Details about Randall Wright
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
- 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
- Endogenous Liquidity and Capital Reallocation
Staff Working Papers, Bank of Canada View citations (1)
2021
- Is Money Essential? An Experimental Approach
Working Paper, Federal Reserve Bank of Richmond View citations (1)
- Market Freezes
NBER Working Papers, National Bureau of Economic Research, Inc
2020
- 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)
- 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)
- Toxic Assets and Market Freezes
Working Papers, Department of Economics, University of Missouri
2019
- Cyclical Capital Reallocation
2019 Meeting Papers, Society for Economic Dynamics View citations (2)
- 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)
- 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)
- 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)
- 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
- 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)
- Frictional Capital Reallocation II: Ex Post Heterogeneity
2018 Meeting Papers, Society for Economic Dynamics View citations (10)
2017
- 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)
- Modeling House Prices
2017 Meeting Papers, Society for Economic Dynamics
- Money and Credit: Theory and Applications
IMF Working Papers, International Monetary Fund View citations (6)
- Open Market Operations
2017 Meeting Papers, Society for Economic Dynamics View citations (4)
See also Journal Article in Journal of Monetary Economics (2018)
2016
- Are Prices Sticky and Does It Matter?
Economic Policy Paper, Federal Reserve Bank of Minneapolis
- Constructing Stategies in the Indefinitely Repeated Prisoner's Dilemma Game
Purdue University Economics Working Papers, Purdue University, Department of Economics
- Innovation and Growth with Frictions
Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)
- Monetary Mechanisms
Working Papers, Department of Economics, University of Missouri View citations (8)
See also Journal Article in Journal of Economic Theory (2016)
- The Effects of Monetary Policy and Other Announcements
Working Papers, Department of Economics, University of Missouri View citations (2)
2015
- Costly Credit and Sticky Prices
Working Papers, University of Hawaii at Manoa, Department of Economics View citations (6)
- 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)
- Macroeconomic Policy and Household Economics
Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)
- Money and Credit Redux
Working Papers, Department of Economics, University of Missouri View citations (13)
See also Journal Article in Econometrica (2016)
2014
- A Simple Model of Price Dispersion and Price Rigidity
2014 Meeting Papers, Society for Economic Dynamics View citations (1)
- 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)
- 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)
- 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
- 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)
- 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
- 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)
- Pledgability and Liquidity
2012 Meeting Papers, Society for Economic Dynamics
2011
- 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)
- Buyers, sellers and middlemen: variations in search theory
Working Papers, Federal Reserve Bank of Minneapolis View citations (6)
- 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)
- Homework in Monetary Economics: Inflation and House Prices
2011 Meeting Papers, Society for Economic Dynamics
- 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)
- 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
- 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)
- 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)
- Information, Liquidity, Asset Prices and Monetary Policy, Second Version
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
- 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)
- 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)
- 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)
- Sticky Prices?
