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

28

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in Total Papers Downloads

2,702

SSRN CITATIONS
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Top 1,943

in Total Papers Citations

462

CROSSREF CITATIONS

251

Scholarly Papers (28)

1.
Downloads 517 (84,620)
Citation 21

Inflation and Unemployment in the Long Run

PIER Working Paper No. 08-012
Number of pages: 74 Posted: 25 Mar 2008
University of Basel - Faculty of Business and Economics, University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 384 (119,095)

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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 2022
University of Basel - Faculty of Business and Economics, University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 74 (488,866)

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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 - Faculty of Business and Economics, University of Pennsylvania - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 59 (551,627)
Citation 18

Abstract:

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2.
Downloads 206 (227,072)
Citation 34

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 162 (280,453)
Citation 14

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: 24 Sep 2022
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 44 (629,770)
Citation 4

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3.
Downloads 173 (264,854)
Citation 31

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 155 (290,980)
Citation 4

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 Last Revised: 26 Oct 2022
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 18 (820,270)
Citation 14

Abstract:

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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 134 (326,372)
Citation 8

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 131 (331,998)
Citation 3

Abstract:

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Search, Sticky Prices, Monetary Policy

6.
Downloads 110 (376,694)
Citation 30

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 79 (470,379)

Abstract:

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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: 29 Dec 2022
University of Pennsylvania - Department of Economics, University of California, San Diego and Universidad Carlos III de Madrid - Department of Economics
Downloads 31 (714,555)
Citation 14

Abstract:

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7.
Downloads 99 (404,841)
Citation 6

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, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 65 (524,816)

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 Last Revised: 16 Jan 2023
Maryam Farboodi, Gregor Jarosch and Guido Menzio
Princeton University - Bendheim Center for Finance, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 34 (693,408)
Citation 5

Abstract:

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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 78 (473,959)

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 Last Revised: 05 Feb 2023
Mikhail Golosov, Pricila Maziero and Guido Menzio
Princeton University - Department of Economics, Stern Economics - NYU and University of Pennsylvania - Department of Economics
Downloads 19 (820,270)
Citation 10

Abstract:

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9.
Downloads 93 (421,734)
Citation 6

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 (Amy) Sun
University of Pennsylvania - Department of Economics, Pennsylvania State University and Queen's University
Downloads 48 (607,202)
Citation 7

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 (Amy) Sun
University of Pennsylvania - Department of Economics, Pennsylvania State University and Queen's University
Downloads 45 (623,975)
Citation 1

Abstract:

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Money, Distribution, Search, Lattice-heoretic

10.
Downloads 90 (430,522)
Citation 1

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 39 (660,208)
Citation 1

Abstract:

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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 20 (802,628)

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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 18 (820,270)

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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 Last Revised: 09 Oct 2022
VU University Amsterdam, Free University of Amsterdam and University of Pennsylvania - Department of Economics
Downloads 13 (867,493)

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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

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 70 (504,175)
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: 27 Mar 2022
Guido Menzio and Shouyong Shi
University of Pennsylvania - Department of Economics and Pennsylvania State University
Downloads 20 (802,628)
Citation 3

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12.
Downloads 89 (433,520)
Citation 18

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 66 (520,646)
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 Mar 2023
Guido Menzio and Espen R. Moen
University of Pennsylvania - Department of Economics and Norwegian Business School
Downloads 21 (793,954)
Citation 1

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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 (973,780)
Citation 3
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Business Cycles, Competitive Search, Risk Sharing, Unemployment

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 67 (516,447)
Citation 1

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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 Last Revised: 26 Oct 2022
Greg Kaplan and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 18 (820,270)
Citation 24

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14.
Downloads 79 (465,361)
Citation 14

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 32 (707,346)

Abstract:

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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 31 (714,555)
Citation 1

Abstract:

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Search, Price dispersion, Price discrimination, Bargain hunting

Equilibrium Price Dispersion Across and within Stores

NBER Working Paper No. w21493
Number of pages: 25 Posted: 25 Aug 2015 Last Revised: 24 Sep 2022
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 16 (838,809)
Citation 4

Abstract:

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15.

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 76 (475,882)

Abstract:

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Price Dispersion, Equilibrium Product, Market Search

16.
Downloads 76 (475,882)
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 47 (612,700)

Abstract:

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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 29 (729,371)

Abstract:

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Job search, recall, wage determination, Diamond paradox

17.
Downloads 74 (483,140)
Citation 32

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 74 (488,866)
Citation 32

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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18.
Downloads 73 (486,742)
Citation 23

Relative Price Dispersion: Evidence and Theory

NBER Working Paper No. w21931
Number of pages: 73 Posted: 01 Feb 2016 Last Revised: 05 Jun 2022
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 28 (737,022)
Citation 4

Abstract:

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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 26 (752,586)

Abstract:

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Relative Price Dispersion: Evidence and Theory

FRB of Philadelphia Working Paper No. 16-6
Number of pages: 67 Posted: 04 Mar 2016 Last Revised: 29 Apr 2020
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 19 (811,298)
Citation 10

Abstract:

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

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 37 (673,208)

Abstract:

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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 17 (829,418)

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 Last Revised: 13 Feb 2023
Guido Menzio and Nicholas Trachter
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 12 (877,098)
Citation 7

Abstract:

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20.
Downloads 64 (521,595)
Citation 7

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 Wisconsin - Madison and University of Pennsylvania - Department of Economics
Downloads 35 (686,522)

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 Last Revised: 30 Dec 2022
Paolo Martellini and Guido Menzio
University of Wisconsin - Madison and University of Pennsylvania - Department of Economics
Downloads 29 (729,371)
Citation 2

Abstract:

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21.
Downloads 56 (556,186)
Citation 7

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 42 (641,842)

Abstract:

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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 Last Revised: 30 Nov 2022
Mikhail Golosov and Guido Menzio
Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 14 (857,931)
Citation 8

Abstract:

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22.

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 51 (579,993)
Citation 28

Abstract:

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Directed search, On the Job Search, Business Cycles

23.

Evidence on the Relationship between Recruiting and the Starting Wage

PIER Working Paper No. 16-021
Number of pages: 39 Posted: 23 Nov 2016
Jason Faberman and Guido Menzio
Federal Reserve Bank of Chicago and University of Pennsylvania - Department of Economics
Downloads 45 (610,828)
Citation 6

Abstract:

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

24.

Production and Learning in Teams

NBER Working Paper No. w25179
Number of pages: 66 Posted: 22 Oct 2018 Last Revised: 26 Oct 2022
University of Minnesota - Minneapolis, University College London, University of Pennsylvania - Department of Economics and Dartmouth College - Tuck School of Business
Downloads 39 (644,505)
Citation 1

Abstract:

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25.

Sticky Prices: A New Monetarist Approach

NBER Working Paper No. w17520
Number of pages: 47 Posted: 22 Oct 2011 Last Revised: 16 Nov 2022
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 33 (681,759)
Citation 9

Abstract:

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26.

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 32 (688,233)
Citation 6

Abstract:

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Search frictions, Menu costs, Sticky prices

27.
Downloads 14 (828,131)

(Q,S,S) Pricing Rules

NBER Working Paper No. w19094
Number of pages: 41 Posted: 04 Jun 2013 Last Revised: 05 Mar 2023
Ken Burdett and Guido Menzio
University of Pennsylvania - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 14 (857,931)

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 Last Revised: 11 Feb 2023
Jason Faberman and Guido Menzio
Federal Reserve Bank of Chicago and University of Pennsylvania - Department of Economics
Downloads 10 (864,558)

Abstract:

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