Published and Forthcoming Papers
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The macroeconomic implications of bias against labor market entrants
Shisham Adhikari, Athanasios Geromichalos, Ates Gursoy, and Ioannis Kospentaris
Review of Economic Dynamics, Volume 58, 101301, October 2025
Published version; Accepted version; Web Appendix
Asymmetric Information, Asset Markets, and the Medium of Exchange
Athanasios Geromichalos, Lucas Herrenbrueck, and Zijian Wang
Economic Theory, forthcoming (https://doi.org/10.1007/s00199-025-01662-4)
Published version; Accepted version
The real effects of financial disruptions in a monetary economy
M. Gabrovski, A. Geromichalos, L. Herrenbrueck, I. Kospentaris, and S. Lee
Journal of Monetary Economics, Volume 151, 103735 , April 2025
Published version; Accepted version; Web Appendix
Heterogeneous Asset Valuation in OTC Markets and Optimal Inflation
Athanasios Geromichalos and Kuk Mo Jung
Journal of Economic Dynamics and Control, Volume 161: 104824, April 2024
Published Version; Accepted Version
Asset Safety Versus Asset Liquidity
Athanasios Geromichalos, Lucas Herrenbrueck, and Sukjoon Lee
Journal of Political Economy, Volume 131, Number 5, May 2023
Published version; Accepted version
The Strategic Determination of the Supply of Liquid Assets
Athanasios Geromichalos, Lucas Herrenbrueck, and Sukjoon Lee
Review of Economic Dynamics, Volume 49, July 2023, Lead Article
Published version; Accepted version; Web Appendix
The Unintended Consequences of Meritocratic Government Hiring
Athanasios Geromichalos and Ioannis Kospentaris
European Economic Review, Volume 144, May 2022
Published version; Accepted version
The Liquidity Augmented Model of Macroeconomic Aggregates: A New Monetarist DSGE approach
Athanasios Geromichalos and Lucas Herrenbrueck
Review of Economic Dynamics, Volume 45, July 2022
Published version; Accepted version; FAQ
A Model of Endogenous Direct and Indirect Asset Liquidity
Athanasios Geromichalos, Kuk Mo Jung, Seungduck Lee, and Dillon Carlos
European Economic Review, Volume 132, February 2021
Published version; Accepted version
Monetary Policy and Efficiency in Over-the-Counter Financial Trade
Athanasios Geromichalos and Kuk Mo Jung
Canadian Journal of Economics, Volume 52, No. 4, November 2019
Published version; Accepted version
An Over-the-Counter Approach to the FOREX Market
Athanasios Geromichalos and Kuk Mo Jung
International Economic Review, Vol. 59, No. 2, May 2018
Published version; Accepted version
A Tractable Model of Indirect Asset Liquidity
Lucas Herrenbrueck and Athanasios Geromichalos
Journal of Economic Theory, Volume 168, March 2017
Published version; Accepted version
A Search-Theoretic Model of the Term Premium
Athanasios Geromichalos, Lucas Herrenbrueck, and Kevin Salyer
Theoretical Economics: A Journal of the Econometric Society, Volume 11, Issue 3, September 2016
Published version; Web Appendix
Monetary Policy, Asset Prices, and Liquidity in Over-the-Counter Markets
Athanasios Geromichalos and Lucas Herrenbrueck
Journal of Money, Credit, and Banking, Vol. 48, Issue 1, February 2016
Published version; Accepted version; Web Appendix
Over-the-Counter Trade and the Value of Assets as Collateral
Athanasios Geromichalos, Jiwon Lee, Seungduck Lee, and Keita Oikawa
Economic Theory, Vol. 62, Issue 3, August 2016
Published version; Accepted version
Unemployment Insurance and Optimal Taxation in a Search Model of the Labor Market
Athanasios Geromichalos
Review of Economic Dynamics, Vol. 18, Issue 2, April 2015
Published version; Accepted version; Web Appendix
Directed Search and the Bertrand Paradox
Athanasios Geromichalos
International Economic Review, Vol. 55, No. 4, November 2014
Published version; Accepted version
Asset Liquidity and International Portfolio Choice
Athanasios Geromichalos and Ina Simonovska
Journal of Economic Theory, Vol. 151, May 2014
Published version; Accepted version; Web Appendix
Directed Search and Optimal Production
Athanasios Geromichalos
Journal of Economic Theory, Vol. 147, Issue 6, November 2012
Published version; Accepted version
Monetary Policy and Asset Prices
Athanasios Geromichalos, Juan Manuel Licari, and Jose Suarez-Lledo
Review of Economic Dynamics, Vol. 10, Issue 4, October 2007
Published version
