Guido Menzio

University of Pennsylvania - Department of Economics

Ronald O. Perelman Center for Political Science

133 South 36th Street

Philadelphia, PA 19104-6297

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

29

DOWNLOADS

2,031

SSRN CITATIONS

0

CROSSREF CITATIONS

0

Scholarly Papers (29)

1.
Downloads 447 ( 63,705)
Citation 9

Inflation and Unemployment in the Long Run

PIER Working Paper No. 08-012
Number of pages: 74 Posted: 25 Mar 2008
University of Basel - Economics Department, University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 358 (82,204)

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inflation, unemployment, search

Inflation and Unemployment in the Long Run

NBER Working Paper No. w13924
Number of pages: 74 Posted: 04 Apr 2008 Last Revised: 20 Jul 2010
University of Basel - Economics Department, University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 54 (381,640)

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Inflation and Unemployment in the Long Run

Institute for Empirical Research in Economics University of Zurich Working Paper No. 442
Number of pages: 34 Posted: 25 Sep 2009
University of Basel - Economics Department, University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 35 (455,817)
Citation 9

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2.
Downloads 179 (168,136)
Citation 2

Efficient Search on the Job and the Business Cycle

PIER Working Paper No. 08-029
Number of pages: 50 Posted: 13 Aug 2008
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 145 (201,606)
Citation 3

Abstract:

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Directed Search, On the Job Search, Business Cycles

Efficient Search on the Job and the Business Cycle

NBER Working Paper No. w14905
Number of pages: 51 Posted: 28 Apr 2009 Last Revised: 29 Apr 2009
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 34 (460,457)

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3.
Downloads 149 (196,714)
Citation 26

The Morphology of Price Dispersion

PIER Working Paper No. 14-002
Number of pages: 63 Posted: 30 Jan 2014 Last Revised: 23 Aug 2016
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 137 (211,205)
Citation 27

Abstract:

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Price dispersion, product market search, amenities, employment

The Morphology of Price Dispersion

NBER Working Paper No. w19877
Number of pages: 61 Posted: 31 Jan 2014
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 11 (600,849)

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The Morphology of Price Dispersion

International Economic Review, Vol. 56, Issue 4, pp. 1165-1206, 2015
Number of pages: 42 Posted: 29 Oct 2015
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 1 (685,416)
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4.

A Search Theory of Rigid Prices

PIER Working Paper No. 07-031
Number of pages: 31 Posted: 03 Oct 2007
Guido Menzio
University of Pennsylvania - Department of Economics
Downloads 116 (239,182)
Citation 4

Abstract:

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Search Frictions, Asymmetric Information, Rigid Prices, Sticky Prices

5.

Equilibrium Price Dispersion and Rigidity: A New Monetarist Approach

PIER Working Paper No. 10-034
Number of pages: 45 Posted: 19 Oct 2010
Queen's University (Canada), International Monetary Fund (IMF), University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 113 (243,713)
Citation 2

Abstract:

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Search, Sticky Prices, Monetary Policy

6.
Downloads 90 (284,083)
Citation 15

Directed Search Over the Life Cycle

PIER Working Paper No. 12-002
Number of pages: 54 Posted: 09 Jan 2012
University of Pennsylvania - Department of Economics, University of California, San Diego and Universidad Carlos III de Madrid - Department of Economics
Downloads 69 (336,089)

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Directed Search, Labor Reallocation, Lifecycle

Directed Search Over the Life Cycle

NBER Working Paper No. w17746
Number of pages: 54 Posted: 14 Jan 2012 Last Revised: 17 Jan 2012
University of Pennsylvania - Department of Economics, University of California, San Diego and Universidad Carlos III de Madrid - Department of Economics
Downloads 21 (534,225)
Citation 3

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7.
Downloads 71 (327,063)
Citation 2

A Monetary Theory with Non-Degenerate Distributions

PIER Working Paper No. 11-009
Number of pages: 57 Posted: 10 Apr 2011
Guido Menzio, Shouyong Shi and Hongfei Sun
University of Pennsylvania - Department of Economics, Pennsylvania State University and Queen's University
Downloads 37 (446,952)
Citation 2

Abstract:

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Money; Distribution; Search; Lattice-Theoretic

