Details about Randall Wright

Workplace:

Economics Department, University of Wisconsin-Madison, (more information at EDIRC) Department of Finance, Investment and Banking, School of Business, University of Wisconsin-Madison, (more information at EDIRC)

Access statistics for papers by Randall Wright.

Last updated 2023-07-06. Update your information in the RePEc Author Service.

Short-id: pwr2

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Working Papers

2023

1. Diamond-Dybvig and Beyond: On the Instability of Banking
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
   See also Journal Article in European Economic Review (2023)

2022

2. Endogenous Liquidity and Capital Reallocation
   Staff Working Papers, Bank of Canada View citations (1)

2021

3. Is Money Essential? An Experimental Approach
   Working Paper, Federal Reserve Bank of Richmond View citations (1)
4. Market Freezes
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

5. On the instability of banking and other financial intermediation
   BIS Working Papers, Bank for International Settlements
   Also in Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft (2019) View citations (5)
   Working Papers, Swiss National Bank, Study Center Gerzensee (2019) View citations (5)
6. Sticky Prices and Costly Credit
   Working Papers, University of Hawaii at Manoa, Department of Economics View citations (2)
   See also Journal Article in International Economic Review (2020)
7. Toxic Assets and Market Freezes
   Working Papers, Department of Economics, University of Missouri

2019

8. Cyclical Capital Reallocation
   2019 Meeting Papers, Society for Economic Dynamics View citations (2)
9. Frictional Capital Reallocation I: Ex Ante Heterogeneity
   Staff Working Papers, Bank of Canada
   See also Journal Article in Journal of Economic Dynamics and Control (2018)
10. Intermediation in Markets for Goods and Markets for Assets
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    See also Journal Article in Journal of Economic Theory (2019)
11. On the Instability of Banking and Financial Intermediation
    Working Papers, Department of Economics, University of Missouri View citations (5)
    Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (5)
12. Playing with Money
    Working Paper, Federal Reserve Bank of Richmond
    Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (4)
    See also Journal Article in Journal of Economic Behavior & Organization (2022)

2018

13. Corporate Finance and Monetary Policy
    Post-Print, HAL
    Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (16)
    See also Journal Article in American Economic Review (2018)
14. Frictional Capital Reallocation II: Ex Post Heterogeneity
    2018 Meeting Papers, Society for Economic Dynamics View citations (10)

2017

15. Directed Search: A Guided Tour
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (40)
16. Modeling House Prices
    2017 Meeting Papers, Society for Economic Dynamics
17. Money and Credit: Theory and Applications
    IMF Working Papers, International Monetary Fund View citations (6)
18. Open Market Operations
    2017 Meeting Papers, Society for Economic Dynamics View citations (4)
    See also Journal Article in Journal of Monetary Economics (2018)

2016

19. Are Prices Sticky and Does It Matter?
    Economic Policy Paper, Federal Reserve Bank of Minneapolis
20. Constructing Stategies in the Indefinitely Repeated Prisoner's Dilemma Game
    Purdue University Economics Working Papers, Purdue University, Department of Economics
21. Innovation and Growth with Frictions
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)
22. Monetary Mechanisms
    Working Papers, Department of Economics, University of Missouri View citations (8)
    See also Journal Article in Journal of Economic Theory (2016)
23. The Effects of Monetary Policy and Other Announcements
    Working Papers, Department of Economics, University of Missouri View citations (2)

2015

24. Costly Credit and Sticky Prices
    Working Papers, University of Hawaii at Manoa, Department of Economics View citations (6)
25. Innovation and growth with financial, and other, frictions
    Working Paper Series, Victoria University of Wellington, School of Economics and Finance
    Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2013) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (20)
    Staff Working Papers, Bank of Canada (2011) View citations (22)
    Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (13)
    See also Journal Article in International Economic Review (2017)
26. Macroeconomic Policy and Household Economics
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)
27. Money and Credit Redux
    Working Papers, Department of Economics, University of Missouri View citations (13)
    See also Journal Article in Econometrica (2016)

2014

28. A Simple Model of Price Dispersion and Price Rigidity
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
29. Marriage, Markets and Money: A Coasian Theory of Household Formation
    2014 Meeting Papers, Society for Economic Dynamics
    See also Journal Article in International Economic Review (2016)
30. More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets
    Working Paper Series, Federal Reserve Bank of Chicago View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2015)
31. Search-Based Models of Money and Finance: An Integrated Approach
    Working Papers, Federal Reserve Bank of Minneapolis View citations (14)
    See also Journal Article in Journal of Economic Theory (2016)

