E
|
Department of Economics
|
Areas of Interest:
Recent Publications: "Money as a Mechanism in a Bewley Economy," with Ruilin Zhou, International Economic Review, 46 (2005) 351-71. "Implementing the Efficient Allocation in a Model of Financial Intermediation," with Ping Lin, http://econwpa.wustl.edu/eprints/fin/papers/9610/961006.pdf, Journal of Economic Theory, 109 (2003) 1-23. "Formulating the Imputed Cost of Equity for Priced Services at Federal Reserve Banks," with José A. Lopez and Zhenyu Wang, Federal Reserve Bank of New York Economic Policy Review, 9 (2003) 55-81. "Economic Perspective on the Political History of the Second Bank of the United States," Federal Reserve Bank of Chicago Economic Perspectives, 27, 59-67. "Dynamic Monetary Equilibrium in a Random-Matching Economy," with Ruilin Zhou, http://www.chicagofed.org/publications/workingpapers/papers/wp2000 01.pdf, Econometrica, 70 (2002) 929-69. "Payment Arrangements and Inflation," American Economic Review Papers and Proceedings, 92 (2002) 51-57. "Financial-Intermediation Regime and Efficiency in a Boyd-Prescott Economy," with Yeong-Yuh Chiang, http://www.chicagofed.org/publications/workingpapers/papers/wp2000 19.pdf, Carnegie-Rochester Conference Series on Public Policy, 54 (2001) 117-29. "Sharing the Risk of Settlement Failure," with Hiroshi Fujiki and Akira Ya- mazaki, http://minneapolisfed.org/research/wp/wp594.pdf (1999). "Money and Debt in the Structure of Payments," http://minneapolisfed.org/research/qr/qr2322.pdf, Bank of Japan Monetary and Economic Studies, 15 (1997) 63-87. Reprinted in Federal Reserve Bank of Minneapolis Quarterly Review, 23 (1999) 13-29. "A Rudimentary Random-Matching Model with Divisible Money and Prices," with Ruilin Zhou, http://econwpa.wustl.edu/eprints/ge/9606/9606001.pdf, Journal of Economic Theory, 81 (1998) 252-71. Research in Progress: ********** |
|
Department of Economics, Penn State University, 608 kern Graduate Building, University Park, PA 16802-3306 Phone: (814) 865-1456 Fax: (814) 863-4775 |