Details about Randall Wright

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

Access statistics for papers by Randall Wright.

Last updated 2012-06-09. Update your information in the RePEc Author Service.

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Working Papers

2022

1. Endogenous Liquidity and Capital Reallocation
   Staff Working Papers, Bank of Canada

2021

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

2019

4. Intermediation in Markets for Goods and Markets for Assets
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
5. Playing with Money
   Working Paper, Federal Reserve Bank of Richmond

2017

6. Directed Search: A Guided Tour
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)

2016

7. Are Prices Sticky and Does It Matter?
   Economic Policy Paper, Federal Reserve Bank of Minneapolis
8. Innovation and Growth with Frictions
   Economic Policy Paper, Federal Reserve Bank of Minneapolis

2015

9. Macroeconomic Policy and Household Economics
   Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)

2014

10. More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets
    Working Paper Series, Federal Reserve Bank of Chicago View citations (2)
11. Search-Based Models of Money and Finance: An Integrated Approach
    Working Papers, Federal Reserve Bank of Minneapolis View citations (13)

2013

12. Innovation and growth with financial, and other, frictions
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    Also in Staff Working Papers, Bank of Canada (2011) View citations (22)
    Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (20)
13. Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    See also Chapter (2013)

2012

14. Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in Review of Economic Dynamics (2016)

2011

15. Buyers, Sellers and Middlemen: Variations on Search-Theoretic Themes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
16. Buyers, sellers and middlemen: variations in search theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (6)
17. Endogenous Credit Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (2)
    Working Papers, Department of Economics, University of Missouri (2010) View citations (3)
18. 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)

2010

19. 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)
20. 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)
    See also Journal Article in Economic Theory (1993)
21. Information, Liquidity, Asset Prices and Monetary Policy, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
22. 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)
23. Liquidity and asset market dynamics
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
24. New Monetarist Economics: Methods
    MPRA Paper, University Library of Munich, Germany View citations (52)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) View citations (25)
    See also Journal Article in Review (2010)
25. New Monetarist Economics: Models
    MPRA Paper, University Library of Munich, Germany View citations (94)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) View citations (45)
    See also Chapter (2010)
26. Summer workshop on money, banking, payments and finance: an overview
    Working Paper Series, Federal Reserve Bank of Chicago

2009

27. Adverse Selection in Competitive Search Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article in Econometrica (2010)
28. Banking: a mechanism design approach
    Working Papers, Federal Reserve Bank of Philadelphia View citations (8)
29. Inflation and unemployment in the long run
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich View citations (44)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (12)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008) View citations (25)
    See also Journal Article in American Economic Review (2011)
30. Money and capital: a quantitative analysis
    Working Papers, Federal Reserve Bank of St. Louis View citations (5)
31. “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

32. Information, Liquidity and Asset Prices
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (18)
33. 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)

2007

34. 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 (7)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (20)
35. Inflation and Unemployment in General Equilibrium
    University of California at Santa Barbara, Economics Working Paper Series, Department of Economics, UC Santa Barbara View citations (8)
36. Money and capital
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (16)
    See also Journal Article in Journal of Monetary Economics (2011)

2006

37. 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)
38. General Equilibrium with NonConvexities, Sunspots and Money
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in Working Papers, Cornell University, Center for Analytic Economics (2005) View citations (1)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2005) View citations (2)
39. Liquidity and the Market for Ideas
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)

2005

40. 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)
41. Wage Dispersion: An Example
    Working Papers ERMES, ERMES, University Paris 2

2004

42. A unified framework for monetary theory and policy analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2002) View citations (97)
    See also Journal Article in Journal of Political Economy (2005)
43. 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)
    See also Journal Article in Econometrica (2005)
44. Search-Theoretic Models of the Labor Market-A Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
45. The business cycle and the life cycle
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (33)
    See also Chapter (2005)