2013

32. Housing and Liquidity
    2013 Meeting Papers, Society for Economic Dynamics View citations (25)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (12)
    See also Journal Article in Review of Economic Dynamics (2015)
33. Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    See also Chapter (2013)
    Journal Article in NBER Macroeconomics Annual (2014)

2012

34. Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article in Review of Economic Dynamics (2016)
35. Pledgability and Liquidity
    2012 Meeting Papers, Society for Economic Dynamics

2011

36. Buyers, Sellers and Middlemen: Variations on Search-Theoretic Themes
    2011 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (7)
    See also Journal Article in International Economic Review (2014)
37. Buyers, sellers and middlemen: variations in search theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (6)
38. Endogenous Credit Cycles
    2011 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (9)
    Working Papers, Department of Economics, University of Missouri (2010) View citations (3)
    Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (2)
    See also Journal Article in Journal of Political Economy (2013)
39. Homework in Monetary Economics: Inflation and House Prices
    2011 Meeting Papers, Society for Economic Dynamics
40. Liquidity and Asset Market Dynamics
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2010) View citations (5)
    See also Journal Article in Journal of Monetary Economics (2013)
41. 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 in Journal of the European Economic Association (2012)

2010

42. 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)
43. Indivisibilities, Lotteries and Sunspot Equilibria
    Levine's Working Paper Archive, David K. Levine View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations (1)
    See also Journal Article in Economic Theory (1993)
44. Information, Liquidity, Asset Prices and Monetary Policy, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
45. Introduction to the macroeconomic dynamics: special issues on money, credit, and liquidity
    Working Paper Series, Federal Reserve Bank of Chicago View citations (1)
    See also Journal Article in Macroeconomic Dynamics (2011)
46. New Monetarist Economics: Methods
    MPRA Paper, University Library of Munich, Germany View citations (53)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) View citations (26)
    See also Journal Article in Review (2010)
47. New Monetarist Economics: Models
    MPRA Paper, University Library of Munich, Germany View citations (97)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) View citations (47)
    See also Chapter (2010)
48. Sticky Prices?
    2010 Meeting Papers, Society for Economic Dynamics View citations (4)
49. Summer workshop on money, banking, payments and finance: an overview
    Working Paper Series, Federal Reserve Bank of Chicago

2009

50. Adverse Selection in Competitive Search Equilibrium
    2009 Meeting Papers, Society for Economic Dynamics View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (16)
    See also Journal Article in Econometrica (2010)
51. Banking: a mechanism design approach
    Working Papers, Federal Reserve Bank of Philadelphia View citations (9)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (5)
52. Inflation and unemployment in the long run
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (44)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (12)
    2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (10)
    See also Journal Article in American Economic Review (2011)
53. Money and capital: a quantitative analysis
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
54. “On the ‘Hot Potato Effect’ of Inflation: Intensive versus Extensive Marginsâ€
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (12)

2008

55. Information, Liquidity and Asset Prices
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (18)
56. Labor Market Fluctuations in the Small and in the Large
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in International Journal of Economic Theory (2009)
57. Money, Banking, and Monetary Policy
    2008 Meeting Papers, Society for Economic Dynamics View citations (47)
    See also Journal Article in Journal of Monetary Economics (2008)

2007

58. A model of money and credit, with application to the credit card debt puzzle
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (9)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (20)
    See also Journal Article in Review of Economic Studies (2008)
59. Inflation and Unemployment in General Equilibrium
    University of California at Santa Barbara, Economics Working Paper Series, Department of Economics, UC Santa Barbara View citations (11)
    See also Journal Article in Scandinavian Journal of Economics (2007)
60. Inflation and unemployment: Lagos-Wright meets Mortensen-Pissarides
    2007 Meeting Papers, Society for Economic Dynamics View citations (6)
61. Money and capital
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (18)
    See also Journal Article in Journal of Monetary Economics (2011)
62. When is Money Essential? A Comment on Aliprantis, Camera and Puzzello
    Levine's Bibliography, UCLA Department of Economics View citations (6)

2006

63. Equilibrium Wage Dispersion: An Example
    2006 Meeting Papers, Society for Economic Dynamics View citations (3)
    See also Journal Article in The B.E. Journal of Macroeconomics (2006)
64. General Equilibrium with NonConvexities, Sunspots and Money
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2005) View citations (3)
    Working Papers, Cornell University, Center for Analytic Economics (2005) View citations (1)
65. Liquidity and the Market for Ideas
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)

