Details about P. Dean Corbae

Homepage:	https://sites.google.com/site/deancorbae/
Postal address:	Department of Economics Sewell Social Science Bldg. 1180 Observatory Dr. Madison, WI 53706
Workplace:	Economics Department, University of Wisconsin-Madison, (more information at EDIRC)

Access statistics for papers by P. Dean Corbae.

Last updated 2024-08-08. Update your information in the RePEc Author Service.

Short-id: pco94

---

Jump to Journal Articles Edited books Chapters

Working Papers

2024

1. Equilibrium Evictions
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Research Working Paper, Federal Reserve Bank of Kansas City (2023)

2023

2. Employer Credit Checks: Poverty Traps versus Matching Efficiency
   Research Working Paper, Federal Reserve Bank of Kansas City
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (10)
   Working Papers, Human Capital and Economic Opportunity Working Group (2018) View citations (20)
3. Market Concentration in Fintech
   Working Papers, Federal Reserve Bank of Philadelphia

2021

4. Capital Buffers in a Quantitative Model of Banking Industry Dynamics
   Working Papers, Federal Reserve Bank of Minneapolis View citations (18)
   See also Journal Article Capital Buffers in a Quantitative Model of Banking Industry Dynamics, Econometrica, Econometric Society (2021) View citations (33) (2021)
5. Capital Buffers in a Quantitative Model of Banking Industry Dynamics
   Working Papers, Federal Reserve Bank of Philadelphia View citations (2)

2020

6. A Quantitative Theory of the Credit Score
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2020) View citations (9)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020) View citations (9)
   Working Papers, Federal Reserve Bank of Philadelphia (2020) View citations (4)
   See also Journal Article A Quantitative Theory of the Credit Score, Econometrica, Econometric Society (2023) View citations (9) (2023)
7. Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics
   Working Papers, Federal Reserve Bank of Minneapolis
   Also in Working Papers, Federal Reserve Bank of Philadelphia (2017) View citations (13)
   NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (22)
   See also Journal Article Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (7) (2021)
8. Rising Bank Concentration
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (7)
   See also Journal Article Rising bank concentration, Journal of Economic Dynamics and Control, Elsevier (2020) View citations (10) (2020)

2019

9. Asset Quality Dynamics
   2019 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (4)
10. Capital Requirements in a Quantitative Model of Banking Industry Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (10)
    2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (9)

2018

11. A Theory of Credit Scoring and the Competitive Pricing of Default Risk
    2018 Meeting Papers, Society for Economic Dynamics View citations (30)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (17)

2017

12. A New Perspective on the Finance-Development Nexus
    2017 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2016)
13. Financial Engineering and Economic Development
    Working Papers, Federal Reserve Bank of Cleveland
14. The Costs and Benefits of Employer Credit Checks
    2017 Meeting Papers, Society for Economic Dynamics

2016

15. Stress Testing in a Structural Model of Bank Behavior
    2016 Meeting Papers, Society for Economic Dynamics View citations (3)

2015

16. A Simple Dynamic Theory of Credit Scores Under Adverse Selection
    2015 Meeting Papers, Society for Economic Dynamics View citations (2)
17. Foreign Competition and Banking Industry Dynamics
    2015 Meeting Papers, Society for Economic Dynamics View citations (7)
18. Foreign competition and banking industry dynamics: an application to Mexico
    Working Papers, Federal Reserve Bank of Philadelphia View citations (8)
    See also Journal Article Foreign Competition and Banking Industry Dynamics: An Application to Mexico, IMF Economic Review, Palgrave Macmillan (2015) View citations (10) (2015)

2013

19. Can Employer Credit Checks Create Poverty Traps?
    2013 Meeting Papers, Society for Economic Dynamics View citations (6)
20. Leverage and the Foreclosure Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Leverage and the Foreclosure Crisis, Journal of Political Economy, University of Chicago Press (2015) View citations (122) (2015)

2010

21. A Quantitative Model of Banking Industry Dynamics
    2010 Meeting Papers, Society for Economic Dynamics View citations (10)
22. Can Credit Market Signalling Improve Labor Market Outcomes?
    2010 Meeting Papers, Society for Economic Dynamics