2003

46. 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 (40)
    See also Journal Article in International Economic Review (2004)
47. Crime, Inequality, and Unemployment, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (54)
    See also Journal Article in American Economic Review (2003)
48. 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)
49. 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

50. A simple search model of money with heterogeneous agents and partial acceptability
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Journal Article in Economic Theory (2004)
51. Dynamics, cycles and sunspot equilibria in \"genuinely dynamic, fundamentally disaggregative\" models of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (6)
    See also Journal Article in Journal of Economic Theory (2003)
52. 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)
53. Search, money and capital: a neoclassical dichotomy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (6)
    See also Journal Article in Proceedings (2003)

2000

54. Generalized search-theoretic models of monetary exchange
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    See also Journal Article in Journal of Monetary Economics (2001)

1998

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

1997

57. 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
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1997)
    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)
58. A note on purifying mixed strategy equilibria in the search model of money
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

1996

59. Coexistence of money and interest-bearing securities
    Working Papers, Federal Reserve Bank of Minneapolis View citations (72)
    See also Journal Article in Journal of Monetary Economics (1996)
60. 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 (5)
    See also Journal Article in Macroeconomic Dynamics (1997)

1995

61. 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)
62. Toward a theory of international currency: a step further
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

1994

63. Dynamic bargaining theory
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)
64. Estimating substitution elasticities in household production models
    Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
    See also Journal Article in Economic Theory (1995)
65. Two-sided search
    Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
    See also Journal Article in Review of Economic Dynamics (1998)

1993

66. Household Production in Real Business Cycle Thoery
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (47)
67. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (22)

1991

68. A discussion of Cooley and Hansen's \\"welfare costs of moderate inflations.\\"
    Staff Report, Federal Reserve Bank of Minneapolis
69. A note on labor contracts with private information and household production
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
70. 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) View citations (34)
    See also Journal Article in American Economic Review (1994)
71. Homework in macroeconomics: household production and aggregate fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (518)
    See also Journal Article in Journal of Political Economy (1991)
72. 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)
73. 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

74. HOMEWORK IN MACROECONOMICS I: BASIC THEORY
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (11)
75. HOMEWORK IN MACROECONOMICS II: AGGREGATE FLUCTUATIONS
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (8)
76. Homework in Macoreconomics I: Basic Theory (Part I of II)
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
77. 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)

1989

78. A contribution to the pure theory of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    See also Journal Article in Journal of Economic Theory (1991)

1988

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

Undated

80. 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

2020

1. Frictional Capital Reallocation with Ex Post Heterogeneity
   Review of Economic Dynamics, 2020, 37 Supplement 1, S227-S253 View citations (3)

2016

2. 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)
3. Introduction to the Special Issue in Honor of Dale Mortensen
   Review of Economic Dynamics, 2016, 19, 1-3
4. Venture Capital: A Model of Search and Bargaining
   Review of Economic Dynamics, 2016, 19, 232-246 View citations (18)

2015

5. Housing and Liquidity
   Review of Economic Dynamics, 2015, 18, (3), 435-455 View citations (19)

2011

6. INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUES ON MONEY, CREDIT, AND LIQUIDITY
   Macroeconomic Dynamics, 2011, 15, (S1), 1-9
   See also Working Paper (2010)
7. Inflation and Unemployment in the Long Run
   American Economic Review, 2011, 101, (1), 371-98 View citations (102)
   See also Working Paper (2009)
8. Information and Liquidity
   Journal of Money, Credit and Banking, 2011, 43, 355-377 View citations (56)
9. Money and capital
   Journal of Monetary Economics, 2011, 58, (2), 98-116 View citations (71)
   See also Working Paper (2007)
10. ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
    Macroeconomic Dynamics, 2011, 15, (S2), 191-216 View citations (12)

