Department of Economics
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Department of Economics
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Areas of Interest:
Recent Papers: "Perfectly Competitive Bilateral Exchange Without Discounting," with Edward J. Green "Equilibrium Lending Mechanism and Aggregate Activity," with Cheng Wang "Money as a Mechanism in a Bewley Economy," (with Edward J. Green), International Economic Review, 46, 2005, pp. 351-371.
"A Stable Money Demand: Looking for the Right Monetary Aggregate," (with Pedro Teles), Economic Perspectives, Federal Reserve Bank of Chicago, first quarter 2005, pp. 50-63.
"Does
Commodity Money Eliminate the Indeterminacy of Equilibria?'' Journal of
Economic Theory, 110, 2003, pp.176--190. "Dynamic
Monetary Equilibrium in a Random-Matching Economy,'' (with Edward J. Green), Econometrica,
70, 2002, pp. 929--969. "When
Can We Forecast Inflation?'' (with Jonas Fisher and Chin Liu), Economic
Perspectives, Federal Reserve Bank of Chicago, first quarter 2002, pp.
32-42. "Understanding
Intraday Credit in Large-Value Payment Systems,'' Economic Perspectives,
Federal Reserve Bank of Chicago, third quarter 2000, pp. 29-44 "Individual
and Aggregate Real Balances in a Random-Matching Model,''
International Economic Review, 40, 1999, 1009--1038. "A Rudimentary Random-Matching Model with Divisible Money and Prices,'' (with Edward J. Green), Journal of Economic Theory, 81, 1998, pp. 252-271. "A
Model of Currency Shortage,'' (with Neil Wallace), Journal of Monetary
Economics, 40, 555-572, pp. 1997. "Currency
Exchange in a Random Search Model,'' Review
of Economic Studies, 64, 1997, 289-310. ********** |
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Department of Economics, Penn State University, 608 kern Graduate Building, University Park, PA 16802-3306 Phone: (814) 865-1456 Fax: (814) 863-4775 |
