Fernando Alvarez

 

 

Published Papers

 

 

 

"Fixed-Term Employment Contracts in an Equilibrium Search,” with Marcelo Veracierto. 2012, forthcoming in Journal of Economic Theory.

 

"Durable Consumption and Asset Management with Transaction and Observation Costs," with Luigi Guiso and Francesco Lippi. 2011, forthcoming in American Economic Review.

 

"Optimal Price Setting with Observation and Menu Costs," with Francesco Lippi and Luigi Guiso. 2011, forthcoming in Quarterly Journal of Economics [Link]

 

"Search and Rest Unemployment," with Robert Shimer. 2011, Econometrica, Vol. 79, pp. 75-122 [Link]

 

"Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium," with Andrew Atkeson and Patrick Kehoe.  Review of Economic Studies, July 2009, Vol 76, pp. 851-878 [Link]

 

"Financial Innovation and the Transactions Demand for Cash," with Francesco Lippi.  Econometrica, February 2009, Vol. 77, pp. 363-402 [Link]

 

"On the Sluggish Response of Prices to Money in an Inventory Theoretic Model of Money Demand," with Andrew Atkeson and Chris Edmond. The Quarterly Journal of Economics, August 2009, Vol. 124, pp. 911-967 [Link]

 

"General Equilibrium Analysis of the Eaton-Kortum Model of International Trade," with Robert E. Lucas, Jr. Journal of Monetary Economics, September 2007, Vol. 54, No. 6, pp. 1726-1768  [Link on ScienceDirect]  [Matlab Codes and Data]

 

"If Exchange Rates are Random Walks Then Almost Everything We Say About Monetary Policy Is Wrong," with Andrew Atkeson and Patrick Kehoe. American Economic Review, May 2007, Vol. 97, No. 2, pp. 339-345  [Link on JSTOR]

 

"Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth," with Urban Jermann. Econometrica, 2005, Vol. 73, No. 6, pp. 1977-2016 [Link on JSTOR]

 

"Using Asset Prices to Measure the Cost of Business Cycles," with Urban Jermann. Journal of Political Economy, 2004, Vol. 112, pp. 1223-1256 [Link on JSTOR]

 

"The Time Consistency of Monetary and Fiscal Policies," with A. Neumeyer and Patrick Kehoe. Econometrica, March 2004, Vol. 71, No. 2, pp. 541-567 [Link on JSTOR]

 

"Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets," with Andrew Atkeson and Patrick Kehoe. Journal of Political Economy, February 2002, Vol. 1, No. 110, pp. 73-112 [Link on JSTOR]

 

"Severance Payments in an Economy with Frictions," with Marcelo Veracierto. Journal of Monetary Economics, June 2001, Vol. 47, No. 3, pp. 477-498 [Link on ScienceDirect]

 

"Interest Rate and Inflation," with Robert E. Lucas, Jr. and Warren Weber. American Economic Review Papers and Proceedings, May 2001, Vol. 91, No. 2, pp. 219-225 [Link]

 

"Comment on Enrique Mendoza's 'On The Benefit of Dollarization when Stabilization Policy is Not Credible and Financial Markets Imperfect'," Journal of Money, Credit and Banking, May 2001, Vol. 33, No. 2, pp. 475-481 [Link on JSTOR]

 

"Efficiency, Equilibrium, and Asset Pricing with Risk of Default," with Urban Jermann. Econometrica, July 2000, Vol. 68, No. 4, pp. 775-797 [Link on Wiley Online Library]

 

"Social Mobility: The Barro-Becker Children Meet The Laitner-Loury Dynasties," Review of Economic Dynamics, January 1999, Vol. 2, No. 1, pp. 65-103 [Link on ScienceDirect]

 

"Labor Market Policies in an Equilibrium Search Model," with Marcelo Veracierto. 1999 NBER Macroeconomics Annual, Ben Bernanke and Julio Rotemberg, editors. [Link on JSTOR]

 

"Dynamic Programming with Homogeneous Functions," with Nancy Stokey. Journal of Economic Theory, September 1998, No. 82, pp. 167-189 [Link on ScienceDirect]

 

"Money and Exchange Rates in the Grossman-Weiss and Rotemberg Model," with Andrew Atkeson. Journal of Monetary Economics, Vol. 40, No. 3, December 1997, pp. 619-640 [Link on ScienceDirect]

 

"Banking in Computable General Equilibrium Economies," with Díaz-Giménez, Edward C. Prescott and Terry Fitzgerald. Journal of Economic Dynamics and Control, 1992, Vol. 16, No. 3 & 4, pp. 533-560 [Link on ScienceDirect]

 

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