A Monetary Theory with Non-Degenerate Distributions

Number of pages: 56 Posted: 28 Mar 2011
Guido Menzio, Shouyong Shi and Hongfei Sun
University of Pennsylvania - Department of Economics, Pennsylvania State University and Queen's University
Downloads 34 (460,457)
Citation 1

Abstract:

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Money, Distribution, Search, Lattice-heoretic

Taxation and Redistribution of Residual Income Inequality

PIER Working Paper No. 12-022
Number of pages: 46 Posted: 06 Jun 2012
Mikhail Golosov, Pricila Maziero and Guido Menzio
Princeton University - Department of Economics, Stern Economics - NYU and University of Pennsylvania - Department of Economics
Downloads 63 (353,049)

Abstract:

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Unemployment benefit, Income tax, Search frictions, Mechanism design

Taxation and Redistribution of Residual Income Inequality

NBER Working Paper No. w18151
Number of pages: 46 Posted: 16 Jun 2012
Mikhail Golosov, Pricila Maziero and Guido Menzio
Princeton University - Department of Economics, Stern Economics - NYU and University of Pennsylvania - Department of Economics
Downloads 7 (628,972)
Citation 1

Abstract:

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Block Recursive Equilibria for Stochastic Models of Search on the Job

PIER Working Paper No. 09-005
Number of pages: 49 Posted: 26 Jan 2009 Last Revised: 09 Feb 2009
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 59 (365,070)
Citation 19

Abstract:

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Directed Search, On the Job Search, Heterogeneity, Aggregate Fluctuations

Block Recursive Equilibria for Stochastic Models of Search on the Job

NBER Working Paper No. w14907
Number of pages: 49 Posted: 28 Apr 2009 Last Revised: 26 Sep 2010
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 11 (600,849)

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10.
Downloads 70 (329,657)
Citation 14

Worker Replacement

PIER Working Paper No. 08-040
Number of pages: 37 Posted: 29 Oct 2008
Guido Menzio and Espen R. Moen
University of Pennsylvania - Department of Economics and Norwegian Business School
Downloads 57 (371,562)
Citation 1

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Competitive Search, Risk Sharing, Unemployment, Business Cycles

Worker Replacement

NBER Working Paper No. w15983
Number of pages: 34 Posted: 17 May 2010 Last Revised: 05 Sep 2010
Guido Menzio and Espen R. Moen
University of Pennsylvania - Department of Economics and Norwegian Business School
Downloads 11 (600,849)

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Worker Replacement

CEPR Discussion Paper No. DP7075
Number of pages: 33 Posted: 17 Feb 2009
Guido Menzio and Espen R. Moen
University of Pennsylvania - Department of Economics and Norwegian Business School
Downloads 2 (671,142)
Citation 1
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Business Cycles, Competitive Search, Risk Sharing, Unemployment

11.

Relative Price Dispersion: Evidence and Theory

PIER Working Paper No. 16-001
Number of pages: 73 Posted: 26 Jan 2016
University of Pennsylvania, University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 63 (348,459)

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Price Dispersion, Equilibrium Product, Market Search

Shopping Externalities and Self-Fulfilling Unemployment Fluctuations

PIER Working Paper No. 12-048
Number of pages: 56 Posted: 14 Dec 2012
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 51 (391,832)

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Self-fulfilling fluctuations, strategic complementarity, unemployment

Shopping Externalities and Self-Fulfilling Unemployment Fluctuations

NBER Working Paper No. w18777
Number of pages: 57 Posted: 09 Feb 2013
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 9 (614,805)
Citation 6

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13.
Downloads 58 (362,996)

Intermediation as Rent Extraction

PIER Working Paper No. 16-026
Number of pages: 58 Posted: 23 Jan 2017 Last Revised: 24 Mar 2017
Maryam Farboodi, Gregor Jarosch and Guido Menzio
Princeton University - Bendheim Center for Finance, Stanford University and University of Pennsylvania - Department of Economics
Downloads 55 (378,225)

Abstract:

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Intermediation, Rent Extraction

Intermediation as Rent Extraction

NBER Working Paper No. w24171
Number of pages: 49 Posted: 03 Jan 2018
Maryam Farboodi, Gregor Jarosch and Guido Menzio
Princeton University - Bendheim Center for Finance, Stanford University and University of Pennsylvania - Department of Economics
Downloads 3 (660,012)

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14.
Downloads 55 (372,479)
Citation 3

