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Details about Stephen Williamson

Homepage:https://sites.google.com/site/1954stephenwilliamson/
Phone:519-661-2111, X85232
Postal address:Department of Economics Social Science Centre University of Western Ontario London, Ontario N6A 5C2 Canada
Workplace:Department of Economics, University of Western Ontario, (more information at EDIRC)

Access statistics for papers by Stephen Williamson.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pwi12


Jump to Journal Articles Chapters

Working Papers

2019

  1. Central Bank Digital Currency: Welfare and Policy Implications
    2019 Meeting Papers, Society for Economic Dynamics Downloads View citations (29)
    See also Journal Article Central Bank Digital Currency: Welfare and Policy Implications, Journal of Political Economy, University of Chicago Press (2022) Downloads View citations (21) (2022)

2017

  1. Low Real Interest Rates and the Zero Lower Bound
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (4)
    See also Journal Article Low real interest rates and the zero lower bound, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) Downloads View citations (7) (2019)

2016

  1. Interest on Reserves, Interbank Lending, and Monetary Policy
    2016 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2015) Downloads View citations (2)

    See also Journal Article Interest on reserves, interbank lending, and monetary policy, Journal of Monetary Economics, Elsevier (2019) Downloads View citations (22) (2019)

2015

  1. Current Federal Reserve Policy Under the Lens of Economic History: A Review Essay
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (6)
    See also Journal Article Current Federal Reserve Policy under the Lens of Economic History: A Review Essay, Journal of Economic Literature, American Economic Association (2016) Downloads View citations (4) (2016)
  2. Scarcity of Safe Assets, Inflation, and the Policy Trap
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (48)
    See also Journal Article Scarcity of safe assets, inflation, and the policy trap, Journal of Monetary Economics, Elsevier (2015) Downloads View citations (55) (2015)

2014

  1. Central Bank Purchases of Private Assets
    2014 Meeting Papers, Society for Economic Dynamics Downloads View citations (6)
  2. Credit markets, limited commitment, and government debt
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (11)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) Downloads View citations (1)

    See also Journal Article Credit Markets, Limited Commitment, and Government Debt, The Review of Economic Studies, Review of Economic Studies Ltd (2015) Downloads View citations (16) (2015)
  3. Keynesian inefficiency and optimal policy: a new monetarist approach
    Working Papers, Federal Reserve Bank of St. Louis Downloads
    See also Journal Article Keynesian Inefficiency and Optimal Policy: A New Monetarist Approach, Journal of Money, Credit and Banking, Blackwell Publishing (2015) Downloads View citations (1) (2015)
  4. Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (2)
    See also Journal Article Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy, American Economic Journal: Macroeconomics, American Economic Association (2018) Downloads View citations (5) (2018)
  5. Scarce collateral, the term premium, and quantitative easing
    Working Papers, Federal Reserve Bank of St. Louis Downloads View citations (4)
    See also Journal Article Scarce collateral, the term premium, and quantitative easing, Journal of Economic Theory, Elsevier (2016) Downloads View citations (62) (2016)

2010

  1. Liquidity, Financial Intermediation, and Monetary Policy in a New Monetarist Model
    2010 Meeting Papers, Society for Economic Dynamics Downloads View citations (5)
    Also in MPRA Paper, University Library of Munich, Germany (2009) Downloads View citations (4)
  2. New Monetarist Economics: Methods
    MPRA Paper, University Library of Munich, Germany Downloads View citations (53)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) Downloads View citations (26)

    See also Journal Article New monetarist economics: methods, Review, Federal Reserve Bank of St. Louis (2010) Downloads View citations (27) (2010)
  3. New Monetarist Economics: Models
    MPRA Paper, University Library of Munich, Germany Downloads View citations (98)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) Downloads View citations (47)

    See also Chapter New Monetarist Economics: Models, Handbook of Monetary Economics, Elsevier (2010) Downloads View citations (109) (2010)

