"Karl Shell – interviewed by Stephen E. Spear and Randall Wright", Macroeconomic Dynamics, Vol. 5(5), November 2001, 701-741.

J. Peck, "Non-Connectedness of the Set of Equilibrium Money Prices: The Static Economy," Journal of Economic Theory, December 1987, 348-354.

R. Garratt, "The Connectedness of the Set of Equilibrium Money Prices Depends on the Choice of the Numeraire," Journal of Economic Theory, February 1992, 206-217.

P. Diamond and J. Mirrlees, "Optimal Taxation and Public Production I: Production Efficiency," American Economic Review, March 1971, 8-27.

P. Diamond and J. Mirrlees, "Optimal Taxation and Public Production II: Tax Rules," American Economic Review, June 1971, 261-278.

J. Mirrlees, "An Exploration in the Theory of Optimal Income Taxation," Review of Economic Studies, April 1971, 175-208.

A. Ando and K. Shell, "Demand for Money in a General Portfolio Model in the Presence of an Asset that Dominates Money," Appendix to Chapter 12 in The Brookings Model: Perspective and Recent Developments, (G. Fromm and L. R. Klein, eds.) North Holland, 1975, 560-563.

K. Shell, "Applications of Pontryagin's Maximum Principle to Economics," in Mathematical Systems Theory and Economics I, (H. W. Kuhn and G. P. Szego, eds.) Springer Velag, 1969, 255-270.

2. Overlapping Generations

D. Cass, M. Okuno and I. Zilcha, "The Role of Money in Supporting the Pareto Optimality of Competitive Equilibrium in Consumption-Loan Type Models," Journal of Economic Theory, February 1979, 41-80.

Y. Balasko and K. Shell, "The Overlapping-Generations Model, I: The Case of Pure Exchange without Money, " Journal of Economic Theory, December 1980, 281-306.

Y. Balasko and K. Shell, "The Overlapping-Generations Model, II: The Case of Pure Exchange with Money," Journal of Economic Theory, February 1981, 112-142. See also "Erratum," Journal of Economic Theory, December 1981, 471.

Y. Balasko and K. Shell, "Lump-Sum Taxes and Transfers: Public Debt in the Overlapping-Generations Model," in Essays in Honor of Kenneth J. Arrow, Vol. II: Equilibrium Analysis (W. Heller, R. Starr, and D. Starrett, eds.), New York: Cambridge University Press, 1986, Chapter 5, 121-153.

C. Ghiglino and K. Shell, "The Economic Effects of Restrictions on Government Budget Deficits," Journal of Economic Theory, September 2000, 106-137.

C. Ghiglino and K. Shell, "The Economic Effects of Restrictions on Government Budget Deficits: Imperfect Private Credit Markets", Economic Theory, Vol. 21 (2-3), March 2003, 399-421.

C. Ghiglino and K. Shell, "Optimal Taxation in the Face of Restrictions on the Budget Deficit," October 2004.

3. Sunspots

C. Azariadis and R. Guesnerie, "Sunspots and Cycles", Review of Economic Studies, October 1986, 725-738.

G. Antinolfi and T. Keister, “Options and Sunspots in a Simple Monetary Economy,” Economic Theory, Vol. 11(2), 1998, 295-315.

J. Peck and K. Shell, "Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Comptetitive Economies," The Review of Economic Studies, Vol. 58(5), October 1991, 1011-1019.

R. Garratt, T. Keister, and K. Shell, "Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case," International Economic Review, Vol. 45(2), May 2004, 351-386.

4. Economic Growth

R. Courant, Differential and Integral Calculus, Chapter VII (Volume 2) on "Calculus of Variations," New York: Wiley - Interscience, 1968, 491-521.

L. Pontryagin et al., The Mathematical Theory of Optimal Processes, New York: Wiley - Interscience, 1962.

K. Shell, "Applications of Pontryagin's Maximum Principle to Economics," in Mathematical Systems Theory and Economics I, (H. W. Kuhn and G. P. Szego, eds.) Springer Velag, 1969, 241-292.

K. Shell and J. Stiglitz, "The Allocation of Investment in a Dynamic Economy," Quarterly Journal of Economics, November 1967, 592-609.

K. Shell, M. Sidrauski, and J. Stiglitz, "Capital Gains, Income, and Saving," Review of Economic Studies, January 1969, 15-26.

P. Auerswald, S. Kauffman, J. Lobo, and K. Shell, "The Production Recipe Approach to Modeling Technological Innovation: An Application to Learning by Doing," Journal of Economic Dynamics and Control, Vol. 24(3), December 1999, 389-450.

G. Antinolfi, T. Keister and K. Shell, "Growth Dynamics and Returns to Scale: A Bifurcation Analysis," Journal of Economic Theory, (doi:10.1006/jeth.1999.2632), Vol. 96(1), January 2001, 70-96.

5. Banking

Douglas W. Diamond and Philip H. Dybvig. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy 91 (June 1983): 401-19.

N. Wallace, "Another Attempt to Explain an Illiquid Banking System: The Diamond and Dybvig Model with Sequential Service Taken Seriously," Federal Reserve Bank of Minneapolis Quarterly Review, Fall 1988, 3-16.

N. Wallace, "A Banking Model in Which Partial Suspension is Best," Federal Reserve Bank of Minneapolis Quarterly Review, Fall 1990, 11-23.

J. Peck and K. Shell, "Equilibrium Bank Runs," Journal of Political Economy, February 2003, 103-123.

J. Peck and K. Shell, "Bank Portfolio Restrictions and Equilibrium Bank Runs," Working Paper No. 99-07, Ithaca: Cornell University, Center for Analytic Economics, July 1999. Revised June 2003.

6. Money and Search

N. Kiyotaki and R. Wright, "On Money as a Medium of Exchange," Journal of Political Economy, August 1989, 927-954.

G. Rocheteau, P. Rupert, K. Shell and R. Wright, "A Simple Model of Monetary Exchange Based on Nonconvexities and Sunspots," November 2004.