2008

23. Reorganization or Exit: Bankruptcy Decisions and Firm Dynamics
    2008 Meeting Papers, Society for Economic Dynamics

2007

24. A finite-life private-information theory of unsecured consumer debt
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
    See also Journal Article A finite-life private-information theory of unsecured consumer debt, Journal of Economic Theory, Elsevier (2008) View citations (25) (2008)
25. A quantitative theory of unsecured consumer credit with risk of default
    Working Papers, Federal Reserve Bank of Philadelphia View citations (370)
    Also in Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP), Centro de Altisimos Estudios Rios Perez (CAERP) (2002)
    See also Journal Article A Quantitative Theory of Unsecured Consumer Credit with Risk of Default, Econometrica, Econometric Society (2007) View citations (486) (2007)
26. Politico-Economic Consequences of Rising Wage Inequality
    2007 Meeting Papers, Society for Economic Dynamics
    See also Journal Article Politico-economic consequences of rising wage inequality, Journal of Monetary Economics, Elsevier (2009) View citations (41) (2009)

2006

27. Finite-Life, Private-Information Theory of Unsecured Debt
    2006 Meeting Papers, Society for Economic Dynamics View citations (4)
28. Monetary and financial forces in the Great Depression
    Working Papers, Federal Reserve Bank of Philadelphia
29. Motelling: A Hotelling Model with Money
    2006 Meeting Papers, Society for Economic Dynamics
30. On the aggregate welfare cost of Great Depression unemployment
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
    See also Journal Article On the aggregate welfare cost of Great Depression unemployment, Journal of Monetary Economics, Elsevier (2007) View citations (26) (2007)
31. Politico economic consequences of rising income inequality
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)

2004

32. A Competitive Theory of Credit Scoring
    2004 Meeting Papers, Society for Economic Dynamics View citations (3)

2003

33. Experiments with Network Formation
    Levine's Working Paper Archive, David K. Levine View citations (20)
    See also Journal Article Experiments with network formation, Games and Economic Behavior, Elsevier (2008) View citations (61) (2008)
34. On the welfare gains of eliminating a small likelihood of economic crises: A case for stabilization policies?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)

2001

35. Financial collapse and active monetary policy: a lesson from the Great Depression
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)

2000

36. Contagion: An Experimental Study
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (2)
37. On the welfare gains of reducing the likelihood of economic crises
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (5)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2000) View citations (2)

1999

38. A welfare comparison of pre- and post-WWII business cycles: some implications for the role of postwar macroeconomic policies
    Working Papers, Federal Reserve Bank of Philadelphia
39. Competitive theories for economies with general transactions technology
    Working Papers, Federal Reserve Bank of Philadelphia
40. Financial Fragility in a Monetary Economy: Positive Implications and Policy Prescriptions
    Boston University - Institute for Economic Development, Boston University, Institute for Economic Development

1998

41. Endogenous realignments and the sustainability of a target
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
42. Money and Price Dispersion
    Working Papers, University of Iowa, Department of Economics View citations (29)
    See also Journal Article Money and Price Dispersion, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1999) View citations (83) (1999)

1997

43. Band Spectral Regression with Trending Data
    Working Papers, University of Iowa, Department of Economics View citations (5)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1997)
    See also Journal Article Band Spectral Regression with Trending Data, Econometrica, Econometric Society (2002) View citations (78) (2002)
44. Financial Fragility and the Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Papers, University of Iowa, Department of Economics (1997) View citations (13)

1996

45. Money and finance with costly commitment
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
    See also Journal Article Money and finance with costly commitment, Journal of Monetary Economics, Elsevier (1996) View citations (4) (1996)

1995

46. Endogenous Realignments and the Sustainability of a Target Zone
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
47. Valuation equilibria with transactions costs
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
    See also Journal Article Valuation Equilibria with Transactions Costs, American Economic Review, American Economic Association (1995) View citations (4) (1995)

1994

48. Money and Finance in a Model of Costly Commitment
    Working Papers, University of Iowa, Department of Economics View citations (3)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1994) View citations (3)