2009

  1. Adverse Selection, Segmented Markets, and the Role of Monetary Policy
    MPRA Paper, University Library of Munich, Germany Downloads View citations (3)
    See also Journal Article ADVERSE SELECTION, SEGMENTED MARKETS, AND THE ROLE OF MONETARY POLICY, Macroeconomic Dynamics, Cambridge University Press (2011) Downloads (2011)
  2. Money and Credit With Limited Commitment and Theft
    MPRA Paper, University Library of Munich, Germany Downloads View citations (11)
    See also Journal Article Money and credit with limited commitment and theft, Journal of Economic Theory, Elsevier (2010) Downloads View citations (81) (2010)

2008

  1. Money and Credit with Limited Commitment
    2008 Meeting Papers, Society for Economic Dynamics Downloads View citations (10)

2006

  1. Transactions, Credit, and Central Banking in a Model of Segmented Markets
    2006 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    See also Journal Article Transactions, Credit, and Central Banking in a Model of Segmented Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) Downloads View citations (14) (2009)

2005

  1. Monetary Policy and Distribution
    2005 Meeting Papers, Society for Economic Dynamics Downloads View citations (10)
    See also Journal Article Monetary policy and distribution, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (61) (2008)

2004

  1. Search, Limited Participation, and Monetary Policy
    2004 Meeting Papers, Society for Economic Dynamics Downloads View citations (11)
    See also Journal Article SEARCH, LIMITED PARTICIPATION, AND MONETARY POLICY *, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2006) View citations (43) (2006)

2002

  1. Moral Hazard, Optimal Unemployment Insurance and Experience Rating
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (110)
    Also in Working Papers, University of Iowa, Department of Economics (1999) Downloads View citations (22)

    See also Journal Article Moral hazard, optimal unemployment insurance, and experience rating, Journal of Monetary Economics, Elsevier (2002) Downloads View citations (110) (2002)

1998

  1. Debt Contracts and Financial Intermediation with Costly Screening
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (22)
  2. Money and Dynamic Credit Arrangements with Private Information
    Game Theory and Information, University Library of Munich, Germany Downloads View citations (1)
    Also in Working Papers, University of Iowa, Department of Economics (1997) View citations (1)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (1998) Downloads View citations (2)

    See also Journal Article Money and Dynamic Credit Arrangements with Private Information, Journal of Economic Theory, Elsevier (2000) Downloads View citations (80) (2000)
  3. Money, Credit, and Allocation Under Complete Dynamic Contracts and Incomplete Markets
    Game Theory and Information, University Library of Munich, Germany Downloads
    Also in Working Papers, University of Iowa, Department of Economics (1997) View citations (1)
  4. Payments Systems with Random Matching and Private Information
    Game Theory and Information, University Library of Munich, Germany Downloads View citations (6)
    Also in Working Papers, University of Iowa, Department of Economics (1997)

    See also Journal Article Payment systems with random matching and private information, Proceedings, Federal Reserve Bank of Cleveland (1998) View citations (5) (1998)
  5. Private Money
    Working Papers, University of Iowa, Department of Economics
    See also Journal Article Private Money, Journal of Money, Credit and Banking, Blackwell Publishing (1999) View citations (53) (1999)

1997

  1. Credit in a Random Matching Model With Private Information
    Game Theory and Information, University Library of Munich, Germany Downloads View citations (11)
    Also in Working Papers, University of Iowa, Department of Economics (1997) View citations (13)

    See also Journal Article Credit in a Random Matching Model with Private Information, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1999) Downloads View citations (22) (1999)

1996

  1. Unemployment Insurance with Moral Hazard in a Dynamic Economy
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (105)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (1995) View citations (2)
    Working Papers, University of Iowa, Department of Economics (1995) View citations (2)
    Macroeconomics, University Library of Munich, Germany (1995) Downloads View citations (31)

    See also Journal Article Unemployment insurance with moral hazard in a dynamic economy, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1996) Downloads View citations (105) (1996)

1995

  1. Discount Window Lending and Deposit Insurance
    Macroeconomics, University Library of Munich, Germany Downloads View citations (3)
    Also in Working Papers, University of Iowa, Department of Economics (1995) View citations (1)

    See also Journal Article Discount Window Lending and Deposit Insurance, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1998) Downloads View citations (23) (1998)

