Details about Guido Menzio

Homepage:	https://wp.nyu.edu/guido_menzio/
Workplace:	National Bureau of Economic Research (NBER), (more information at EDIRC) Department of Economics, New York University (NYU), (more information at EDIRC)

Access statistics for papers by Guido Menzio.

Last updated 2024-08-28. Update your information in the RePEc Author Service.

Short-id: pme246

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Working Papers

2024

A Delegation Approach to Regulating Hiring Discrimination
NBER Working Papers, National Bureau of Economic Research, Inc
Efficient Imperfect Competition with an Application to International Trade
NBER Working Papers, National Bureau of Economic Research, Inc
Markups: A Search-Theoretic Perspective
NBER Working Papers, National Bureau of Economic Research, Inc
The Alpha Beta Gamma of the Labor Market
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
Also in Department of Economics Working Papers, Stony Brook University, Department of Economics (2021) View citations (11)
Working Papers, U.S. Census Bureau, Center for Economic Studies (2022)
NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (11)

2023

Search Theory of Imperfect Competition with Decreasing Returns to Scale
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
See also Journal Article Search theory of imperfect competition with decreasing returns to scale, Journal of Economic Theory, Elsevier (2024) (2024)

2022

Stubborn Beliefs in Search Equilibrium
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
See also Journal Article Stubborn Beliefs in Search Equilibrium, NBER Macroeconomics Annual, University of Chicago Press (2023) (2023)
Chapter Stubborn Beliefs in Search Equilibrium, NBER Chapters, National Bureau of Economic Research, Inc (2022) View citations (5) (2022)

2021

Market Freezes
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article Market Freezes, Journal of Money, Credit and Banking, Blackwell Publishing (2024) (2024)
Optimal Product Design: Implications for Competition and Growth under Declining Search Frictions
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
See also Journal Article Optimal Product Design: Implications for Competition and Growth Under Declining Search Frictions, Econometrica, Econometric Society (2023) View citations (7) (2023)
Search Theorems for Growth
Annual Meeting Plenary, Society for Economic Dynamics
Vertical Differentiation in Frictional Product Markets
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article Vertical Differentiation in Frictional Product Markets, Journal of Political Economy Macroeconomics, University of Chicago Press (2023) View citations (3) (2023)
Worker Types in the U.S. Labor Market
On the Economy, Federal Reserve Bank of St. Louis

2017

Knowledge Diffusion Within and Across Firms
2017 Meeting Papers, Society for Economic Dynamics
The (Q,S,s) Pricing Rule: A Quantitative Analysis
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (4)
See also Journal Article The (Q,S,s) pricing rule: a quantitative analysis, Research in Economics, Elsevier (2017) View citations (4) (2017)

2016

Agency Business Cycles
2016 Meeting Papers, Society for Economic Dynamics
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (2)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (1)
See also Journal Article Agency business cycles, Theoretical Economics, Econometric Society (2020) View citations (4) (2020)
Evidence on the Relationship between Recruiting and Starting Wage
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2016) View citations (10)
See also Journal Article Evidence on the relationship between recruiting and the starting wage, Labour Economics, Elsevier (2018) View citations (33) (2018)
Relative Price Dispersion: Evidence and Theory
Working Paper, Federal Reserve Bank of Richmond View citations (26)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2016) View citations (21)
Working Papers, Federal Reserve Bank of Philadelphia (2016) View citations (15)
NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (21)
See also Journal Article Relative Price Dispersion: Evidence and Theory, American Economic Journal: Microeconomics, American Economic Association (2019) View citations (34) (2019)
Tough Middlemen
2016 Meeting Papers, Society for Economic Dynamics View citations (1)

2015

Directed Search over the Life Cycle
SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (4)
Also in UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de EconomÃa (2012) View citations (45)
Edinburgh School of Economics Discussion Paper Series, Edinburgh School of Economics, University of Edinburgh (2015) View citations (4)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2012) View citations (30)
2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (17)
2011 Meeting Papers, Society for Economic Dynamics (2011)
NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (38)
See also Journal Article Directed Search over the Life Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (64) (2016)
Equilibrium Price Dispersion Across and Within Stores
Working Paper, Federal Reserve Bank of Richmond View citations (22)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (20)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (23)
See also Journal Article Equilibrium Price Dispersion Across and Within Stores, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (17) (2018)
Relative Price Dispersion
2015 Meeting Papers, Society for Economic Dynamics View citations (4)

