Hoelle, M. (2014): The Relation between Sunspot Effects and Multiplicity in Incomplete Markets Models with Numeraire Assets, Journal of Mathematical Economics, 50, 119-127.
Hoelle, M. (2012): Transaction Costs and Planner Intervention, Economic Theory 50(3), 603-634.
Hoelle, M. (2010): Bankruptcy and Transaction Costs in General Financial Models, Publicly accessible Penn Dissertations, Paper 119.
Revise and resubmit at Journal of Economic Theory.
joint with Zhigang Feng.
Please cite as: Feng, Z., Hoelle, M. (2013): "Indeterminacy and asset price volatility in stochastic overlapping generations models," Krannert Working Paper Series, Paper No. 1272.
joint with Udara Peiris.
Please cite as:
Hoelle, M., Peiris, M.U. (2013): "On the efficiency of nominal GDP targeting in a large open economy," Krannert Working Paper Series, Paper No. 1273.
joint with Marina Pireddu and Antonio Villanacci.
Please cite as: Hoelle, M., M. Pireddu, and A. Villanacci (2012): "Incomplete financial markets with real assets and wealth-dependent credit limits," Krannert Working Paper Series, Paper No. 1271.