Neil Wallace
Personal Details
First Name: | Neil |
Middle Name: | |
Last Name: | Wallace |
Suffix: | |
RePEc Short-ID: | pwa33 |
| |
http://econ.la.psu.edu/BiographyPages/wallace_bio.html | |
814-863-3805 | |
Terminal Degree: | 1964 Department of Economics; University of Chicago (from RePEc Genealogy) |
Affiliation
Department of Economics
Pennsylvania State University
State College, Pennsylvania (United States)http://econ.la.psu.edu/
RePEc:edi:depsuus (more details at EDIRC)
Research output
Jump to: Working papers Articles ChaptersWorking papers
- Tai-wei Hu & John Kennan & Neil Wallace, 2007.
"Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model,"
NBER Working Papers
13310, National Bureau of Economic Research, Inc.
- Tai-wei Hu & John Kennan & Neil Wallace, 2009. "Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model," Journal of Political Economy, University of Chicago Press, vol. 117(1), pages 116-137, February.
- David Andolfatto & Ed Nosal & Neil Wallace, 2006.
"The role of independence in the Green-Lin Diamond-Dybvig model,"
Working Papers (Old Series)
0615, Federal Reserve Bank of Cleveland.
- Andolfatto, David & Nosal, Ed & Wallace, Neil, 2007. "The role of independence in the Green-Lin Diamond-Dybvig model," Journal of Economic Theory, Elsevier, vol. 137(1), pages 709-715, November.
- Ed Nosal & Neil Wallace, 2004.
"A model of (the threat of) counterfeiting,"
Working Papers (Old Series)
0401, Federal Reserve Bank of Cleveland.
- Nosal, Ed & Wallace, Neil, 2007. "A model of (the threat of) counterfeiting," Journal of Monetary Economics, Elsevier, vol. 54(4), pages 994-1001, May.
- Bruce A. Champ & Neil Wallace, 2003. "Resolving the National Banking System note-issue puzzle," Working Papers (Old Series) 0316, Federal Reserve Bank of Cleveland.
- Brett Katzman & John Kennan & Neil Wallace, 1999.
"Optimal Monetary Impulse-Response Functions in a Matching Model,"
NBER Working Papers
7425, National Bureau of Economic Research, Inc.
- Brett Katzman & John Kennan & Neil Wallace, 1999. "Optimal monetary impulse-response functions in a matching model," Working Papers 595, Federal Reserve Bank of Minneapolis.
- R. Anton Braun & Richard M. Todd & Neil Wallace, 1998. "The role of damage-contingent contracts in allocating the risks of natural catastrophes," Working Papers 586, Federal Reserve Bank of Minneapolis.
- Ricardo de O. Cavalcanti & Neil Wallace, 1997. "A model of regulated private bank-note issue," Working Papers 581, Federal Reserve Bank of Minneapolis.
- Narayana R. Kocherlakota & Neil Wallace, 1997. "Optimal allocations with incomplete record-keeping and no commitment," Working Papers 578, Federal Reserve Bank of Minneapolis.
- S. Rao Aiyagari & Neil Wallace & Randall Wright, 1996.
"Coexistence of money and interest-bearing securities,"
Working Papers
550, Federal Reserve Bank of Minneapolis.
- Rao Aiyagari, S. & Wallace, Neil & Wright, Randall, 1996. "Coexistence of money and interest-bearing securities," Journal of Monetary Economics, Elsevier, vol. 37(3), pages 397-419, June.
- Neil Wallace & Ruilin Zhou, 1996.
"A model of a currency shortage,"
Working Papers
569, Federal Reserve Bank of Minneapolis.
- Wallace, Neil & Zhou, Ruilin, 1997. "A model of a currency shortage," Journal of Monetary Economics, Elsevier, vol. 40(3), pages 555-572, December.
- Neil Wallace, 1996.
