 | Professor of Economics, New York University Verified email at nyu.edu Cited by 1454 |
R Lagos… - NYU Working Paper No. S-MF-03-21, 2003 - papers.ssrn.com
Abstract: Search-theoretic models of monetary exchange are based on explicit descriptions
of the frictions that make money essential. However, tractable versions of these models
typically need strong assumptions that make them ill-suited for studying monetary policy. ...
R Lagos - Journal of Political Economy, 2000 - JSTOR
This paper illustrates an alternative approach to modeling search frictions. Frictions are not
assumed to exist, but are shown to arise endogenously as a distinctive feature of the set of
equilibria that correspond to a particular range of parameter values. The model's spatial ...
R Lagos - Review of Economic Studies, 2006 - Wiley Online Library
This paper proposes an aggregative model of total factor productivity (TFP) in the spirit of
Houthakker (1955–1956). It considers a frictional labour market where production units are
subject to idiosyncratic shocks and jobs are created and destroyed as in Mortensen and ...
K Burdett,
R Lagos… - 2002 - papers.ssrn.com
Abstract: There has been much discussion of the relationships between crime, inequality
and unemployment. We construct a model where all three are endogenous. Introducing
crime into otherwise standard models affects the labor market in several interesting ways. ...
R Lagos… - Journal of Economic Theory, 2008 - Elsevier
We construct a model where capital competes with fiat money as a medium of exchange,
and establish conditions on fundamentals under which fiat money can be both valued and
socially beneficial. When the socially efficient stock of capital is too low to provide the ...
R Lagos… - Econometrica, 2009 - Wiley Online Library
We develop a search-theoretic model of financial intermediation in an over-the-counter
market and study how trading frictions affect the distribution of asset holdings and standard
measures of liquidity. A distinctive feature of our theory is that it allows for unrestricted ...
R Lagos… - International Economic Review, 2005 - Wiley Online Library
We study the effects of anticipated inflation on aggregate output and welfare within a search-
theoretic framework. We consider two pricing mechanisms: ex post bargaining and a notion
of competitive pricing. Under bargaining, the equilibrium is generically inefficient and an ...
R Lagos - Journal of Monetary Economics, 2010 - Elsevier
An asset-pricing model is developed, in which financial assets are valued for their liquidity—
the extent to which they are useful in facilitating exchange—as well as for being claims to
streams of consumption goods. The theory is used to study the implications of this liquidity ...
RA Lagos - Development and Change, 1995 - Wiley Online Library
Page 1. Formalizing the Informal Sector: Barriers and Costs Ricardo A. Lagos ABSTRACT
This article uses material from a series of case studies conducted in Latin America to
analyse various aspects of the formalization of the informal sector. ...
K Burdett,
R Lagos… - International Economic Review, 2004 - Wiley Online Library
We extend simple search models of crime, unemployment, and inequality to incorporate
on-the-job search. This is valuable because, although simple models are useful, on-the-job search
models are more interesting theoretically and more relevant empirically. We characterize ...
R Lagos… - Journal of Economic Theory, 2003 - Elsevier
This paper pursues a line of Cass and Shell, who advocate monetary models that are
“genuinely dynamic and fundamentally disaggregative” and incorporate “diversity among
households and variety among commodities”. Recent search-theoretic models fit this ...
N Kiyotaki,
R Lagos… - 2005 - econ.ed.ac.uk
Abstract We develop a model of gross job and worker flows and use it to study how the
wages, permanent incomes, and employment status of individual workers evolve over time.
Our model helps explain various features of labor markets, such as the size and ...
R Lagos… - The American economic review, 2007 - JSTOR
In many markets, trade is facilitated by intermediaries, eg, dealers, market makers, and
specialists. The degree of market power that these intermediaries have is commonly viewed
as a key determinant of the liquidity of the market in which they operate. Recently, several ...
