Papers

Part II

Financial markets with limited or no enforcement. Collateral vs market exclusion. Equilibria and optima

Kiyotaki, N. and J. Moore (1997), "Credit cycles", Journal of Political Economy, 105, 211-248.

Kiyotaki, N. (1998), "Credit and business cycles", Japanese Economic Review, 49, 18-35.

Kehoe, T. and D. Levine (1993), "Debt-constrained and markets", Review of Economic Studies, 60, 868-888.

Kocherlakota, N. (1996), "Implications of efficient risk sharing without commitment", Review of Economic Studies, 63, 595-609.

Alvarez, F. and U. Jermann (2000), "Efficiency, equilibrium, and asset pricing with risk of default", Econometrica, 68, 775-797.

Antinolfi, G., C. Azariadis, and J. Bullard (2007), "Monetary policy as equilibrium selection", Federal Bank of St. Louis Review, 89, 331-341.

Dynamic complementarities and indeterminacy. Market participation, asset returns, and the distribution of wealth. Capital mobility, factor productivity and growth

Azariadis, C. and L. Kaas (2007), "Asset price fluctuations without aggregate shocks", Journal of Economic Theory, 136, 126-143.

Azariadis, C. and L. Kaas (2007), "Is dynamic general equilibrium a theory of everything?", Economic Theory, 32, 12-41.

Hsieh, C. and P. Klenow (2007), "Misallocation and manufacturing TFP in China and India", working paper, July.

Restuccia, D. and R. Rogerson (2007), "Policy distortions and aggregate productivity with heterogeneous plants", working paper, March.