"Short-run and long-run effects of changes in money in a random matching model,"
Working Papers
568, Federal Reserve Bank of Minneapolis.
- Wallace, Neil, 1997. "Short-Run and Long-Run Effects of Changes in Money in a Random-Matching Model," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1293-1307, December.
- S. Rao Aiyagari & Neil Wallace, 1995.
"Government transaction policy, the medium of exchange, and welfare,"
Working Papers
516, Federal Reserve Bank of Minneapolis.
- Aiyagari, S. Rao & Wallace, Neil, 1997. "Government Transaction Policy, the Medium of Exchange, and Welfare," Journal of Economic Theory, Elsevier, vol. 74(1), pages 1-18, May.
- Bruce A. Champ & Neil Wallace & Warren E. Weber, 1993.
"Interest rates under the U.S. national banking system,"
Staff Report
161, Federal Reserve Bank of Minneapolis.
- Champ, Bruce & Wallace, Neil & Weber, Warren E., 1994. "Interest rates under the U.S. national banking system," Journal of Monetary Economics, Elsevier, vol. 34(3), pages 343-358, December.
- Bruce Champ & Neil Wallace & Warren Weber, 1993. "Interest Rates Under the U.S. National Banking System," Economic History 9310001, University Library of Munich, Germany.
- S. Rao Aiyagari & Neil Wallace, 1991.
"Existence of steady states with positive consumption in the Kiyotaki-Wright model,"
Working Papers
428, Federal Reserve Bank of Minneapolis.
- S. Rao Aiyagari & Neil Wallace, 1991. "Existence of Steady States with Positive Consumption in the Kiyotaki-Wright Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(5), pages 901-916.
- Thomas J. Sargent & Neil Wallace, 1985. "Identification and estimation of a model of hyperinflation with a continuum of \"sunspot\" equilibrium," Working Papers 280, Federal Reserve Bank of Minneapolis.
- Preston J. Miller & Neil Wallace, 1985. "National monetary policies in a world economy: a role for cooperation," Working Papers 268, Federal Reserve Bank of Minneapolis.
- Arthur J. Rolnick & Neil Wallace, 1985. "Suspension and the financing of the Civil War: a critique of Newcomb and Mitchell," Working Papers 265, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1985. "Ricardian equivalence and money dominated in return: are they mutually consistent generally?," Staff Report 99, Federal Reserve Bank of Minneapolis.
- John Bryant & Neil Wallace, 1983.
"A price discrimination analysis of monetary policy,"
Staff Report
51, Federal Reserve Bank of Minneapolis.
- John Bryant & Neil Wallace, 1984. "A Price Discrimination Analysis of Monetary Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(2), pages 279-288.
- Thomas J. Sargent & Neil Wallace, 1983.
"A model of commodity money,"
Staff Report
85, Federal Reserve Bank of Minneapolis.
- Sargent, Thomas J. & Wallace, Meil, 1983. "A model of commodity money," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 163-187.
- Robert M. Townsend & Neil Wallace, 1982. "A model of circulating private debt," Staff Report 83, Federal Reserve Bank of Minneapolis.
- Thomas J. Sargent & Neil Wallace, 1981. "The real bills doctrine vs. the quantity theory: a reconsideration," Staff Report 64, Federal Reserve Bank of Minneapolis.
- John Bryant & Neil Wallace, 1980. "A suggestion for further simplifying the theory of money," Staff Report 62, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1980. "A hybrid fiat-commodity monetary system," Staff Report 61, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1979.
"A Modigliani-Miller theorem for open-market operations,"
Staff Report
44, Federal Reserve Bank of Minneapolis.
- Wallace, Neil, 1981. "A Modigliani-Miller Theorem for Open-Market Operations," American Economic Review, American Economic Association, vol. 71(3), pages 267-274, June.
- John Bryant & Neil Wallace, 1979. "Monetary policy in the presence of a stochastic deficit," Staff Report 42, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1978. "The overlapping-generations model of fiat money," Staff Report 37, Federal Reserve Bank of Minneapolis.
