Holmstrom, B. and J. Tirole, 1998, Private and Public Supply of Liquidity,''



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Liquidity asset pricing

Holmstrom, B. and J. Tirole, 1998, “Private and Public Supply of Liquidity,'' Journal of Political Economy, 1006-1, 1-40 http://www.journals.uchicago.edu/doi/pdf/10.1086/250001

Holmstrom, B. and J. Tirole (2008), “Inside and Outside Liquidity”, mimeo http://idei.fr/doc/by/tirole/wicksell_lectures.pdf

Holmstrom, B., and J. Tirole. "Financial Intermediation, Loanable Funds, and the Real Sector." Quarterly Journal of Economics 112, no. 3 (1997): 663-691 http://www.mitpressjournals.org/doi/pdf/10.1162/003355397555316

Allen F. and D. Gale (2004) “Financial fragility, liquidity and asset prices” Journal of the European Economic Association, 2 No. 6, pp. 1015‐1048

Allen-Gale (1994), “Limited Market Participation and Volatility of Asset Prices”, http://www.jstor.org/stable/2118039


Liquidity dry-ups

Brunnermeier, M. and Pedersen, L. (2009): “Market Liquidity and Funding Liquidity”, The Review of Financial Studies, 2009, 22(6), 2201-2238 http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.79.3307&rep=rep1&type=pdf

Morris, S. and Shin, H. (2004): “Liquidity Black Holes”, Review of Finance 8, 1-18 http://ideas.repec.org/a/kap/eurfin/v8y2004i1p1-18.html

Antoine Malherbe (2010), « Self-fulfilling liquidity dry-ups », http://ideas.repec.org/p/nbb/reswpp/201003-01.html

Gary B. Gorton (2009), “Information, Liquidity, and the (Ongoing) Panic of 2007”, NBER Working Paper 14649 http://www.nber.org/papers/w14649

Acharya, Gale & Yorulmazer (2009), “Rollover Risk and Market Freezes”, http://www.nber.org/papers/w15674

Bolton-Santos-Scheinkman (2010), “Outside and Inside Liquidity”, http://www.princeton.edu/~joses/wp/Outside.pdf
Contagion and systemic risk

Franklin Allen & Douglas Gale (2001), "Financial Contagion," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 1-33, February http://ideas.repec.org/a/ucp/jpolec/v108y2001i1p1-33.html

Freixas, Xavier & Parigi, Bruno M & Rochet, Jean-Charles (2000), "Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 611-38, August http://147.162.174.79/personale/curri/parigi/systemic-risk.pdf

Franklin Allen & Ana Babus & Elena Carletti (2010), "Financial Connections and Systemic Risk," NBER Working Papers 16177, National Bureau of Economic Research, Inc http://ideas.repec.org/p/nbr/nberwo/16177.html

Adam Zawadowski (2009), “Entangled Financial Systems” http://people.bu.edu/zawa/papers/entangled.pdf
Real business cycles with financial frictions

Brunnermeier and Sannikov (2010), “A Macroeconomic Model with a Financial Sector”, http://www.princeton.edu/~markus/research/papers/macro_finance.pdf

Jermann and Quadrini (2009) “Macroeconomic Effects of Financial Shocks”, http://finance.wharton.upenn.edu/~jermann/creditshocks-aug10u.pdf

Pablo Curlat (2009) “Lemons, Market Shutdowns, and Learning”, http://econ-www.mit.edu/files/4822

Cooley, Marimon & Quadrini (2004), “Aggregate Consequences of Limited Contract Inforceability” Journal of Political Economics 2004, http://www.stanford.edu/~piazzesi/Reading/Cooley%20Marimon%20Quadrini%202004.pdf

Cordoba & Ripoll (2003), “Credit Cycle Redux” Journal of International Economics 2003, http://www.stanford.edu/~piazzesi/Reading/Cordoba%20Ripoll%202003.pdf

Eisfeldt & Rampini (2006), “Capital Reallocation and Liquidity” Journal of Monetary Economics 2006, http://www.kellogg.northwestern.edu/faculty/eisfeldt/research/crl.pdf

He and Krishnamurthy (2008),“A Model of Capital and Crisis” NBER working paper 2008, http://www.nber.org/papers/w14366.pdf?new_window=1

Guido Lorenzoni (2008), “Inefficient Credit Booms », Review of Economic Studies, 75 (3), July 2008, http://econ-www.mit.edu/files/4138
News, information and business cycles

Nir Jaimovich & Sergio Rebelo (2006), “Can News About the Future Drive the Business Cycle?” NBER Working Papers 12537 , http://ideas.repec.org/p/nbr/nberwo/12537.html

Veldkamp, Laura L., (2005), “Slow boom, sudden crash” Journal of Economic Theory , http://ideas.repec.org/a/eee/jetheo/v124y2005i2p230-257.html

Beaudry, Paul & Portier, Franck, (2004). “An Exploration into Pigou's Theory of Cycles” , http://www.faculty.econ.northwestern.edu/faculty/christiano/workshop/ShortCourse/exploration.pdf

George-Marios Angeletos and with Jennifer La'O, (2009), “Noisy Business Cycles », NBER Macroeconomics 2009, http://econ-www.mit.edu/files/4499

Guido Lorenzoni (2009),“A Theory of Demand Shocks », American Economic Review, Dec. 2009, http://econ-www.mit.edu/faculty/glorenzo/publications