2005

66. Alternative Theories of Wage Dispersion
    Working Papers ERMES, ERMES, University Paris 2
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2005) View citations (3)
    See also Journal Article in European Economic Review (2006)
    Chapter (2006)
67. Wage Dispersion: An Example
    Working Papers ERMES, ERMES, University Paris 2

2004

68. A unified framework for monetary theory and policy analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2002) View citations (99)
    See also Journal Article in Journal of Political Economy (2005)
69. Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2003) View citations (83)
    Levine's Bibliography, UCLA Department of Economics (2003) View citations (7)
    See also Journal Article in Econometrica (2005)
70. Search-Theoretic Models of the Labor Market-A Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
71. The business cycle and the life cycle
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (46)
    See also Chapter (2005)

2003

72. An On-the-Job Search Model of Crime, Inequality, and Unemployment
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (44)
    See also Journal Article in International Economic Review (2004)
73. Crime, Inequality, and Unemployment, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (58)
    See also Journal Article in American Economic Review (2003)
74. Inflation and Welfare in Models with Trading Frictions
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (9)
75. Search, Money and Capital: A Neoclassical Dichotomy, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (21)

2002

76. A simple search model of money with heterogeneous agents and partial acceptability
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Chapter (2006)
    Journal Article in Economic Theory (2004)
77. Dynamics, cycles and sunspot equilibria in \"genuinely dynamic, fundamentally disaggregative\" models of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (8)
    See also Journal Article in Journal of Economic Theory (2003)
78. Indivisibilities, Lotteries, and Monetary Exchange
    MPRA Paper, University Library of Munich, Germany View citations (56)
    See also Journal Article in Journal of Economic Theory (2002)
79. Price setting, price dispersion, and the value of money - or - The law of two prices
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Journal Article in Journal of Monetary Economics (2004)
80. Search, money and capital: a neoclassical dichotomy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)
    See also Journal Article in Proceedings (2003)

2000

81. Generalized search-theoretic models of monetary exchange
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article in Journal of Monetary Economics (2001)

1998

82. A note on purifying mixed strategy equilibria in the search-theoretic model of fiat money
    Working Papers, Federal Reserve Bank of Philadelphia
83. Pricing with frictions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (14)

1997

84. A model of commodity money, with applications to Gresham's Law and the debasement puzzle
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1997) View citations (2)
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (3)
    See also Journal Article in Review of Economic Dynamics (1999)
85. A note on purifying mixed strategy equilibria in the search model of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

1996

86. Coexistence of money and interest-bearing securities
    Working Papers, Federal Reserve Bank of Minneapolis View citations (73)
    See also Journal Article in Journal of Monetary Economics (1996)
87. On money as a medium of exchange when goods vary by supply and demand
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (1)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (6)
    See also Journal Article in Macroeconomic Dynamics (1997)

1995

88. An equilibrium model of the business cycle with household production and fiscal policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
    See also Journal Article in International Economic Review (1997)
89. Toward a theory of international currency: a step further
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

1994

90. Dynamic bargaining theory
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
91. Estimating substitution elasticities in household production models
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
    See also Journal Article in Economic Theory (1995)
92. Two-sided search
    Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
    See also Journal Article in Review of Economic Dynamics (1998)

1993

93. Household Production in Real Business Cycle Thoery
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (47)
94. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (24)

1991

95. A discussion of Cooley and Hansen's \\"welfare costs of moderate inflations.\\"
    Staff Report, Federal Reserve Bank of Minneapolis
96. A note on labor contracts with private information and household production
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
97. Barter and Monetary Exchange Under Private Information
    University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics
    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 (2)
    Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations (34)
    See also Journal Article in American Economic Review (1994)
98. Homework in macroeconomics: household production and aggregate fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (591)
    See also Journal Article in Journal of Political Economy (1991)
99. More on money as a medium of exchange
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    See also Journal Article in Economic Theory (1993)
100. Why is automobile insurance in Philadelphia so damn expensive?
     Staff Report, Federal Reserve Bank of Minneapolis
     See also Journal Article in American Economic Review (1992)

