Details about Pierre-Olivier Weill

Access statistics for papers by Pierre-Olivier Weill.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pwe79

Working Papers

2024

1. Inventory, Market Making, and Liquidity in OTC Markets
   Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

2023

2. Sequential Search for Corporate Bonds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2022

3. A Theory of Participation in OTC and Centralized Markets
   Post-Print, HAL View citations (7)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (12)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (12)
   See also Journal Article A Theory of Participation in OTC and Centralized Markets, The Review of Economic Studies, Review of Economic Studies Ltd (2022) View citations (7) (2022)

2020

4. Corporate Bond Liquidity During the COVID-19 Crisis
   Working Papers, Federal Reserve Bank of Philadelphia View citations (30)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (50)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (48)
   See also Journal Article Corporate Bond Liquidity during the COVID-19 Crisis, The Review of Financial Studies, Society for Financial Studies (2021) View citations (68) (2021)
5. Heterogeneity in Decentralized Asset Markets
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2014) View citations (35)
   Working Papers, Federal Reserve Bank of Philadelphia (2015) View citations (16)
   NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (44)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019)
   Working Papers, Federal Reserve Bank of Philadelphia (2019)
   2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (12)
   See also Journal Article Heterogeneity in decentralized asset markets, Theoretical Economics, Econometric Society (2022) View citations (5) (2022)
6. The search theory of OTC markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (12)

2019

7. Frictional Intermediation in Over-the-Counter Markets
   2019 Meeting Papers, Society for Economic Dynamics View citations (6)
   Also in Working Papers, Federal Reserve Bank of Philadelphia (2019) View citations (5)
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2018) View citations (6)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (7)
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2018) View citations (6)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (6)
   See also Journal Article Frictional Intermediation in Over-the-Counter Markets, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (21) (2020)
8. Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in HEC Research Papers Series, HEC Paris (2017) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (5)
   See also Journal Article Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing, American Economic Review, American Economic Association (2021) View citations (2) (2021)

2018

9. An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Journal Article An heterogeneous-agent New-Monetarist model with an application to unemployment, Journal of Monetary Economics, Elsevier (2021) View citations (4) (2021)
10. Government Guarantees and the Valuation of American Banks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (12)
    Staff Report, Federal Reserve Bank of Minneapolis (2018) View citations (8)
    See also Chapter Government Guarantees and the Valuation of American Banks, NBER Chapters, National Bureau of Economic Research, Inc (2018) View citations (12) (2018)
    Journal Article Government Guarantees and the Valuation of American Banks, NBER Macroeconomics Annual, University of Chicago Press (2019) View citations (10) (2019)
11. Platform Trading with an OTC Market Fringe
    2018 Meeting Papers, Society for Economic Dynamics View citations (3)

2017

12. A Tractable Model of Monetary Exchange with Ex-Post Heterogeneity
    Working Paper, Federal Reserve Bank of Richmond
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (22)
    See also Journal Article A tractable model of monetary exchange with ex-post heterogeneity, Theoretical Economics, Econometric Society (2018) View citations (16) (2018)

2015

13. Competing for Order Flow in OTC Markets
    Post-Print, HAL View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (10)
    Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (16)
    See also Journal Article Competing for Order Flow in OTC Markets, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (31) (2015)
14. Liquid bank liabilities
    2015 Meeting Papers, Society for Economic Dynamics
15. Long-Run and Short-Run Effects of Money Injections
    2015 Meeting Papers, Society for Economic Dynamics View citations (7)
16. Working through the Distribution: Money in the Short and Long Run
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)

2014

17. A Model of Monetary Exchange with Lumpy Consumption
    2014 Meeting Papers, Society for Economic Dynamics View citations (3)
18. Decentralized Asset Markets with a Continuum of Types
    2014 Meeting Papers, Society for Economic Dynamics
19. Entry and Exit in OTC Derivatives Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Entry and Exit in OTC Derivatives Markets, Econometrica, Econometric Society (2015) View citations (61) (2015)
20. Equilibrium Pricing and Trading Volume under Preference Uncertainty
    Post-Print, HAL View citations (14)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2013)
    TSE Working Papers, Toulouse School of Economics (TSE) (2013)
    See also Journal Article Equilibrium Pricing and Trading Volume under Preference Uncertainty, The Review of Economic Studies, Review of Economic Studies Ltd (2014) View citations (16) (2014)

2013

21. Measuring the Financial Soundness of U.S. Firms, 1926-2012
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (2)
    See also Journal Article Measuring the financial soundness of U.S. firms, 1926–2012, Research in Economics, Elsevier (2017) View citations (11) (2017)
22. The Market for OTC Derivatives
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (32)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (32)

2012

23. Liquidity and Fragility in OTC Credit Derivatives Markets
    2012 Meeting Papers, Society for Economic Dynamics View citations (1)
24. Trading and liquidity with limited cognition
    Working Papers, HAL
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2010) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (3)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (5)
    TSE Working Papers, Toulouse School of Economics (TSE) (2010) View citations (4)
    2012 Meeting Papers, Society for Economic Dynamics (2012)