2010 Meeting Papers, Society for Economic Dynamics View citations (4)
- Summer workshop on money, banking, payments and finance: an overview
Working Paper Series, Federal Reserve Bank of Chicago
2009
- 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)
- 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)
- 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)
- Money and capital: a quantitative analysis
Working Papers, Federal Reserve Bank of St. Louis View citations (6)
- “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
- Information, Liquidity and Asset Prices
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (18)
- 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)
- 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
- 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)
- 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)
- Inflation and unemployment: Lagos-Wright meets Mortensen-Pissarides
2007 Meeting Papers, Society for Economic Dynamics View citations (6)
- 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)
- When is Money Essential? A Comment on Aliprantis, Camera and Puzzello
Levine's Bibliography, UCLA Department of Economics View citations (6)
2006
- 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)
- 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)
- Liquidity and the Market for Ideas
2006 Meeting Papers, Society for Economic Dynamics View citations (2)
2005
- 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)
- Wage Dispersion: An Example
Working Papers ERMES, ERMES, University Paris 2
2004
- 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)
- 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)
- Search-Theoretic Models of the Labor Market-A Survey
NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
- The business cycle and the life cycle
Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (46)
See also Chapter (2005)
2003
- 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)
- 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)
- 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)
- 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
- 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)
- 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)
- 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)
- 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)
- 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
- 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
- A note on purifying mixed strategy equilibria in the search-theoretic model of fiat money
Working Papers, Federal Reserve Bank of Philadelphia
- Pricing with frictions
Working Papers, Federal Reserve Bank of Philadelphia View citations (14)
1997
- 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)
- A note on purifying mixed strategy equilibria in the search model of money
Working Papers (Old Series), Federal Reserve Bank of Cleveland
1996
- 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)
- 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
- 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)
- Toward a theory of international currency: a step further
Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
1994
- Dynamic bargaining theory
Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
- 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)
- Two-sided search
Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
See also Journal Article in Review of Economic Dynamics (1998)
1993
- Household Production in Real Business Cycle Thoery
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (47)
- Household production and taxation in the stochastic growth model
Staff Report, Federal Reserve Bank of Minneapolis View citations (24)
1991
- A discussion of Cooley and Hansen's \\"welfare costs of moderate inflations.\\"
Staff Report, Federal Reserve Bank of Minneapolis
- A note on labor contracts with private information and household production
Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
- 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)
- 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)
- 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)
- 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
- HOMEWORK IN MACROECONOMICS I: BASIC THEORY
Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (11)
- HOMEWORK IN MACROECONOMICS II: AGGREGATE FLUCTUATIONS
Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (8)
- Homework in Macoreconomics I: Basic Theory (Part I of II)
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
- 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)
- 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
- 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
- FIAT MONEY IN SEARCH EQUILIBRIUM
Working papers, Wisconsin Madison - Social Systems View citations (2)
Undated
- 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
- Diamond–Dybvig and beyond: On the instability of banking
European Economic Review, 2023, 154, (C) 
See also Working Paper (2023)
2022
- Playing with money
