Published Papers

Existence of a Monetary Steady State in a Matching Model: Indivisible Money, Journal of Economic Theory 112 (2003), 307-324 [working paper version]

A Commodity-Money Refinement in Matching Models (with N. Wallace), Journal of Economic Theory 117 (2004), 246-258 [working paper version]

Existence of a Monetary Steady State in a Matching Model: Divisible Money, Journal of Economic Theory 123 (2005), 135-160 [working paper version]

Modeling Denomination Structures (with M. Lee and N. Wallace), Econometrica 73 (2005), 949-960 [working paper version]

Pairwise Trade and Coexistence of Money and Higher-Return Assets (with N. Wallace), Journal of Economic Theory 133 (2007), 524-535 [working paper version]

Float on a Note (with N. Wallace), Journal of Monetary Economics 54 (2007), 229-246 [working paper version]

Equilibrium Concepts in the Large Household Model, Theoretical Economics 3 (2008), 258-281

An Overlapping-Generations Model with Search, Journal of Economic Theory 142 (2008), 318-331 [working paper version]

Nonneutrality of Money in Dispersion: Hume Revisited (with Gu Jin) International Economic Review (2019), 60, 1329-1353 [working paper version]

Heterogeneity, Decentralized Trade, and the Long-run Real Effects of Inflation (with G. Jin), Journal of Economic Theory (2022), 201 [working paper version]

 

 

Working Papers

Pairwise Monitoring, Information Revelation, and Message Trading (with E. Maenner)

Debasements and Small Coins: An Untold Story of Commodity Money (with G. Jin)

 

On Nonneutrality of the Exchange Rate Regime

 

Neutrality by Aggregation (with K. K. Li)

 

Welfare Theorems in a Market Game (With M. Liao)

 

Online Material

Nonneutrality