WorldCat Identities

Wright, Randall 1956-

Works: 108 works in 336 publications in 1 language and 2,122 library holdings
Genres: Documentary films  Documentary television programs  Nonfiction television programs  Juvenile works  Children's films  History  Biography  Records and correspondence  Criticism, interpretation, etc  Guidebooks 
Roles: Producer, Director, Author, Editor
Classifications: DK552, 914.721
Publication Timeline
Most widely held works by Randall Wright
Sister Wendy's grand tour by Randall Wright( Visual )

18 editions published between 1994 and 1998 in English and held by 525 WorldCat member libraries worldwide

Sister Wendy Beckett, hermit nun with a roguish smile and a most unorthodox passion for art, has been lauded in the press as, 'the best talker on art since Lord Clark gave us Civilisation'. In this episode, she journeys to St. Petersburg to visit the art works in the Hermitage
St Petersburg( Visual )

3 editions published in 1994 in English and held by 98 WorldCat member libraries worldwide

Explore elegant St. Petersburg, built in the early 18th century as Russia's proud new capital. Conceived by Tsar Peter the Great as a grandiose version of his favorite European city, Amsterdam, the architecture of St. Petersburg reflects a range of European influences. Its beautiful palaces and quiet elegance belie its troubled history, yet as you explore the city you'll find clues to the political turmoil that give St. Petersburg its haunting character
Presumption : [the life of Jane Austen] by Randall Wright( Visual )

7 editions published in 1995 in English and held by 79 WorldCat member libraries worldwide

Biographers and researchers explore the life and work of Jane Austen in the light of renewed public interest in her work. Includes readings from her novels and letters to her sister Cassandra, as well as dramatised versions of these
Economics to econometrics : contributions in honor of Daniel L. McFadden by Charles F Manski( Book )

6 editions published in 2007 in English and held by 57 WorldCat member libraries worldwide

A model of commodity money, with applications to Gresham's Law and the debasement puzzle by François R Velde( Book )

8 editions published between 1996 and 1997 in English and held by 33 WorldCat member libraries worldwide

Inflation and unemployment in the long run by Aleksander Berentsen( Book )

15 editions published between 2008 and 2009 in English and held by 25 WorldCat member libraries worldwide

We study the long-run relation between money, measured by inflation or interest rates, and unemployment. We first discuss data, documenting a strong positive relation between the variables at low frequencies. We then develop a framework where both money and unemployment are modeled using explicit microfoundations, integrating and extending recent work in macro and monetary economics, and providing a unified theory to analyze labor and goods markets. We calibrate the model, to ask how monetary factors account quantitatively for low-frequency labor market behavior. The answer depends on two key parameters: the elasticity of money demand, which translates monetary policy to real balances and profits; and the value of leisure, which affects the transmission from profits to entry and employment. For conservative parameterizations, money accounts for some but not that much of trend unemployment -- by one measure, about 1/5 of the increase during the stagflation episode of the 70s can be explained by monetary policy alone. For less conservative but still reasonable parameters, money accounts for almost all low-frequency movement in unemployment over the last half century
Barter and monetary exchange under private information by Stephen D Williamson( Book )

3 editions published between 1991 and 1992 in English and held by 23 WorldCat member libraries worldwide

Homework in macroeconomics by Jess Benhabib( Book )

3 editions published in 1990 in English and held by 22 WorldCat member libraries worldwide

Homework in macroeconomics : household production and aggregate fluctuations by Jess Benhabib( Book )

12 editions published between 1990 and 1991 in English and Undetermined and held by 22 WorldCat member libraries worldwide

Why is automobile insurance in Philadelphia so damn expensive? by Eric Smith( Book )

7 editions published between 1989 and 1991 in English and Undetermined and held by 19 WorldCat member libraries worldwide

Equilibrium wage dispersion : an example by Damien Gaumont( Book )

10 editions published in 2006 in English and held by 18 WorldCat member libraries worldwide

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on productivity
Labor market fluctuations in the small and in the large by Richard Donald Rogerson( Book )

9 editions published in 2008 in English and held by 16 WorldCat member libraries worldwide

Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the data. Hagedorn and Manovskii present an alternative calibration that yields fluctuations consistent with the data, but this has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the differences in policy we sees across countries. We argue this concern may be unwarranted, because one cannot assume elasticities relevant for small changes work for large changes. Models with fixed factors in market or household production can generate large effects from small changes and reasonable effects from large changes. This is reminiscent of attempts to improve the labor market in the Kydland-Prescott model, especially ones incorporating household production, like Benhabib, Rogerson and Wright
Adverse selection in competitive search equilibrium by Veronica Guerrieri( Book )

7 editions published in 2009 in English and held by 13 WorldCat member libraries worldwide

We extend the concept of competitive search equilibrium to environments with private information, and in particular adverse selection. Principals (e.g. employers or agents who want to buy assets) post contracts, which we model as revelation mechanisms. Agents (e.g. workers, or asset holders) have private information about the potential gains from trade. Agents observe the posted contracts and decide where to apply, trading off the contracts' terms of trade against the probability of matching, which depends in general on the principals' capacity constraints and market search frictions. We characterize equilibrium as the solution to a constrained optimization problem, and prove that principals offer separating contracts to attract different types of agents. We then present a series of applications, including models of signaling, insurance, and lemons. These illustrate the usefulness and generality of the approach, and serve to contrast our findings with standard results in both the contract and search literatures
A unified framework for monetary theory and policy analysis by Ricardo A Lagos( Book )