1991

49. A Rexamination of the Consumption Function Using Frequency Domain Regressions
    Working Papers, University of Iowa, Department of Economics
    See also Journal Article A Reexamination of the Consumption Function Using Frequency Domain Regressions, Empirical Economics, Springer (1994) View citations (21) (1994)
50. Endogenous Market Participation and General Equilibrium Value of Money
    Working Papers, University of Iowa, Department of Economics View citations (2)
    Also in Working Papers, University of Iowa, Department of Economics (1990) View citations (28)
    See also Journal Article Endogenous Market Participation and the General Equilibrium Value of Money, Journal of Political Economy, University of Chicago Press (1992) View citations (70) (1992)

Journal Articles

2023

1. A Quantitative Theory of the Credit Score
   Econometrica, 2023, 91, (5), 1803-1840 View citations (9)
   See also Working Paper A Quantitative Theory of the Credit Score, NBER Working Papers (2020) View citations (9) (2020)

2021

2. Capital Buffers in a Quantitative Model of Banking Industry Dynamics
   Econometrica, 2021, 89, (6), 2975-3023 View citations (33)
   See also Working Paper Capital Buffers in a Quantitative Model of Banking Industry Dynamics, Working Papers (2021) View citations (18) (2021)
3. Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics
   (Does Industry-wide distress Affect Defaulted Firms? Evidence from Creditor Recoveries)
   The Review of Economic Studies, 2021, 88, (5), 2239-2274 View citations (7)
   See also Working Paper Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics, Working Papers (2020) (2020)

2020

4. CASH‐FLOW TRANCHING AND THE MACROECONOMY
   International Economic Review, 2020, 61, (4), 1815-1843 View citations (1)
5. Rising bank concentration
   Journal of Economic Dynamics and Control, 2020, 115, (C) View citations (10)
   See also Working Paper Rising Bank Concentration, NBER Working Papers (2020) View citations (10) (2020)

2017

6. RED Special Issue on Human Capital and Inequality, an introduction
   Review of Economic Dynamics, 2017, 25, 1-3 View citations (5)

2015

7. Foreign Competition and Banking Industry Dynamics: An Application to Mexico
   IMF Economic Review, 2015, 63, (4), 830-867 View citations (10)
   See also Working Paper Foreign competition and banking industry dynamics: an application to Mexico, Working Papers (2015) View citations (8) (2015)
8. Leverage and the Foreclosure Crisis
   Journal of Political Economy, 2015, 123, (1), 1 - 65 View citations (122)
   See also Working Paper Leverage and the Foreclosure Crisis, NBER Working Papers (2013) View citations (14) (2013)

2011

9. Introduction to Incompleteness and Uncertainty in Economics
   Journal of Economic Theory, 2011, 146, (3), 775-784
10. On the welfare implications of restricting bankruptcy information
    Journal of Macroeconomics, 2011, 33, (1), 4-13 View citations (4)

2009

11. Politico-economic consequences of rising wage inequality
    Journal of Monetary Economics, 2009, 56, (1), 43-61 View citations (41)
    See also Working Paper Politico-Economic Consequences of Rising Wage Inequality, 2007 Meeting Papers (2007) (2007)

2008

12. A finite-life private-information theory of unsecured consumer debt
    Journal of Economic Theory, 2008, 142, (1), 149-177 View citations (25)
    See also Working Paper A finite-life private-information theory of unsecured consumer debt, Working Papers (2007) View citations (5) (2007)
13. Experiments with network formation
    Games and Economic Behavior, 2008, 64, (1), 81-120 View citations (61)
    See also Working Paper Experiments with Network Formation, Levine's Working Paper Archive (2003) View citations (20) (2003)

2007

14. A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
    Econometrica, 2007, 75, (6), 1525-1589 View citations (486)
    See also Working Paper A quantitative theory of unsecured consumer credit with risk of default, Working Papers (2007) View citations (370) (2007)
15. On the aggregate welfare cost of Great Depression unemployment
    Journal of Monetary Economics, 2007, 54, (6), 1529-1544 View citations (26)
    See also Working Paper On the aggregate welfare cost of Great Depression unemployment, Working Papers (2006) View citations (4) (2006)

2005

16. COMMENTS ON HOWITT'S "BEYOND SEARCH: FIAT MONEY IN ORGANIZED EXCHANGE"
    International Economic Review, 2005, 46, (2), 431-436

