Summer Workshop on Money, Banking, and Payments
Held August 8-18, 2006
Papers Presented
Financial Market Frictions and Price Stability
Gabriele Camera and Francesco Ruscitti
Money, Credit, and Collateral
Leo Ferraris and Makoto Watanabe
Equilibrium Concepts in the Large-Household Model
Tao Zhu
Optimal Propogation of Real Shocks in a Cash-in-Advance Model
Ricardo Cavalcanti
Dynamic Taxation, Private Information, and Money
Chris Waller
Search, Market Power, and Inflation Dynamics
Allen Head and Bev Lapham
Optimal Fiscal and Monetary Policy when Money Is Essential
Boragan Aruoba and Sanjay Chugh
On the Welfare Costs of Inflation
Ben Craig and Guillaume Rocheteau
Counterfeit Money
Elena Quercioli and Lones Smith
Inflation and Unemployment
Aleks Berentsen, Guido Menzio, and Randy Wright
Payment Networks in a Search Model of Money
Antoine Martin, Michael Orlando, and David Skeie
U.S. Money Demand: Theory and Evidence
Marcus Hagedorn
Hetrogeneity and the Suboptimality of the Friedman Rule
Paola Boel and Gabreile Camera
Money and the Variety of Goods
Ken Burdett and Andrei Shevchenko
The Rise of Money: An Evolutionary Analysis of the Origins of Money
Kevin Hasker
Anonymous Markets and Monetary Trading
C. D. Aliprantis, Gabriele Camera and Daniela Puzzello
Endogenously Segments Markets in a Search-Theoretic Model of Monetary Exchange
Jonathan Chiu and Miquel Molico
Monetary Policy and Asset Prices
Thanasis Geromichalos, Juan Licari and Jose Suarez-Lledo
Liquidity
Ben Lester, Andy Postlewaite and Randy Wright
Money in Production and Frictions in the Labor Market
Alok Kumar
Welfare Improvement from Restricting the Liquidity of Nominal Bonds
Shoyoung Shi
Banks, Open Market Operations and the Friedman Rule
Steve Williamson
How People Pay: Evidence from Grocery Store Data
Elizabeth Klee
Liquidity and Spending Dynamics
Veronica Guerrieri and Guido Lorenzoni
Monetary Exchange with Multilateral Matching
Benoit Julien, John Kennes and Ian King
Dispersion of Money Holdings and Inflation
Manolis Galenianos and Philipp Kircher
Banking, Inside Money and Outside Money
Hongfei Sun
Learning by Matching
Manuel Amador and Pierre-Olivier Weill
Competition in the Supply of Fiat Money
Luis Araujo and Braz Camargo
The Welfare Costs of Expected and Unexpected Inflation
Miquel Faig and Zhe Li