NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Fernando E. Alvarez

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

Working Papers

May 2014Small and Large Price Changes and the Propagation of Monetary Shocks
with Hervé Le Bihan, Francesco Lippi: w20155
November 2013Idea Flows, Economic Growth, and Trade
with Francisco J. Buera, Robert E. Lucas, Jr.: w19667
June 2012The Demand of Liquid Assets with Uncertain Lumpy Expenditures
with Francesco Lippi: w18152

Published: Alvarez, Fernando & Lippi, Francesco, 2013. "The demand of liquid assets with uncertain lumpy expenditures," Journal of Monetary Economics, Elsevier, vol. 60(7), pages 753-770. citation courtesy of

March 2012Price Setting with menu cost for Multi-product firms
with Francesco Lippi: w17923

Price setting with menu cost for multi-product firms, with Francesco Lippi, 2013. forthcoming, Econometrica. citation courtesy of

November 2011Persistent Liquidity Effects and Long Run Money Demand
with Francesco Lippi: w17566

Published: Fernando Alvarez & Francesco Lippi, 2014. "Persistent Liquidity Effects and Long-Run Money Demand," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(2), pages 71-107, April. citation courtesy of

March 2010Optimal price setting with observation and menu costs
with Francesco Lippi, Luigi Paciello: w15852

Published: Fernando E. Alvarez & Francesco Lippi & Luigi Paciello, 2011. "Optimal Price Setting With Observation and Menu Costs," The Quarterly Journal of Economics, Oxford University Press, vol. 126(4), pages 1909-1960. citation courtesy of

Durable consumption and asset management with transaction and observation costs
with Luigi Guiso, Francesco Lippi: w15835

Published: Fernando Alvarez & Luigi Guiso & Francesco Lippi, 2012. "Durable Consumption and Asset Management with Transaction and Observation Costs," American Economic Review, American Economic Association, vol. 102(5), pages 2272-2300, August. citation courtesy of

June 2008Models of Idea Flows
with Francisco J. Buera, Robert E. Lucas, Jr.: w14135
February 2008Search and Rest Unemployment
with Robert Shimer: w13772

Published: Fernando Alvarez & Robert Shimer, 2011. "Search and Rest Unemployment," Econometrica, Econometric Society, vol. 79(1), pages 75-122, 01. citation courtesy of

September 2007Financial Innovation and the Transactions Demand for Cash
with Francesco Lippi: w13416

Published: Fernando Alvarez & Francesco Lippi, 2009. "Financial Innovation and the Transactions Demand for Cash," Econometrica, Econometric Society, vol. 77(2), pages 363-402, 03. citation courtesy of

December 2006Fixed-Term Employment Contracts in an Equilibrium Search Model
with Marcelo Veracierto: w12791

Published: Alvarez, Fernando & Veracierto, Marcelo, 2012. "Fixed-term employment contracts in an equilibrium search model," Journal of Economic Theory, Elsevier, vol. 147(5), pages 1725-1753. citation courtesy of

November 2005General Equilibrium Analysis of the Eaton-Kortum Model of International Trade
with Robert E. Lucas: w11764

Published: Alvarez, Fernando & Lucas, Robert Jr., 2007. "General equilibrium analysis of the Eaton-Kortum model of international trade," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1726-1768, September. citation courtesy of

October 2003On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand
with Andrew Atkeson, Chris Edmond: w10016
July 2001The Size of the Permanent Component of Asset Pricing Kernels
with Urban J. Jermann: w8360
October 2000Using Asset Prices to Measure the Cost of Business Cycles
with Urban J. Jermann: w7978

Published: Alvarez, Fernando and Urban J. Jermann. "Using Asset Prices To Measure The Persistence Of The Marginal Utility Of Wealth," Econometrica, 2005, v73(6,Nov), 1977-2016. Also Fernando Alvarez & Urban J. Jermann. "Using Asset Prices to Measure the Cost of Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1223-1256, December 2004. citation courtesy of

September 2000Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
with Andrew Atkeson, Patrick J. Kehoe: w7871

Published: Alvarez, Fernanco, Andre Atkeson and Patrick J. Kehoe. "Money, Interest Rates, And Exchange Rates With Endogenously Segmented Markets," Journal of Political Economy, 2002, v110(1,Mar), 73-112.

March 1999Money and Interest Rates with Endogeneously Segmented Markets
with Andrew Atkeson, Patrick J. Kehoe: w7060

Published: Alvarez, Fernanco, Andre Atkeson and Patrick J. Kehoe. "Money, Interest Rates, And Exchange Rates With Endogenously Segmented Markets," Journal of Political Economy, 2002, v110(1,Mar), 73-112.

February 1999Quantitative Asset Pricing Implications of Endogenous Solvency Constraints
with Urban J. Jermann: w6953

Published: Alvarez, F. and U. J. Jermann. "Quantitative Asset Pricing Implications Of Endogenous Solvency Constructs," Review of Financial Studies, 2001, v14(4,Oct), 1117-1151. citation courtesy of

March 1998Asset Pricing when Risk Sharing is Limited by Default
with Urban J. Jermann: w6476

Published: Alvarez, Fernando and Urban J. Jermann. "Efficiency, Equilibrium, And Asset Pricing With Risk Of Default," Econometrica, 2000, v68(4,Jul), 775-797.

July 1996Money and Exchange Rates in the Grossman-Weiss-Rotemberg Model
with Andrew Atkeson: w5678

Published: Journal of Monetary Economics, Vol. 40, no. 3 (1997): 619-640. citation courtesy of

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