Endogenous fluctuations

Aghion-Banerjee-Piketty (1999), “Dualism and Macroeconomic Volatility”, http://eprints.ucl.ac.uk/17683/1/17683.pdf

Suarez, Javier & Sussman, Oren, (1997), “Endogenous Cycles in a Stiglitz-Weiss Economy”, Journal of Economic Theory , http://www.sciencedirect.com/science/article/B6WJ3-45S9359-N/2/ce0c8b86756d51b1a5c1f51c94538ebc
Bubbles

Tirole, J. (1985), “Asset Bubbles and Overlapping Generations”, Econometrica 53 (6), 1499-1528, http://ideas.repec.org/a/ecm/emetrp/v53y1985i6p1499-1528.html

Caballero, R. and A. Krishnamurthy, (2006), “Bubbles and Capital Flow Volatility: Causes and Risk Management”, Journal of Monetary Economics 53(1), 33-53, http://ideas.repec.org/a/eee/moneco/v53y2006i1p35-53.html

Alberto Martin & Jaume Ventura, (2010), "Theoretical Notes on Bubbles and the Current Crisis," http://ideas.repec.org/p/upf/upfgen/1222.html

Kraay, A., and J. Ventura, (2007), “The Dot-Com Bubble, the Bush Deficits, and the US Current Account, in G7 Current Account Imbalances: Sustainability and Adjustment”, http://ideas.repec.org/p/nbr/nberwo/11543.html

Farhi, E. and J. Tirole, (2009), “Bubbly Liquidity”, working paper, Harvard, http://ideas.repec.org/p/tse/wpaper/21965.html


Monetary policy

Freixas-Jorge (2008), “The Role of Interbank Markets in Monetary Policy: A Model With Rationing”, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=568704

Kiyotaki-Moore (2008), “Liquidity, Business Cycles and Monetary Policy”, http://www.princeton.edu/~kiyotaki/papers/ChiKM6-1.pdf

Gertler-Karadi (2009), “A Model of Unconventional Monetary Policy” http://www.econ.nyu.edu/user/gertlerm/gertlerkaradiapril2010conference.pdf

Gertler and Kyotaki (2010), “Financial Intermediation and Credit Policy in Business Cycle Analysis”, http://www.econ.nyu.edu/user/gertlerm/gertlerkiyotaki102409paper.pdf

Cúrdia,V. and M. Woodford (2009), “Conventional and Unconventional Monetary Policy”

Cúrdia,V. and M. Woodford (2010), “The Central-Bank Balance Sheet as an Instrument of Monetary Policy”, working paper, Columbia University

Bebchuk and Goldstein (2009), “Self-Fulfilling Credit Market Freezes”, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1315462

Fiorella de Fiore and Oreste Tristani (2009), “Optimal Monetary Policy in a Model of the Credit Channel”, http://www.frbsf.org/economics/conferences/0903/defiore_tristani.pdf

Lawrence Christiano, Martin Eichenbaum, and Sergio Rebelo (2009), "When is the Government Spending Multiplier Large?" http://faculty.wcas.northwestern.edu/~yona/research/Multiplier-version12.pdf

Jean Boivin & Michael T. Kiley & Frederic S. Mishkin, (2010), “How Has the Monetary Transmission Mechanism Evolved Over Time?,” NBER Working Papers 15879, http://www.nber.org/papers/w15879
International

Caballero, Ricardo J., Emmanuel Farhi, and Pierre-Olivier Gourinchas. (2008), “Financial Crash, Commodity Prices, and Global Imbalances.” Brookings Papers on Economic Activity, Fall, pp 1–55.



http://muse.jhu.edu/journals/brookings_papers_on_economic_activity/toc/eca.2008.2.html

Caballero, Ricardo J., and Arvind Krishnamurthy. (2009), “Global Imbalances and Financial Fragility,” American Economic Review, May. http://econ-www.mit.edu/files/3662

Maya Eden (2010), “Financial Distortions and the Distribution of Global Volatility », http://econ-www.mit.edu/files/5269

Olivier Jeanne & Anton Korinek (2010), “Managing Credit Booms and Busts: A Pigouvian Taxation Approach,” NBER Working Papers 16377, http://ideas.repec.org/p/nbr/nberwo/16377.html

Olivier Jeanne (2009), “The Global Liquidity Trap", http://www.econ.jhu.edu/People/Jeanne/globliqtrap1009.pdf

Devereux, M.B. and J. Yetman (2010), “Financial Deleveraging and the International Transmission of Shocks”, NBER Working Paper No. 16226, http://ideas.repec.org/h/bis/bisbpc/52-14.html

Dedola, Luca and Giovanni Lombardo (2010), “Financial Frictions, Financial Integration and the International Propagation of Shocks,” mimeo

Mendoza, Enrique and Vincenzo Quadrini (2010), "Financial Globalization, Financial Crises and Contagion," Journal of Monetary Economics, forthcoming, http://ideas.repec.org/p/nbr/nberwo/15432.html



Pavlova, Anna and Roberto Rigobon (2008), "The Role of Portfolio Constraints in the International Propagation of Shocks," Review of Economic Studies 75, 1215-1256, http://ideas.repec.org/a/bla/restud/v75y2008i4p1215-1256.html

Kyle, Albert S. and Wei Xiong (2001), “Contagion as a Wealth Effect”, The Journal of Finance, 56(4), 1401-1440, http://ideas.repec.org/a/bla/jfinan/v56y2001i4p1401-1440.html


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