1993

  1. Adverse Selection in Credit Markets with Costly Screening
    Finance, University Library of Munich, Germany Downloads View citations (2)

1991

  1. Barter and Monetary Exchange Under Private Information
    University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) Downloads View citations (34)
    University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1991) Downloads

    See also Journal Article Barter and Monetary Exchange under Private Information, American Economic Review, American Economic Association (1994) Downloads View citations (101) (1994)
  2. Currency Elasticity and Banking Panics: Theory and Evidence
    University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics Downloads
    Also in University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations (1991) View citations (25)

    See also Journal Article Currency Elasticity and Banking Panics: Theory and Evidence, Canadian Journal of Economics, Canadian Economics Association (1996) Downloads View citations (203) (1996)
  3. Liquidity and Market Participation
    University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations View citations (1)
    Also in University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1991) Downloads View citations (1)

    See also Journal Article Liquidity and market participation, Journal of Economic Dynamics and Control, Elsevier (1994) Downloads View citations (12) (1994)

1989

  1. INTERNATIONAL FINANCIAL INTERMEDIATION AND AGGREGATE FLUCTUATIONS UNDER ALTERNATIVE EXCHANGE RATE REGIMES
    University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers, University of Western Ontario, The Centre for the Study of International Economic Relations View citations (14)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1988) Downloads View citations (2)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1988) View citations (1)

    See also Journal Article International financial intermediation and aggregate fluctuations under alternative exchange rate regimes, Journal of Monetary Economics, Elsevier (1989) Downloads View citations (17) (1989)
  2. Restrictions on financial intermediaries and implications for aggregate fluctuations: Canada and the United States, 1870-1913
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (13)
    See also Chapter Restrictions on Financial Intermediaries and Implications for Aggregate Fluctuations: Canada and the United States 1870–1913, NBER Chapters, National Bureau of Economic Research, Inc (1989) Downloads View citations (12) (1989)

1985

  1. Financial Intermediation, Business Failures, and Real Business Cycles
    University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics Downloads
    See also Journal Article Financial Intermediation, Business Failures, and Real Business Cycles, Journal of Political Economy, University of Chicago Press (1987) Downloads View citations (182) (1987)

1984

  1. Costly Monitoring, Financial Intermediation, and Equilibrium Credit Rationing
    Working Paper, Economics Department, Queen's University View citations (2)
    See also Journal Article Costly monitoring, financial intermediation, and equilibrium credit rationing, Journal of Monetary Economics, Elsevier (1986) Downloads View citations (380) (1986)
  2. Costly Monitoring, Loan Contracts and Equilibrium Credit Rationing
    Working Paper, Economics Department, Queen's University View citations (8)
    See also Journal Article Costly Monitoring, Loan Contracts, and Equilibrium Credit Rationing, The Quarterly Journal of Economics, President and Fellows of Harvard College (1987) Downloads View citations (273) (1987)
  3. Product Selection in Financial Intermediation, Optimal Money Growth, and Central Bank Lending
    Working Paper, Economics Department, Queen's University

Journal Articles

2022

  1. Central Bank Digital Currency: Welfare and Policy Implications
    Journal of Political Economy, 2022, 130, (11), 2829 - 2861 Downloads View citations (21)
    See also Working Paper Central Bank Digital Currency: Welfare and Policy Implications, 2019 Meeting Papers (2019) Downloads View citations (29) (2019)
  2. Central bank digital currency and flight to safety
    Journal of Economic Dynamics and Control, 2022, 142, (C) Downloads View citations (12)

2020

  1. The Role of Central Banks
    Canadian Public Policy, 2020, 46, (2), 198-213 Downloads

2019

  1. Interest on reserves, interbank lending, and monetary policy
    Journal of Monetary Economics, 2019, 101, (C), 14-30 Downloads View citations (22)
    See also Working Paper Interest on Reserves, Interbank Lending, and Monetary Policy, 2016 Meeting Papers (2016) Downloads View citations (1) (2016)
  2. Low real interest rates and the zero lower bound
    Review of Economic Dynamics, 2019, 31, 36-62 Downloads View citations (7)
    See also Working Paper Low Real Interest Rates and the Zero Lower Bound, Working Papers (2017) Downloads View citations (4) (2017)
  3. Neo-Fisherism and inflation control
    Canadian Journal of Economics, 2019, 52, (3), 882-913 Downloads View citations (3)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2019, 52, (3), 882-913 (2019) Downloads View citations (1)