2011

25. Aggregate Implications of Micro Asset Market Segmentation
    Department of Economics - Working Papers Series, The University of Melbourne View citations (3)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (1)
    See also Journal Article Aggregate implications of micro asset market segmentation, Journal of Monetary Economics, Elsevier (2012) View citations (2) (2012)
26. Liquidity and the Threat of Fraudulent Assets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2011) View citations (5)
    See also Journal Article Liquidity and the Threat of Fraudulent Assets, Journal of Political Economy, University of Chicago Press (2012) View citations (116) (2012)
27. Liquidity in frictional asset markets
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (25)
    See also Journal Article Liquidity in Frictional Asset Markets, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (40) (2011)
28. Trading with Liquidity and Limited Cognition
    Post-Print, HAL View citations (5)

2010

29. 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 (107) (2011)

2009

30. Liquidity Shocks and Order Book Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2009) View citations (15)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (14)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2009) View citations (15)

2008

31. Crashes and Recoveries in Illiquid Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (14)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2007) View citations (10)
32. Learning from Prices: Public Communication and Welfare
    2008 Meeting Papers, Society for Economic Dynamics View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (22)
    See also Journal Article Learning from Prices: Public Communication and Welfare, Journal of Political Economy, University of Chicago Press (2010) View citations (144) (2010)

2007

33. A Search-Based Theory of the On-the-Run Phenomenon
    FMG Discussion Papers, Financial Markets Group View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (19)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2007) View citations (12)
    2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (8)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2005) View citations (3)
    See also Journal Article A Search‐Based Theory of the On‐the‐Run Phenomenon, Journal of Finance, American Finance Association (2008) View citations (176) (2008)
34. Asset Prices and the Composition of Consumption
    2007 Meeting Papers, Society for Economic Dynamics

2006

35. Learning by Matching
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)
36. Learning from Private and Public Observation of Other's Actions
    MPRA Paper, University Library of Munich, Germany View citations (30)
37. Why Has House Price Dispersion Gone Up?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article Why Has House Price Dispersion Gone Up?, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (181) (2010)

2004

38. Leaning against the wind
    2004 Meeting Papers, Society for Economic Dynamics View citations (16)
    See also Journal Article Leaning Against the Wind, The Review of Economic Studies, Review of Economic Studies Ltd (2007) View citations (150) (2007)
39. Liquidity Premia in Dynamic Bargaining Markets
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (15)
    See also Journal Article Liquidity premia in dynamic bargaining markets, Journal of Economic Theory, Elsevier (2008) View citations (94) (2008)

Journal Articles

2022

1. A Theory of Participation in OTC and Centralized Markets
   The Review of Economic Studies, 2022, 89, (6), 3223-3266 View citations (7)
   See also Working Paper A Theory of Participation in OTC and Centralized Markets, Post-Print (2022) View citations (7) (2022)
2. Heterogeneity in decentralized asset markets
   Theoretical Economics, 2022, 17, (3) View citations (5)
   See also Working Paper Heterogeneity in Decentralized Asset Markets, CEPR Discussion Papers (2020) View citations (4) (2020)

2021

3. An heterogeneous-agent New-Monetarist model with an application to unemployment
   Journal of Monetary Economics, 2021, 117, (C), 64-90 View citations (4)
   See also Working Paper An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment, NBER Working Papers (2018) View citations (2) (2018)
4. Corporate Bond Liquidity during the COVID-19 Crisis
   (The day coronavirus nearly broke the financial markets)
   The Review of Financial Studies, 2021, 34, (11), 5352-5401 View citations (68)
   See also Working Paper Corporate Bond Liquidity During the COVID-19 Crisis, Working Papers (2020) View citations (30) (2020)
5. Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing
   American Economic Review, 2021, 111, (11), 3575-3610 View citations (2)
   See also Working Paper Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing, CEPR Discussion Papers (2019) View citations (1) (2019)

2020

6. Frictional Intermediation in Over-the-Counter Markets
   The Review of Economic Studies, 2020, 87, (3), 1432-1469 View citations (21)
   See also Working Paper Frictional Intermediation in Over-the-Counter Markets, 2019 Meeting Papers (2019) View citations (6) (2019)
7. The Search Theory of Over-the-Counter Markets
   Annual Review of Economics, 2020, 12, (1), 747-773 View citations (16)

2019

8. Government Guarantees and the Valuation of American Banks
   NBER Macroeconomics Annual, 2019, 33, (1), 81 - 145 View citations (10)
   See also Chapter Government Guarantees and the Valuation of American Banks, NBER Chapters, 2018, 81-145 (2018) View citations (12) (2018)
   Working Paper Government Guarantees and the Valuation of American Banks, NBER Working Papers (2018) View citations (12) (2018)
9. RED Special Issue on Fragmented Financial Markets: An Introduction
   Review of Economic Dynamics, 2019, 33, 1-3

