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Benjamin R. Lester

Personal Details

First Name:Benjamin
Middle Name:R.
Last Name:Lester
Suffix:
RePEc Short-ID:ple283
[This author has chosen not to make the email address public]
http://benjaminrlester.com
Twitter: @benjamminlester
Terminal Degree:2007 Department of Economics; University of Pennsylvania (from RePEc Genealogy)

Affiliation

(20%) Department of Economics
University of Western Ontario

London, Canada
https://economics.uwo.ca/
RePEc:edi:deuwoca (more details at EDIRC)

(21%) Department of Economics
University of Pennsylvania

Philadelphia, Pennsylvania (United States)
http://www.econ.upenn.edu/
RePEc:edi:deupaus (more details at EDIRC)

(59%) Research Department
Federal Reserve Bank of Philadelphia

Philadelphia, Pennsylvania (United States)
http://www.philadelphiafed.org/research-and-data/
RePEc:edi:rfrbpus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Software

Working papers

  1. Mahyar Kargar & Benjamin Lester & Sébastien Plante & Pierre-Olivier Weill, 2023. "Sequential Search for Corporate Bonds," NBER Working Papers 31904, National Bureau of Economic Research, Inc.
  2. Benjamin Lester & David A. Rivers & Giorgio Topa, 2021. "The Heterogeneous Impact of Referrals on Labor Market Outcomes," Staff Reports 987, Federal Reserve Bank of New York.
  3. Weill, Pierre-Olivier & Kargar, Mahyar & Lester, Benjamin & Lindsay, David & Liu, Shuo & Zúñiga, Diego, 2020. "Corporate Bond Liquidity During the COVID-19 Crisis," CEPR Discussion Papers 15231, C.E.P.R. Discussion Papers.
  4. Gara M. Afonso & Roc Armenter & Benjamin Lester, 2018. "A model of the federal funds market: yesterday, today, and tomorrow," Staff Reports 840, Federal Reserve Bank of New York.
  5. Julien Hugonnier & Benjamin R. Lester & Pierre-Olivier Weill, 2018. "Frictional Intermediation in Over-the-Counter Markets," Swiss Finance Institute Research Paper Series 18-52, Swiss Finance Institute.
  6. Benjamin Lester & David Rivers & Giorgio Topa, 2018. "Job Referrals and Skills," 2018 Meeting Papers 306, Society for Economic Dynamics.
  7. Benjamin Lester & Ali Shourideh & Venky Venkateswaran & Ariel Zetlin-Jones, 2018. "Market-making with Search and Information Frictions," Working Papers 18-20, Federal Reserve Bank of Philadelphia.
  8. 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.
  9. 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.
  10. 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.
  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. Benjamin Lester & Ludo Visschers & Ronald P. Wolthoff, 2016. "Competing with Asking Prices," CESifo Working Paper Series 5945, CESifo.
  13. Ronald Wolthoff & Benjamin Lester, 2016. "Interviews and the Assignment of Workers to Firms," 2016 Meeting Papers 221, Society for Economic Dynamics.
  14. Roc Armenter & Benjamin Lester, 2016. "Excess Reserves and Monetary Policy Implementation," Working Papers 16-33, Federal Reserve Bank of Philadelphia.
  15. 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.
  16. Roc Armenter & Benjamin Lester, 2015. "Excess reserves and monetary policy normalization," Working Papers 15-35, Federal Reserve Bank of Philadelphia.
  17. 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).
  18. Lester, Benjamin & Visschers, Ludo & Wolthoff, Ronald, 2014. "Meeting technologies and optimal trading mechanisms in competitive search markets," UC3M Working papers. Economics we1409, Universidad Carlos III de Madrid. Departamento de Economía.
  19. Pierre-Olivier Weill & Benjamin Lester & Julien Hugonnier, 2014. "Decentralized Asset Markets with a Continuum of Types," 2014 Meeting Papers 427, Society for Economic Dynamics.
  20. Benjamin Lester & Ludo Visschers & Ronald Wolthoff, 2014. "Competing with Asking Prices (first version)," Edinburgh School of Economics Discussion Paper Series 243, Edinburgh School of Economics, University of Edinburgh.
  21. Venky Venkateswaran & Ali Shourideh & Benjamin Lester, 2014. "OTC Trading vs. Exchanges: A welfare comparison," 2014 Meeting Papers 1107, Society for Economic Dynamics.
  22. Julien HUGONNIER & Benjamin LESTER & Pierre-Olivier WEILL, 2014. "Heterogeneity in Decentralized Asset Markets," Swiss Finance Institute Research Paper Series 14-67, Swiss Finance Institute.
  23. Benjamin Lester & Guillaume Rocheteau & Pierre-Olivier Weill, 2014. "Competing for order flow in OTC markets," Working Papers 14-9, Federal Reserve Bank of Philadelphia.
  24. Braz Camargo & Kyungmin (Teddy) Kim & Benjamin Lester, 2013. "Subsidizing price discovery," Working Papers 13-20, Federal Reserve Bank of Philadelphia.
  25. Ronald Wolthoff & Lodewijk Visschers & Benjamin Lester, 2012. "Asking Prices and Inspection Goods," 2012 Meeting Papers 792, Society for Economic Dynamics.
  26. Ronald Wolthoff & Benjamin Lester, 2012. "Interviews and the Assignment of Workers to Jobs," 2012 Meeting Papers 631, Society for Economic Dynamics.
  27. Braz Camargo & Benjamin Lester, 2011. "Trading dynamics in decentralized markets with adverse selection," Working Papers 11-36, Federal Reserve Bank of Philadelphia.
  28. Benjamin Lester, 2008. "Endogenous, State-Dependent Matching with Implications for the Cyclical Behavior of Unemployment," 2008 Meeting Papers 299, Society for Economic Dynamics.
  29. 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.
  30. 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.
  31. Benjamin Lester, 2006. "A Model of Interbank Settlement," 2006 Meeting Papers 282, Society for Economic Dynamics.

Articles

  1. Benjamin Lester, 2024. "It’s Not Just Who You Know, It’s How You Know Them," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 9(1), pages 12-17, March.
  2. Lester, Benjamin & Shourideh, Ali & Venkateswaran, Venky & Zetlin-Jones, Ariel, 2023. "Market-making with search and information frictions," Journal of Economic Theory, Elsevier, vol. 212(C).
  3. Lester, Benjamin & Weill, Pierre-Olivier & Hugonnier, Julien, 2022. "Heterogeneity in decentralized asset markets," Theoretical Economics, Econometric Society, vol. 17(3), July.
  4. Benjamin Lester, 2021. "When COVID-19 Reached the Corporate Bond Market," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 6(3), pages 2-9, September.
  5. Mahyar Kargar & Benjamin Lester & David Lindsay & Shuo Liu & Pierre-Olivier Weill & Diego Zúñiga, 2021. "Corporate Bond Liquidity during the COVID-19 Crisis [The day coronavirus nearly broke the financial markets]," The Review of Financial Studies, Society for Financial Studies, vol. 34(11), pages 5352-5401.
  6. Julien Hugonnier & Benjamin Lester & Pierre-Olivier Weill, 2020. "Frictional Intermediation in Over-the-Counter Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(3), pages 1432-1469.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. Lester, Benjamin & Visschers, Ludo & Wolthoff, Ronald, 2017. "Competing with asking prices," Theoretical Economics, Econometric Society, vol. 12(2), May.
  13. Braz Camargo & Kyungmin Kim & Benjamin Lester, 2016. "Information Spillovers, Gains from Trade, and Interventions in Frozen Markets," The Review of Financial Studies, Society for Financial Studies, vol. 29(5), pages 1291-1329.
  14. 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.
  15. 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.
  16. Benjamin Lester, 2015. "Why ask? the role of asking prices in transactions," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 1-4.
  17. Camargo, Braz & Lester, Benjamin, 2014. "Trading dynamics in decentralized markets with adverse selection," Journal of Economic Theory, Elsevier, vol. 153(C), pages 534-568.
  18. Benjamin Lester, 2013. "Breaking the ice: government interventions in frozen markets," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 19-25.
  19. Benjamin Lester & Nicola Persico & Ludo Visschers, 2012. "Information Acquisition and the Exclusion of Evidence in Trials," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 28(1), pages 163-182.
  20. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2012. "Information, Liquidity, Asset Prices, and Monetary Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 1209-1238.
  21. Benjamin Lester & Andrew Postlewaite & Randall Wright, 2011. "Information and Liquidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 355-377, October.
  22. Benjamin Lester, 2011. "Information and Prices with Capacity Constraints," American Economic Review, American Economic Association, vol. 101(4), pages 1591-1600, June.
  23. Lester, Benjamin, 2010. "Directed search with multi-vacancy firms," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2108-2132, November.
  24. 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
  5. Number of Citations, Weighted by Simple Impact Factor, Discounted by Citation Age
  6. Number of Citations, Weighted by Recursive Impact Factor
  7. Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age
  8. Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age
  9. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors
  10. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age
  11. Number of Journal Pages, Weighted by Simple Impact Factor
  12. Number of Journal Pages, Weighted by Recursive Impact Factor
  13. 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 50 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 (13) 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 2020-07-27 2021-10-11 2021-11-29. Author is listed
  4. NEP-MAC: Macroeconomics (11) 2007-01-13 2008-10-28 2015-09-11 2015-12-08 2016-12-11 2018-03-05 2018-03-12 2020-02-17 2020-07-27 2021-10-11 2021-11-29. Author is listed
  5. NEP-CTA: Contract Theory and 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
  6. NEP-MST: Market Microstructure (9) 2014-03-30 2014-12-19 2015-02-28 2016-11-27 2018-04-02 2018-06-25 2018-08-13 2019-04-08 2021-05-31. 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-FMK: Financial Markets (4) 2014-03-30 2014-12-19 2020-07-27 2024-01-08
  10. NEP-GTH: Game Theory (3) 2014-08-20 2014-08-25 2015-07-25
  11. NEP-CFN: Corporate Finance (2) 2020-07-27 2021-05-31
  12. NEP-CSE: Economics of Strategic Management (2) 2014-05-17 2014-08-20
  13. NEP-HRM: Human Capital and Human Resource Management (2) 2013-05-11 2018-08-27
  14. NEP-NET: Network Economics (2) 2021-10-11 2021-11-29
  15. NEP-ORE: Operations Research (2) 2021-10-11 2021-11-29
  16. NEP-URE: Urban and Real Estate Economics (2) 2021-10-11 2021-11-29
  17. NEP-BAN: Banking (1) 2007-01-13
  18. NEP-BEC: Business Economics (1) 2013-05-11
  19. NEP-GER: German Papers (1) 2014-04-11

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