Profile Major Works Resources

Neil Wallace, 1939-

 

New Classical macroeconomist at Minnesota from 1974 to 1994.  Since 1999, he has been at Pennsylvania State University.

 

  


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Major Works of Neil Wallace

  • "Rational Expectations and the Dynamics of Hyperinflation", with T. Sargent, 1973, IER
  • "The Stability of Models of Money and Growth with Perfect Foresight", with N. Wallace 1973, Econometrica
  • ""Rational" Expectations, the Optimal Monetary Instrument and the Optimal Money Supply Rule", with T. Sargent, 1975, JPE.
  • "Rational Expectations and the Theory of Economic Policy", with T. Sargent, 1976, JME.
  • "Deposit Insurance and Bank Regulation: A partial equilibrium exposition", with J.H. Kareken, 1978, J of Business
  • "The Inefficiency of Interest-Bearing Debt", with J. Bryant, 1979, JPE
  • "Integrating Micro and Macroeconomics: An application to credit controls", 1980, FRB Minneapolis QR
  • "The Overlapping Generations Model of Fiat Money", 1980, in Kareken and Wallace, editors, Models of Monetary Economies
  • "A Modigliani-Miller Theorem for Open Market Operations", 1981, AER
  • "A Hybrid Fiat-Commodity Monetary System", 1981, JET
  • "On the Indeterminacy of Equilibrium Exchange Rates", with J.H. Kareken, 1981, QJE
  • "Some Unpleasant Monetarist Arithmetic", with T.J. Sargent, 1981, FRB Minneapolis QR
  • "The Real Bills Doctrine vs the Quantity Theory: A reconsideration", with T. Sargent, 1982, JPE.
  • "A Legal Restrictions Theory of the Demand for Money and the Role of Monetary Policy", 1983, FRB Minneapolis QR
  • "A Model of Commodity Money", with T. Sargent, 1983, JME.
  • "A Price Discrimination Analysis of Monetary Policy", with  J. Bryant, 1984, RES
  • "Interest on Reserves", with T. Sargent, 1985, JME
  • "Some Unsolved Problems in Monetary Theory", 1987, in Barnett and Singleton, editors, New Approaches in Monetary Economics
  • "Some Alternative Monetary models and their Implications for Open Market Policy", 1989, in Barro, editor, Modern Business Cycle Theory

 


HET

 

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Resources on Neil Wallace

  • Neil Wallace faculty page at Penn State
  • Neil Wallace page at FRB Minneapolis [defunct]
  • "Interview with Neil Wallace" at Region, FRB Minneapolis, 2013 [online]
  • "Interview with Neil Wallace" at FRB Chicago 2013 [online]
  • Wallace papers at ideas/repec
  • "Learning from Nobel Laureates - and another who should have earned the prize" at Minnesota Post, 2011 [online]
  • Wikipedia

 

 
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