Job Search with Bidder Memories

IZA Discussion Paper No. 4319
Number of pages: 28 Posted: 04 Aug 2009
University of Leicester, University of Pennsylvania - Department of Economics and University of Essex - Department of Economics
Downloads 35 (455,817)

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job search, recall, wage determination, Diamond paradox

Job Search with Bidder Memories

PIER Working Paper No. 09-027
Number of pages: 27 Posted: 24 Aug 2009
University of Leicester, University of Essex - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 20 (540,704)

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Job search, recall, wage determination, Diamond paradox

15.
Downloads 53 (378,863)
Citation 19

A Theory of Partially Directed Search

PIER Working Paper No. 09-006
Number of pages: 24 Posted: 05 Feb 2009
Guido Menzio
University of Pennsylvania - Department of Economics
Downloads 53 (384,988)
Citation 19

Abstract:

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Random search, directed search, non-cooperative bargaining, Coase conjecture, cheap-talk games

A Theory of Partially Directed Search

Journal of Political Economy, Vol. 115, No. 5, 2007
Posted: 21 Dec 2007
Guido Menzio
University of Pennsylvania - Department of Economics

Abstract:

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16.
Downloads 51 (385,396)
Citation 10

Equilibrium Price Dispersion Across and within Stores

PIER Working Paper No. 15-003
Number of pages: 20 Posted: 13 Jan 2015
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 24 (515,127)
Citation 1

Abstract:

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Search, Price dispersion, Price discrimination, Bargain hunting

Equilibrium Price Dispersion Across and within Stores

FRB Richmond Working Paper No. 15-01
Number of pages: 21 Posted: 13 Aug 2015
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 20 (540,704)

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Equilibrium Price Dispersion Across and within Stores

NBER Working Paper No. w21493
Number of pages: 25 Posted: 25 Aug 2015
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 7 (628,972)
Citation 1

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Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search

PIER Working Paper No. 14-009
Number of pages: 38 Posted: 16 Mar 2014
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 28 (491,204)

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Imperfect competition, Search frictions, Price dispersion.

Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search

FRB Richmond Working Paper No. 14-08
Number of pages: 38 Posted: 01 Apr 2014
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 10 (607,842)

Abstract:

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Imperfect competition, Search frictions, Price dispersion

Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search

NBER Working Paper No. w19990
Number of pages: 38 Posted: 24 Mar 2014
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 4 (651,240)
Citation 1

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18.
Downloads 40 (424,899)
Citation 1

Agency Business Cycles

PIER Working Paper No. 038
Number of pages: 58 Posted: 13 Nov 2015 Last Revised: 02 Dec 2015
Mikhail Golosov and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 34 (460,457)

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Unemployment, Moral Hazard, Endogenous Business Cycles

Agency Business Cycles

NBER Working Paper No. w21743
Number of pages: 58 Posted: 23 Nov 2015
Mikhail Golosov and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 6 (636,156)

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Intra Firm Bargaining and Shapley Values

PIER Working Paper No. 18-003
Number of pages: 45 Posted: 16 Feb 2018
VU University Amsterdam, Free University of Amsterdam and University of Pennsylvania - Department of Economics
Downloads 20 (540,704)
Citation 1

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Intra firm bargaining; Shapley value

Intra Firm Bargaining and Shapley Values

Number of pages: 48 Posted: 25 Aug 2015
VU University Amsterdam, Free University of Amsterdam and University of Pennsylvania - Department of Economics
Downloads 10 (607,842)

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Intra firm bargaining, Shapley value

Intra Firm Bargaining and Shapley Values

IZA Discussion Paper No. 9293
Number of pages: 48 Posted: 04 Sep 2015
VU University Amsterdam, Free University of Amsterdam and University of Pennsylvania - Department of Economics
Downloads 6 (636,156)

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intra firm bargaining, Shapley value

Intra Firm Bargaining and Shapley Values

NBER Working Paper No. w21508
Number of pages: 47 Posted: 31 Aug 2015
VU University Amsterdam, Free University of Amsterdam and University of Pennsylvania - Department of Economics
Downloads 3 (660,012)

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Intra Firm Bargaining and Shapley Values

CEPR Discussion Paper No. DP10794
Number of pages: 48 Posted: 04 Sep 2015
VU University Amsterdam, Free University of Amsterdam and University of Pennsylvania - Department of Economics
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intra firm bargaining, Shapley value

