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Details about Neil Wallace

E-mail:
Homepage:http://econ.la.psu.edu/BiographyPages/wallace_bio.html
Phone:814-863-3805
Workplace:Department of Economics, Pennsylvania State University, (more information at EDIRC)

Access statistics for papers by Neil Wallace.

Last updated 2009-02-26. Update your information in the RePEc Author Service.

Short-id: pwa33


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Working Papers

2007

  1. Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2006

  1. The role of independence in the Green-Lin Diamond-Dybvig model
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (3)

2004

  1. A model of (the threat of) counterfeiting
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (2)

2003

  1. Resolving the National Banking System note-issue puzzle
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)

1999

  1. Optimal Monetary Impulse-Response Functions in a Matching Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1999) Downloads View citations (1)

1998

  1. The role of damage-contingent contracts in allocating the risks of natural catastrophes
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)

1997

  1. A model of regulated private bank-note issue
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  2. Optimal allocations with incomplete record-keeping and no commitment
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (7)

1996

  1. A model of a currency shortage
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
  2. Coexistence of money and interest-bearing securities
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (72)
  3. Short-run and long-run effects of changes in money in a random matching model
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in Journal of Political Economy (1997)

1995

  1. Government transaction policy, the medium of exchange, and welfare
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)

1993

  1. Interest Rates Under the U.S. National Banking System
    Economic History, University Library of Munich, Germany Downloads View citations (6)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (8)

1991

  1. Existence of steady states with positive consumption in the Kiyotaki-Wright model
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (53)

1985

  1. Identification and estimation of a model of hyperinflation with a continuum of \"sunspot\" equilibrium
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
  2. National monetary policies in a world economy: a role for cooperation
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
  3. Ricardian equivalence and money dominated in return: are they mutually consistent generally?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  4. Suspension and the financing of the Civil War: a critique of Newcomb and Mitchell
    Working Papers, Federal Reserve Bank of Minneapolis Downloads

1983

  1. A model of commodity money
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (43)
  2. A price discrimination analysis of monetary policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

1982

  1. A model of circulating private debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

1981

  1. The real bills doctrine vs. the quantity theory: a reconsideration
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (10)

1980

  1. A hybrid fiat-commodity monetary system
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  2. A suggestion for further simplifying the theory of money
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (14)

1979

  1. A Modigliani-Miller theorem for open-market operations
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in American Economic Review (1981)
  2. Monetary policy in the presence of a stochastic deficit
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)

1978

  1. Open-market operations in a model of regulated, insured intermediaries
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    See also Journal Article in Journal of Political Economy (1980)
  2. Samuelson's consumption-loan model with country-specific fiat monies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (6)
  3. The overlapping-generations model of fiat money
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)

1977

  1. A payments mechanism without Fed involvement and Fed monetary policy without required reserves
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  2. Deposit insurance and bank regulation: a partial equilibrium exposition
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in The Journal of Business (1978)
  3. On simplifying the theory of fiat money
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
  4. Samuelson's pure consumption loans model with constant returns-to-scale storage
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  5. The inefficiency of a nominal national debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

1976

  1. Portfolio autarky: a welfare analysis
    Staff Report, Federal Reserve Bank of Minneapolis Downloads

1974

  1. Rational expectations and the theory of economic policy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (5)

1972

  1. The Thomson-Pierce monthly model: a test for structural change
    Working Papers, Federal Reserve Bank of Minneapolis Downloads

Journal Articles

2014

  1. An Attractive Monetary Model with Surprising Implications for Optima: Two Examples
    Quarterly Review, 2014, (March), 1-16 Downloads
  2. Optimal inflation in a model of inside money
    Review of Economic Dynamics, 2014, 17, (2), 287-293 Downloads View citations (6)

2006

  1. Optimal divisibility when money is costly to produce
    Review of Economic Dynamics, 2006, 9, (3), 541-556 Downloads View citations (4)

2000

  1. Comment on Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
    Journal of Money, Credit and Banking, 2000, 32, (4), 931-35 View citations (8)
  2. Knowledge of individual histories and optimal payment arrangements
    Quarterly Review, 2000, 24, (Sum), 11-21 Downloads View citations (7)

1999

  1. A Matching Model with Bounded Holdings of Indivisible Money
    International Economic Review, 1999, 40, (4), 961-84 View citations (20)
  2. A model of private bank-note issue
    Review of Economic Dynamics, 1999, 2, (1), 104-136 Downloads View citations (98)
  3. Foreword
    Review of Economic Dynamics, 1999, 2, (1), 1 Downloads
  4. Inside and Outside Money as Alternative Media of Exchange
    Journal of Money, Credit and Banking, 1999, 31, (3), 443-57 View citations (149)
    Also in Proceedings, 1999, 443-468 (1999) View citations (121)

1998

  1. A dictum for monetary theory
    Quarterly Review, 1998, 22, (Win), 20-26 Downloads View citations (20)

1997

  1. Absence-of-double-coincidence models of money: a progress report
    Quarterly Review, 1997, 21, (Win), 2-20 Downloads View citations (10)
  2. S. Rao Aiyagari: my student and my teacher
    Quarterly Review, 1997, 21, (Sum), 2-4 Downloads
  3. Short-Run and Long-Run Effects of Changes in Money in a Random-Matching Model
    Journal of Political Economy, 1997, 105, (6), 1293-1307 Downloads View citations (20)
    See also Working Paper (1996)

1996

  1. Narrow banking meets the Diamond-Dybvig model
    Quarterly Review, 1996, 20, (Win), 3-13 Downloads View citations (31)
  2. Search-theoretic models of international currency - commentary
    Review, 1996, 78, (May), 136-138 Downloads
    Also in Proceedings, 1996, 78, (May), 136-138 (1996) Downloads

