Over the business cycle, labor's share of output is negatively but weakly correlated with output, and it lags output by about four quarters. Profits' share is strongly pr[...]

In many industrialized countries, cash usage at points of sale has been decreasing owing to competition from alternative means of payment such as credit cards. At the sam[...]

Code and data to replicate the results of the article.

Matlab code and data for peer-reviewed article published in Review of Economic Dynamics. Paper published onli[...]

Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are contrary to the obse[...]

Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are inconsistent with th[...]

We study the cyclical dynamics of the value of a vacant position in labor markets characterized by search and matching frictions. We present a model of aggregate fluctuat[...]

This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Worker[...]

This paper examines the role of money when private information about the quality of the goods is present. In the private information environment, barter exchange for high[...]

We examine the quantitative effect of search frictions in product markets on asset price volatility. We combine several features from Shi (1997) and Lagos and Wright (200[...]

Supplementary Data for peer-reviewed article published in European Economic Review. Paper published online August 1, 2013. When citing this dataset, please also cite the [...]