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Benjamin R. Lester

Personal Details

First Name:Benjamin
Middle Name:R.
Last Name:Lester
Suffix:
RePEc Short-ID:ple283
http://sites.google.com/site/benjaminrlester
Terminal Degree: Department of Economics; University of Pennsylvania (from RePEc Genealogy)

Affiliation

(59%) Research Department
Federal Reserve Bank of Philadelphia

Philadelphia, Pennsylvania (United States)
http://www.philadelphiafed.org/research-and-data/

:

10 Independence Mall, Philadelphia, PA 19106-1574
RePEc:edi:rfrbpus (more details at EDIRC)

(21%) Department of Economics
University of Pennsylvania

Philadelphia, Pennsylvania (United States)
http://www.econ.upenn.edu/

: 215-898-7701
215-573-2057
The Ronald O. Perelman Center for Political Science and Economics, 133 South 36th Street, Suite 150, Philadelphia, PA 19104
RePEc:edi:deupaus (more details at EDIRC)

(20%) Department of Economics
University of Western Ontario

London, Canada
http://economics.uwo.ca/

: (519) 661-3500
(519) 661-3666
Faculty of Social Sciences, London, Ontario, N6A 5C2
RePEc:edi:deuwoca (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Software

Working papers

  1. Mahyar Kargar & Benjamin Lester & David Lindsay & Shuo Liu & Pierre-Olivier Weill & Diego Zúñiga, 2020. "Corporate Bond Liquidity During the COVID-19 Crisis," NBER Working Papers 27355, National Bureau of Economic Research, Inc.
  2. Benjamin Lester & David Rivers & Giorgio Topa, 2018. "Job Referrals and Skills," 2018 Meeting Papers 306, Society for Economic Dynamics.
  3. Gara M. Afonso & Roc Armenter & Benjamin Lester, 2018. "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow," Working Papers 18-10, Federal Reserve Bank of Philadelphia, revised 21 Feb 2018.
  4. Julien Hugonnier & Benjamin Lester & Pierre-Olivier Weill, 2018. "Frictional Intermediation in Over-the-counter Markets," NBER Working Papers 24956, National Bureau of Economic Research, Inc.
  5. Benjamin Lester & Ali Shourideh & Venky Venkateswaran & Ariel Zetlin-Jones, 2018. "Market-making with Search and Information Frictions," NBER Working Papers 24648, National Bureau of Economic Research, Inc.
  6. Gara M. Afonso & Roc Armenter & Benjamin Lester, 2018. "Size Is Not All: Distribution of Bank Reserves and Fed Funds Dynamics," Liberty Street Economics 20180711, Federal Reserve Bank of New York.
  7. Venky Venkateswaran & Ariel Zetlin-Jones & Ali Shourideh & Benjamin Lester, 2017. "Market-Making with Search and Private Information," 2017 Meeting Papers 1554, Society for Economic Dynamics.
  8. Roc Armenter & Benjamin Lester, 2016. "Excess Reserves and Monetary Policy Implementation," Working Papers 16-33, Federal Reserve Bank of Philadelphia, revised 29 Nov 2016.
  9. Venky Venkateswaran & Ariel Zetlin-Jones & Ali Shourideh & Benjamin Lester, 2016. "Adverse Selection, Search Frictions and Liquidity in Financial Markets," 2016 Meeting Papers 1438, Society for Economic Dynamics.
  10. Benjamin Lester & Ali Shourideh & Venky Venkateswaran & Ariel Zetlin-Jones, 2016. "Screening and adverse selection in frictional markets," Working Papers 16-10, Federal Reserve Bank of Philadelphia, revised 10 Mar 2016.
  11. Braz Camargo & Kyungmin (Teddy) Kim & Benjamin Lester, 2016. "Information Spillovers, Gains From Trade, And Interventions In Frozen Markets," Working Papers 16-28, Federal Reserve Bank of Philadelphia.
  12. Ronald Wolthoff & Benjamin Lester, 2016. "Interviews and the Assignment of Workers to Firms," 2016 Meeting Papers 221, Society for Economic Dynamics.
  13. Roc Armenter & Benjamin Lester, 2015. "Excess reserves and monetary policy normalization," Working Papers 15-35, Federal Reserve Bank of Philadelphia, revised 15 Sep 2015.
  14. Lester, Benjamin & Visschers, Ludo & Wolthoff, Ronald, 2015. "Dynamic Relational Contracts under Complete Information," SIRE Discussion Papers 2015-51, Scottish Institute for Research in Economics (SIRE).
  15. Pierre-Olivier Weill & Benjamin Lester & Julien Hugonnier, 2014. "Decentralized Asset Markets with a Continuum of Types," 2014 Meeting Papers 427, Society for Economic Dynamics.
  16. Benjamin Lester & Ludo Visschers & Ronald Wolthoff, 2014. "Competing with Asking Prices (first version)," ESE Discussion Papers 243, Edinburgh School of Economics, University of Edinburgh.
  17. Benjamin Lester & Ludo Visschers & Ronald Wolthoff, 2014. "Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets," Working Papers tecipa-508, University of Toronto, Department of Economics.
  18. Venky Venkateswaran & Ali Shourideh & Benjamin Lester, 2014. "OTC Trading vs. Exchanges: A welfare comparison," 2014 Meeting Papers 1107, Society for Economic Dynamics.
  19. Benjamin Lester & Guillaume Rocheteau & Pierre-Olivier Weill, 2014. "Competing for order flow in OTC markets," Working Papers 14-9, Federal Reserve Bank of Philadelphia, revised 13 Mar 2014.
  20. Julien Hugonnier & Benjamin Lester & Pierre-Olivier Weill, 2014. "Heterogeneity in Decentralized Asset Markets," NBER Working Papers 20746, National Bureau of Economic Research, Inc.
  21. Benjamin Lester & Ludo Visschers & Ronald Wolthoff, 2013. "Competing with asking prices," Working Papers 13-07, Federal Reserve Bank of Philadelphia, revised 2013.
  22. Ronald Wolthoff & Lodewijk Visschers & Benjamin Lester, 2012. "Asking Prices and Inspection Goods," 2012 Meeting Papers 792, Society for Economic Dynamics.
  23. Ronald Wolthoff & Benjamin Lester, 2012. "Interviews and the Assignment of Workers to Jobs," 2012 Meeting Papers 631, Society for Economic Dynamics.
  24. Kyungmin Kim & Benjamin Lester & Braz Camargo, 2012. "Subsidizing Price Discovery," 2012 Meeting Papers 338, Society for Economic Dynamics.
  25. Braz Camargo & Benjamin Lester, 2011. "Trading dynamics in decentralized markets with adverse selection," Working Papers 11-36, Federal Reserve Bank of Philadelphia, revised 2011.
  26. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2008. "Information, Liquidity and Asset Prices," PIER Working Paper Archive 08-039, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  27. Benjamin Lester, 2008. "Endogenous, State-Dependent Matching with Implications for the Cyclical Behavior of Unemployment," 2008 Meeting Papers 299, Society for Economic Dynamics.
  28. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2008. "Information, Liquidity, Asset Prices and Monetary Policy, Second Version," PIER Working Paper Archive 10-040, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 16 Dec 2010.
  29. Benjamin Lester, 2006. "A Model of Interbank Settlement," 2006 Meeting Papers 282, Society for Economic Dynamics.