6 editions published between 2002 and 2004 in English and held by 13 WorldCat member libraries worldwide

"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. We propose a framework based on explicit micro foundations within which macro policy can be analyzed. The model is both analytically tractable and amenable to quantitative analysis. We demonstrate this by using it to estimate the welfare cost of inflation. We find much higher costs than the previous literature: our model predicts that going from 10% to 0% inflation can be worth between 3% and 5% of consumption"--Federal Reserve Bank of Minneapolis web site
Homework in monetary economics : inflation, home production, and the production of homes by S. Boragan Aruoba( Book )

6 editions published in 2012 in English and held by 9 WorldCat member libraries worldwide

We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation increases the (appropriately deflated) value of the housing stock. This is documented in various data sources. A calibrated model accounts for a fifth to a half of the observed relationships. While this leaves much to be explained, it demonstrates the channel is economically relevant. We also show models with home production imply higher costs of inflation than models without it, especially when home and market goods are close substitutes
Innovation and growth with financial, and other, frictions by Jonathan Chiu( Book )

11 editions published between 2011 and 2015 in English and held by 9 WorldCat member libraries worldwide

The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them to those best able to implement them (technology transfer). But frictions in this market, including search, bargaining, and commitment problems, impede exchange and thus slow growth. We characterize optimal policies to subsidize research and trade in ideas, given both knowledge and search externalities. We discuss the roles of liquidity and financial institutions, and show two ways in which intermediation can enhance efficiency and innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain bargaining problems, by allowing entrepreneurs to undo otherwise sunk investments in liquidity. We also discuss some evidence, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations
Buyers, sellers and middlemen : variations on search-theoretic themes by Yuet-Yee Wong( Book )

7 editions published in 2011 in English and held by 8 WorldCat member libraries worldwide

We study bilateral exchange, both direct trade and indirect trade that happens through chains of intermediaries or middlemen. We develop a model of this activity and present applications. This illustrates how, and how many, intermediaries get involved, and how the terms of trade are determined. We show how bargaining with one intermediary depends on upcoming negotiations with downstream intermediaries, leading to holdup problems. We discuss the roles of buyers and sellers in bilateral exchanges, and how to interpret prices. We develop a particular bargaining solution and relate it to other solutions. In addition to contrasting our framework with other models of middlemen, we discuss the connection to different branches of search theory. We also illustrate how bubbles can emerge in intermediation
Pledgability and liquidity : a new monetarist model of financial and macroeconomic activity by Venky Venkateswaran( Book )

5 editions published in 2013 in English and held by 8 WorldCat member libraries worldwide

When limited commitment hinders unsecured credit, assets help by serving as collateral. We study models where assets differ in pledgability -- the extent to which they can be used to secure loans -- and hence liquidity. Although many previous analyses of imperfect credit focus on producers, we emphasize consumers. Household debt limits are determined by the cost households incur when assets are seized in the event of default. The framework, which nests standard growth and asset-pricing theory, is calibrated to analyze the effects of monetary policy and financial innovation. We show that inflation can raise output, employment and investment, plus improve housing and stock markets. For the baseline calibration, optimal inflation is positive. Increases in pledgability can generate booms and busts in economic activity, but may still be good for welfare
Endogenous credit cycles by Chao Gu( Book )

6 editions published in 2011 in English and held by 7 WorldCat member libraries worldwide

We study models of credit with limited commitment, which implies endogenous borrowing constraints. We show that there are multiple stationary equilibria, as well as nonstationary equilibria, including some that display deterministic cyclic and chaotic dynamics. There are also stochastic (sunspot) equilibria, in which credit conditions change randomly over time, even though fundamentals are deterministic and stationary. We show this can occur when the terms of trade are determined by Walrasian pricing or by Nash bargaining. The results illustrate how it is possible to generate equilibria with credit cycles (crunches, freezes, crises) in theory, and as recently observed in actual economies -- National Bureau of Economic Research web site
Search-theoretic models of the labor market : a survey by Richard Donald Rogerson( Book )

11 editions published between 2002 and 2004 in English and held by 6 WorldCat member libraries worldwide

"We survey search-theoretic models of the labor market and discuss their usefulness for analyzing labor market dynamics, job turnover, and wages. We first examine single-agent models, showing how they can incorporate many interesting features and generate rich predictions. We then consider equilibrium models that endogenize several variables that are treated parametrically in single-agent models, including the arrival rate of job offers and the wage distribution. We survey alternative formulations of these models, emphasizing two key issues: how workers and firms meet, and how wages are determined. We emphasize throughout the implications of alternative assumptions for turnover, wage dispersion, and efficiency"--National Bureau of Economic Research web site
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Audience level: 0.39 (from 0.24 for Equilibriu ... to 0.79 for Homework i ...)

Economics to econometrics : contributions in honor of Daniel L. McFadden
Alternative Names
Randall Wright Canadees econoom

Randall Wright Canadian economist

Randall Wright canadisk økonom

Randall Wright kanadensisk ekonom

Randall Wright kanadischer Ökonom und Hochschullehrer

Randall Wright kanadisk økonom

Wright, R. 1956-

Wright, Randall 1956-


English (158)