2010

11. A uniqueness proof for monetary steady state
    Journal of Economic Theory, 2010, 145, (1), 382-391 View citations (39)
12. Adverse Selection in Competitive Search Equilibrium
    Econometrica, 2010, 78, (6), 1823-1862 View citations (182)
    See also Working Paper (2009)
13. Introduction to Search Theory and Applications
    Journal of Economic Theory, 2010, 145, (4), 1319-1324 View citations (3)
14. New monetarist economics: methods
    Review, 2010, 92, (May), 265-302 View citations (26)
    See also Working Paper (2010)
15. On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
    Journal of Economic Theory, 2010, 145, (1), 392-401 View citations (29)
16. Search and the market for ideas
    Journal of Economic Theory, 2010, 145, (4), 1550-1573 View citations (38)

2009

17. A conference on liquidity in frictional markets
    Policy Discussion Papers, 2009, (May)
18. 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

19. General equilibrium with nonconvexities and money
    Journal of Economic Theory, 2008, 142, (1), 294-317 View citations (29)
20. Introduction to monetary and macro economics
    Journal of Economic Theory, 2008, 142, (1), 1-4 View citations (1)
21. Money, banking, and monetary policy
    Journal of Monetary Economics, 2008, 55, (6), 1013-1024 View citations (54)

2007

22. AN INTERVIEW WITH PETER DIAMOND
    Macroeconomic Dynamics, 2007, 11, (4), 543-565 View citations (3)
23. The 2006 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2007, (Apr)
24. The 2007 Summer Workshop on Money, Banking and Payments: an overview
    Policy Discussion Papers, 2007, (Dec)

2006

25. Alternative theories of wage dispersion
    European Economic Review, 2006, 50, (4), 831-848 View citations (36)
    See also Working Paper (2005)
26. Equilibrium Wage Dispersion: An Example
    The B.E. Journal of Macroeconomics, 2006, 6, (2), 1-18 View citations (3)
    See also Working Paper (2006)
27. The 2005 Summer Workshop on Money, Banking, and Payments: an overview
    Policy Discussion Papers, 2006, (Mar)

2005

28. A Unified Framework for Monetary Theory and Policy Analysis
    Journal of Political Economy, 2005, 113, (3), 463-484 View citations (918)
    See also Working Paper (2004)
29. Commentary on \\"the cyclicality of hires, separations, and job-to-job transitions\\"
    Review, 2005, 87, (Jul), 509-512
30. INTRODUCTION TO "MODELS OF MONETARY ECONOMIES II: THE NEXT GENERATION"
    International Economic Review, 2005, 46, (2), 305-316 View citations (9)
31. Introduction to \\"Models of Monetary Economies II: The Next Generation\\"
    Quarterly Review, 2005, 29, (Oct), 2-9 View citations (4)
32. MONEY AND BANKING IN SEARCH EQUILIBRIUM
    International Economic Review, 2005, 46, (2), 637-670 View citations (147)
33. Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
    Econometrica, 2005, 73, (1), 175-202 View citations (463)
    See also Working Paper (2004)
34. Recent developments in monetary economics: a summary of the 2004 Workshop on Money, Banking, and Payments
    Policy Discussion Papers, 2005, (Jan)

2004

35. A simple search model of money with heterogeneous agents and partial acceptability
    Economic Theory, 2004, 24, (4), 877-885 View citations (13)
    See also Working Paper (2002)
36. AN ON-THE-JOB SEARCH MODEL OF CRIME, INEQUALITY, AND UNEMPLOYMENT
    International Economic Review, 2004, 45, (3), 681-706 View citations (48)
    See also Working Paper (2003)
37. 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)
38. Unstable Relationships
    The B.E. Journal of Macroeconomics, 2004, 1, (1), 1-44 View citations (26)

