Details about David Andolfatto

E-mail:
Homepage:	http://research.stlouisfed.org/econ/andolfatto/
Phone:	314 873 8627
Postal address:	Federal Reserve Bank of St. Louis P.O. Box 442 Saint Louis MO 63166
Workplace:	Department of Economics, Miami Herbert Business School, University of Miami, (more information at EDIRC)

Access statistics for papers by David Andolfatto.

Last updated 2022-10-20. Update your information in the RePEc Author Service.

Short-id: pan9

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Jump to Journal Articles Books

Working Papers

2022

1. A Two-Tranche View of National Debt
   Speech, Federal Reserve Bank of St. Louis
   Also in Speech, Federal Reserve Bank of St. Louis (2022)

2020

2. Assessing the Impact of Central Bank Digital Currency on Private Banks
   Working Papers, Federal Reserve Bank of St. Louis View citations (18)
   See also Journal Article in The Economic Journal (2021)
3. Hot Money for a Cold Economy
   Working Papers, Federal Reserve Bank of St. Louis
4. Maturity Structure and Liquidity Risk
   Working Papers, Federal Reserve Bank of St. Louis
5. Shadow Bank Runs
   Working Papers, Federal Reserve Bank of St. Louis
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2020)

2018

6. Bank Runs without Sequential Service
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
   Also in Working Papers, Federal Reserve Bank of St. Louis (2018)
7. Monetary Policy and Liquid Government Debt
   Working Papers, Federal Reserve Bank of St. Louis View citations (10)
   See also Journal Article in Journal of Economic Dynamics and Control (2018)
8. Reconciling Orthodox and Heterodox Views on Money and Banking
   Working Papers, Federal Reserve Bank of St. Louis View citations (3)
   See also Journal Article in Review of Economic Analysis (2018)
9. Understanding Lowflation
   Working Papers, Federal Reserve Bank of St. Louis
   See also Journal Article in Review (2019)

2017

10. Bank Panics and Scale Economies
    Working Papers, Federal Reserve Bank of St. Louis
11. Bank Panics with Scale Economies
    2017 Meeting Papers, Society for Economic Dynamics
12. Money, Banking and Financial Markets
    Working Papers, Federal Reserve Bank of St. Louis View citations (3)
    Also in ECON - Working Papers, Department of Economics - University of Zurich (2017) View citations (11)
    See also Journal Article in Review of Economic Studies (2020)
13. Rehypothecation and liquidity
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (14)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2015) View citations (15)
    See also Journal Article in European Economic Review (2017)

2016

14. Financial Fragility in Monetary Economies
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)

2015

15. Monetary policy with asset-backed money
    ECON - Working Papers, Department of Economics - University of Zurich
    Also in Working Papers, Federal Reserve Bank of St. Louis (2013)
    See also Journal Article in Journal of Economic Theory (2016)
16. Scarcity of Safe Assets, Inflation, and the Policy Trap
    Working Papers, Federal Reserve Bank of St. Louis View citations (40)
    See also Journal Article in Journal of Monetary Economics (2015)

2014

17. Equilibrium Bank Runs Revisied
    2014 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Federal Reserve Bank of St. Louis (2014) View citations (17)
18. Preventing Bank Runs
    Working Paper Series, Federal Reserve Bank of Chicago View citations (8)
    See also Journal Article in Theoretical Economics (2017)
19. Rehypothecation
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)

2013

20. Monetary Policy in Private Money Economies
    2013 Meeting Papers, Society for Economic Dynamics View citations (1)

2012

21. Information disclosure and exchange media
    Working Papers, Federal Reserve Bank of St. Louis View citations (2)
    See also Journal Article in Review of Economic Dynamics (2013)
22. Optimal disclosure policy and undue diligence
    Working Papers, Federal Reserve Bank of St. Louis
    Also in ECON - Working Papers, Department of Economics - University of Zurich (2011) View citations (1)
    See also Journal Article in Journal of Economic Theory (2014)

2011

23. The simple analytics of money and credit in a quasi-linear environment
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
24. Undue Diligence
    2011 Meeting Papers, Society for Economic Dynamics View citations (8)

2010

25. On the Social Cost of Transparency in Monetary Economies
    2010 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2010) View citations (12)

2009

26. Essential interest-bearing money
    Working Papers, Federal Reserve Bank of St. Louis
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2008) View citations (3)
    MPRA Paper, University Library of Munich, Germany (2007) View citations (1)
    See also Journal Article in Journal of Economic Theory (2010)
27. Money and Capital as Competing Media of Exchange in a News Economy
    Discussion Papers, Department of Economics, Simon Fraser University View citations (2)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (2)
28. On the Societal Benefits of Illiquid Bonds
    Working Paper series, Rimini Centre for Economic Analysis View citations (2)