2014

A Simple Model of Price Dispersion and Price Rigidity
2014 Meeting Papers, Society for Economic Dynamics View citations (1)
Equilibrium Price Dispersion with Sequential Search
2014 Meeting Papers, Society for Economic Dynamics View citations (1)
See also Journal Article Equilibrium price dispersion with sequential search, Journal of Economic Theory, Elsevier (2015) View citations (15) (2015)
Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2014) View citations (3)
Working Paper, Federal Reserve Bank of Richmond (2014) View citations (3)
The Morphology of Price Dispersion
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (33)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (11)
Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. (2014) View citations (14)
See also Journal Article THE MORPHOLOGY OF PRICE DISPERSION, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2015) View citations (34) (2015)

2013

(Q,S,s) Pricing Rules
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2013) View citations (1)
See also Journal Article The (Q,S,s) Pricing Rule, The Review of Economic Studies, Review of Economic Studies Ltd (2018) View citations (8) (2018)
A Monetary Theory with Non-degenerate Distributions
Working Papers, University of Toronto, Department of Economics View citations (27)
Also in 2010 Meeting Papers, Society for Economic Dynamics (2010)
2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (7)
Working Paper, Economics Department, Queen's University (2011) View citations (2)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2011) View citations (2)
Working Papers, University of Toronto, Department of Economics (2011) View citations (9)
See also Journal Article A monetary theory with non-degenerate distributions, Journal of Economic Theory, Elsevier (2013) View citations (31) (2013)
Five Facts About Price Dispersion
2013 Meeting Papers, Society for Economic Dynamics View citations (6)
Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (45)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2012) View citations (84)
NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (46)
See also Journal Article Shopping Externalities and Self-Fulfilling Unemployment Fluctuations, Journal of Political Economy, University of Chicago Press (2016) View citations (92) (2016)

2012

Taxation and Redistribution of Residual Income Inequality
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2012) View citations (20)
See also Journal Article Taxation and Redistribution of Residual Income Inequality, Journal of Political Economy, University of Chicago Press (2013) View citations (51) (2013)

2011

Efficient Search on the Job and the Business Cycle
Working Papers, University of Toronto, Department of Economics View citations (191)
Also in Working Papers, University of Toronto, Department of Economics (2008) View citations (17)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) View citations (15)
NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (40)
See also Journal Article Efficient Search on the Job and the Business Cycle, Journal of Political Economy, University of Chicago Press (2011) View citations (246) (2011)
Sticky Prices: A New Monetarist Approach
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (6)
See also Journal Article STICKY PRICES: A NEW MONETARIST APPROACH, Journal of the European Economic Association, European Economic Association (2012) View citations (64) (2012)

2010

Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations
Working Papers, University of Toronto, Department of Economics View citations (46)
See also Journal Article Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations, American Economic Review, American Economic Association (2010) View citations (42) (2010)
Equilibrium Price Dispersion and Rigidity: A New Monetarist Approach
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (5)
Sticky Prices?
2010 Meeting Papers, Society for Economic Dynamics View citations (4)
Worker replacement
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) View citations (6)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (11)
See also Journal Article Worker replacement, Journal of Monetary Economics, Elsevier (2010) View citations (4) (2010)

2009

Block Recursive Equilibria for Stochastic Models of Search on the Job
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (12)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2009) View citations (40)
Working Papers, University of Toronto, Department of Economics (2009) View citations (14)
See also Journal Article Block recursive equilibria for stochastic models of search on the job, Journal of Economic Theory, Elsevier (2010) View citations (165) (2010)
Efficient Search on the Job and the Business Cycle, Second Version
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (6)
Inflation and unemployment in the long run
Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (1)
Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (10)
IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich (2009) View citations (44)
NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (12)
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) View citations (25)
See also Journal Article Inflation and Unemployment in the Long Run, American Economic Review, American Economic Association (2011) View citations (122) (2011)
Job Search with Bidder Memories
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2009) View citations (1)
FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (4)
See also Journal Article JOB SEARCH WITH BIDDER MEMORIES, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2011) View citations (10) (2011)

2008

A Tractable Model of Search on the Job and Aggregate Fluctuations
2008 Meeting Papers, Society for Economic Dynamics View citations (1)
On-the-Job Search and Business Cycles
Working Papers, University of Toronto, Department of Economics View citations (4)
Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (3)

2007

A Search Theory of Rigid Prices
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (17)
A Theory of Partially Directed Search
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (104)
See also Journal Article A Theory of Partially Directed Search, Journal of Political Economy, University of Chicago Press (2007) View citations (106) (2007)
Dynamic Pricing in a Frictional Product Market
2007 Meeting Papers, Society for Economic Dynamics View citations (1)
Inflation and Unemployment: Lagos-Wright meets Mortensen-Pissarides
Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (6)
Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (6)

2006

Incomplete self-enforcing labor contracts
2006 Meeting Papers, Society for Economic Dynamics View citations (4)