- John Bryant & Neil Wallace, 1978.
"Open-market operations in a model of regulated, insured intermediaries,"
Staff Report
34, Federal Reserve Bank of Minneapolis.
- Bryant, John & Wallace, Neil, 1980. "Open-Market Operations in a Model of Regulated, Insured Intermediaries," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 146-173, February.
- John H. Kareken & Neil Wallace, 1978. "Samuelson's consumption-loan model with country-specific fiat monies," Staff Report 24, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1977. "On simplifying the theory of fiat money," Staff Report 22, Federal Reserve Bank of Minneapolis.
- John Bryant & Neil Wallace, 1977. "The inefficiency of a nominal national debt," Staff Report 28, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1977. "Samuelson's pure consumption loans model with constant returns-to-scale storage," Staff Report 23, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1977. "A payments mechanism without Fed involvement and Fed monetary policy without required reserves," Staff Report 15, Federal Reserve Bank of Minneapolis.
- John H. Kareken & Neil Wallace, 1977.
"Deposit insurance and bank regulation: a partial equilibrium exposition,"
Staff Report
16, Federal Reserve Bank of Minneapolis.
- Kareken, John H & Wallace, Neil, 1978. "Deposit Insurance and Bank Regulation: A Partial-Equilibrium Exposition," The Journal of Business, University of Chicago Press, vol. 51(3), pages 413-438, July.
- John H. Kareken & Neil Wallace, 1976. "Portfolio autarky: a welfare analysis," Staff Report 9, Federal Reserve Bank of Minneapolis.
- Thomas J. Sargent & Neil Wallace, 1974.
"Rational expectations and the theory of economic policy,"
Working Papers
29, Federal Reserve Bank of Minneapolis.
- Sargent, Thomas J. & Wallace, Neil, 1976. "Rational expectations and the theory of economic policy," Journal of Monetary Economics, Elsevier, vol. 2(2), pages 169-183, April.
- John H. Kareken & Arthur J. Rolnick & Neil Wallace, 1972. "The Thomson-Pierce monthly model: a test for structural change," Working Papers 76, Federal Reserve Bank of Minneapolis.
Articles
- Alexei Deviatov & Neil Wallace, 2014. "Optimal inflation in a model of inside money," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(2), pages 287-293, April.
- Neil Wallace, 2014. "An Attractive Monetary Model with Surprising Implications for Optima: Two Examples," Quarterly Review, Federal Reserve Bank of Minneapolis, issue March, pages 1-16.
- Manjong Lee & Neil Wallace, 2006. "Optimal divisibility when money is costly to produce," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(3), pages 541-556, July.
- Neil Wallace, 2000. "Knowledge of individual histories and optimal payment arrangements," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Sum), pages 11-21.
- Wallace, Neil, 2000. "Comment on Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(4), pages 931-935, November.
- Ricardo de O. Cavalcanti & Neil Wallace, 1999.
"Inside and outside money as alternative media of exchange,"
Proceedings, Federal Reserve Bank of Cleveland, pages 443-468.
- Cavalcanti, Ricardo de O & Wallace, Neil, 1999. "Inside and Outside Money as Alternative Media of Exchange," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(3), pages 443-457, August.
- Taber, Alexander & Wallace, Neil, 1999. "A Matching Model with Bounded Holdings of Indivisible Money," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 961-984, November.
- Ricardo de O. Cavalcanti & Neil Wallace, 1999. "A model of private bank-note issue," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 104-136, January.
- Per Krusell & Neil Wallace, 1999. "Foreword," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 1-1, January.
- Neil Wallace, 1998. "A dictum for monetary theory," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 22(Win), pages 20-26.
- Wallace, Neil, 1997.
"Short-Run and Long-Run Effects of Changes in Money in a Random-Matching Model,"
Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1293-1307, December.