Journal of Economic Behavior & Organization, 2022, 200, (C), 1221-1239 
See also Working Paper (2019)
2021
- Asset pricing in monetary economies
Journal of International Money and Finance, 2021, 115, (C) View citations (1)
- Directed Search and Competitive Search Equilibrium: A Guided Tour
Journal of Economic Literature, 2021, 59, (1), 90-148 View citations (33)
2020
- 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)
- Frictional Goods Markets: Theory and Applications
Review of Economic Studies, 2020, 87, (2), 691-720 View citations (17)
- STICKY PRICES AND COSTLY CREDIT
International Economic Review, 2020, 61, (1), 37-70 View citations (8)
See also Working Paper (2020)
- THE EFFECTS OF NEWS WHEN LIQUIDITY MATTERS
International Economic Review, 2020, 61, (4), 1411-1435 View citations (2)
2019
- 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)
- On Complicated Dynamics in Simple Monetary Models
Journal of Money, Credit and Banking, 2019, 51, (6), 1433-1453 View citations (1)
2018
- Corporate Finance and Monetary Policy
American Economic Review, 2018, 108, (4-5), 1147-86 View citations (31)
See also Working Paper (2018)
- 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)
- On the future of macroeconomics: a New Monetarist perspective
Oxford Review of Economic Policy, 2018, 34, (1-2), 107-131 View citations (6)
- Open market operations
Journal of Monetary Economics, 2018, 98, (C), 114-128 View citations (25)
See also Working Paper (2017)
2017
- A new suggestion for simplifying the theory of money
Journal of Economic Theory, 2017, 172, (C), 423-450 View citations (5)
- INNOVATION AND GROWTH WITH FINANCIAL, AND OTHER, FRICTIONS
International Economic Review, 2017, 58, (1), 95-125 View citations (1)
See also Working Paper (2015)
- Liquidity: A New Monetarist Perspective
Journal of Economic Literature, 2017, 55, (2), 371-440 View citations (123)
2016
- 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)
- Introduction to the Special Issue in Honor of Dale Mortensen
Review of Economic Dynamics, 2016, 19, 1-3
- Introduction to the symposium issue on money and liquidity
Journal of Economic Theory, 2016, 164, (C), 1-9
- MARRIAGE, MARKETS, AND MONEY: A COASIAN THEORY OF HOUSEHOLD FORMATION
International Economic Review, 2016, 57, (2), 337-368 
See also Working Paper (2014)
- Monetary mechanisms
Journal of Economic Theory, 2016, 163, (C), 644-657 View citations (8)
See also Working Paper (2016)
- Money and Credit Redux
Econometrica, 2016, 84, 1-32 View citations (23)
See also Working Paper (2015)
- 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)
- Venture Capital: A Model of Search and Bargaining
Review of Economic Dynamics, 2016, 19, 232-246 View citations (19)
2015
- Housing and Liquidity
Review of Economic Dynamics, 2015, 18, (3), 435-455 View citations (24)
See also Working Paper (2013) Software Item (2014)
- 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
- 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)
- 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
- Banking: A New Monetarist Approach
Review of Economic Studies, 2013, 80, (2), 636-662 View citations (63)
- Endogenous Credit Cycles
Journal of Political Economy, 2013, 121, (5), 940 - 965 View citations (74)
See also Working Paper (2011)
- Liquidity and asset-market dynamics
Journal of Monetary Economics, 2013, 60, (2), 275-294 View citations (58)
See also Working Paper (2011)
2012
- Information, Liquidity, Asset Prices, and Monetary Policy
Review of Economic Studies, 2012, 79, (3), 1209-1238 View citations (168)
- 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
- INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUES ON MONEY, CREDIT, AND LIQUIDITY
Macroeconomic Dynamics, 2011, 15, (S1), 1-9 
See also Working Paper (2010)
- Inflation and Unemployment in the Long Run
American Economic Review, 2011, 101, (1), 371-98 View citations (117)
See also Working Paper (2009)
- 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)
- Money and capital
Journal of Monetary Economics, 2011, 58, (2), 98-116 View citations (68)
See also Working Paper (2007)
- ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
Macroeconomic Dynamics, 2011, 15, (S2), 191-216 View citations (12)
2010
- A uniqueness proof for monetary steady state
Journal of Economic Theory, 2010, 145, (1), 382-391 View citations (39)
- Adverse Selection in Competitive Search Equilibrium
Econometrica, 2010, 78, (6), 1823-1862 View citations (193)
See also Working Paper (2009)
- Introduction to Search Theory and Applications
Journal of Economic Theory, 2010, 145, (4), 1319-1324 View citations (3)
- New monetarist economics: methods
Review, 2010, 92, (May), 265-302 View citations (27)
See also Working Paper (2010)
- On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
Journal of Economic Theory, 2010, 145, (1), 392-401 View citations (29)
- Search and the market for ideas
Journal of Economic Theory, 2010, 145, (4), 1550-1573 View citations (39)
2009
- A conference on liquidity in frictional markets
Policy Discussion Papers, 2009, (May)