20.
Downloads 38 (433,065)
Citation 6

Relative Price Dispersion: Evidence and Theory

NBER Working Paper No. w21931
Number of pages: 73 Posted: 01 Feb 2016
Princeton University - Department of Economics, University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 15 (573,403)
Citation 2

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Relative Price Dispersion: Evidence and Theory

FRB Richmond Working Paper No. 16-2
Number of pages: 73 Posted: 16 Mar 2016
Princeton University - Department of Economics, University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 12 (594,017)

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Relative Price Dispersion: Evidence and Theory

FRB of Philadelphia Working Paper No. 16-6
Number of pages: 73 Posted: 04 Mar 2016
Princeton University - Department of Economics, University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 11 (600,849)

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Price dispersion, Equilibrium product market search, Retail pricing, Goods

21.

Efficient Search on the Job and the Business Cycle, Second Version

PIER Working Paper No. 09-010
Number of pages: 51 Posted: 06 Mar 2009
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 37 (437,135)
Citation 26

Abstract:

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Directed search, On the Job Search, Business Cycles

22.

Evidence on the Relationship between Recruiting and the Starting Wage

PIER Working Paper No. 16-021
Number of pages: 39 Posted: 23 Nov 2016
R. Jason Faberman and Guido Menzio
Federal Reserve Bank of Chicago and University of Pennsylvania - Department of Economics
Downloads 35 (445,394)

Abstract:

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Wage Posting, Employer Recruiting, Hiring, Vacancies, Directed Search

Declining Search Frictions, Unemployment and Growth

PIER Working Paper No. 18-005
Number of pages: 48 Posted: 11 May 2018
Paolo Martellini and Guido Menzio
University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 26 (502,856)

Abstract:

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Search frictions, Unemployment, Growth, Agglomeration

Declining Search Frictions, Unemployment and Growth

NBER Working Paper No. w24518
Number of pages: 48 Posted: 24 Apr 2018
Paolo Martellini and Guido Menzio
University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 6 (636,156)
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24.

Sticky Prices: A New Monetarist Approach

NBER Working Paper No. w17520
Number of pages: 47 Posted: 22 Oct 2011 Last Revised: 24 Oct 2011
Queen's University (Canada), International Monetary Fund (IMF), University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 22 (511,003)
Citation 2

Abstract:

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25.

The (Q,S,s) Pricing Rule: A Quantitative Analysis

PIER Working Paper No. 17-018
Number of pages: 29 Posted: 27 Sep 2017
Kenneth Burdett and Guido Menzio
University of Pennsylvania and University of Pennsylvania - Department of Economics
Downloads 18 (534,443)
Citation 4

Abstract:

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Search frictions, Menu costs, Sticky prices

26.

Production and Learning in Teams

NBER Working Paper No. w25179
Number of pages: 66 Posted: 22 Oct 2018
University of Minnesota - Minneapolis, University College London, University of Pennsylvania - Department of Economics and Dartmouth College - Tuck School of Business
Downloads 6 (609,165)
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27.
Downloads 5 (615,838)

(Q,S,S) Pricing Rules

NBER Working Paper No. w19094
Number of pages: 41 Posted: 04 Jun 2013 Last Revised: 10 Jun 2013
Ken Burdett and Guido Menzio
University of Pennsylvania - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 5 (643,506)

Abstract:

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(Q, S, s) Pricing Rules

PIER Working Paper No. 13-024
Posted: 31 May 2013
Ken Burdett and Guido Menzio
University of Pennsylvania - Department of Economics and University of Pennsylvania - Department of Economics

Abstract:

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Search frictions, Menu costs, Sticky prices

28.

Evidence on the Relationship between Recruiting and Starting Wage

NBER Working Paper No. w22915
Number of pages: 39 Posted: 12 Dec 2016
R. Jason Faberman and Guido Menzio
Federal Reserve Bank of Chicago and University of Pennsylvania - Department of Economics
Downloads 1 (653,079)

Abstract:

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29.

Job Search with Bidder Memories

International Economic Review, Vol. 52, Issue 3, pp. 639-655, 2011
Number of pages: 17 Posted: 30 Aug 2011
Carlos Carrillo‐Tudela and Guido Menzio
affiliation not provided to SSRN and University of Pennsylvania - Department of Economics
Downloads 1 (653,079)
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