2018

  1. Can the fiscal authority constrain the central bank?
    Journal of Economic Dynamics and Control, 2018, 89, (C), 154-172 Downloads View citations (7)
  2. Comments on “The Fiscal Theory of the Price Level in a world with low interest rates,” by M. Bassetto and W. Cui
    Journal of Economic Dynamics and Control, 2018, 89, (C), 23-25 Downloads
  3. Inflation Control: Do Central Bankers Have It Right?
    Review, 2018, 100, (2), 127-50 Downloads View citations (11)
  4. Is Bitcoin a Waste of Resources?
    Review, 2018, 100, (2), 107-15 Downloads View citations (6)
  5. Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy
    American Economic Journal: Macroeconomics, 2018, 10, (4), 202-33 Downloads View citations (5)
    See also Working Paper Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy, Working Papers (2014) Downloads View citations (2) (2014)

2017

  1. Quantitative Easing: How Well Does This Tool Work?
    The Regional Economist, 2017, 25, (3) Downloads View citations (16)
  2. The Curse of Cash
    Business Economics, 2017, 52, (1), 78-80 Downloads View citations (1)

2016

  1. Current Federal Reserve Policy under the Lens of Economic History: A Review Essay
    Journal of Economic Literature, 2016, 54, (3), 922-34 Downloads View citations (4)
    See also Working Paper Current Federal Reserve Policy Under the Lens of Economic History: A Review Essay, Working Papers (2015) Downloads View citations (6) (2015)
  2. Interest Rate Control Is More Complicated Than You Thought
    The Regional Economist, 2016, (April) Downloads View citations (2)
  3. Neo-Fisherism: A Radical Idea, or the Most Obvious Solution to the Low-Inflation Problem?
    The Regional Economist, 2016, (July) Downloads View citations (14)
  4. Scarce collateral, the term premium, and quantitative easing
    Journal of Economic Theory, 2016, 164, (C), 136-165 Downloads View citations (62)
    See also Working Paper Scarce collateral, the term premium, and quantitative easing, Working Papers (2014) Downloads View citations (4) (2014)

2015

  1. Credit Markets, Limited Commitment, and Government Debt
    The Review of Economic Studies, 2015, 82, (3), 963-990 Downloads View citations (16)
    See also Working Paper Credit markets, limited commitment, and government debt, Working Papers (2014) Downloads View citations (11) (2014)
  2. Introduction to the special issue on money, credit, and financial frictions
    Review of Economic Dynamics, 2015, 18, (1), 1-2 Downloads View citations (1)
  3. Keynesian Inefficiency and Optimal Policy: A New Monetarist Approach
    Journal of Money, Credit and Banking, 2015, 47, (S2), 197-222 Downloads View citations (1)
    See also Working Paper Keynesian inefficiency and optimal policy: a new monetarist approach, Working Papers (2014) Downloads (2014)
  4. Monetary Policy Normalization in the United States
    Review, 2015, 97, (2), 87-108 Downloads View citations (4)
  5. Scarcity of safe assets, inflation, and the policy trap
    Journal of Monetary Economics, 2015, 73, (C), 70-92 Downloads View citations (55)
    See also Working Paper Scarcity of Safe Assets, Inflation, and the Policy Trap, Working Papers (2015) Downloads View citations (48) (2015)
  6. The Road to Normal: New Directions in Monetary Policy
    Annual Report, 2015, 6-23 Downloads View citations (1)

2014

  1. Monetary policy in the United States: a brave new world?
    Review, 2014, 96, (2), 111-122 Downloads View citations (4)
  2. The Balance Sheet and the Future of Fed Policy
    Open Economies Review, 2014, 25, (1), 163-170 Downloads View citations (4)

