{"id":"https://openalex.org/W2152042845","doi":"https://doi.org/10.1016/s0022-0531(03)00029-2","title":"Societal benefits of illiquid bonds","display_name":"Societal benefits of illiquid bonds","publication_year":2003,"publication_date":"2003-02-01","ids":{"openalex":"https://openalex.org/W2152042845","doi":"https://doi.org/10.1016/s0022-0531(03)00029-2","mag":"2152042845"},"language":"en","primary_location":{"id":"doi:10.1016/s0022-0531(03)00029-2","is_oa":false,"landing_page_url":"https://doi.org/10.1016/s0022-0531(03)00029-2","pdf_url":null,"source":{"id":"https://openalex.org/S149131268","display_name":"Journal of Economic Theory","issn_l":"0022-0531","issn":["0022-0531","1095-7235"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Theory","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067032895","display_name":"Narayana Kocherlakota","orcid":"https://orcid.org/0000-0001-9253-8139"},"institutions":[{"id":"https://openalex.org/I1341575764","display_name":"Federal Reserve Bank of Minneapolis","ror":"https://ror.org/0380n5h16","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I1341575764"]},{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Narayana R. Kocherlakota","raw_affiliation_strings":["Federal Reserve Bank of Minneapolis, Minneapolis, MN 55480, USA","Stanford University, Stanford, CA 94305, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Bank of Minneapolis, Minneapolis, MN 55480, USA","institution_ids":["https://openalex.org/I1341575764"]},{"raw_affiliation_string":"Stanford University, Stanford, CA 94305, USA","institution_ids":["https://openalex.org/I97018004"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5067032895"],"corresponding_institution_ids":["https://openalex.org/I1341575764","https://openalex.org/I97018004"],"apc_list":{"value":2810,"currency":"USD","value_usd":2810},"apc_paid":null,"fwci":13.1234,"has_fulltext":false,"cited_by_count":126,"citation_normalized_percentile":{"value":0.9822039,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"108","issue":"2","first_page":"179","last_page":"193"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9998999834060669,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.9976999759674072,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9934999942779541,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bond","display_name":"Bond","score":0.844390869140625},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"Market liquidity","score":0.7263596653938293},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.6674961447715759},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.6223365068435669},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"Monetary policy","score":0.46137842535972595},{"id":"https://openalex.org/keywords/distribution","display_name":"Distribution (mathematics)","score":0.4553118944168091},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.341608464717865},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.11687013506889343}],"concepts":[{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.844390869140625},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.7263596653938293},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6674961447715759},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6223365068435669},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.46137842535972595},{"id":"https://openalex.org/C110121322","wikidata":"https://www.wikidata.org/wiki/Q865811","display_name":"Distribution (mathematics)","level":2,"score":0.4553118944168091},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.341608464717865},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11687013506889343},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1016/s0022-0531(03)00029-2","is_oa":false,"landing_page_url":"https://doi.org/10.1016/s0022-0531(03)00029-2","pdf_url":null,"source":{"id":"https://openalex.org/S149131268","display_name":"Journal of Economic Theory","issn_l":"0022-0531","issn":["0022-0531","1095-7235"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Theory","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W1530530772","https://openalex.org/W1754354078","https://openalex.org/W1981900721","https://openalex.org/W1989442752","https://openalex.org/W2011851009","https://openalex.org/W2056603690","https://openalex.org/W2060932868","https://openalex.org/W2087761997","https://openalex.org/W3121872951","https://openalex.org/W3121969310","https://openalex.org/W3123322809","https://openalex.org/W6637943444","https://openalex.org/W6645765906"],"related_works":["https://openalex.org/W3124412586","https://openalex.org/W3121133239","https://openalex.org/W3121222132","https://openalex.org/W2163551014","https://openalex.org/W3168562685","https://openalex.org/W3023012265","https://openalex.org/W3123338875","https://openalex.org/W2292493831","https://openalex.org/W1572939612","https://openalex.org/W3122303435"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":8},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":8},{"year":2013,"cited_by_count":9},{"year":2012,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