We study the dynamics of liquidity provision by dealers during an asset market crash,
described as a temporary negative shock to investors aggregate asset demand. We
consider a class of dynamic market settings where dealers can trade continuously with ...
We study the efficiency of liquidity provision by dealers and the desirability of policy
intervention in over-the-counter (OTC) markets during crises. We emphasizes two OTC
frictions: finding counterparties takes time, and trade is bilateral and involves bargaining. ...
R Lagos, H Munoz… - Foreign Policy, 1999 - JSTOR
When a Spanish judge decided to indict former dictator Augusto Pinochet, he created
discord in Chile and compelled nations everywhere to reevaluate the delicate tradeoff
between justice and political stability. If the globalization of international law is now a fait ...
[CITATION] Chile at the turning point: lessons of the socialist years, 1970-1973
FG Gil, RL Escobar… - 1979 - Inst for the Study of Human Is
[CITATION] The social actors and structural adjustment
E Tironi… - CEPAl Review, 1991
R Lagos - Journal of Economic Theory, 2010 - Elsevier
I characterize a large family of monetary policies that implement Milton Friedman's
prescription of zero nominal interest rates in a monetary search economy with multiple
assets and aggregate uncertainty. This family of optimal policies is defined by two ...
[CITATION] Labour market flexibility: what does it really mean?
RA Lagos - Cepal Review, 1994 - [Santiago, Chile]: United Nations, …
R Lagos… - World Development, 1984 - Elsevier
Abstract The main purpose of this study is to analyse the changes that have occurred in the
employment structure as a result of monetarist economic policies applied in Chile and
Argentina throughout the last decade. This analysis is made in the context of trends ...
R Lagos - Journal of Money, Credit and Banking, 2011 - Wiley Online Library
I formulate a model in which money coexists with equity shares on a risky aggregate
endowment. Agents can use equity as a means of payment, so shocks to equity prices
translate into aggregate liquidity shocks that disrupt the mechanism of exchange. I ...
[CITATION] R. Wright (2003),“Crime, inequality, and unemployment,”
K Burdett… - American Economic Review
... 06 07 Search in Asset Markets by Ricardo Lagos and Guillaume Rocheteau Page 2. ... Wide Web:
www.clevelandfed.org/research. Page 3. Ricardo Lagos is at the Federal Reserve Bank of
Minneapolis and New York University. He can be reached at ricardo.lagos@nyu.edu. ...
Abstract. In a recent article, Aliprantis, Camera, and Puzzello (2007b)(henceforth ACP), use
a seemingly minor variant of the environment we developed in Lagos and Wright
(2005)(henceforth LW), to conclude that introducing Walrasian trading into monetary ...
[CITATION] Effects of Extreme De-regulation of the Labour Market: Chile, 1974-1990
RA Lagos… - 1995 - Equipo Técnico Multidisciplinario
[CITATION] R. Wright (2004),“An on-the-job search model of crime, inequality, and unemployment,”
K Burdett… - International Economic Review
[CITATION] Inequality, unemployment and crime
R Lagos - International Economic Review, 2003 - Wiley Online Library
In the last few years, the city of New York has increased taxicab fares and relaxed a 59-year-
old cap on the number of licenses. This article uses a dynamic equilibrium model of meeting
frictions to quantify the impact of these policies on medallion prices and on the process ...
... May 2006 Inside and Outside Money Ricardo Lagos Federal Reserve Bank
of Minneapolis and New York University ABSTRACT _____ ...
[CITATION] Barriers to legality and their costs for the informal sector
RA Lagos - Beyond Regulation: The Informal Economy in Latin …, 1992 - Lynne Rienner
[CITATION] On the Coexistence of Fiat Money and Other Assets
R Lagos… - 2005 - mimeo, Federal Reserve Bank of …
[CITATION] Chile en un mundo en cambio
R Lagos - Foreign Affairs en español, 2001
R Lagos - Federal Reserve Bank of Minneapolis Quarterly …, 2010 - minneapolisfed.org
Abstract I present a search-based model in which money coexists with equity shares on a
risky aggregate endowment. Agents can use equity as a means of payment, so shocks to
equity prices translate into aggregate liquidity shocks that disrupt the mechanism of ...