- 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
- 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)
- General equilibrium with nonconvexities and money
Journal of Economic Theory, 2008, 142, (1), 294-317 View citations (31)
- Introduction to monetary and macro economics
Journal of Economic Theory, 2008, 142, (1), 1-4 View citations (1)
- Money, banking, and monetary policy
Journal of Monetary Economics, 2008, 55, (6), 1013-1024 View citations (55)
See also Working Paper (2008)
2007
- AN INTERVIEW WITH PETER DIAMOND
Macroeconomic Dynamics, 2007, 11, (4), 543-565 View citations (3)
- Inflation and Unemployment in General Equilibrium
Scandinavian Journal of Economics, 2007, 109, (4), 837-855 View citations (10)
See also Working Paper (2007)
- The 2006 Summer Workshop on Money, Banking, and Payments: an overview
Policy Discussion Papers, 2007, (Apr)
- The 2007 Summer Workshop on Money, Banking and Payments: an overview
Policy Discussion Papers, 2007, (Dec)
2006
- Alternative theories of wage dispersion
European Economic Review, 2006, 50, (4), 831-848 View citations (39)
See also Chapter (2006) Working Paper (2005)
- Equilibrium Wage Dispersion: An Example
The B.E. Journal of Macroeconomics, 2006, 6, (2), 1-18 View citations (3)
See also Working Paper (2006)
- The 2005 Summer Workshop on Money, Banking, and Payments: an overview
Policy Discussion Papers, 2006, (Mar)
2005
- 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)
- Commentary on \\"the cyclicality of hires, separations, and job-to-job transitions\\"
Review, 2005, 87, (Jul), 509-512
- INTRODUCTION TO "MODELS OF MONETARY ECONOMIES II: THE NEXT GENERATION"
International Economic Review, 2005, 46, (2), 305-316 View citations (9)
- Introduction to \\"Models of Monetary Economies II: The Next Generation\\"
Quarterly Review, 2005, 29, (Oct), 2-9 View citations (8)
- MONEY AND BANKING IN SEARCH EQUILIBRIUM
International Economic Review, 2005, 46, (2), 637-670 View citations (155)
- 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)
- Recent developments in monetary economics: a summary of the 2004 Workshop on Money, Banking, and Payments
Policy Discussion Papers, 2005, (Jan)
2004
- 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)
- 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)
- 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)
- Unstable Relationships
The B.E. Journal of Macroeconomics, 2004, 1, (1), 1-44 View citations (26)
2003
- Crime, Inequality, and Unemployment
American Economic Review, 2003, 93, (5), 1764-1777 View citations (115)
See also Working Paper (2003)
- Directed Matching and Monetary Exchange
Econometrica, 2003, 71, (3), 731-756 View citations (66)
- 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)
- Search, money, and capital: a neoclassical dichotomy
Proceedings, 2003, 1085-1117 View citations (42)
See also Working Paper (2002)
2002
- Competitive Pricing and Efficiency in Search Equilibrium
International Economic Review, 2002, 43, (1), 1-20 View citations (142)
- Indivisibilities, Lotteries, and Monetary Exchange
Journal of Economic Theory, 2002, 107, (1), 70-94 View citations (64)
See also Working Paper (2002)
- Matching and Money
American Economic Review, 2002, 92, (2), 67-71 View citations (31)
2001
- Cigarette Money
Journal of Economic Theory, 2001, 99, (1-2), 117-142 View citations (23)
- Generalized search-theoretic models of monetary exchange
Journal of Monetary Economics, 2001, 48, (3), 605-622 View citations (19)
See also Working Paper (2000)
- International Currency
The B.E. Journal of Macroeconomics, 2001, 1, (1), 1-17 View citations (17)
- Pricing and Matching with Frictions
Journal of Political Economy, 2001, 109, (5), 1060-1085 View citations (422)
2000
- Homework in Development Economics: Household Production and the Wealth of Nations
Journal of Political Economy, 2000, 108, (4), 680-687 View citations (152)
- Homework in labor economics: Household production and intertemporal substitution
Journal of Monetary Economics, 2000, 46, (3), 557-579 View citations (79)
- The search-theoretic approach to monetary economics: a primer
Economic Review, 2000, (Q IV), 10-28 View citations (22)
1999
- 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)
- 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)
- 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)
- Household production and development
Economic Review, 1999, (Q III), 21-35 View citations (4)
- Introduction to the Special Issue on Search, Matching and Related Topics
International Economic Review, 1999, 40, (4), 803-08
1998
- 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
- Government Transaction Policy, Media of Exchange, and Prices
Journal of Economic Theory, 1998, 81, (2), 290-313 View citations (67)
- INTERVIEW WITH DAVID CASS
Macroeconomic Dynamics, 1998, 2, (4), 533-558 View citations (4)
- Two-Sided Search with Nontransferable Utility
Review of Economic Dynamics, 1998, 1, (1), 220-245 View citations (58)
See also Working Paper (1994)
1997
- 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)