2012

  1. Liquidity, Monetary Policy, and the Financial Crisis: A New Monetarist Approach
    American Economic Review, 2012, 102, (6), 2570-2605 Downloads View citations (183)
  2. New Monetarist Economics: Understanding Unconventional Monetary Policy
    The Economic Record, 2012, 88, (s1), 10-21 Downloads View citations (4)

2011

  1. A Defence of Contemporary Economics: Zombie Economics in Review
    Agenda - A Journal of Policy Analysis and Reform, 2011, 18, (3), 55-86 Downloads View citations (2)
  2. ADVERSE SELECTION, SEGMENTED MARKETS, AND THE ROLE OF MONETARY POLICY
    Macroeconomic Dynamics, 2011, 15, (S2), 269-292 Downloads
    See also Working Paper Adverse Selection, Segmented Markets, and the Role of Monetary Policy, MPRA Paper (2009) Downloads View citations (3) (2009)

2010

  1. Money and credit with limited commitment and theft
    Journal of Economic Theory, 2010, 145, (4), 1525-1549 Downloads View citations (81)
    See also Working Paper Money and Credit With Limited Commitment and Theft, MPRA Paper (2009) Downloads View citations (11) (2009)
  2. New monetarist economics: methods
    Review, 2010, 92, (May), 265-302 Downloads View citations (27)
    See also Working Paper New Monetarist Economics: Methods, MPRA Paper (2010) Downloads View citations (53) (2010)

2009

  1. Transactions, Credit, and Central Banking in a Model of Segmented Markets
    Review of Economic Dynamics, 2009, 12, (2), 344-362 Downloads View citations (14)
    See also Working Paper Transactions, Credit, and Central Banking in a Model of Segmented Markets, 2006 Meeting Papers (2006) Downloads View citations (1) (2006)

2008

  1. Monetary policy and distribution
    Journal of Monetary Economics, 2008, 55, (6), 1038-1053 Downloads View citations (61)
    See also Working Paper Monetary Policy and Distribution, 2005 Meeting Papers (2005) Downloads View citations (10) (2005)
  2. New Keynesian economics: a monetary perspective
    Economic Quarterly, 2008, 94, (Sum), 197-218 Downloads View citations (3)

2006

  1. SEARCH, LIMITED PARTICIPATION, AND MONETARY POLICY *
    International Economic Review, 2006, 47, (1), 107-128 View citations (43)
    See also Working Paper Search, Limited Participation, and Monetary Policy, 2004 Meeting Papers (2004) Downloads View citations (11) (2004)

2005

  1. COMMENT ON "THE DISTRIBUTION OF MONEY BALANCES AND THE NONNEUTRALITY OF MONEY," BY ALEKSANDER BERENTSEN, GABRIELE CAMERA, AND CHRISTOPHER WALLER
    International Economic Review, 2005, 46, (2), 489-493 View citations (1)
  2. Limited participation and the neutrality of money
    Economic Quarterly, 2005, 91, (Spr), 1-20 Downloads View citations (15)
  3. Tendencias comunes y análisis de la política monetaria en el Perú
    Monetaria, 2005, XXVIII, (3), 279-317 Downloads View citations (3)

2004

  1. Comment on: "Payment system disruptions and the federal reserve following September 11, 2001"
    Journal of Monetary Economics, 2004, 51, (5), 967-970 Downloads View citations (1)
  2. Limited participation, private money, and credit in a spatial model of money
    Economic Theory, 2004, 24, (4), 857-875 Downloads View citations (20)
    See also Chapter Limited participation, private money, and credit in a spatial model of money, Studies in Economic Theory, 2006, 255-273 (2006) (2006)

2003

  1. Payments systems and monetary policy
    Journal of Monetary Economics, 2003, 50, (2), 475-495 Downloads View citations (13)