R Lagos… - Manuscript, New York University, 2003 - clevelandfed.org
Abstract This paper studies the long-run effects of anticipated inflation on output and welfare
within a search-theoretic framework. We allow money-holders to choose the intensities with
which they search for trading partners, so the frequency of trades is endogenous. We ...
[CITATION] mAsset prices and liquidity in an exchange economy, n New $ York University Working Paper
R Lagos - 2006
R Lagos - CARESS Working Papres, 1996 - econpapers.repec.org
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.
ssc. upenn. edu/econ/CARESS/CARESSpdf/96-09. pdf [302 Found]--> http://www. econ.
upenn. edu//CARESS/CARESSpdf/96-09. pdf)
[CITATION] An On-the-Job Search Model of Unemployment, Inequality, and Crime
K Burdett, R Lagos… - International Economic Review, 2004
RA Lagos… - 1998 - books.google.com
Page 1. .ERCADOdeTM, ¿af/na Editores Ricardo A. Lagos Camilo Arriagada OFICINA
INTERNACIONAL DEL TRABAJO Page 2. Page 3. Page 4. Page 5. POBREZA y de
TRABAJO en AMéV/ca /af/ha Editores Ricardo A. Lagos ...
[CITATION] Le secteur émergent de la bourgeoisie
R Lagos - Amerique Latine, 1981
RA Lagos - The Journal of Development Studies, 1992 - Taylor & Francis
Page 1. Debt Relief Through Debt Conversion: A Critical Analysis of the Chilean Debt
Conversion Programme RICARDO A. LAGOS The purpose of this study is to look at
the effects of debt conversion transactions in the case of Chile. ...
G Afonso… - Unpublished manuscript, 2011 - nber.org
Abstract We develop a model of the market for federal funds that explicitly accounts for its
two distinctive features: banks have to search for a suitable counterparty, and once they
have met, both parties negotiate the size of the loan and the repayment. The theory is ...
[CITATION] hAsset Prices and Liquidity in an Exchange Economy, iworking paper
R Lagos - 2007 - NYU
JA Birchenall, T Guo, W Hawkins, M Kapicka… - 2010 - econ.ucsb.edu
Abstract This paper studies a general equilibrium island model of mismatch and examines
the stationary properties of the equilibrium. Aggregate demand is uncertain and market
participants cannot instantaneously adjust to changes in demand. Changes in ...
[CITATION] jAsset Prices and Liquidity in an Exchange Economy, kmimeo
R Lagos - Federal Reserve Bank of Minneapolis, 2005
[CITATION] The Agony of Reform: The Battle for the World Economy
W Cran, J Stanislaw, D Yergin, DO Stiers… - 2002 - WGBH Boston Video
[CITATION] Chile at The Turning Point: Lessons ofthe Socialist Years, 1970-1973
F Gil, E Ricardo Lagos… - 1979 - Filadelfia: Institute for the Study of …
[CITATION] A model of TFP. Federal Reserve Bank of Minneapolis
R Lagos - 2003 - Mimeo
[CITATION] Presentation before the European Parliament
R Lagos - 2005 - October
[CITATION] Asset prices, liquidity, and monetary policy
R Lagos - Federal Reserve Bank of Minneapolis mimeo (in …, 2005
R Lagos… - International Journal of Politics, 1982 - JSTOR
The events in Chilean society in the past six years have brought radical changes, a
statement that has become almost a commonplace for all who have analyzed this
phenomenon. What initially appeared, in accordance with official terminology, as an ...
R Lagos… - 2004 Meeting Papers, 2004 - ideas.repec.org
We develop a model of gross job and worker flows and use it to study how the wages and
employment status of individual workers evolve over time and how they are affected by
aggregate labor market conditions. We also examine the effects that labor market ...