2003

39. Crime, Inequality, and Unemployment
    American Economic Review, 2003, 93, (5), 1764-1777 View citations (111)
    See also Working Paper (2003)
40. Directed Matching and Monetary Exchange
    Econometrica, 2003, 71, (3), 731-756 View citations (63)
41. Dynamics, cycles, and sunspot equilibria in 'genuinely dynamic, fundamentally disaggregative' models of money
    Journal of Economic Theory, 2003, 109, (2), 156-171 View citations (57)
    See also Working Paper (2002)
42. Search, money, and capital: a neoclassical dichotomy
    Proceedings, 2003, 1085-1117 View citations (37)
    See also Working Paper (2002)

2002

43. Competitive Pricing and Efficiency in Search Equilibrium
    International Economic Review, 2002, 43, (1), 1-20 View citations (140)
44. Indivisibilities, Lotteries, and Monetary Exchange
    Journal of Economic Theory, 2002, 107, (1), 70-94 View citations (63)
45. Matching and Money
    American Economic Review, 2002, 92, (2), 67-71 View citations (30)

2001

46. Cigarette Money
    Journal of Economic Theory, 2001, 99, (1-2), 117-142 View citations (23)
47. Generalized search-theoretic models of monetary exchange
    Journal of Monetary Economics, 2001, 48, (3), 605-622 View citations (19)
    See also Working Paper (2000)
48. International Currency
    The B.E. Journal of Macroeconomics, 2001, 1, (1), 1-17 View citations (17)
49. Pricing and Matching with Frictions
    Journal of Political Economy, 2001, 109, (5), 1060-1085 View citations (418)

2000

50. Homework in Development Economics: Household Production and the Wealth of Nations
    Journal of Political Economy, 2000, 108, (4), 680-687 View citations (152)
51. Homework in labor economics: Household production and intertemporal substitution
    Journal of Monetary Economics, 2000, 46, (3), 557-579 View citations (77)
52. The search-theoretic approach to monetary economics: a primer
    Economic Review, 2000, (Q IV), 10-28 View citations (22)

1999

53. 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 (43)
    See also Working Paper (1997)
54. 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 (4)
55. 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)
56. Household production and development
    Economic Review, 1999, (Q III), 21-35 View citations (4)
57. Introduction to the Special Issue on Search, Matching and Related Topics
    International Economic Review, 1999, 40, (4), 803-08

1998

58. A Dynamic Equilibrium Model of Search, Bargaining, and Money
    Journal of Economic Theory, 1998, 78, (1), 32-54 View citations (55)
    See also Working Paper
59. Government Transaction Policy, Media of Exchange, and Prices
    Journal of Economic Theory, 1998, 81, (2), 290-313 View citations (65)
60. INTERVIEW WITH DAVID CASS
    Macroeconomic Dynamics, 1998, 2, (4), 533-558 View citations (5)
61. Two-Sided Search with Nontransferable Utility
    Review of Economic Dynamics, 1998, 1, (1), 220-245 View citations (55)
    See also Working Paper (1994)

1997

62. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations (334)
    See also Working Paper (1995)
63. MONEY AS A MEDIUM OF EXCHANGE WHEN GOODS VARY BY SUPPLY AND DEMAND
    Macroeconomic Dynamics, 1997, 1, (4), 680-700 View citations (7)
    See also Working Paper (1996)

1996

64. Coexistence of money and interest-bearing securities
    Journal of Monetary Economics, 1996, 37, (3), 397-419 View citations (77)
    See also Working Paper (1996)
65. Search-theoretic models of international currency
    Proceedings, 1996, 78, (May), 117-132 View citations (17)
    Also in Review, 1996, 78, (May), 117-132 (1996) View citations (11)
66. Taxes, redistribution, and growth
    Journal of Public Economics, 1996, 62, (3), 327-338 View citations (13)

1995

67. Estimating Substitution Elasticities in Household Production Models
    Economic Theory, 1995, 6, (1), 179-93 View citations (152)
    See also Working Paper (1994)
68. Information, sticky prices and macroeconomic foundations: commentary
    Review, 1995, (May), 119-124
    Also in Proceedings, 1995, (May), 119-124 (1995)
69. Search, Bargaining, Money, and Prices
    Journal of Political Economy, 1995, 103, (1), 118-41 View citations (340)
70. Search, evolution, and money
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 181-206 View citations (40)