- Neil Wallace, 1996. "Short-run and long-run effects of changes in money in a random matching model," Working Papers 568, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1997. "Absence-of-double-coincidence models of money: a progress report," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 21(Win), pages 2-20.
- Neil Wallace, 1997. "S. Rao Aiyagari: my student and my teacher," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 21(Sum), pages 2-4.
- Neil Wallace, 1996.
"Search-theoretic models of international currency - commentary,"
Proceedings, Federal Reserve Bank of St. Louis, vol. 78(May), pages 136-138.
- Neil Wallace, 1996. "Search-theoretic models of international currency - commentary," Review, Federal Reserve Bank of St. Louis, vol. 78(May), pages 136-138.
- Neil Wallace, 1996. "Narrow banking meets the Diamond-Dybvig model," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 20(Win), pages 3-13.
- Bruce A. Champ & Neil Wallace & Warren E. Weber, 1992. "Resolving the national bank note paradox," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 16(Spr), pages 13-21.
- Richard M. Todd & Neil Wallace, 1992. "SPDAs and GICs: like money in the bank?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 16(Sum), pages 2-17.
- Aiyagari, S Rao & Wallace, Neil, 1992. "Fiat Money in the Kiyotaki-Wright Model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(4), pages 447-464, October.
- Neil Wallace, 1990. "A suggestion for oversimplifying the theory of money," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 14(Win), pages 19-26.
- Neil Wallace, 1990. "A banking model in which partial suspension is best," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 14(Fall), pages 11-23.
- Neil Wallace, 1988. "Another attempt to explain an illiquid banking system: the Diamond and Dybvig model with sequential service taken seriously," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 12(Fall), pages 3-16.
- Martin S. Eichenbaum & Neil Wallace, 1985. "A shred of evidence on public acceptance of privately issued currency," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 9(Win).
- Preston J. Miller & Neil Wallace, 1985. "International coordination of macroeconomic policies: a welfare analysis," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 9(Spr).
- Neil Wallace, 1984. "Some of the choices for monetary policy," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Win).
- David T. Beers & Thomas J. Sargent & Neil Wallace, 1983. "Speculations about the speculation against the Hong Kong dollar," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 7(Fall).
- Neil Wallace, 1983. "A legal restrictions theory of the demand for \\"money\\" and the role of monetary policy," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 7(Win).
- Donald Hester & Jerry L. Jordan & James L. Pierce & Neil Wallace, 1982. "Alternative intermediate instruments of monetary policy: panel presentation," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 215-251.
- Sargent, Thomas J & Wallace, Neil, 1982. "The Real-Bills Doctrine versus the Quantity Theory: A Reconsideration," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1212-1236, December.
- Thomas J. Sargent & Neil Wallace, 1981.
"Some unpleasant monetarist arithmetic,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 5(Fall).
- Thomas J. Sargent & Neil Wallace, 1984. "Some Unpleasant Monetarist Arithmetic," Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetarism in the United Kingdom, pages 15-41, Palgrave Macmillan.
- Wallace, Neil, 1981.
"A Modigliani-Miller Theorem for Open-Market Operations,"
American Economic Review, American Economic Association, vol. 71(3), pages 267-274, June.
- Neil Wallace, 1979. "A Modigliani-Miller theorem for open-market operations," Staff Report 44, Federal Reserve Bank of Minneapolis.
- Bryant, John & Wallace, Neil, 1980.
"Open-Market Operations in a Model of Regulated, Insured Intermediaries,"
Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 146-173, February.
- John Bryant & Neil Wallace, 1978. "Open-market operations in a model of regulated, insured intermediaries," Staff Report 34, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1980. "Integrating micro and macroeconomics: an application to credit controls," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 4(Fall).
- Bryant, John & Wallace, Neil, 1979. "The Inefficiency of Interest-bearing National Debt," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 365-381, April.
