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Department of Economics, VU Station B 351819
2301 Vanderbilt Place
Nashville, TN 37235-1819

email: ben.eden@vanderbilt.edu

Research

• Inventories and the business cycle: the implications of a UST model

• Efficiency, Vacancy Rates and Overbooking in a Sequential Trade Model

• The real effects of reserve requirements

• Inflation and the choice of prices: an analysis of micro data

• How to subsidize education: An analysis of voucher systems

• Reserve requirements and Output Fluctuations

• "Money, Credit and Inventories in a Sequential Trading Model" March 2001.



• "Sticky Prices and Sequential Trade" July 2001.

• "Sequential International Trade" Nov. 2000

• "Staggered Prices, Sequential Trade and Price Dispersion: Evidence from
  
  Micro Data" (August 2001, with Eyal Baharad)

• "Seemingly Rigid Prices" April 2002

• "Sticky prices in a cash-in-advance model: Does money matters?" January 2003

• "Sequential International Trade" January 2003

• "Price Rigidity and Price Dispersion: Evidence from Micro Data" With Eyal Baharad (August 2003)



• "Substitution and Risk Aversion: Is Risk Aversion Important for Understanding Asset Prices?" (Nov. 2004)

• "Inefficient Trade Patterns: Excessive Trade, Cross-Hauling and Dumping" (Feb. 2005)



• Rigid Prices: Evidence from U.S. Scanner Data (with Jeff Campbell, October 2005)



• Uncertain Market Conditions and Gains From Trade: A Sequential Trade Model With Heterogeneous Buyers
  
  
• "Seigniorage and the Desirability of National Monies" (November 2005)
  
  
• "International seigniorage payments" (June 2006)
  
  
• "International Seigniorage Payments" (January 2007)
  


• "Rigid Prices: Evidence from U.S. Scanner Data" April 2007 (joint with Jeff Campbell)
  


• "Efficient Barriers to Trade: A Sequential Trade Model with Heterogeneous Agents" April 2007



• "Liquidity, Equity Premium and Participation" September 2007



• "The Friedman Rule in an Overlapping Generations Economy: Social Security in Reverse" (November 2007)



• "Substitution, Risk Aversion and Asset Prices: An Expected Utility Approach" (January 2008)



• Implementing the Friedman Rule by a Government Loan Program: An Overlapping Generations Model" (January 2008)
  
  
• "Liquidity, Equity Premium and Participation" (April 2008)



• "Liquidity Premium and International Seignior Ager Payments" January 2009



• "The Role of Price Discreteness in Explaining Price Dispersion and Price Changes in a Chain" March 2009 (With Matt Jaremski)



• "Rigidity, Discreteness and Dispersion in Chain Prices" June 2009 (with Matthew Jaremski)



• "The Role of Government in the Consumer Loans Market" (Sep. 2009)



• "The Role of Government in the Consumer Loans Market" Revised, April 2010

More recent research papers

• Consumption Smoothing and the Equity Premium



• Discreteness and Nominal Rigidity: Do Supermarket Prices Move Too Much?  (with Matt Jaremski, Revised Dec. 2010)



• Intergenerational Intermediation and Altruistic Preferences



• Living with a Monetary System infected by Bubbles



• Costly Intermediation and the Friedman Rule



• Does a Low Interest Rate Support Private Bubbles?