Papers

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Comparing Search and Intermediation Frictions Across Fixed-Income Markets

Gabor Pinter,Jean-Charles Wijnandts, Semih Uslu   Apr 30,2025

Working Paper No.00150-00

We develop a two-asset search-and-bargaining model of OTC trading to estimate frictions and welfare losses in the UK government and... Read More

Production, Trade, and Cross-Border Data Flows

Qing Chang,Longtian Zhang,Liyong Wang, Lin William Cong (叢林)   Nov 21,2024

Working Paper No.00135-01

We build a tractable general equilibrium model to analyze the effects of cross-border data flows and pre-existing development gaps in... Read More