1992

  1. Fiat Money in the Kiyotaki-Wright Model
    Economic Theory, 1992, 2, (4), 447-64 View citations (28)
  2. Resolving the national bank note paradox
    Quarterly Review, 1992, 16, (Spr), 13-21 Downloads View citations (7)
  3. SPDAs and GICs: like money in the bank?
    Quarterly Review, 1992, 16, (Sum), 2-17 Downloads View citations (4)

1990

  1. A banking model in which partial suspension is best
    Quarterly Review, 1990, 14, (Fall), 11-23 Downloads View citations (70)
  2. A suggestion for oversimplifying the theory of money
    Quarterly Review, 1990, 14, (Win), 19-26 Downloads View citations (3)
  3. Why markets in foreign exchange are different from other markets
    Quarterly Review, 1990, 14, (Win), 12-18 Downloads View citations (4)
    Also in Quarterly Review, 1979, 3, (Fall) (1979) Downloads View citations (12)

1988

  1. Another attempt to explain an illiquid banking system: the Diamond and Dybvig model with sequential service taken seriously
    Quarterly Review, 1988, 12, (Fall), 3-16 Downloads View citations (110)

1985

  1. A shred of evidence on public acceptance of privately issued currency
    Quarterly Review, 1985, 9, (Win) Downloads View citations (1)
  2. International coordination of macroeconomic policies: a welfare analysis
    Quarterly Review, 1985, 9, (Spr) Downloads View citations (5)

1984

  1. Some of the choices for monetary policy
    Quarterly Review, 1984, 8, (Win) Downloads View citations (21)

1983

  1. A legal restrictions theory of the demand for \\"money\\" and the role of monetary policy
    Quarterly Review, 1983, 7, (Win) Downloads View citations (32)
  2. Speculations about the speculation against the Hong Kong dollar
    Quarterly Review, 1983, 7, (Fall) Downloads View citations (5)

1982

  1. Alternative intermediate instruments of monetary policy: panel presentation
    Proceedings, 1982, (Nov), 215-251
  2. The Real-Bills Doctrine versus the Quantity Theory: A Reconsideration
    Journal of Political Economy, 1982, 90, (6), 1212-36 Downloads View citations (94)

1981

  1. A Modigliani-Miller Theorem for Open-Market Operations
    American Economic Review, 1981, 71, (3), 267-74 Downloads View citations (236)
    See also Working Paper (1979)
  2. Some unpleasant monetarist arithmetic
    Quarterly Review, 1981, 5, (Fall) Downloads View citations (690)

1980

  1. Integrating micro and macroeconomics: an application to credit controls
    Quarterly Review, 1980, 4, (Fall) Downloads View citations (2)
  2. Open-Market Operations in a Model of Regulated, Insured Intermediaries
    Journal of Political Economy, 1980, 88, (1), 146-73 Downloads View citations (14)
    See also Working Paper (1978)

1979

  1. The Inefficiency of Interest-bearing National Debt
    Journal of Political Economy, 1979, 87, (2), 365-81 Downloads View citations (36)

1978

  1. Deposit Insurance and Bank Regulation: A Partial-Equilibrium Exposition
    The Journal of Business, 1978, 51, (3), 413-38 Downloads View citations (189)
    See also Working Paper (1977)
  2. International monetary reform: the feasible alternatives
    Quarterly Review, 1978, 2, (Sum) Downloads View citations (3)

1977

  1. Why the Fed should consider holding M0 constant
    Quarterly Review, 1977, 1, (Sum) Downloads View citations (3)

1975

  1. "Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule
    Journal of Political Economy, 1975, 83, (2), 241-54 Downloads View citations (589)

1974

  1. On Stabilization Policy: Goals and Models
    American Economic Review, 1974, 64, (2), 330-37 Downloads View citations (2)
  2. The Elasticity of Substitution and Cyclical Behavior of Productivity, Wages, and Labor's Share
    American Economic Review, 1974, 64, (2), 257-63 Downloads View citations (4)

1973

  1. Optimal Open Market Strategy: The Use of Information Variables
    American Economic Review, 1973, 63, (1), 156-72 Downloads View citations (53)
  2. Rational Expectations and the Dynamics of Hyperinflation
    International Economic Review, 1973, 14, (2), 328-50 Downloads View citations (111)
  3. The Stability of Models of Money and Growth with Perfect Foresight
    Econometrica, 1973, 41, (6), 1043-48 Downloads View citations (92)

1972

  1. An Approach to the Study of Money and Nonmoney Exchange Structures
    Journal of Money, Credit and Banking, 1972, 4, (4), 838-47 Downloads View citations (1)
  2. The Monetary Instrument Variable Choice: How Important?: Comment
    Journal of Money, Credit and Banking, 1972, 4, (3), 723-29 Downloads

1971

  1. Market Transaction Costs, Asset Demand Functions, and the Relative Potency of Monetary and Fiscal Policy
    Journal of Money, Credit and Banking, 1971, 3, (2), 469-505 Downloads

1970

  1. The Determination of the Stock of Reserves and the Balance of Payments in a Neo-Keynesian Model
    Journal of Money, Credit and Banking, 1970, 2, (3), 269-90 Downloads

1969

  1. Buse on Meiselman-A Comment
    Journal of Political Economy, 1969, 77, (4), 524-27 Downloads

Chapters

1972

  1. A Study of Discretionary and Nondiscretionary Monetary and Fiscal Policies in the Context of Stochastic Macroeconometric Models
    A chapter in Economic Research: Retrospect and Prospect, Volume 1, The Business Cycle Today, 1972, pp 261-309 Downloads View citations (7)
 
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