2018

10. A tractable model of monetary exchange with ex-post heterogeneity
    Theoretical Economics, 2018, 13, (3) View citations (16)
    See also Working Paper A Tractable Model of Monetary Exchange with Ex-Post Heterogeneity, Working Paper (2017) (2017)

2017

11. Measuring the financial soundness of U.S. firms, 1926–2012
    Research in Economics, 2017, 71, (3), 613-635 View citations (11)
    See also Working Paper Measuring the Financial Soundness of U.S. Firms, 1926-2012, NBER Working Papers (2013) View citations (2) (2013)

2015

12. Competing for Order Flow in OTC Markets
    Journal of Money, Credit and Banking, 2015, 47, (S2), 77-126 View citations (31)
    See also Working Paper Competing for Order Flow in OTC Markets, Post-Print (2015) View citations (4) (2015)
13. Entry and Exit in OTC Derivatives Markets
    Econometrica, 2015, 83, 2231-2292 View citations (61)
    See also Working Paper Entry and Exit in OTC Derivatives Markets, NBER Working Papers (2014) View citations (12) (2014)

2014

14. Equilibrium Pricing and Trading Volume under Preference Uncertainty
    The Review of Economic Studies, 2014, 81, (4), 1401-1437 View citations (16)
    See also Working Paper Equilibrium Pricing and Trading Volume under Preference Uncertainty, Post-Print (2014) View citations (14) (2014)

2012

15. Aggregate implications of micro asset market segmentation
    Journal of Monetary Economics, 2012, 59, (4), 319-335 View citations (2)
    See also Working Paper Aggregate Implications of Micro Asset Market Segmentation, Department of Economics - Working Papers Series (2011) View citations (3) (2011)
16. Learning from private and public observations of othersʼ actions
    Journal of Economic Theory, 2012, 147, (3), 910-940 View citations (56)
17. Liquidity and the Threat of Fraudulent Assets
    Journal of Political Economy, 2012, 120, (5), 000 - 000 View citations (116)
    See also Working Paper Liquidity and the Threat of Fraudulent Assets, NBER Working Papers (2011) View citations (4) (2011)

2011

18. Crises and liquidity in over-the-counter markets
    Journal of Economic Theory, 2011, 146, (6), 2169-2205 View citations (107)
    See also Working Paper Crises and Liquidity in Over-the-counter Markets, 2010 Meeting Papers (2010) View citations (3) (2010)
19. LIQUIDITY PROVISION IN CAPACITY-CONSTRAINED MARKETS
    Macroeconomic Dynamics, 2011, 15, (S1), 119-144 View citations (7)
20. Liquidity in Frictional Asset Markets
    Journal of Money, Credit and Banking, 2011, 43, 261-282 View citations (40)
    Also in Journal of Money, Credit and Banking, 2011, 43, (s2), 261-282 (2011) View citations (6)
    See also Working Paper Liquidity in frictional asset markets, Working Papers (Old Series) (2011) View citations (25) (2011)

2010

21. Learning from Prices: Public Communication and Welfare
    Journal of Political Economy, 2010, 118, (5), 866 - 907 View citations (144)
    See also Working Paper Learning from Prices: Public Communication and Welfare, 2008 Meeting Papers (2008) View citations (15) (2008)
22. Why Has House Price Dispersion Gone Up?
    The Review of Economic Studies, 2010, 77, (4), 1567-1606 View citations (181)
    See also Working Paper Why Has House Price Dispersion Gone Up?, NBER Working Papers (2006) View citations (24) (2006)

2009

23. A conference on liquidity in frictional markets
    Policy Discussion Papers, 2009, (May)

2008

24. A Search‐Based Theory of the On‐the‐Run Phenomenon
    Journal of Finance, 2008, 63, (3), 1361-1398 View citations (176)
    See also Working Paper A Search-Based Theory of the On-the-Run Phenomenon, FMG Discussion Papers (2007) View citations (13) (2007)
25. Liquidity premia in dynamic bargaining markets
    Journal of Economic Theory, 2008, 140, (1), 66-96 View citations (94)
    See also Working Paper Liquidity Premia in Dynamic Bargaining Markets, Econometric Society 2004 North American Winter Meetings (2004) View citations (15) (2004)

2007

26. Leaning Against the Wind
    The Review of Economic Studies, 2007, 74, (4), 1329-1354 View citations (150)
    See also Working Paper Leaning against the wind, 2004 Meeting Papers (2004) View citations (16) (2004)
27. Restricted perception equilibria and rational expectation equilibrium
    Journal of Economic Dynamics and Control, 2007, 31, (1), 81-109 View citations (5)

Chapters

2018

1. Government Guarantees and the Valuation of American Banks
   A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 81-145 View citations (12)
   See also Journal Article Government Guarantees and the Valuation of American Banks, University of Chicago Press (2019) View citations (10) (2019)
   Working Paper Government Guarantees and the Valuation of American Banks, National Bureau of Economic Research, Inc (2018) View citations (12) (2018)