Articles

  1. Julien Hugonnier & Benjamin Lester & Pierre-Olivier Weill, 2020. "Frictional Intermediation in Over-the-Counter Markets," Review of Economic Studies, Oxford University Press, vol. 87(3), pages 1432-1469.
  2. Benjamin Lester & Ali Shourideh & Venky Venkateswaran & Ariel Zetlin-Jones, 2019. "Screening and Adverse Selection in Frictional Markets," Journal of Political Economy, University of Chicago Press, vol. 127(1), pages 338-377.
  3. Benjamin Lester & Pierre-Olivier Weill & Ariel Zetlin-Jones, 2019. "RED Special Issue on Fragmented Financial Markets: An Introduction," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 1-3, July.
  4. Gara Afonso & Roc Armenter & Benjamin Lester, 2019. "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 177-204, July.
  5. Benjamin Lester, 2019. "Implementing Monetary Policy in a Changing Federal Funds Market," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 4(2), pages 15-20, April.
  6. Roc Armenter & Benjamin Lester, 2017. "Excess Reserves and Monetary Policy Implementation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 212-235, January.
  7. Lester, Benjamin & Visschers, Ludo & Wolthoff, Ronald, 2017. "Competing with asking prices," Theoretical Economics, Econometric Society, vol. 12(2), May.
  8. Braz Camargo & Kyungmin Kim & Benjamin Lester, 2016. "Information Spillovers, Gains from Trade, and Interventions in Frozen Markets," Review of Financial Studies, Society for Financial Studies, vol. 29(5), pages 1291-1329.
  9. Lester, Benjamin & Visschers, Ludo & Wolthoff, Ronald, 2015. "Meeting technologies and optimal trading mechanisms in competitive search markets," Journal of Economic Theory, Elsevier, vol. 155(C), pages 1-15.
  10. Benjamin Lester & Guillaume Rocheteau & Pierre‐Olivier Weill, 2015. "Competing for Order Flow in OTC Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(S2), pages 77-126, June.
  11. Benjamin Lester, 2015. "Why ask? the role of asking prices in transactions," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 1-4.
  12. Camargo, Braz & Lester, Benjamin, 2014. "Trading dynamics in decentralized markets with adverse selection," Journal of Economic Theory, Elsevier, vol. 153(C), pages 534-568.
  13. Benjamin Lester, 2013. "Breaking the ice: government interventions in frozen markets," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 19-25.
  14. Benjamin Lester & Nicola Persico & Ludo Visschers, 2012. "Information Acquisition and the Exclusion of Evidence in Trials," Journal of Law, Economics, and Organization, Oxford University Press, vol. 28(1), pages 163-182.
  15. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2012. "Information, Liquidity, Asset Prices, and Monetary Policy," Review of Economic Studies, Oxford University Press, vol. 79(3), pages 1209-1238.
  16. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2011. "Information and Liquidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 355-377, October.
  17. Benjamin Lester, 2011. "Information and Prices with Capacity Constraints," American Economic Review, American Economic Association, vol. 101(4), pages 1591-1600, June.
  18. Lester, Benjamin, 2010. "Directed search with multi-vacancy firms," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2108-2132, November.
  19. Lester Benjamin, 2009. "Settlement Systems," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-35, May.