2008

29. Essential Interest-Bearing Money (2008)
    MPRA Paper, University Library of Munich, Germany View citations (2)
30. MOBILITY AND TENURE CHOICE
    ERES, European Real Estate Society (ERES)
31. Macroeconomic Theory and Policy (2nd Edition)
    MPRA Paper, University Library of Munich, Germany View citations (3)
32. Money, Intermediation, and Banking
    MPRA Paper, University Library of Munich, Germany
    See also Journal Article in Journal of Monetary Economics (2009)

2007

33. Are Inflation Expectations Rational?
    Working Paper series, Rimini Centre for Economic Analysis View citations (11)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (12)
    See also Journal Article in Journal of Monetary Economics (2008)
34. Bank Incentives, Contract Design, and Bank Runs
    MPRA Paper, University Library of Munich, Germany View citations (3)
    See also Journal Article in Journal of Economic Theory (2008)
35. Incentives and the Limits to Deflationary Policy
    Discussion Papers, Department of Economics, Simon Fraser University View citations (11)
    Also in MPRA Paper, University Library of Munich, Germany (2007) View citations (8)
36. Moral Hazard in the Diamond-Dybvig Model of Banking
    2007 Meeting Papers, Society for Economic Dynamics
    Also in MPRA Paper, University Library of Munich, Germany (2006)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2006)
37. Rational Truth-Avoidance and Self-Esteem
    Discussion Papers, Department of Economics, Simon Fraser University View citations (2)
    See also Journal Article in Canadian Journal of Economics (2009)
38. Search Models of Unemployment
    Discussion Papers, Department of Economics, Simon Fraser University View citations (1)

2006

39. The role of independence in the Green-Lin Diamond-Dybvig model
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article in Journal of Economic Theory (2007)

2005

40. Macroeconomic Theory and Policy
    Macroeconomics, University Library of Munich, Germany View citations (3)
    See also Book (2005)
41. On the Coexistence of Money and Bonds
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (2)

2004

42. Human Capital Investment and Debt Constraints
    Labor and Demography, University Library of Munich, Germany View citations (9)
    See also Journal Article in Review of Economic Dynamics (2006)
43. Jobless Recoveries
    Macroeconomics, University Library of Munich, Germany View citations (7)
44. Modeling a Jobless Recovery
    2004 Meeting Papers, Society for Economic Dynamics View citations (1)

2003

45. A Theory of Money and Banking
    Macroeconomics, University Library of Munich, Germany View citations (13)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2003) View citations (8)
46. Heterogeneous Time-Preference and the Distribution of Wealth
    Macroeconomics, University Library of Munich, Germany View citations (2)
47. Monetary Implications of the Hayashi-Prescott Hypothesis for Japan
    Macroeconomics, University Library of Munich, Germany View citations (6)
    See also Journal Article in Monetary and Economic Studies (2003)

2002

48. Inflation Expectations and Learning about Monetary Policy
    Staff Working Papers, Bank of Canada View citations (18)
49. Labour Markets, Liquidity, and Monetary Policy Regimes
    Staff Working Papers, Bank of Canada View citations (1)
    See also Journal Article in Canadian Journal of Economics/Revue canadienne d'économique (2004)

2001

50. Monetary Policy Regimes and Beliefs
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal View citations (15)
    Also in Working Papers, University of Waterloo, Department of Economics (1997) View citations (9)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2001) View citations (3)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1997) View citations (9)
    See also Journal Article in International Economic Review (2003)

2000

51. A Theory of Inalienable Property Rights
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal
    Also in Working Papers, University of Waterloo, Department of Economics (1999) View citations (2)
    See also Journal Article in Journal of Political Economy (2002)
52. Persistent Liquidity Effects Following a Change in Monetary Policy Regime
    Working Papers, University of Waterloo, Department of Economics View citations (1)

1999

53. Technological Change and Income Distribution Dynamics
    Working Papers, University of Waterloo, Department of Economics
54. Unemployment and Economic Welfare
    Working Papers, University of Waterloo, Department of Economics
    See also Journal Article in Economic Review (1998)

1998

55. Redistribution Policy in a Model with Heterogeneous Time Preference
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal
56. Technology Diffusion and Aggregate Dynamics
    Working Papers, University of Waterloo, Department of Economics View citations (53)
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (1998) View citations (57)
    See also Journal Article in Review of Economic Dynamics (1998)