Journal Articles

2024

Market Freezes
Journal of Money, Credit and Banking, 2024, 56, (6), 1291-1320
See also Working Paper Market Freezes, NBER Working Papers (2021) (2021)
Search theory of imperfect competition with decreasing returns to scale
Journal of Economic Theory, 2024, 218, (C)
See also Working Paper Search Theory of Imperfect Competition with Decreasing Returns to Scale, NBER Working Papers (2023) View citations (1) (2023)

2023

Optimal Product Design: Implications for Competition and Growth Under Declining Search Frictions
Econometrica, 2023, 91, (2), 605-639 View citations (7)
See also Working Paper Optimal Product Design: Implications for Competition and Growth under Declining Search Frictions, NBER Working Papers (2021) View citations (3) (2021)
Stubborn Beliefs in Search Equilibrium
NBER Macroeconomics Annual, 2023, 37, (1), 239 - 297
See also Chapter Stubborn Beliefs in Search Equilibrium, NBER Chapters, 2022, 239-297 (2022) View citations (5) (2022)
Working Paper Stubborn Beliefs in Search Equilibrium, NBER Working Papers (2022) View citations (7) (2022)
Vertical Differentiation in Frictional Product Markets
Journal of Political Economy Macroeconomics, 2023, 1, (3), 586 - 632 View citations (3)
See also Working Paper Vertical Differentiation in Frictional Product Markets, NBER Working Papers (2021) (2021)

2021

Classifying Worker Types in the U.S. Labor Market
Economic Synopses, 2021, (10), 1-2
Jacks of All Trades and Masters of One: Declining Search Frictions and Unequal Growth
American Economic Review: Insights, 2021, 3, (3), 339-52 View citations (7)
See also Working Paper Jacks of All Trades and Masters of One: Declining Search Frictions and Unequal Growth, Staff Report (2020) (2020)
Revisiting the Hypothesis of High Discounts and High Unemployment
The Economic Journal, 2021, 131, (637), 2203-2232 View citations (3)
See also Working Paper Revisiting the Hypothesis of High Discounts and High Unemployment, Edinburgh School of Economics Discussion Paper Series (2020) View citations (4) (2020)
Worker Types, Job Displacement, and Duration Dependence
Economic Synopses, 2021, (13), 1-2

2020

Agency business cycles
Theoretical Economics, 2020, 15, (1) View citations (4)
See also Working Paper Agency Business Cycles, 2016 Meeting Papers (2016) (2016)
Declining Search Frictions, Unemployment, and Growth
Journal of Political Economy, 2020, 128, (12), 4387 - 4437 View citations (18)
See also Working Paper Declining Search Frictions, Unemployment and Growth, PIER Working Paper Archive (2018) View citations (12) (2018)
Pandemic Recession: L- or V-Shaped?
Quarterly Review, 2020, 40, (01), 31 View citations (47)
See also Working Paper Pandemic Recession: L or V-Shaped?, NBER Working Papers (2020) View citations (75) (2020)

2019

Intra Firm Bargaining and Shapley Values
The Review of Economic Studies, 2019, 86, (2), 564-592 View citations (9)
See also Working Paper Intra Firm Bargaining and Shapley Values, PIER Working Paper Archive (2018) View citations (10) (2018)
Relative Price Dispersion: Evidence and Theory
American Economic Journal: Microeconomics, 2019, 11, (3), 68-124 View citations (34)
See also Working Paper Relative Price Dispersion: Evidence and Theory, Working Paper (2016) View citations (26) (2016)

2018

Equilibrium Price Dispersion Across and Within Stores
Review of Economic Dynamics, 2018, 28, 205-220 View citations (17)
See also Working Paper Equilibrium Price Dispersion Across and Within Stores, Working Paper (2015) View citations (22) (2015)
Software Item Code and data files for "Equilibrium Price Dispersion Across and Within Stores", Computer Codes (2017) (2017)
Evidence on the relationship between recruiting and the starting wage
Labour Economics, 2018, 50, (C), 67-79 View citations (33)
See also Working Paper Evidence on the Relationship between Recruiting and Starting Wage, NBER Working Papers (2016) View citations (9) (2016)
The (Q,S,s) Pricing Rule
The Review of Economic Studies, 2018, 85, (2), 892-928 View citations (8)
See also Working Paper (Q,S,s) Pricing Rules, NBER Working Papers (2013) View citations (4) (2013)

2017

The (Q,S,s) pricing rule: a quantitative analysis
Research in Economics, 2017, 71, (4), 784-797 View citations (4)
See also Working Paper The (Q,S,s) Pricing Rule: A Quantitative Analysis, PIER Working Paper Archive (2017) View citations (4) (2017)