- Neil Wallace, 1979.
"Why markets in foreign exchange are different from other markets,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 3(Fall).
- Neil Wallace, 1990. "Why markets in foreign exchange are different from other markets," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 14(Win), pages 12-18.
- John H. Kareken & Neil Wallace, 1978. "International monetary reform: the feasible alternatives," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 2(Sum).
- Kareken, John H & Wallace, Neil, 1978.
"Deposit Insurance and Bank Regulation: A Partial-Equilibrium Exposition,"
The Journal of Business, University of Chicago Press, vol. 51(3), pages 413-438, July.
- John H. Kareken & Neil Wallace, 1977. "Deposit insurance and bank regulation: a partial equilibrium exposition," Staff Report 16, Federal Reserve Bank of Minneapolis.
- Neil Wallace, 1977. "Why the Fed should consider holding M0 constant," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 1(Sum).
- Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-254, April.
- Sargent, Thomas J & Wallace, Neil, 1974. "The Elasticity of Substitution and Cyclical Behavior of Productivity, Wages, and Labor's Share," American Economic Review, American Economic Association, vol. 64(2), pages 257-263, May.
- Muench, Thomas & Wallace, Neil, 1974. "On Stabilization Policy: Goals and Models," American Economic Review, American Economic Association, vol. 64(2), pages 330-337, May.
- Sargent, Thomas J & Wallace, Neil, 1973. "The Stability of Models of Money and Growth with Perfect Foresight," Econometrica, Econometric Society, vol. 41(6), pages 1043-1048, November.
- Kareken, John H & Muench, Thomas & Wallace, Neil, 1973. "Optimal Open Market Strategy: The Use of Information Variables," American Economic Review, American Economic Association, vol. 63(1), pages 156-172, March.
- Sargent, Thomas J & Wallace, Neil, 1973. "Rational Expectations and the Dynamics of Hyperinflation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 328-350, June.
- Wallace, Neil, 1972. "An Approach to the Study of Money and Nonmoney Exchange Structures," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(4), pages 838-847, November.
- Kareken, John H & Wallace, Neil, 1972. "The Monetary Instrument Variable Choice: How Important?: Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(3), pages 723-729, August.
- Sargent, Thomas J & Wallace, Neil, 1971. "Market Transaction Costs, Asset Demand Functions, and the Relative Potency of Monetary and Fiscal Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 3(2), pages 469-505, May.
- Wallace, Neil, 1970. "The Determination of the Stock of Reserves and the Balance of Payments in a Neo-Keynesian Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 2(3), pages 269-290, August.
- Wallace, Neil, 1969. "Buse on Meiselman-A Comment," Journal of Political Economy, University of Chicago Press, vol. 77(4), pages 524-527, Part I, J.
Chapters
- Yoel Haitovsky & Neil Wallace, 1972. "A Study of Discretionary and Nondiscretionary Monetary and Fiscal Policies in the Context of Stochastic Macroeconometric Models," NBER Chapters, in: Economic Research: Retrospect and Prospect, Volume 1, The Business Cycle Today, pages 261-309, National Bureau of Economic Research, Inc.
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Featured entries
This author is featured on the following reading lists, publication compilations, Wikipedia, or ReplicationWiki entries:- Neil Wallace in Wikipedia (German)
- Neil Wallace in Wikipedia (Dutch)
NEP Fields
NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 8 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.- NEP-MON: Monetary Economics (8) 1999-12-08 2002-03-14 2002-03-14 2002-03-14 2002-03-14 2002-03-14 2004-04-04 2007-08-14. Author is listed
- NEP-CBA: Central Banking (3) 2002-03-14 2002-03-14 2007-08-14
- NEP-DGE: Dynamic General Equilibrium (3) 1999-12-08 2004-04-04 2007-08-14
- NEP-MAC: Macroeconomics (1) 2007-08-14
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