2004

17. Decentralized credit and monetary exchange without public record keeping
    Economic Theory, 2004, 24, (4), 933-951 View citations (32)
    See also Chapter Decentralized credit and monetary exchange without public record keeping, Studies in Economic Theory, 2006, 235-253 (2006) (2006)

2003

18. Directed Matching and Monetary Exchange
    Econometrica, 2003, 71, (3), 731-756 View citations (69)
19. Endogenous realignments in a target zone
    Oxford Economic Papers, 2003, 55, (3), 494-511

2002

20. Band Spectral Regression with Trending Data
    Econometrica, 2002, 70, (3), 1067-1109 View citations (78)
    See also Working Paper Band Spectral Regression with Trending Data, Working Papers (1997) View citations (5) (1997)
21. Financial Collapse: A Lesson from the Great Depression
    Journal of Economic Theory, 2002, 107, (2), 159-190 View citations (34)
22. Matching and Money
    American Economic Review, 2002, 92, (2), 67-71 View citations (30)

1999

23. Money and Price Dispersion
    International Economic Review, 1999, 40, (4), 985-1008 View citations (83)
    See also Working Paper Money and Price Dispersion, Working Papers (1998) View citations (29) (1998)

1996

24. Money and finance with costly commitment
    Journal of Monetary Economics, 1996, 37, (2-3), 225-248 View citations (4)
    See also Working Paper Money and finance with costly commitment, Working Papers (1996) View citations (2) (1996)

1995

25. Valuation Equilibria with Transactions Costs
    American Economic Review, 1995, 85, (2), 287-90 View citations (4)
    See also Working Paper Valuation equilibria with transactions costs, Working Papers (1995) View citations (4) (1995)

1994

26. A Reexamination of the Consumption Function Using Frequency Domain Regressions
    Empirical Economics, 1994, 19, (4), 595-609 View citations (21)
    See also Working Paper A Rexamination of the Consumption Function Using Frequency Domain Regressions, Working Papers (1991) (1991)

1993

27. Contracting Costs, Inflation, and Relative Price Variability: Comment
    Journal of Money, Credit and Banking, 1993, 25, (3), 602-08
28. Relaxing the cash-in-advance constraint at a fixed cost Are simple trigger-target portfolio rules optimal?
    Journal of Economic Dynamics and Control, 1993, 17, (1-2), 51-64 View citations (5)

1992

29. Endogenous Market Participation and the General Equilibrium Value of Money
    Journal of Political Economy, 1992, 100, (3), 615-46 View citations (70)
    See also Working Paper Endogenous Market Participation and General Equilibrium Value of Money, Working Papers (1991) View citations (2) (1991)
30. On Cointegration and Tests of Forward Market Unbiasedness
    The Review of Economics and Statistics, 1992, 74, (4), 728-32 View citations (22)

1991

31. A Test of Long‐run Purchasing Power Parity Allowing for Structural Breaks
    The Economic Record, 1991, 67, (1), 26-33 View citations (28)

1989

32. A Random Walk through the Gibson Paradox
    Journal of Applied Econometrics, 1989, 4, (3), 295-303 View citations (7)

1988

33. Cointegration and Tests of Purchasing Power Parity
    The Review of Economics and Statistics, 1988, 70, (3), 508-11 View citations (184)

1986

34. Robust tests for unit roots in the foreign exchange market
    Economics Letters, 1986, 22, (4), 375-380 View citations (26)

1985

35. The demand for money: A variable adjustment model
    Economics Letters, 1985, 18, (2-3), 197-200 View citations (1)

Edited books

2011

1. Econometric Theory and Practice
   Cambridge Books, Cambridge University Press View citations (4)

2006

2. Econometric Theory and Practice
   Cambridge Books, Cambridge University Press View citations (271)

Chapters

2025

1. Credit Scores and Inequality Across the Life Cycle
   A chapter in NBER Macroeconomics Annual 2025, volume 40, 2025

2024

2. Comment on "Bankruptcy Resolution and Credit Cycles"
   A chapter in NBER Macroeconomics Annual 2024, volume 39, 2024

2006

3. Decentralized credit and monetary exchange without public record keeping
   Springer
   See also Journal Article Decentralized credit and monetary exchange without public record keeping, Springer (2004) View citations (32) (2004)