1990

101. HOMEWORK IN MACROECONOMICS I: BASIC THEORY
     Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (11)
102. HOMEWORK IN MACROECONOMICS II: AGGREGATE FLUCTUATIONS
     Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (8)
103. Homework in Macoreconomics I: Basic Theory (Part I of II)
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
104. SEARCH FOR A THEORY OF MONEY
     Working papers, Wisconsin Madison - Social Systems View citations (5)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (5)
105. Search for a Theory of Money (Now published as 'A Search-Theoretic Approach to Monetary Economics' in The American Economic Review, vol.83, No.1, (March 1993), pp.63-77.)
     STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1989

106. A contribution to the pure theory of money
     Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
     See also Journal Article in Journal of Economic Theory (1991)

1988

107. FIAT MONEY IN SEARCH EQUILIBRIUM
     Working papers, Wisconsin Madison - Social Systems View citations (2)

Undated

108. A Dynamic Equilibrium Model of Search, Bargaining, and Money
     CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (4)
     See also Journal Article in Journal of Economic Theory (1998)

Journal Articles

2023

1. Diamond–Dybvig and beyond: On the instability of banking
   European Economic Review, 2023, 154, (C)
   See also Working Paper (2023)

2022

2. Playing with money
   Journal of Economic Behavior & Organization, 2022, 200, (C), 1221-1239
   See also Working Paper (2019)

2021

3. Asset pricing in monetary economies
   Journal of International Money and Finance, 2021, 115, (C) View citations (1)
4. Directed Search and Competitive Search Equilibrium: A Guided Tour
   Journal of Economic Literature, 2021, 59, (1), 90-148 View citations (33)

2020

5. Frictional Capital Reallocation with Ex Post Heterogeneity
   Review of Economic Dynamics, 2020, 37 Supplement 1, S227-S253 View citations (5)
   See also Software Item (2020)
6. Frictional Goods Markets: Theory and Applications
   Review of Economic Studies, 2020, 87, (2), 691-720 View citations (17)
7. STICKY PRICES AND COSTLY CREDIT
   International Economic Review, 2020, 61, (1), 37-70 View citations (8)
   See also Working Paper (2020)
8. THE EFFECTS OF NEWS WHEN LIQUIDITY MATTERS
   International Economic Review, 2020, 61, (4), 1411-1435 View citations (2)

2019

9. Intermediation in markets for goods and markets for assets
   Journal of Economic Theory, 2019, 183, (C), 876-906 View citations (7)
   See also Working Paper (2019)
10. On Complicated Dynamics in Simple Monetary Models
    Journal of Money, Credit and Banking, 2019, 51, (6), 1433-1453 View citations (1)

2018

11. Corporate Finance and Monetary Policy
    American Economic Review, 2018, 108, (4-5), 1147-86 View citations (31)
    See also Working Paper (2018)
12. Frictional capital reallocation I: Ex ante heterogeneity
    Journal of Economic Dynamics and Control, 2018, 89, (C), 100-116 View citations (10)
    See also Working Paper (2019)
13. On the future of macroeconomics: a New Monetarist perspective
    Oxford Review of Economic Policy, 2018, 34, (1-2), 107-131 View citations (6)
14. Open market operations
    Journal of Monetary Economics, 2018, 98, (C), 114-128 View citations (25)
    See also Working Paper (2017)

2017

15. A new suggestion for simplifying the theory of money
    Journal of Economic Theory, 2017, 172, (C), 423-450 View citations (5)
16. INNOVATION AND GROWTH WITH FINANCIAL, AND OTHER, FRICTIONS
    International Economic Review, 2017, 58, (1), 95-125 View citations (1)
    See also Working Paper (2015)
17. Liquidity: A New Monetarist Perspective
    Journal of Economic Literature, 2017, 55, (2), 371-440 View citations (123)

2016

18. Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
    Review of Economic Dynamics, 2016, 21, 105-124 View citations (9)
    See also Working Paper (2012)
    Software Item (2014)
19. Introduction to the Special Issue in Honor of Dale Mortensen
    Review of Economic Dynamics, 2016, 19, 1-3
20. Introduction to the symposium issue on money and liquidity
    Journal of Economic Theory, 2016, 164, (C), 1-9
21. MARRIAGE, MARKETS, AND MONEY: A COASIAN THEORY OF HOUSEHOLD FORMATION
    International Economic Review, 2016, 57, (2), 337-368
    See also Working Paper (2014)
22. Monetary mechanisms
    Journal of Economic Theory, 2016, 163, (C), 644-657 View citations (8)
    See also Working Paper (2016)
23. Money and Credit Redux
    Econometrica, 2016, 84, 1-32 View citations (23)
    See also Working Paper (2015)
24. Search-based models of money and finance: An integrated approach
    Journal of Economic Theory, 2016, 164, (C), 10-31 View citations (24)
    See also Working Paper (2014)
25. Venture Capital: A Model of Search and Bargaining
    Review of Economic Dynamics, 2016, 19, 232-246 View citations (19)

