|
|
|
|
Neil Wallace |
|
| Professor of Economics | |
|
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 Spring 2012: T, R 2:30 - 4:00 PM |
Areas of Interest:
- Monetary Economics
Recent Papers:
"Interest on Cash With Endogenous Fiscal Policy," with Alexei Deviatov
"Information Revelation in the Diamond-Dybvig Banking Model," with Ed Nosal
"The Mechanism-design Approach to Monetary Economics," forthcoming in , The New handbook of Monetary Economics, edited by Ben Friedman and Michael Woodford.
"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