- 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
- Coexistence of money and interest-bearing securities
Journal of Monetary Economics, 1996, 37, (3), 397-419 View citations (78)
See also Working Paper (1996)
- 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)
- Taxes, redistribution, and growth
Journal of Public Economics, 1996, 62, (3), 327-338 View citations (13)
1995
- Estimating Substitution Elasticities in Household Production Models
Economic Theory, 1995, 6, (1), 179-93 View citations (157)
See also Working Paper (1994)
- Information, sticky prices and macroeconomic foundations: commentary
Proceedings, 1995, (May), 119-124 
Also in Review, 1995, (May), 119-124 (1995)
- Search, Bargaining, Money, and Prices
Journal of Political Economy, 1995, 103, (1), 118-41 View citations (344)
- Search, evolution, and money
Journal of Economic Dynamics and Control, 1995, 19, (1-2), 181-206 View citations (45)
1994
- A Note on Sunspot Equilibria in Search Models of Fiat Money
Journal of Economic Theory, 1994, 64, (1), 234-241 View citations (12)
- Barter and Monetary Exchange under Private Information
American Economic Review, 1994, 84, (1), 104-23 View citations (101)
See also Working Paper (1991)
1993
- A Search-Theoretic Approach to Monetary Economics
American Economic Review, 1993, 83, (1), 63-77 View citations (460)
- A dynamic equilibrium model of search, production, and exchange
Journal of Economic Dynamics and Control, 1993, 17, (5-6), 723-758 View citations (30)
- Indivisibilities, Lotteries, and Sunspot Equilibria
Economic Theory, 1993, 3, (1), 1-17 View citations (45)
See also Working Paper (2010)
- More on Money as a Medium of Exchange
Economic Theory, 1993, 3, (2), 297-314 View citations (43)
See also Working Paper (1991)
- Putting home economics into macroeconomics
Quarterly Review, 1993, 17, (Sum), 2-11 View citations (8)
- 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
- Acceptability, means of payment, and media of exchange
Quarterly Review, 1992, 16, (Sum), 18-21 View citations (1)
- The Role of Household Production in Models of Involuntary Unemployment and Underemployment
Canadian Journal of Economics, 1992, 25, (3), 507-20 View citations (11)
- The labor market in real business cycle theory
Quarterly Review, 1992, 16, (Spr), 2-12 View citations (66)
- 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
- 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)
- 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)
- Subsidization and Stabilization: Optimal Employment Policy under Aggregate Uncertainty
International Economic Review, 1991, 32, (2), 513-28 View citations (2)
- The Welfare Costs of Moderate Inflations: Comment
Journal of Money, Credit and Banking, 1991, 23, (3), 513-18 View citations (3)
- The effects of risk on efficient labor contracts
Finnish Economic Papers, 1991, 4, (1), 2-9 View citations (2)
- The labor market implications of unemployment insurance and short-term compensation
Quarterly Review, 1991, 15, (Sum), 11-19 View citations (2)
1989
- On Money as a Medium of Exchange
Journal of Political Economy, 1989, 97, (4), 927-54 View citations (839)
- Optimal firm size, taxes, and unemployment
Journal of Public Economics, 1989, 39, (3), 275-287 View citations (39)
- 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
- Involuntary unemployment in economies with efficient risk sharing
Journal of Monetary Economics, 1988, 22, (3), 501-515 View citations (69)
- 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
- Market structure and competitive equilibrium in dynamic economic models
Journal of Economic Theory, 1987, 41, (1), 189-201 View citations (19)
- Search, Layoffs, and Reservation Wages
Journal of Labor Economics, 1987, 5, (3), 354-65 View citations (10)
- Unemployment Insurance, Taxes, and Unemployment
Canadian Journal of Economics, 1987, 20, (1), 36-54 View citations (4)
1986
- Job Search and Cyclical Unemployment
Journal of Political Economy, 1986, 94, (1), 38-55 View citations (22)
- The redistributive roles of unemployment insurance and the dynamics of voting
Journal of Public Economics, 1986, 31, (3), 377-399 View citations (84)
Undated
- General Equilibrium with Multiple Liquid Assets"
Review of Economic Dynamics 
See also Software Item (2023)
Chapters
2013
- 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
- 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
- A simple search model of money with heterogeneous agents and partial acceptability
Springer
See also Journal Article in Economic Theory (2004) Working Paper (2002)
- 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
- 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
- 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
- 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
- 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
- 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)
- 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
- International Economic Review
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
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