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Selected Unpublished Papers and Lectures:



Credit Horizons, with Nobuhiro Kiyotaki and Shengxing Zhang, 2021

Inside Money and Liquidity, with Nobuhiro Kiyotaki, 2018

Self-Fulfilling Price Cycles, with James Best, 2013

Contagious Illiquidity I:  Contagion through Time, 2013

Pecuniary Externality through Credit Constraints:  Two Examples without Uncertainty, 2013

Suppliers of Priors:  A Theory of Retailing Inspired by the Market for Chinese Antiquities, with Mingxiao Ye, 2013

Leverage Stacks and the Financial System, Ross Prize Lecture to the Foundation for the Advancement of Research in Financial Economics, Boston, 2011

Leverage Stacks and the Financial System (first version – contains analysis of long-term debt not included in Ross Prize Lecture), Presidential Address to North American Summer Meeting of the Econometric Society, St Louis, 2011

Contagious Illiquidity, Presidential Address to Tenth World Congress of the Econometric Society, Shanghai, 2010

Contagious Illiquidity (prototype version – contains ideas not pursued in 2010 Presidential Address), Hurwicz Lecture to Latin American Meeting of the Econometric Society, Buenos Aires, 2009

Liquidity, Business Cycles, and Monetary Policy, with Nobuhiro Kiyotaki, Lecture to Sveriges Riksbank, Stockholm, 2009

The Evolution of Money:  Theory and Predictions, Keynes Lecture to British Academy, London, 2007 (based on joint work with Nobuhiro Kiyotaki)

Partial Contracts, Schumpeter Lecture to Annual Congress of the European Economic Association, Vienna, 2006 (based on joint work with Oliver Hart)

Agreeing Now to Agree Later:  Contracts that Rule Out but do not Rule In, with Oliver Hart, 2004

Money and Liquidity, Clarendon Lectures, Oxford, 2001 (based on joint work with Nobuhiro Kiyotaki):

   Lecture 1

   Lecture 2

   Lecture 3

Indexation and Insurance:  A Stochastic Model of Credit Cycles, with Nobuhiro Kiyotaki, 1998

Cooperatives Versus Outside Ownership, with Oliver Hart, 1998

Credit Chains, with Nobuhiro Kiyotaki, 1997