Guillaume Rocheteau

Professor, University of California Irvine


PhD in Economics from University of Pantheon-Assas (Paris 2), September 1998.
« Macroéconomie des frictions de l'échange: Chômage et Monnaie. »
« Macroeconomics of trade frictions: Five essays. »
Jury : Pierre Cahuc, Gérard Ballot, François Langot, Dale Mortensen, Claude Vedel, Patrick Villieu.

Doctoral Level Studies in Money, Finance and Banking, (DEA de Monnaie, Finance, Banque), 1994, University of Panthéon-Assas.

Bachelor Degree in Applied Mathematics, (Maîtrise de mathématiques), 1995, University of Pierre and Marie Curie (Paris 6).

Bachelor Degree in Economics (Maîtrise d'économétrie), 1993, University of Panthéon-Assas.


1999-2001: Assistant Professor at the university of Lausanne

2001-2002: Lecturer at the Australian National University

2003: Senior lecturer at the Australian National University

2004-2005: Economist at the Federal Reserve Bank of Cleveland

2005-2006: Visiting assistant professor at the University of Pennsylvania

2006-2007: Economic advisor at the Federal Reserve Bank of Cleveland

2007-2008: Visiting Senior Fellow at the National University of Singapore.

2008-2010: Associate Professor at the University of California, Irvine.

2010- Professor at the University of California, Irvine.

Academic Publications

The Cost of Inflation: A Mechanism Design Approach 2012, Journal of Economic Theory 147, 1261–1279. View Download

Crises and Liquidity in Over-the-Counter Markets 2011, Journal of Economic Theory 146, 2169-2205. Joint with Ricardo Lagos and Pierre-Olivier Weill.

Payment Systems 2011, Annual Review of Financial Economics 3, 259-287. Joint with Ed Nosal and Jamie McAndrews.

Payments and Liquidity under Adverse Selection 2011, Journal of Monetary Economics 58, 191-205.

Liquidity in Frictional Asset Markets 2011, Journal of Money, Credit, and Banking 43, 261-282. Joint with Pierre-Olivier Weill

Discussion of "Information and Liquidity" 2011, Journal of Money, Credit, and Banking 43, 379-384.

On the Threat of Counterfeiting 2011, Macroeconomic Dynamics 15, 10-41. Joint with Yiting Li.

Liquidity in Asset Markets with Search Frictions 2009, Econometrica 77, 403-426. Joint with Ricardo Lagos.

Inflation and Welfare in Models with Trading Frictions 2009, in Monetary Policy in Low Inflation Economies, Ed Nosal and Dave Altig, Cambridge University Press. Joint with Randall Wright.

Crime and the labor market: A search model with optimal contracts 2008, Journal of Public Economics92, 1876-1891. Joint with Bryan Engelhardt and Peter Rupert.

General Equilibrium with Nonconvexities and Money 2008, Journal of Economic Theory 142, 294-317.Joint with Peter Rupert, Karl Shell and Randall Wright.

Money and Capital as Competing Media of Exchange 2008, Journal of Economic Theory 142, 247-258.Joint with Ricardo Lagos.

State-Dependent Pricing, Inflation and Welfare 2008, European Economic Review 52, 441-468. Joint with Ben Craig.

Inflation and Unemployment in General Equilibrium 2008, Scandinavian Journal of Economics 109, 837-855. Joint with Peter Rupert and Randall Wright.

Inflation and Welfare: A Search Approach 2008, Journal of Money, Credit and Banking 40, 89-120. Joint with Ben Craig.

Bargaining and the Value of Money 2007, Journal of Monetary Economics 54, 2636-2655.
Joint with Boragan Aruoba and Christopher Waller.

Search in Assets Markets: Market structure, Liquidity and Welfare 2007, American Economic Review 97 (Papers and proceedings), 198-202. Joint with Ricardo Lagos.

Friedman Meets Hosios: On Efficiency in Search Models of Money 2007, Economic Journal 117, 174-195. Joint with Aleksander Berentsen and Shouyong Shi.

Inflation, Output and Welfare 2005, International Economic Review 46, 495-522. Joint with Ricardo Lagos.

Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium 2005,Econometrica 73, 175-202. Joint with Randall Wright.

Money and Information 2004, Review of Economic Studies, 71, 915-944. Joint with Aleksander Berentsen.

On the Friedman Rule in Search Models with Divisible Money 2003, Contributions to Macroeconomics, 3, No. 1, Article 11. Joint with Aleksander Berentsen.

Money and the Gains from Trade 2003, International Economic Review, 44, 263-297. Joint with Aleksander Berentsen.

On the Efficiency of Monetary Exchange : How Divisibility of Money Matters ?
2002, Journal of Monetary Economics 49, 1621-1649. Joint with Aleksander Berentsen.

On the Launching of a New Currency 2002, Journal of Money, Credit, and Banking, 34. Joint with Sebastien Lotz.

Working Time Regulation in a Search Economy with Worker Moral Hazard 2002, Journal of Public Economics 84, 387-425.

Equilibrium Unemployment and Wage Formation with Matching Frictions and Worker Moral Hazard 2001,Labour Economics 8, 75-102