2015 - Volume 47, Issue S2

Financial Frictions: An Introduction

CYRIL MONNET


More on Middlemen: Equilibrium Entry and Efficiency in Intermediated Markets

ED NOSAL,  YUET-YEE WONG,  RANDALL WRIGHT


Monetary Policy and Asset Prices: A Mechanism Design Approach

TAI-WEI HU,  GUILLAUME ROCHETEAU


Competing for Order Flow in OTC Markets

BENJAMIN LESTER,  GUILLAUME ROCHETEAU,  PIERRE-OLIVIER WEILL


The Over-the-Counter Theory of the Fed Funds Market: A Primer

GARA AFONSO,  RICARDO LAGOS


Financial Frictions, Investment Delay, and Asset Market Interventions

SHOUYONG SHI,  CHRISTINE TEWFIK


Keynesian Inefficiency and Optimal Policy: A New Monetarist Approach

STEPHEN D. WILLIAMSON


Financial Innovations, Money Demand, and the Welfare Cost of Inflation

ALEKSANDER BERENTSEN,  SAMUEL HUBER,  ALESSANDRO MARCHESIANI