1994

71. A Note on Sunspot Equilibria in Search Models of Fiat Money
    Journal of Economic Theory, 1994, 64, (1), 234-241 View citations (10)
72. Barter and Monetary Exchange under Private Information
    American Economic Review, 1994, 84, (1), 104-23 View citations (100)
    See also Working Paper (1991)

1993

73. A Search-Theoretic Approach to Monetary Economics
    American Economic Review, 1993, 83, (1), 63-77 View citations (441)
74. A dynamic equilibrium model of search, production, and exchange
    Journal of Economic Dynamics and Control, 1993, 17, (5-6), 723-758 View citations (29)
75. Indivisibilities, Lotteries, and Sunspot Equilibria
    Economic Theory, 1993, 3, (1), 1-17 View citations (44)
    See also Working Paper (2010)
76. More on Money as a Medium of Exchange
    Economic Theory, 1993, 3, (2), 297-314 View citations (37)
    See also Working Paper (1991)
77. Putting home economics into macroeconomics
    Quarterly Review, 1993, 17, (Sum), 2-11 View citations (8)
78. 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 (11)

1992

79. Acceptability, means of payment, and media of exchange
    Quarterly Review, 1992, 16, (Sum), 18-21 View citations (1)
80. The Role of Household Production in Models of Involuntary Unemployment and Underemployment
    Canadian Journal of Economics, 1992, 25, (3), 507-20 View citations (12)
81. The labor market in real business cycle theory
    Quarterly Review, 1992, 16, (Spr), 2-12 View citations (65)
82. Why Is Automobile Insurance in Philadelphia So Damn Expensive?
    American Economic Review, 1992, 82, (4), 756-72 View citations (32)
    See also Working Paper (1991)

1991

83. 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)
84. Homework in Macroeconomics: Household Production and Aggregate Fluctuations
    Journal of Political Economy, 1991, 99, (6), 1166-87 View citations (608)
    See also Working Paper (1991)
85. Subsidization and Stabilization: Optimal Employment Policy under Aggregate Uncertainty
    International Economic Review, 1991, 32, (2), 513-28 View citations (2)
86. The Welfare Costs of Moderate Inflations: Comment
    Journal of Money, Credit and Banking, 1991, 23, (3), 513-18 View citations (3)
87. The effects of risk on efficient labor contracts
    Finnish Economic Papers, 1991, 4, (1), 2-9 View citations (2)
88. The labor market implications of unemployment insurance and short-term compensation
    Quarterly Review, 1991, 15, (Sum), 11-19 View citations (1)

1989

89. On Money as a Medium of Exchange
    Journal of Political Economy, 1989, 97, (4), 927-54 View citations (815)
90. Optimal firm size, taxes, and unemployment
    Journal of Public Economics, 1989, 39, (3), 275-287 View citations (39)
91. 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 (91)

1988

92. Involuntary unemployment in economies with efficient risk sharing
    Journal of Monetary Economics, 1988, 22, (3), 501-515 View citations (67)
93. 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

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

1986

97. Job Search and Cyclical Unemployment
    Journal of Political Economy, 1986, 94, (1), 38-55 View citations (23)
98. The redistributive roles of unemployment insurance and the dynamics of voting
    Journal of Public Economics, 1986, 31, (3), 377-399 View citations (84)

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 (39)
   See also Working Paper (2013)

2010

2. New Monetarist Economics: Models
   Chapter 02 in Handbook of Monetary Economics, 2010, vol. 3, pp 25-96 View citations (102)
   See also Working Paper (2010)

2005

3. The Business Cycle and the Life Cycle
   A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 415-592 View citations (52)
   See also Working Paper (2004)

Software Items

Editor

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