2015

26. Housing and Liquidity
    Review of Economic Dynamics, 2015, 18, (3), 435-455 View citations (24)
    See also Working Paper (2013)
    Software Item (2014)
27. More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets
    Journal of Money, Credit and Banking, 2015, 47, (S2), 7-37 View citations (18)
    See also Working Paper (2014)

2014

28. BUYERS, SELLERS, AND MIDDLEMEN: VARIATIONS ON SEARCH‐THEORETIC THEMES
    International Economic Review, 2014, 55, (2), 375-397 View citations (3)
    See also Working Paper (2011)
29. Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
    NBER Macroeconomics Annual, 2014, 28, (1), 227 - 270 View citations (38)
    See also Chapter (2013)
    Working Paper (2013)

2013

30. Banking: A New Monetarist Approach
    Review of Economic Studies, 2013, 80, (2), 636-662 View citations (63)
31. Endogenous Credit Cycles
    Journal of Political Economy, 2013, 121, (5), 940 - 965 View citations (74)
    See also Working Paper (2011)
32. Liquidity and asset-market dynamics
    Journal of Monetary Economics, 2013, 60, (2), 275-294 View citations (58)
    See also Working Paper (2011)

2012

33. Information, Liquidity, Asset Prices, and Monetary Policy
    Review of Economic Studies, 2012, 79, (3), 1209-1238 View citations (168)
34. STICKY PRICES: A NEW MONETARIST APPROACH
    Journal of the European Economic Association, 2012, 10, (5), 939-973 View citations (59)
    See also Working Paper (2011)

2011

35. INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUES ON MONEY, CREDIT, AND LIQUIDITY
    Macroeconomic Dynamics, 2011, 15, (S1), 1-9
    See also Working Paper (2010)
36. Inflation and Unemployment in the Long Run
    American Economic Review, 2011, 101, (1), 371-98 View citations (117)
    See also Working Paper (2009)
37. Information and Liquidity
    Journal of Money, Credit and Banking, 2011, 43, (s2), 355-377 View citations (3)
    Also in Journal of Money, Credit and Banking, 2011, 43, 355-377 (2011) View citations (57)
38. Money and capital
    Journal of Monetary Economics, 2011, 58, (2), 98-116 View citations (68)
    See also Working Paper (2007)
39. ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
    Macroeconomic Dynamics, 2011, 15, (S2), 191-216 View citations (12)

2010

40. A uniqueness proof for monetary steady state
    Journal of Economic Theory, 2010, 145, (1), 382-391 View citations (39)
41. Adverse Selection in Competitive Search Equilibrium
    Econometrica, 2010, 78, (6), 1823-1862 View citations (193)
    See also Working Paper (2009)
42. Introduction to Search Theory and Applications
    Journal of Economic Theory, 2010, 145, (4), 1319-1324 View citations (3)
43. New monetarist economics: methods
    Review, 2010, 92, (May), 265-302 View citations (27)
    See also Working Paper (2010)
44. On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
    Journal of Economic Theory, 2010, 145, (1), 392-401 View citations (29)
45. Search and the market for ideas
    Journal of Economic Theory, 2010, 145, (4), 1550-1573 View citations (39)

2009

46. A conference on liquidity in frictional markets
    Policy Discussion Papers, 2009, (May)
47. Labor market fluctuations in the small and in the large
    International Journal of Economic Theory, 2009, 5, (1), 125-137 View citations (6)
    See also Working Paper (2008)

2008

48. A Model of Money and Credit, with Application to the Credit Card Debt Puzzle
    Review of Economic Studies, 2008, 75, (2), 629-647 View citations (134)
    See also Working Paper (2007)
49. General equilibrium with nonconvexities and money
    Journal of Economic Theory, 2008, 142, (1), 294-317 View citations (31)
50. Introduction to monetary and macro economics
    Journal of Economic Theory, 2008, 142, (1), 1-4 View citations (1)
51. Money, banking, and monetary policy
    Journal of Monetary Economics, 2008, 55, (6), 1013-1024 View citations (55)
    See also Working Paper (2008)

