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photo of Neil Wallace

 

 

 

 

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 2014: by appointment

Curriculum Vitae

Areas of Interest:

  • Monetary Economics

 

Recent Papers:

"An Attractive Monetary Model with Surprising Implications for Optima: two examples," October, 2013

"Information Aggregation in a Large Two-Stage Market Game," with Tai-Wei Hu, September 2013

"Optimal Inflation in a Model of Inside Money," with Alexei Deviatov, Review of Economic Dynamics, forthcoming

"Optimal Money-Creation in 'Pure-Currency' Economies: A Conjecture," Quarterly Journal of Economics, forthcoming

"Interest on cash with endogenous fi┬ůscal policy," with Alexei Deviatov July 8, 2010, Unpublished Manuscript

"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: