My main research interests include macroeconomics and monetary theory. Recent papers cover the following topics: (i) the exploration of an optimal state dependent monetary policy, (ii) the implication of endogenous human capital accumulation for unemployment insurance, and (iii) the effects of a sluggish customer base on price setting.
Nicholas Trachter is a senior economist in the Research Department. He joined the Richmond Fed in 2013 after working as an assistant professor of economics at the Einaudi Institute for Economics and Finance, a research institute funded by the Bank of Italy.
Ph.D., University of Chicago, 2010
M.A., University of Chicago, 2007
M.A., Universidad Torcuato Di Tella (Argentina), 2004
B.A., Universidad Torcuato Di Tella (Argentina), 2003
"Equilibrium Price Dispersion with Sequential Search" (with Guido Menzio). Journal of Economic Theory 160, part A (December 2015): 188-215.
"Optimal Monetary Policy with Heterogeneous Money Holdings" (with Francesco Lippi and Stefania Ragni). Journal of Economic Theory 159, part A (September 2015): 339-368.
"Stepping Stone and Option Value in a Model of Postsecondary Education." Quantitative Economics 6, no. 1 (March 2015): 223-256.
"Commodity Money with Frequent Search" (with Ezra Oberfield). Journal of Economic Theory 147, no. 6 (November 2012): 2332-2356.