2016

Directed Search over the Life Cycle
Review of Economic Dynamics, 2016, 19, 38-62 View citations (64)
See also Software Item Code and data files for "Directed Search over the Life Cycle", Computer Codes (2015) (2015)
Working Paper Directed Search over the Life Cycle, SIRE Discussion Papers (2015) View citations (4) (2015)
Introduction to the Special Issue in Honor of Dale Mortensen
Review of Economic Dynamics, 2016, 19, 1-3
Shopping Externalities and Self-Fulfilling Unemployment Fluctuations
Journal of Political Economy, 2016, 124, (3), 771 - 825 View citations (92)
See also Working Paper Shopping Externalities and Self-Fulfilling Unemployment Fluctuations, Working Papers (2013) View citations (45) (2013)

2015

Equilibrium price dispersion with sequential search
Journal of Economic Theory, 2015, 160, (C), 188-215 View citations (15)
See also Working Paper Equilibrium Price Dispersion with Sequential Search, 2014 Meeting Papers (2014) View citations (1) (2014)
THE MORPHOLOGY OF PRICE DISPERSION
International Economic Review, 2015, 56, (4), 1165-1206 View citations (34)
See also Working Paper The Morphology of Price Dispersion, PIER Working Paper Archive (2014) View citations (33) (2014)

2013

A monetary theory with non-degenerate distributions
Journal of Economic Theory, 2013, 148, (6), 2266-2312 View citations (31)
See also Working Paper A Monetary Theory with Non-degenerate Distributions, Working Papers (2013) View citations (27) (2013)
Taxation and Redistribution of Residual Income Inequality
Journal of Political Economy, 2013, 121, (6), 1160 - 1204 View citations (51)
See also Working Paper Taxation and Redistribution of Residual Income Inequality, NBER Working Papers (2012) View citations (6) (2012)
The Research Agenda: Greg Kaplan and Guido Menzio on the Macroeconomics of Bargain Hunting
EconomicDynamics Newsletter, 2013, 14, (2) View citations (1)

2012

STICKY PRICES: A NEW MONETARIST APPROACH
Journal of the European Economic Association, 2012, 10, (5), 939-973 View citations (64)
See also Working Paper Sticky Prices: A New Monetarist Approach, NBER Working Papers (2011) View citations (13) (2011)

2011

Efficient Search on the Job and the Business Cycle
Journal of Political Economy, 2011, 119, (3), 468 - 510 View citations (246)
See also Working Paper Efficient Search on the Job and the Business Cycle, Working Papers (2011) View citations (191) (2011)
Inflation and Unemployment in the Long Run
American Economic Review, 2011, 101, (1), 371-98 View citations (122)
See also Working Paper Inflation and unemployment in the long run, Kiel Working Papers (2009) View citations (1) (2009)
JOB SEARCH WITH BIDDER MEMORIES
International Economic Review, 2011, 52, (3), 639-655 View citations (10)
See also Working Paper Job Search with Bidder Memories, PIER Working Paper Archive (2009) (2009)

2010

Block recursive equilibria for stochastic models of search on the job
Journal of Economic Theory, 2010, 145, (4), 1453-1494 View citations (165)
See also Working Paper Block Recursive Equilibria for Stochastic Models of Search on the Job, NBER Working Papers (2009) View citations (11) (2009)
Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations
American Economic Review, 2010, 100, (2), 327-32 View citations (42)
See also Working Paper Directed Search on the Job, Heterogeneity, and Aggregate Fluctuations, Working Papers (2010) View citations (46) (2010)
Worker replacement
Journal of Monetary Economics, 2010, 57, (6), 623-636 View citations (4)
See also Working Paper Worker replacement, NBER Working Papers (2010) View citations (8) (2010)

2007

A Theory of Partially Directed Search
Journal of Political Economy, 2007, 115, (5), 748-769 View citations (106)
See also Working Paper A Theory of Partially Directed Search, PIER Working Paper Archive (2007) View citations (104) (2007)

Chapters

2022

Stubborn Beliefs in Search Equilibrium
A chapter in NBER Macroeconomics Annual 2022, volume 37, 2022, pp 239-297 View citations (5)
See also Journal Article Stubborn Beliefs in Search Equilibrium, University of Chicago Press (2023) (2023)
Working Paper Stubborn Beliefs in Search Equilibrium, National Bureau of Economic Research, Inc (2022) View citations (7) (2022)

Software Items

2017

Code and data files for "Equilibrium Price Dispersion Across and Within Stores"
Computer Codes, Review of Economic Dynamics
See also Journal Article Equilibrium Price Dispersion Across and Within Stores, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) View citations (17) (2018)

2015

Code and data files for "Directed Search over the Life Cycle"
Computer Codes, Review of Economic Dynamics
See also Journal Article Directed Search over the Life Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (64) (2016)