Details about Randall Wright
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
- Endogenous Liquidity and Capital Reallocation
Staff Working Papers, Bank of Canada
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
2019
- Intermediation in Markets for Goods and Markets for Assets
FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
- Playing with Money
Working Paper, Federal Reserve Bank of Richmond
2017
- Directed Search: A Guided Tour
NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
2016
- Are Prices Sticky and Does It Matter?
Economic Policy Paper, Federal Reserve Bank of Minneapolis
- Innovation and Growth with Frictions
Economic Policy Paper, Federal Reserve Bank of Minneapolis
2015
- Macroeconomic Policy and Household Economics
Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)
2014
- More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets
Working Paper Series, Federal Reserve Bank of Chicago View citations (2)
- Search-Based Models of Money and Finance: An Integrated Approach
Working Papers, Federal Reserve Bank of Minneapolis View citations (13)
2013
- 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)
- 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
- 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
- Buyers, Sellers and Middlemen: Variations on Search-Theoretic Themes
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
- Buyers, sellers and middlemen: variations in search theory
Working Papers, Federal Reserve Bank of Minneapolis View citations (6)
- 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)
- 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
- 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) 
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)
- Liquidity and asset market dynamics
Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
- 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)
- 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)
- 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
NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
See also Journal Article in Econometrica (2010)
- Banking: a mechanism design approach
Working Papers, Federal Reserve Bank of Philadelphia View citations (8)
- 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)
- Money and capital: a quantitative analysis
Working Papers, Federal Reserve Bank of St. Louis View citations (5)
- “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)
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 (7)
Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (20)
- 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)
- 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
- 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, Cornell University, Center for Analytic Economics (2005) View citations (1) Working Papers (Old Series), Federal Reserve Bank of Cleveland (2005) View citations (2)
- 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)
- 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 (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)
- 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)
- Search-Theoretic Models of the Labor Market-A Survey
NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
- The business cycle and the life cycle
Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (33)
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 (40)
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 (54)
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 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 (6)
See also Journal Article in Journal of Economic Theory (2003)
- 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 (6)
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 (2)
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 
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)
- 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 (72)
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 (5)
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 (4)
- 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)
- 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 (22)
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, 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)
- 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)
- 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 (4)
- 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
- 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
- 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
2020
- Frictional Capital Reallocation with Ex Post Heterogeneity
Review of Economic Dynamics, 2020, 37 Supplement 1, S227-S253 View citations (3)
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)
- Introduction to the Special Issue in Honor of Dale Mortensen
Review of Economic Dynamics, 2016, 19, 1-3
- Venture Capital: A Model of Search and Bargaining
Review of Economic Dynamics, 2016, 19, 232-246 View citations (18)
2015
- Housing and Liquidity
Review of Economic Dynamics, 2015, 18, (3), 435-455 View citations (19)
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 (102)
See also Working Paper (2009)
- Information and Liquidity
Journal of Money, Credit and Banking, 2011, 43, 355-377 View citations (56)
- Money and capital
Journal of Monetary Economics, 2011, 58, (2), 98-116 View citations (71)
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 (182)
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 (26)
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 (38)
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
- General equilibrium with nonconvexities and money
Journal of Economic Theory, 2008, 142, (1), 294-317 View citations (29)
- 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 (54)
2007
- AN INTERVIEW WITH PETER DIAMOND
Macroeconomic Dynamics, 2007, 11, (4), 543-565 View citations (3)
- 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 (36)
See also 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 (918)
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 (4)
- MONEY AND BANKING IN SEARCH EQUILIBRIUM
International Economic Review, 2005, 46, (2), 637-670 View citations (147)
- 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)
- 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 (13)
See also Working Paper (2002)
- 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)
- 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 (111)
See also Working Paper (2003)
- Directed Matching and Monetary Exchange
Econometrica, 2003, 71, (3), 731-756 View citations (63)
- 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)
- Search, money, and capital: a neoclassical dichotomy
Proceedings, 2003, 1085-1117 View citations (37)
See also Working Paper (2002)
2002
- Competitive Pricing and Efficiency in Search Equilibrium
International Economic Review, 2002, 43, (1), 1-20 View citations (140)
- Indivisibilities, Lotteries, and Monetary Exchange
Journal of Economic Theory, 2002, 107, (1), 70-94 View citations (63)
- Matching and Money
American Economic Review, 2002, 92, (2), 67-71 View citations (30)
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 (418)
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 (77)
- 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 (43)
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 (4)
- 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 (55)
See also Working Paper
- Government Transaction Policy, Media of Exchange, and Prices
Journal of Economic Theory, 1998, 81, (2), 290-313 View citations (65)
- INTERVIEW WITH DAVID CASS
Macroeconomic Dynamics, 1998, 2, (4), 533-558 View citations (5)
- Two-Sided Search with Nontransferable Utility
Review of Economic Dynamics, 1998, 1, (1), 220-245 View citations (55)
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 (334)
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 (7)
See also Working Paper (1996)
1996
- Coexistence of money and interest-bearing securities
Journal of Monetary Economics, 1996, 37, (3), 397-419 View citations (77)
See also Working Paper (1996)
- 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)
- 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 (152)
See also Working Paper (1994)
- Information, sticky prices and macroeconomic foundations: commentary
Review, 1995, (May), 119-124 
Also in Proceedings, 1995, (May), 119-124 (1995)
- Search, Bargaining, Money, and Prices
Journal of Political Economy, 1995, 103, (1), 118-41 View citations (340)
- Search, evolution, and money
Journal of Economic Dynamics and Control, 1995, 19, (1-2), 181-206 View citations (40)
1994
- A Note on Sunspot Equilibria in Search Models of Fiat Money
Journal of Economic Theory, 1994, 64, (1), 234-241 View citations (10)
- Barter and Monetary Exchange under Private Information
American Economic Review, 1994, 84, (1), 104-23 View citations (100)
See also Working Paper (1991)
1993
- A Search-Theoretic Approach to Monetary Economics
American Economic Review, 1993, 83, (1), 63-77 View citations (441)
- A dynamic equilibrium model of search, production, and exchange
Journal of Economic Dynamics and Control, 1993, 17, (5-6), 723-758 View citations (29)
- Indivisibilities, Lotteries, and Sunspot Equilibria
Economic Theory, 1993, 3, (1), 1-17 View citations (44)
See also Working Paper (2010)
- More on Money as a Medium of Exchange
Economic Theory, 1993, 3, (2), 297-314 View citations (37)
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 (11)
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 (12)
- The labor market in real business cycle theory
Quarterly Review, 1992, 16, (Spr), 2-12 View citations (65)
- 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
- 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 (608)
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 (1)
1989
- On Money as a Medium of Exchange
Journal of Political Economy, 1989, 97, (4), 927-54 View citations (815)
- 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 (91)
1988
- Involuntary unemployment in economies with efficient risk sharing
Journal of Monetary Economics, 1988, 22, (3), 501-515 View citations (67)
- 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 (23)
- 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
- 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
- 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
- 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
- International Economic Review
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
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