Software components

  1. Gara Afonso & Roc Armenter & Benjamin Lester, 2019. "Code and data files for "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow"," Computer Codes 18-293, Review of Economic Dynamics.
  2. Roc Armenter & Benjamin Lester, 2016. "Code and data files for "Excess Reserves and Monetary Policy Implementation"," Computer Codes 15-294, Review of Economic Dynamics.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Rankings

This author is among the top 5% authors according to these criteria:
  1. Number of Distinct Works, Weighted by Simple Impact Factor
  2. Number of Distinct Works, Weighted by Recursive Impact Factor
  3. Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors
  4. Number of Citations, Weighted by Simple Impact Factor, Discounted by Citation Age
  5. Number of Citations, Weighted by Recursive Impact Factor
  6. Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age
  7. Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age
  8. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age
  9. Number of Journal Pages, Weighted by Simple Impact Factor
  10. Number of Journal Pages, Weighted by Recursive Impact Factor
  11. Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 44 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MIC: Microeconomics (18) 2013-01-26 2013-02-16 2013-03-23 2013-05-11 2013-06-09 2014-04-11 2014-05-17 2014-05-24 2014-05-24 2014-08-20 2014-08-28 2015-07-25 2015-09-18 2015-11-21 2016-03-29 2016-04-09 2016-04-23 2017-10-22. Author is listed
  2. NEP-COM: Industrial Competition (15) 2013-02-16 2013-03-23 2013-06-09 2014-05-17 2014-05-24 2014-05-24 2014-08-28 2015-02-28 2015-07-25 2015-09-18 2015-11-21 2016-03-29 2016-04-09 2016-04-23 2017-10-22. Author is listed
  3. NEP-DGE: Dynamic General Equilibrium (10) 2008-10-28 2013-05-11 2014-11-12 2015-01-03 2015-05-30 2016-07-23 2016-07-30 2016-10-23 2019-04-15 2019-09-30. Author is listed
  4. NEP-CTA: Contract Theory & Applications (9) 2011-09-22 2013-05-11 2014-05-24 2014-08-28 2015-11-21 2016-04-09 2016-04-23 2016-07-30 2017-10-22. Author is listed
  5. NEP-MAC: Macroeconomics (8) 2007-01-13 2008-10-28 2015-09-11 2015-12-08 2016-12-11 2018-03-05 2018-03-12 2020-02-17. Author is listed
  6. NEP-MST: Market Microstructure (8) 2014-03-30 2014-12-19 2015-02-28 2016-11-27 2018-04-02 2018-06-25 2018-08-13 2019-04-08. Author is listed
  7. NEP-MON: Monetary Economics (7) 2008-10-28 2015-09-11 2015-12-08 2016-12-11 2018-03-05 2018-03-12 2020-02-17. Author is listed
  8. NEP-CBA: Central Banking (5) 2007-01-13 2008-10-28 2015-09-11 2015-12-08 2016-12-11. Author is listed
  9. NEP-GTH: Game Theory (3) 2014-08-20 2014-08-25 2015-07-25
  10. NEP-CSE: Economics of Strategic Management (2) 2014-05-17 2014-08-20
  11. NEP-FMK: Financial Markets (2) 2014-03-30 2014-12-19
  12. NEP-HRM: Human Capital & Human Resource Management (2) 2013-05-11 2018-08-27
  13. NEP-BAN: Banking (1) 2007-01-13
  14. NEP-BEC: Business Economics (1) 2013-05-11
  15. NEP-GER: German Papers (1) 2014-04-11

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