2007

52. AN INTERVIEW WITH PETER DIAMOND
    Macroeconomic Dynamics, 2007, 11, (4), 543-565 View citations (3)
53. Inflation and Unemployment in General Equilibrium
    Scandinavian Journal of Economics, 2007, 109, (4), 837-855 View citations (10)
    See also Working Paper (2007)
54. The 2006 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2007, (Apr)
55. The 2007 Summer Workshop on Money, Banking and Payments: an overview
    Policy Discussion Papers, 2007, (Dec)

2006

56. Alternative theories of wage dispersion
    European Economic Review, 2006, 50, (4), 831-848 View citations (39)
    See also Chapter (2006)
    Working Paper (2005)
57. Equilibrium Wage Dispersion: An Example
    The B.E. Journal of Macroeconomics, 2006, 6, (2), 1-18 View citations (3)
    See also Working Paper (2006)
58. The 2005 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2006, (Mar)

2005

59. A Unified Framework for Monetary Theory and Policy Analysis
    Journal of Political Economy, 2005, 113, (3), 463-484 View citations (1002)
    See also Working Paper (2004)
60. Commentary on \\"the cyclicality of hires, separations, and job-to-job transitions\\"
    Review, 2005, 87, (Jul), 509-512
61. INTRODUCTION TO "MODELS OF MONETARY ECONOMIES II: THE NEXT GENERATION"
    International Economic Review, 2005, 46, (2), 305-316 View citations (9)
62. Introduction to \\"Models of Monetary Economies II: The Next Generation\\"
    Quarterly Review, 2005, 29, (Oct), 2-9 View citations (8)
63. MONEY AND BANKING IN SEARCH EQUILIBRIUM
    International Economic Review, 2005, 46, (2), 637-670 View citations (155)
64. Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
    Econometrica, 2005, 73, (1), 175-202 View citations (481)
    See also Working Paper (2004)
65. Recent developments in monetary economics: a summary of the 2004 Workshop on Money, Banking, and Payments
    Policy Discussion Papers, 2005, (Jan)

2004

66. A simple search model of money with heterogeneous agents and partial acceptability
    Economic Theory, 2004, 24, (4), 877-885 View citations (15)
    See also Chapter (2006)
    Working Paper (2002)
67. AN ON-THE-JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT
    International Economic Review, 2004, 45, (3), 681-706 View citations (52)
    See also Working Paper (2003)
68. Price setting, price dispersion, and the value of money: or, the law of two prices
    Journal of Monetary Economics, 2004, 51, (8), 1599-1621 View citations (36)
    See also Working Paper (2002)
69. Unstable Relationships
    The B.E. Journal of Macroeconomics, 2004, 1, (1), 1-44 View citations (26)

2003

70. Crime, Inequality, and Unemployment
    American Economic Review, 2003, 93, (5), 1764-1777 View citations (115)
    See also Working Paper (2003)
71. Directed Matching and Monetary Exchange
    Econometrica, 2003, 71, (3), 731-756 View citations (66)
72. Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money
    Journal of Economic Theory, 2003, 109, (2), 156-171 View citations (60)
    See also Working Paper (2002)
73. Search, money, and capital: a neoclassical dichotomy
    Proceedings, 2003, 1085-1117 View citations (42)
    See also Working Paper (2002)

2002

74. Competitive Pricing and Efficiency in Search Equilibrium
    International Economic Review, 2002, 43, (1), 1-20 View citations (142)
75. Indivisibilities, Lotteries, and Monetary Exchange
    Journal of Economic Theory, 2002, 107, (1), 70-94 View citations (64)
    See also Working Paper (2002)
76. Matching and Money
    American Economic Review, 2002, 92, (2), 67-71 View citations (31)

2001

77. Cigarette Money
    Journal of Economic Theory, 2001, 99, (1-2), 117-142 View citations (23)
78. Generalized search-theoretic models of monetary exchange
    Journal of Monetary Economics, 2001, 48, (3), 605-622 View citations (19)
    See also Working Paper (2000)
79. International Currency
    The B.E. Journal of Macroeconomics, 2001, 1, (1), 1-17 View citations (17)
80. Pricing and Matching with Frictions
    Journal of Political Economy, 2001, 109, (5), 1060-1085 View citations (422)