2002

  1. Bruce Smith: Our Colleague and Friend
    EconomicDynamics Newsletter, 2002, 4, (1) Downloads
  2. Moral hazard, optimal unemployment insurance, and experience rating
    Journal of Monetary Economics, 2002, 49, (7), 1337-1371 Downloads View citations (110)
    See also Working Paper Moral Hazard, Optimal Unemployment Insurance and Experience Rating, Staff General Research Papers Archive (2002) View citations (110) (2002)
  3. Private money and counterfeiting
    Economic Quarterly, 2002, (Sum), 37-57 Downloads View citations (8)

2001

  1. Payments Systems Design in Deterministic and Private Information Environments
    Journal of Economic Theory, 2001, 99, (1-2), 297-326 Downloads View citations (28)
  2. Private money, settlement, and discounts
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 85-108 Downloads View citations (7)

2000

  1. Money and Dynamic Credit Arrangements with Private Information
    Journal of Economic Theory, 2000, 91, (2), 248-279 Downloads View citations (80)
    See also Working Paper Money and Dynamic Credit Arrangements with Private Information, Game Theory and Information (1998) Downloads View citations (1) (1998)
  2. The Research Agenda: Payment Systems and Private Money
    EconomicDynamics Newsletter, 2000, 2, (1) Downloads

1999

  1. Credit in a Random Matching Model with Private Information
    Review of Economic Dynamics, 1999, 2, (1), 36-64 Downloads View citations (22)
    See also Working Paper Credit in a Random Matching Model With Private Information, Game Theory and Information (1997) Downloads View citations (11) (1997)
  2. Private Money
    Journal of Money, Credit and Banking, 1999, 31, (3), 469-91 View citations (53)
    Also in Proceedings, 1999, 469-499 (1999) View citations (38)

    See also Working Paper Private Money, Working Papers (1998) (1998)

1998

  1. Debt Contracts with Financial Intermediation with Costly Screening
    Canadian Journal of Economics, 1998, 31, (3), 573-595 Downloads View citations (24)
  2. Discount Window Lending and Deposit Insurance
    Review of Economic Dynamics, 1998, 1, (1), 246-275 Downloads View citations (23)
    See also Working Paper Discount Window Lending and Deposit Insurance, Macroeconomics (1995) Downloads View citations (3) (1995)
  3. Payment systems with random matching and private information
    Proceedings, 1998, (Aug), 551-572 View citations (5)
    Also in Journal of Money, Credit and Banking, 1998, 30, (3), 551-69 (1998) View citations (6)

    See also Working Paper Payments Systems with Random Matching and Private Information, Game Theory and Information (1998) Downloads View citations (6) (1998)

1996

  1. Currency Elasticity and Banking Panics: Theory and Evidence
    Canadian Journal of Economics, 1996, 29, (4), 828-64 Downloads View citations (203)
    See also Working Paper Currency Elasticity and Banking Panics: Theory and Evidence, University of Western Ontario, Departmental Research Report Series (1991) Downloads (1991)
  2. Real business cycle research comes of age: A review essay
    Journal of Monetary Economics, 1996, 38, (1), 161-170 Downloads View citations (6)
  3. Sequential markets and the suboptimality of the Friedman rule
    Journal of Monetary Economics, 1996, 37, (3), 549-572 Downloads View citations (15)
    Also in Proceedings, 1994, (Apr) (1994)
  4. Unemployment insurance with moral hazard in a dynamic economy
    Carnegie-Rochester Conference Series on Public Policy, 1996, 44, (1), 1-41 Downloads View citations (105)
    See also Working Paper Unemployment Insurance with Moral Hazard in a Dynamic Economy, Staff General Research Papers Archive (1996) View citations (105) (1996)

1995

  1. Financial Intermediation and Monetary Policy in a General Equilibrium Banking Model: Comment
    Journal of Money, Credit and Banking, 1995, 27, (4), 1319-20 Downloads

1994

  1. Barter and Monetary Exchange under Private Information
    American Economic Review, 1994, 84, (1), 104-23 Downloads View citations (101)
    See also Working Paper Barter and Monetary Exchange Under Private Information, University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers (1991) View citations (2) (1991)
  2. Do Informational Frictions Justify Federal Credit Programs?
    Journal of Money, Credit and Banking, 1994, 26, (3), 523-44 Downloads View citations (22)
    Also in Proceedings, 1994, 523-551 (1994) View citations (24)
  3. Liquidity and market participation
    Journal of Economic Dynamics and Control, 1994, 18, (3-4), 629-670 Downloads View citations (12)
    See also Working Paper Liquidity and Market Participation, University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers (1991) View citations (1) (1991)