1996

57. U.S. Labour Market Policy and the Canada-U.S. Unemployment Rate Gap
    Working Papers, University of Waterloo, Department of Economics View citations (4)
    See also Journal Article in Canadian Public Policy (1998)

1995

58. Endogeneous Technological Change, Growth, and Aggregate Functions
    Working Papers, University of Waterloo, Department of Economics View citations (7)
59. Technological Innovation, Diffusion, and Business Cycle Dynamics
    Working Papers, University of Waterloo, Department of Economics View citations (1)
60. Unemployment Insurance, Labor Market Dynamics and Social Welfare
    Discussion Papers, Department of Economics, Simon Fraser University View citations (3)

1993

61. Optimal Team Contracts
    Working Papers, University of Waterloo, Department of Economics View citations (1)
    See also Journal Article in Canadian Journal of Economics (1997)

Journal Articles

2022

1. The Blockchain Revolution: Decoding Digital Currencies
   Review, 2022, 104, (3), 149-165

2021

2. Assessing the Impact of Central Bank Digital Currency on Private Banks
   The Economic Journal, 2021, 131, (634), 525-540 View citations (30)
   See also Working Paper (2020)
3. Is It Time for Some Unpleasant Monetarist Arithmetic?
   Review, 2021, 103, (3), 315-332 View citations (1)

2020

4. Does the National Debt Matter?
   The Regional Economist, 2020, 28, (4)
5. Money, Banking, and Financial Markets
   Review of Economic Studies, 2020, 87, (5), 2049-2086 View citations (6)
   See also Working Paper (2017)

2019

6. Understanding Lowflation
   Review, 2019, 101, (1), 1-26 View citations (1)
   See also Working Paper (2018)
7. Whither the Price of Bitcoin?
   Economic Synopses, 2019, (1), 1-2 View citations (1)

2018

8. Blockchain: What It Is, What It Does, and Why You Probably Don’t Need One
   Review, 2018, 100, (2) View citations (6)
9. Does the Yield Curve Really Forecast Recession?
   Economic Synopses, 2018, (30), 1-2 View citations (2)
10. Monetary policy and liquid government debt
    Journal of Economic Dynamics and Control, 2018, 89, (C), 183-199 View citations (12)
    See also Working Paper (2018)
11. On the Supply of, and Demand for, U.S. Treasury Debt
    Economic Synopses, 2018, (5), 1-3 View citations (1)
12. Reconciling Orthodox and Heterodox Views on Money and Banking
    Review of Economic Analysis, 2018, 10, (4), 351-370 View citations (11)
    See also Working Paper (2018)

2017

13. Preventing bank runs
    Theoretical Economics, 2017, 12, (3) View citations (19)
    See also Working Paper (2014)
14. Rehypothecation and liquidity
    European Economic Review, 2017, 100, (C), 488-505 View citations (13)
    See also Working Paper (2017)

2016

15. Monetary policy with asset-backed money
    Journal of Economic Theory, 2016, 164, (C), 166-186 View citations (16)
    See also Working Paper (2015)

2015

16. A Model of U.S. Monetary Policy Before and After the Great Recession
    Review, 2015, 97, (3), 233-56 View citations (9)
17. Scarcity of safe assets, inflation, and the policy trap
    Journal of Monetary Economics, 2015, 73, (C), 70-92 View citations (52)
    See also Working Paper (2015)

2014

18. Optimal disclosure policy and undue diligence
    Journal of Economic Theory, 2014, 149, (C), 128-152 View citations (37)
    See also Working Paper (2012)
19. Quantitative easing in Japan: past and present
    Economic Synopses, 2014, (1) View citations (9)

2013

20. Incentive-feasible deflation
    Journal of Monetary Economics, 2013, 60, (4), 383-390 View citations (28)
21. Information Disclosure and Exchange Media
    Review of Economic Dynamics, 2013, 16, (3), 527-539 View citations (22)
    See also Working Paper (2012)
22. Is the Fed monetizing government debt?
    Economic Synopses, 2013 View citations (6)

2012

23. Identifying structural and cyclical shocks across U.S. regions
    Economic Synopses, 2012
24. Liquidity shocks, real interest rates, and global imbalances
    Review, 2012, 94, (May), 187-196 View citations (4)
25. Many moving parts: a look inside the U.S. labor market
    Inside the Vault, 2012, (Spring)
    Also in Annual Report, 2010, 4-15 (2010)
26. Many moving parts: the latest look inside the U.S. labor market
    Review, 2012, 94, (Mar), 135-152