2000

81. Homework in Development Economics: Household Production and the Wealth of Nations
    Journal of Political Economy, 2000, 108, (4), 680-687 View citations (152)
82. Homework in labor economics: Household production and intertemporal substitution
    Journal of Monetary Economics, 2000, 46, (3), 557-579 View citations (79)
83. The search-theoretic approach to monetary economics: a primer
    Economic Review, 2000, (Q IV), 10-28 View citations (22)

1999

84. A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
    Review of Economic Dynamics, 1999, 2, (1), 291-323 View citations (49)
    See also Working Paper (1997)
85. A note on asymmetric and mixed strategy equilibria in the search-theoretic model of fiat money
    Economic Theory, 1999, 14, (2), 463-471 View citations (6)
86. Comment on Inside and Outside Money as Alternative Media of Exchange
    Journal of Money, Credit and Banking, 1999, 31, (3), 461-68 View citations (4)
87. Household production and development
    Economic Review, 1999, (Q III), 21-35 View citations (4)
88. Introduction to the Special Issue on Search, Matching and Related Topics
    International Economic Review, 1999, 40, (4), 803-08

1998

89. A Dynamic Equilibrium Model of Search, Bargaining, and Money
    Journal of Economic Theory, 1998, 78, (1), 32-54 View citations (57)
    See also Working Paper
90. Government Transaction Policy, Media of Exchange, and Prices
    Journal of Economic Theory, 1998, 81, (2), 290-313 View citations (67)
91. INTERVIEW WITH DAVID CASS
    Macroeconomic Dynamics, 1998, 2, (4), 533-558 View citations (4)
92. Two-Sided Search with Nontransferable Utility
    Review of Economic Dynamics, 1998, 1, (1), 220-245 View citations (58)
    See also Working Paper (1994)

1997

93. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations (344)
    See also Working Paper (1995)
94. MONEY AS A MEDIUM OF EXCHANGE WHEN GOODS VARY BY SUPPLY AND DEMAND
    Macroeconomic Dynamics, 1997, 1, (4), 680-700 View citations (8)
    See also Working Paper (1996)

1996

95. Coexistence of money and interest-bearing securities
    Journal of Monetary Economics, 1996, 37, (3), 397-419 View citations (78)
    See also Working Paper (1996)
96. Search-theoretic models of international currency
    Review, 1996, 78, (May), 117-132 View citations (12)
    Also in Proceedings, 1996, 78, (May), 117-132 (1996) View citations (18)
97. Taxes, redistribution, and growth
    Journal of Public Economics, 1996, 62, (3), 327-338 View citations (13)

1995

98. Estimating Substitution Elasticities in Household Production Models
    Economic Theory, 1995, 6, (1), 179-93 View citations (157)
    See also Working Paper (1994)
99. Information, sticky prices and macroeconomic foundations: commentary
    Proceedings, 1995, (May), 119-124
    Also in Review, 1995, (May), 119-124 (1995)
100. Search, Bargaining, Money, and Prices
     Journal of Political Economy, 1995, 103, (1), 118-41 View citations (344)
101. Search, evolution, and money
     Journal of Economic Dynamics and Control, 1995, 19, (1-2), 181-206 View citations (45)

1994

102. A Note on Sunspot Equilibria in Search Models of Fiat Money
     Journal of Economic Theory, 1994, 64, (1), 234-241 View citations (12)
103. Barter and Monetary Exchange under Private Information
     American Economic Review, 1994, 84, (1), 104-23 View citations (101)
     See also Working Paper (1991)

1993

104. A Search-Theoretic Approach to Monetary Economics
     American Economic Review, 1993, 83, (1), 63-77 View citations (460)
105. A dynamic equilibrium model of search, production, and exchange
     Journal of Economic Dynamics and Control, 1993, 17, (5-6), 723-758 View citations (30)
106. Indivisibilities, Lotteries, and Sunspot Equilibria
     Economic Theory, 1993, 3, (1), 1-17 View citations (45)
     See also Working Paper (2010)
107. More on Money as a Medium of Exchange
     Economic Theory, 1993, 3, (2), 297-314 View citations (43)
     See also Working Paper (1991)
108. Putting home economics into macroeconomics
     Quarterly Review, 1993, 17, (Sum), 2-11 View citations (8)
109. Search, Bargaining, Money and Prices: Recent Results and Policy Implications
     Journal of Money, Credit and Banking, 1993, 25, (3), 558-76 View citations (13)
     Also in Proceedings, 1993, 558-584 (1993) View citations (15)