[CITATION] The Old Model and Its Abandonment
R Lagos - The Development of Development Thinking, 1977
[CITATION] Crises and liquidity in otc markets
R Lagos, G Rocheteau… - 2007 - Working Paper, NYU, UCI, UCLA
[CITATION] Unemployment, Inequality, and Crime
K Burdett,
R Lagos… - 2002 - Working paper, University of …
[CITATION] VA Theory of TFP
R Lagos - V Review of Economic Studies, 2006
[CITATION] Quality and Equity in Educational Decentralization: The Case of Chile
R Lagos - Forum for Advancing Basic Education and Literacy, 1993
R Lagos… - Latin American Research Review, 1975 - JSTOR
Our purpose is to evaluate the impact of the economic and social policies of Chile's military
junta on the well-being of the majority of chilenos, especially those of the lowest income
level. The exercise consists of a simple comparison of income and expenditure levels ...
G Rocheteau… - 2004 Meeting Papers, 2004 - ideas.repec.org
This paper studies the long-run effects of anticipated inflation on output and welfare within a
search-theoretic framework. We allow money-holders to choose the intensities with which
they search for trading partners, so the frequency of trades is endogenous. We consider ...
R Lagos - EconomicDynamics Newsletter, 2008 - econpapers.repec.org
By Ricardo Lagos; Abstract: Ricardo Lagos is Associate Professor of Economics
at New York University. He is interested in monetary economics,. ...
R Lagos - Pensamiento iberoamericano, 1984 - dialnet.unirioja.es
... Crisis, ocaso neoliberal y el rol del estado. Autores: Ricardo Lagos; Localización: Pensamiento
iberoamericano, ISSN 0212-0208, Nº. 5, 1, 1984 (Ejemplar dedicado a: La reconstitución del
estado) , págs. 165-188. Fundación Dialnet. Acceso de usuarios registrados. ...
R Lagos - 1986 - orton.catie.ac.cr
SIDALC - Servicio de Informacion y Documentacion Agropecuaria de las Americas.
[CITATION] Sistema político y políticas de concertación: algunas hipótesis
R Lagos - Política Económica y Actores Sociales, 1988
R Lagos, E Lehmann… - 2004 - gate.cnrs.fr
Abstract We develop a search-theoretic model of inflation and unemployment where money
plays an essential role to mitigate a double coincidence of wants problem between workers
and firms. At the steady state, the effects of inflation are similar to those of a proportional ...
[CITATION] Industry in Chile: some structural factors
RL Escobar - 1966 - Department of Economics, Duke …
R Lagos - 2011 - oecd.org
... Seven Strategic Challenges and one imperative: equality Ricardo Lagos November 2011 Page
2. Over the U$20 thousand of average income per person, the difference in live quality depends
on a better income distribution Latin America 2030: Seven Strategic Challenges ...
[CITATION] Diagnosis, employment policies and planning and basic needs
J Mezzera, RL Escobar… - 1978 - … del Empleo para America Latina y el …
[CITATION] The exchange rate as a stabilization tool: two Argentinean experiments
Abstract: Search-theoretic models of monetary exchange are based on explicit descriptions
of the frictions that make money essential. However, tractable versions usually have strong
assumptions that make them ill-suited for discussing some policy questions, especially ...
We develop a search-theoretic model of financial intermediation and use it to study how
trading frictions affect the distribution of asset holdings, asset prices, efficiency and standard
measures of liquidity. A distinctive feature of our theory is that it allows for unrestricted ...
Abstract It is folklore among monetary theorists that, under laissez faire, absent ad-hoc
assumptions that favor money over bonds, there do not exist equilibria in which government-
issued fiat money coexists with nominal risk-free, interest-bearing government bonds with ...
