Search-Based Models of Money

The papers are sorted in reverse chronological order according to the dates of the latest draft for unpublished papers (shown in square brackets) or the date of publication for the published papers. Click on the titles of papers to access various versions of the paper and other material such as codes, data and slides, where available.

Current research is supported by National Science Foundation grants SES 1061725 and SES 1425740.

Homework in Monetary Economics: Inflation, Home Production and Production of Homes (with Morris A. Davis and Randall Wright), Review of Economic Dynamics, July 2016, 21, 105-124.

Money, Search and Business CyclesInternational Economic Review, August 2011, 52(3), 935-959.

Money and Capital (with Christopher J. Waller and Randall D. Wright), Journal of Monetary Economics, March 2011, 58, 98-116.

Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-offs, (with Frank Schorfheide), American Economic Journal: Macroeconomics, January 2011, 3, 60-90.

Optimal Fiscal and Monetary Policy when Money is Essential (with Sanjay K. Chugh), Journal of Economic Theory, September 2010, 145(5), 1618-1647.

An Estimated Search-Based Monetary DSGE Model with Liquid Capital (with Frank Schorfheide) [January 2010]

Informal Sector, Government Policy and Institutions [April 2010]  

Bargaining and the Value of Money (with Guillaume Rocheteau and Christopher J. Waller), Journal of Monetary Economics, November 2007, 54, 2636-2655.

Search, Money and Capital: A Neoclassical Dichotomy (with Randall D. Wright), Journal of Money Credit and Banking, December 2003, 35(6), 1085-1105.