1992

110. Acceptability, means of payment, and media of exchange
     Quarterly Review, 1992, 16, (Sum), 18-21 View citations (1)
111. The Role of Household Production in Models of Involuntary Unemployment and Underemployment
     Canadian Journal of Economics, 1992, 25, (3), 507-20 View citations (11)
112. The labor market in real business cycle theory
     Quarterly Review, 1992, 16, (Spr), 2-12 View citations (66)
113. Why Is Automobile Insurance in Philadelphia So Damn Expensive?
     American Economic Review, 1992, 82, (4), 756-72 View citations (34)
     See also Working Paper (1991)

1991

114. A contribution to the pure theory of money
     Journal of Economic Theory, 1991, 53, (2), 215-235 View citations (175)
     See also Working Paper (1989)
115. Homework in Macroeconomics: Household Production and Aggregate Fluctuations
     Journal of Political Economy, 1991, 99, (6), 1166-87 View citations (622)
     See also Working Paper (1991)
116. Subsidization and Stabilization: Optimal Employment Policy under Aggregate Uncertainty
     International Economic Review, 1991, 32, (2), 513-28 View citations (2)
117. The Welfare Costs of Moderate Inflations: Comment
     Journal of Money, Credit and Banking, 1991, 23, (3), 513-18 View citations (3)
118. The effects of risk on efficient labor contracts
     Finnish Economic Papers, 1991, 4, (1), 2-9 View citations (2)
119. The labor market implications of unemployment insurance and short-term compensation
     Quarterly Review, 1991, 15, (Sum), 11-19 View citations (2)

1989

120. On Money as a Medium of Exchange
     Journal of Political Economy, 1989, 97, (4), 927-54 View citations (839)
121. Optimal firm size, taxes, and unemployment
     Journal of Public Economics, 1989, 39, (3), 275-287 View citations (39)
122. Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours per Worker, and Wages
     Journal of Political Economy, 1989, 97, (6), 1479-96 View citations (130)

1988

123. Involuntary unemployment in economies with efficient risk sharing
     Journal of Monetary Economics, 1988, 22, (3), 501-515 View citations (69)
124. The Observational Implications of Labor Contracts in a Dynamic General Equilibrium Model
     Journal of Labor Economics, 1988, 6, (4), 530-51 View citations (6)

1987

125. Market structure and competitive equilibrium in dynamic economic models
     Journal of Economic Theory, 1987, 41, (1), 189-201 View citations (19)
126. Search, Layoffs, and Reservation Wages
     Journal of Labor Economics, 1987, 5, (3), 354-65 View citations (10)
127. Unemployment Insurance, Taxes, and Unemployment
     Canadian Journal of Economics, 1987, 20, (1), 36-54 View citations (4)

1986

128. Job Search and Cyclical Unemployment
     Journal of Political Economy, 1986, 94, (1), 38-55 View citations (22)
129. The redistributive roles of unemployment insurance and the dynamics of voting
     Journal of Public Economics, 1986, 31, (3), 377-399 View citations (84)

Undated

130. General Equilibrium with Multiple Liquid Assets"
     Review of Economic Dynamics
     See also Software Item (2023)

Chapters

2013

1. Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
   A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 227-270 View citations (42)
   See also Journal Article in NBER Macroeconomics Annual (2014)
   Working Paper (2013)

2010

2. New Monetarist Economics: Models
   Chapter 02 in Handbook of Monetary Economics, 2010, vol. 3, pp 25-96 View citations (109)
   See also Working Paper (2010)

2006

3. A simple search model of money with heterogeneous agents and partial acceptability
   Springer
   See also Journal Article in Economic Theory (2004)
   Working Paper (2002)
4. Alternative Theories of Wage Dispersion
   A chapter in Structural Models of Wage and Employment Dynamics, 2006, pp 61-82
   See also Journal Article in European Economic Review (2006)
   Working Paper (2005)

2005

5. The Business Cycle and the Life Cycle
   A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 415-592 View citations (53)
   See also Working Paper (2004)

2000

6. Estimating the Intertemporal Elasticity of Substitution in a Model with Household Production: Implications for Macroeconomics
   A chapter in Panel Data and Structural Labour Market Models, 2000, pp 171-195

Software Items

2023

1. Code and data files for "General Equilibrium with Multiple Liquid Assets"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics

2020

2. Code and data files for "Frictional Capital Reallocation with Ex Post Heterogeneity"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)

2014

3. Code and data files for "Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2016)
4. Code and data files for "Housing and Liquidity"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2015)

Editor

1. International Economic Review
   Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association