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About the Author(s)

Guido Menzio Profile

Guido Menzio is a re­search associate in the NBER’s Economic Fluctuations and Growth Program and a professor of economics at New York University (NYU).

Before joining NYU, Menzio was a professor in the Department of Economics at the University of Pennsylvania. He was a National Fellow at the Hoover Institution at Stanford University in 2008, a visiting professor at Princeton University in 2013, and a consultant at the Federal Reserve Bank of Minneapolis in 2016. He was awarded the biannual Carlo Alberto Medal for the best Italian economist under the age of 40 in 2015, and was elected a Fellow of the Econometric Society in 2022.

Menzio is a theoretical macroeconomist. His research focuses on the conceptual — and occasionally the empirical —analysis of markets where finding trading partners is time consuming. He received a BA in economics at the University of Torino in 1999 and a PhD from Northwestern University in 2005. He currently lives in New York with his wife, Tal Correm, and two daughters, Agata and Aliza.


1. Information in the Labor Market,” Stigler G. Journal of Political Economy 70(5) part 2, October 1962, pp. 94–105. Go to ⤴︎
2. "Declining Search Frictions, Unemployment, and Growth,” Martellini P, Menzio G. NBER Working Paper 24518, April 2018, and Journal of Political Economy 128(12), December 2020, pp. 4387–4437. Go to ⤴︎
3.  “Jacks of All Trades and Masters of One: Declining Search Frictions and Unequal Growth,” Martellini P, Menzio G. NBER Working Paper 27758, August 2020, and American Economic Review: Insights 3(3), September 2021, pp. 339–352. Go to ⤴︎
4. Optimal Product Design: Implications for Competition and Growth under Declining Search Frictions,” Menzio G. NBER Working Paper 28638, April 2021, and Econometrica 91(2), March 2023, pp. 605–639. Go to ⤴︎
5.  “Equilibrium Distributions of Sales and Advertising Prices,” Butters G. Review of Economic Studies 44(3), October 1977, pp. 465–491. Go to ⤴︎
6. A Model of Sales,” Varian H. American Economic Review 70(4), September 1980, pp. 651–659. Go to ⤴︎
7. Equilibrium Price Dispersion,” Burdett K, Judd KL. Econometrica 51(4), July 1983, pp. 955–969. Go to ⤴︎
8. Vertical Differentiation in Frictional Product Markets,” Albrecht J, Menzio G, Vroman S. NBER Working Paper 29618, January 2022, and forthcoming in the Journal of Political Economy: Macroeconomics. Go to ⤴︎

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