The process that determines how agents meet is a key building block of any equilibrium model
of search. The literature typically introduces meeting frictions in one of two ways. One of them
is assuming an environment in which searchers are uninformed about the location of potential ...
R Lagos… - harvardiglp.org
There is no political future or economic scenario that is predetermined. That was the bold
proposal Cardoso and Faletto made over 40 years ago in the midst of dependency theory's
determinism (Cardoso, Faletto, 1967). This statement has even more relevance today in ...
A Gurria, AR Gallardon… - pisa.oecd.org
The vital role of cities and metropolitan regions, both as engines of their respective
economies and as drivers of the global economy, has in the last decade become more and
more evident. Today, civic progress and society's welfare are linked to our cities' capacity ...
RA Lagos - Bulletin of Economic Research, 2000 - Wiley Online Library
Page 1. {Journals}boer/52_4/y126/makeup/y126.3d © Blackwell Publishers Ltd and
the Board of Trustees of the Bulletin of Economic Research 2000. Published by
Blackwell Publishers, 108 Cowley Road, Oxford OX4 1JF, UK ...
R Lagos Escobar - 2009 - discoverarchive.vanderbilt.edu
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P Furche… - PROGRESSIVE POLITICS, 2005 - policy-network.net
Page 1. 86 progressive politics vol 4.2 Pablo Furche, Ricardo A. Lagos – Defining Progressive
Principles for International Trade International trade is an activity mainly conducted by firms
or persons led by the principle of maximising their utility function. ...
RL Escobar - Bull World Health Organ, 2011 - SciELO Public Health
News the 10-year period include a nearly 50% reduction in maternal mortality, from 1.9 to
1.2 deaths per 100 000 live births. Asked whether recent health improvements have been a
direct result of government action on the social determinants of health, Vega says:“It is ...
R Lagos - cep.lse.ac.uk
CentrePiece Autumn 2000 4 person could find employment; the likelihood of employment (ie
the chances of finding a job if that person is unemployed and of keeping it if they are
employed); income during periods of unemployment; and future job prospects (such as ...
OA Rufatt… - Latin American Research Review, 1977 - JSTOR
Mr. Ramos's response to our article in LARR consists of two parts: First, astonishment is
expressed at the beginning and the end because we were allowed by the editors to publish
our" sensationalist" and" politically motivated" article. In this first part of the criticism (I ...
[CITATION] Global Affairs: Environment, Politics, and Economics
R Lagos - Brown J. World Aff., 2008
G Afonso… - 2012 - papers.ssrn.com
Abstract: We use minute-by-minute daily transaction-level payments data to document the
cross-sectional and time-series behavior of the estimated prices and quantities negotiated
by commercial banks in the fed funds market. We study the frequency and volume of trade, ...
[CITATION] Dynamics, Cycles and Sunspot Equilibria in Genuinely Dynamic, Fundamentally Disaggregative Models of Money
RL Escobar, R Wright… - 2002 - University of Pennsylvania
RA Lagos - 1996 - economics.sas.upenn.edu
Page 1. CARESS Working Paper 96-09 An Alternative Approach to Market Frictions: An
Application to the Market for Taxicab Rides Ricardo A. Lagos¤ University of Pennsylvania
November 1996 Abstract This paper illustrates an alternative approach to modelling frictions. ...
There is no ambiguity among economists regarding what it means for an asset to be risky, or
for markets to be complete. There seems to be, however, no definition of “liquidity” that is
generally agreed upon. The notion of liquidity is sometimes used as an attribute of an ...
R Lagos, B Clinton, B Hounshell… - 2012 - books.google.com
Former Chilean president Ricardo Lagos provides a fascinating glimpse inside his country's
meteoric rise on the world stage A leader in the underground resistance movement against
Augusto Pinochet and his Dirty War, Ricardo Lagos burst onto the national stage in 1988 ...