1992

  1. Laissez-faire banking and circulating media of exchange
    Journal of Financial Intermediation, 1992, 2, (2), 134-167 Downloads View citations (28)

1990

  1. Sectoral Shifts, Labor Market Sorting, and Aggregate Fluctuations
    International Economic Review, 1990, 31, (4), 935-52 Downloads View citations (3)

1989

  1. Bank failures, financial restrictions, and aggregate fluctuations: Canada and the United States, 1870-1913
    Quarterly Review, 1989, 13, (Sum), 20-40 Downloads View citations (6)
  2. International financial intermediation and aggregate fluctuations under alternative exchange rate regimes
    Journal of Monetary Economics, 1989, 23, (3), 401-431 Downloads View citations (17)
    See also Working Paper INTERNATIONAL FINANCIAL INTERMEDIATION AND AGGREGATE FLUCTUATIONS UNDER ALTERNATIVE EXCHANGE RATE REGIMES, University of Western Ontario, The Centre for the Study of International Economic Relations Working Papers (1989) View citations (14) (1989)

1988

  1. Liquidity, Banking, and Bank Failures
    International Economic Review, 1988, 29, (1), 25-43 Downloads View citations (11)

1987

  1. Costly Monitoring, Loan Contracts, and Equilibrium Credit Rationing
    The Quarterly Journal of Economics, 1987, 102, (1), 135-145 Downloads View citations (273)
    See also Working Paper Costly Monitoring, Loan Contracts and Equilibrium Credit Rationing, Working Paper (1984) View citations (8) (1984)
  2. Financial Intermediation, Business Failures, and Real Business Cycles
    Journal of Political Economy, 1987, 95, (6), 1196-1216 Downloads View citations (182)
    See also Working Paper Financial Intermediation, Business Failures, and Real Business Cycles, University of Western Ontario, Departmental Research Report Series (1985) Downloads (1985)
  3. Recent developments in modeling financial intermediation
    Quarterly Review, 1987, 11, (Sum), 19-29 Downloads View citations (11)
  4. Transactions Costs, Inflation, and the Variety of Intermediation Services
    Journal of Money, Credit and Banking, 1987, 19, (4), 484-98 Downloads View citations (15)

1986

  1. Costly monitoring, financial intermediation, and equilibrium credit rationing
    Journal of Monetary Economics, 1986, 18, (2), 159-179 Downloads View citations (380)
    See also Working Paper Costly Monitoring, Financial Intermediation, and Equilibrium Credit Rationing, Working Paper (1984) View citations (2) (1984)
  2. Increasing Returns to Scale in Financial Intermediation and the Non-Neutrality of Government Policy
    The Review of Economic Studies, 1986, 53, (5), 863-875 Downloads View citations (24)

Chapters

2010

  1. New Monetarist Economics: Models
    Chapter 02 in Handbook of Monetary Economics, 2010, vol. 3, pp 25-96 Downloads View citations (109)
    See also Working Paper New Monetarist Economics: Models, University Library of Munich, Germany (2010) Downloads View citations (98) (2010)

2006

  1. Limited participation, private money, and credit in a spatial model of money
    Springer
    See also Journal Article Limited participation, private money, and credit in a spatial model of money, Springer (2004) Downloads View citations (20) (2004)

1989

  1. Restrictions on Financial Intermediaries and Implications for Aggregate Fluctuations: Canada and the United States 1870–1913
    A chapter in NBER Macroeconomics Annual 1989, Volume 4, 1989, pp 303-350 Downloads View citations (12)
    See also Working Paper Restrictions on financial intermediaries and implications for aggregate fluctuations: Canada and the United States, 1870-1913, Federal Reserve Bank of Minneapolis (1989) Downloads View citations (13) (1989)
 
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