for Economic Dynamics
- Information, Liquidity and Asset Prices
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (15)
2006
- A Model of Interbank Settlement
2006 Meeting Papers, Society for Economic Dynamics View citations (4)
Journal Articles
2019
- A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow
Review of Economic Dynamics, 2019, 33, 177-204 View citations (1)
See also Working Paper (2018) Software Item (2019)
- Implementing Monetary Policy in a Changing Federal Funds Market
Economic Insights, 2019, 4, (2), 15-20
- RED Special Issue on Fragmented Financial Markets: An Introduction
Review of Economic Dynamics, 2019, 33, 1-3
- Screening and Adverse Selection in Frictional Markets
Journal of Political Economy, 2019, 127, (1), 338 - 377 
See also Working Paper (2017)
2017
- Competing with asking prices
Theoretical Economics, 2017, 12, (2) View citations (7)
See also Working Paper (2016)
- Excess Reserves and Monetary Policy Implementation
Review of Economic Dynamics, 2017, 23, 212-235 View citations (14)
See also Software Item (2016) Working Paper (2016)
2016
- Information Spillovers, Gains from Trade, and Interventions in Frozen Markets
Review of Financial Studies, 2016, 29, (5), 1291-1329 View citations (4)
See also Working Paper (2016)
2015
- Competing for Order Flow in OTC Markets
Journal of Money, Credit and Banking, 2015, 47, (S2), 77-126 View citations (10)
See also Working Paper (2014)
- Meeting technologies and optimal trading mechanisms in competitive search markets
Journal of Economic Theory, 2015, 155, (C), 1-15 View citations (33)
See also Working Paper (2014)
- Why ask? the role of asking prices in transactions
Business Review, 2015, (Q4), 1-4 View citations (2)
2014
- Trading dynamics in decentralized markets with adverse selection
Journal of Economic Theory, 2014, 153, (C), 534-568 View citations (25)
See also Working Paper (2011)
2013
- Breaking the ice: government interventions in frozen markets
Business Review, 2013, (Q4), 19-25 View citations (2)
2012
- Information Acquisition and the Exclusion of Evidence in Trials
Journal of Law, Economics, and Organization, 2012, 28, (1), 163-182 View citations (4)
- Information, Liquidity, Asset Prices, and Monetary Policy
Review of Economic Studies, 2012, 79, (3), 1209-1238 View citations (114)
2011
- Information and Liquidity
Journal of Money, Credit and Banking, 2011, 43, 355-377 View citations (41)
- Information and Prices with Capacity Constraints
American Economic Review, 2011, 101, (4), 1591-1600 View citations (38)
2010
- Directed search with multi-vacancy firms
Journal of Economic Theory, 2010, 145, (6), 2108-2132 View citations (27)
2009
- Settlement Systems
The B.E. Journal of Macroeconomics, 2009, 9, (1), 1-35 View citations (3)
Software Items
2019
- Code and data files for "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2019)
2016
- Code and data files for "Excess Reserves and Monetary Policy Implementation"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2017)
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