Journal Publications

"Peer-to-Peer Lending and Financial Inclusion with Altruistic Investors"
with  Marina Markheim
INTERNATIONAL REVIEW OF FINANCE, December 2021, Vol. 21, No. 4, pp. 1407-18

"Money, Banking and Financial Markets"
with David Andolfatto and Fernando M. Martin
Review of Economic Studies, October 2020, Vol. 87, No. 5, pp. 2049-86
Working Paper

"Exit Strategies for Monetary Policy"
with  Sébastien Kraenzlin and  Benjamin Müller
Journal of Monetary Economics, November 2018, pp. 20-40

"Liquidity Premiums on Government Debt and the Fiscal Theory of the Price Level"
with Christopher J. Waller
Journal of Economic Dynamics & Control, April 2018, Vol. 89, pp. 173-182
Working Paper
https://doi.org/10.1016/j.jedc.2018.01.038

"Limited Commitment and the Demand for Money"
with  Samuel Huber and  Alessandro Marchesiani
Economic Journal, 2018, Vol. 128, pp. 1128-56

"Limelight on Dark Markets: Theory and Experimental Study of Liquidity and Information"
with  Michael McBride and  Guillaume Rocheteau
Journal of Economic Dynamics & Control, February 2017, Vol. 75, pp. 70-90

"The Societal Benefits of a Financial Transaction Tax"
with  Samuel Huber and  Alessandro Marchesiani
European Economic Review, October 2016, Vol. 89, pp. 303-23

"Monetary Policy with Asset-Backed Money"
with David Andolfatto and Christopher J. Waller
Journal of Economic Theory, July 2016, Vol. 164, pp. 166-186
Working Paper
https://doi.org/10.1016/j.jet.2015.08.006

"Optimal Stabilization Policy With Search Externalities"
with Christopher J. Waller
Macroeconomic Dynamics, April 2015, Vol. 19, No. 3, pp. 669-700
Working Paper
https://doi.org/10.1017/s1365100513000564

"Optimal Stabilization Policy with Search Externalities"
with Christopher J. Waller
Macroeconomic Dynamics, April 2015, Vol. 19, No. 3, pp. 669-700

"Degreasing the Wheels of Finance"
with  Samuel Huber and  Allesandro Marchesiani
International Economic Review, August 2014, Vol. 55, No. 3, pp. 735-763

"Floor Systems for Implementing Monetary Policy: Some Unpleasant Fiscal Arithmetic"
with  Alessandro Marchesiani and Christopher J. Waller
Review of Economic Dynamics, July 2014, Vol. 17, No. 3, pp. 523-542
Working Paper
https://doi.org/10.1016/j.red.2013.09.001

"Optimal Disclosure Policy and Undue Diligence"
with David Andolfatto and Christopher J. Waller
Journal of Economic Theory, January 2014, Vol. 149, pp. 128-152
Working Paper
https://doi.org/10.1016/j.jet.2013.02.003

"Liquidity, Innovation and Growth"
with  Mariana Rojas Breu and  Shouyong Shi
Journal of Monetary Economics, December 2012, Vol. 59, No. 8, pp. 721-737

"Price-level Targeting and Stabilization Policy"
with Christopher J. Waller
Journal of Money, Credit, and Banking, October 2011, Vol. 43, Supplement 2, pp. 559-580
Working Paper
https://doi.org/10.1111/j.1538-4616.2011.00452.x

"Outside Bonds versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Economies"
with Christopher J. Waller
Journal of Economic Theory, September 2011, Vol. 146, No. 5, pp. 1852-1887
Working Paper
https://doi.org/10.1016/j.jet.2011.06.016

"Inflation and Unemployment in the Long Run"
with  Guido Menzio and  Randall Wright
American Economic Review, February 2011, Vol. 101, No. 1, pp. 371-398

"Central Bank Design with Heterogeneous Agents"
with  Carlos Strub
European Economic Review, 2009, Vol. 53, No. 2, pp. 139-152

"Monetary Policy in a Channel System"
with  Cyril Monnet
Journal of Monetary Economics, September 2008, Vol. 55, No. 6, pp. 1067-1080

"Learning, Public Good Provision and the Information Trap"
with  Esther Bruegger and  Simon Loertscher
Journal of Public Economics, 2008, Vol. 92, pp. 998-1010

"Policy in a Channel System"
with  Cyril Monnet
Journal of Monetary Economics, 2008, Vol. 55, No. 6, pp. 1067-1080

"On Cheating, Doping and Whistleblowing"
with  Esther Bruegger and  Simon Loertscher
European Journal of Political Economy, 2008, Vol. 24, No. 2, pp. 415-436

"Money, Credit and Banking"
with  Gabriele Camera and Christopher J. Waller
Journal of Economic Theory, July 2007, Vol. 135, No. 1, pp. 171-195
https://doi.org/10.1016/j.jet.2006.03.016

"Friedman Meets Hosios: Efficiency in Search Models of Money"
with  Guillaume Rocheteau and  Shouyong Shi
Economic Journal, 2007, Vol. 117, No. 516, pp. 174-195

"The Distribution of Money Balances and the Non-neutrality of Money"
with  Gabriele Camera and Christopher J. Waller
International Economic Review, May 2005, Vol. 46, No. 2, pp. 465-487
https://doi.org/10.1111/j.1468-2354.2005.00329.x

"The Distribution of Money and Prices in an Equilibrium with Lotteries"
with  Gabriele Camera and Christopher J. Waller
Economic Theory, November 2004, Vol. 24, No. 4, pp. 887-906
https://doi.org/10.1007/s00199-004-0485-5