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Neil Wallace |
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| Professor of Economics | |
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Joined the faculty in 1997 Ph.D., 1964, University of Chicago |
612 Kern Graduate Building Phone: (814) 863-3805 Fax: (814) 863-4775 E-mail: neilw@psu.edu Office hours for Summer 2013: by appointment |
Areas of Interest:
- Monetary Economics
Recent Papers:
"Interest on cash with endogenous fi scal policy," with Alexei Deviatov July 8, 2010, Unpublished Manuscript
"Information Aggregation in a Large two-stage Market Game," with Tai-Wei Hu
"Optimal Inflation in a Model of Inside Money," with Alexei Deviatov, unpublished Manuscipt
"The Optimality of inflation in 'Pure Currency' Economies: A Conjecture," unpublished Manuscipt
"The Mechanism-design Approach to Monetary Economics," in Handbook of Monetary Economics, volume 3a, edited by Ben Friedman and Michael Woodford, 20. (Elsevier, 2011). 3-23.
"Fiat Money", entry in The New Palgrave Dictionary of Economics.
"A Model in Which Monetary Policy Is About Money," with Alexei Deviatov, Journal of Monetary Economics, April 2009.
"Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model," with Tai-wei Hu and John Kennan, Journal of Political Economy, February 2009. (A Small Correction to “Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model,”)
"The Role of Independence in the Green-Lin Diamond-Dybvig Model," with David Andolfatto and Ed Nosal, Journal of Economic Theory, November 2007.
"Pairwise Trade and Coexistence of Money and Higher-Return Assets," with T. Zhu, Journal of Economic Theory, 133 (2007), 524-535.
Appendix to 'Pairwise Trade and Coexistence of Money and Higher-Return Assets', with T. Zhu.
"Float on a Note," with T. Zhu, Journal of Monetary Economics, 54 (2007), 229-246.
"A Model of (the Threat of) Counterfeiting," with E. Nosal , Journal of Monetary Economics, 54 (2007), 994-1001.
Notes for undergraduate monetary theory:
- I. The Classical Dichotomy
- II. Competitive Trade Using Money
- III. Uncertainty, Expected Utility, and Competitive Equilibrium
- IV. Lucas's Signal-Extraction Model