2011

27. A note on the societal benefits of illiquid bonds
    Canadian Journal of Economics/Revue canadienne d'économique, 2011, 44, (1), 133-147 View citations (14)
    Also in Canadian Journal of Economics, 2011, 44, (1), 133-147 (2011) View citations (18)

2010

28. Essential interest-bearing money
    Journal of Economic Theory, 2010, 145, (4), 1495-1507 View citations (48)
    See also Working Paper (2009)
29. Fiscal multipliers in war and in peace
    Review, 2010, 92, (Mar), 121-128 View citations (1)

2009

30. Money, intermediation, and banking
    Journal of Monetary Economics, 2009, 56, (3), 289-294 View citations (10)
    See also Working Paper (2008)
31. Rational truth-avoidance and self-esteem
    Canadian Journal of Economics, 2009, 42, (1), 141-154 View citations (7)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2009, 42, (1), 141-154 (2009) View citations (1)
    See also Working Paper (2007)

2008

32. Are inflation expectations rational?
    Journal of Monetary Economics, 2008, 55, (2), 406-422 View citations (63)
    See also Working Paper (2007)
33. Bank incentives, contract design and bank runs
    Journal of Economic Theory, 2008, 142, (1), 28-47 View citations (18)
    See also Working Paper (2007)
34. Endogenous debt constraints in a life-cycle model with an application to social security
    Journal of Economic Dynamics and Control, 2008, 32, (12), 3745-3759 View citations (15)

2007

35. The role of independence in the Green-Lin Diamond-Dybvig model
    Journal of Economic Theory, 2007, 137, (1), 709-715 View citations (56)
    See also Working Paper (2006)

2006

36. Human Capital Investment and Debt Constraints
    Review of Economic Dynamics, 2006, 9, (1), 52-67 View citations (33)
    See also Working Paper (2004)

2004

37. Labour markets, liquidity, and monetary policy regimes
    Canadian Journal of Economics/Revue canadienne d'économique, 2004, 37, (2), 392-420 View citations (3)
    Also in Canadian Journal of Economics, 2004, 37, (2), 392-420 (2004) View citations (8)
    See also Working Paper (2002)

2003

38. Monetary Implications of the Hayashi-Prescott Hypothesis for Japan
    Monetary and Economic Studies, 2003, 21, (4), 1-20 View citations (9)
    See also Working Paper (2003)
39. Monetary Policy Regimes and Beliefs
    International Economic Review, 2003, 44, (1), 1-30 View citations (105)
    See also Working Paper (2001)

2002

40. A Theory of Inalienable Property Rights
    Journal of Political Economy, 2002, 110, (2), 382-393 View citations (42)
    See also Working Paper (2000)

2001

41. A simple model of money and banking
    Economic Review, 2001, (Q III), 20-28 View citations (7)
42. Distributional dynamics following a technological revolution
    Canadian Journal of Economics/Revue canadienne d'économique, 2001, 34, (3), 739-759 View citations (3)
    Also in Canadian Journal of Economics, 2001, 34, (3), 739-759 (2001) View citations (2)

1998

43. Technology Diffusion and Aggregate Dynamics
    Review of Economic Dynamics, 1998, 1, (2), 338-370 View citations (53)
    See also Working Paper (1998)
44. US Labour Market Policy and the Canada-US Unemployment Rate Gap
    Canadian Public Policy, 1998, 24, (s1), 210-232 View citations (5)
    See also Working Paper (1996)
45. Unemployment and economic welfare
    Economic Review, 1998, 34, (Q III), 25-34 View citations (2)
    See also Working Paper (1999)

1997

46. Evidence and Theory on the Cyclical Asymmetry in Unemployment Rate Fluctuations
    Canadian Journal of Economics, 1997, 30, (3), 709-21 View citations (10)
47. Optimal Team Contracts
    Canadian Journal of Economics, 1997, 30, (2), 385-96 View citations (13)
    See also Working Paper (1993)

1996

48. Business Cycles and Labor-Market Search
    American Economic Review, 1996, 86, (1), 112-32 View citations (956)
49. Unemployment insurance and labor-market activity in Canada
    Carnegie-Rochester Conference Series on Public Policy, 1996, 44, (1), 47-82 View citations (59)

Books

2005

1. Macroeconomic Theory and Policy
   Online economics textbooks, SUNY-Oswego, Department of Economics View citations (2)
   See also Working Paper (2005)