[CITATION] Garnison Honduras: Ein bitterarmes Land im Griff des Pentagon
RL Andino, E Lawrence… - 1987 - Edition Nahua
[CITATION] Pinochet: el déspota que revolucionó el Derecho Internacional
JM Eastman… - 2000 - TM Editores
H Muñoz… - Leviatán: Revista de hechos e ideas, 1999 - dialnet.unirioja.es
... El dilema Pinochet. Autores: Heraldo Muñoz, Ricardo Lagos; Localización: Leviatán: Revista
de hechos e ideas, ISSN 0210-6337, Nº 76, 1999 , págs. 89-96. Fundación Dialnet. Acceso de
usuarios registrados. Acceso de usuarios registrados Usuario. Contraseña. Entrar. Mi Dialnet ...
SERL Escobar - Fasoc, 2002 - fasoc.cl
Estas son áreas en las cuales hoy tenemos la capacidad de coordinar acciones y de
incrementar la cooperación internacional. Así lo hemos visto al abrir un diálogo bilateral
entre nuestras regiones en el seno de Naciones Unidas, en sus diversos organismos ...
R Lagos - fasoc.cl
Documento Discurso de SE el Presidente de la República de Chile, D. Ricardo Lagos
Escobar, ante el Congreso Pleno de la República Argentina Ricardo Lagos E. ... Cita Lagos
E., Ricardo. 2000. "Discurso de SE el Presidente de la República de Chile, D. Ricardo ...
CAPR Lagos - bibliotecavirtual.clacso.org.ar
En las primeras intervenciones del Presidente Ricardo Lagos, ha planteado la necesidad
de grandes cambios en la sociedad en este siglo que se inicia,-destacando entre otros-su
llamado a la participación ciudadana, a un fuerte desarrollo y difusión de la cultura, al ...
RL Escobar - 2008 - rimisp.org
Este documento es un resultado del Programa Dinámicas Territoriales Rurales, que Rimisp
lleva a cabo en varios países de América Latina en colaboración con numerosos socios. El
programa cuenta con el auspicio del Centro Internacional de Investigaciones para el ...
G Rocheteau… - International economic review, 2005 - dialnet.unirioja.es
... INFLATION, OUTPUT, AND WELFARE. Autores: Guillaume Rocheteau, Ricardo Lagos;
Localización: International economic review , ISSN 0020-6598, Nº. 2, 2005 , págs.
495-522. Fundación Dialnet. Acceso de usuarios registrados. ...
[CITATION] Dos estudios sobre América Latina y el Caribe y la economía internacional
RL Escobar, V Ventura-Dias… - 1987 - … Económica para América Latina y el …
R Lagos - orton.catie.ac.cr
SIDALC - Servicio de Informacion y Documentacion Agropecuaria de las Americas.
S VILLALOBOS, C HURTADO, G PALMA… - politicaspublicas.udp.cl
SINTESIS. Este trabajo es una revisión selectiva de la literatura económica sobre
recesiones, para extraer aquellos elementos que sean útiles para el análisis de la actual
crisis económica chilena. Al revisar las recesiones del pasado, surge obviamente la ...
RA Lagos… - oit.org.pe
Page 1. OFICINA INTE reza y Mercado en Ambrica Latina ecedentes y Lineas de
lnvesti Ricardo A. Lagos Camilo Arriagada Page 2. Copyright @ Organización
Internacional del Trabajo 1997 Las publicaciones de la Oficina ...
[CITATION] Globalización XXI: América Latina y los desafíos del nuevo milenio
RL Escobar… - 2000 - Aguilar
R Lagos - FP: Foreign Policy Edición Española, 2006 - dialnet.unirioja.es
... "El crecimiento no basta": Entrevista con Ricardo Lagos. Autores: Ricardo Lagos ( entrevistado );
Localización: FP: Foreign Policy Edición Española, ISSN 1697-1515, Nº. 17 (octubre-noviember),
2006 , págs. 68-69. Fundación Dialnet. Acceso de usuarios registrados. ...
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