Hostname: page-component-78c5997874-fbnjt Total loading time: 0 Render date: 2024-11-20T06:22:10.226Z Has data issue: false hasContentIssue false

AN INTERVIEW WITH NEIL WALLACE

Published online by Cambridge University Press:  01 March 2016

David Altig
Affiliation:
Federal Reserve Bank of Atlanta
Ed Nosal*
Affiliation:
Federal Reserve Bank of Chicago
*
Address correspondence to: Ed Nosal, 230 S. LaSalle St., Chicago, IL 60604, USA; e-mail: [email protected].

Abstract

A few years ago we sat down with Neil Wallace and had two lengthy, free-ranging conversations about his career and, generally speaking, his views on economics. What follows is a distillation of these conversations.

Type
MD Interview
Copyright
Copyright © Cambridge University Press 2016 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

The views expressed here do not necessarily represent those of the Federal Reserve Banks of Atlanta and Chicago or the Board of Governors of the Federal Reserve System.

References

REFERENCES

Arrow, K. (1951) Social Choice and Individual Values. New Haven, CT: Yale University Press.Google Scholar
Boldrin, M. and Levine, D. (2008) Against Intellectual Monopoly. Cambridge, UK: Cambridge University Press.CrossRefGoogle Scholar
Cavalcanti, R. and Wallace, N. (1999) A model of private bank-note issue. Review of Economic Dynamics 2, 104136.CrossRefGoogle Scholar
Cavalcanti, R. and Wallace, N. (1999) Inside and outside money as alternative media of exchange. Journal of Money, Credit and Banking 31, 443457.Google Scholar
Diamond, W. and Dybvig, P. (1983) Bank runs, deposit insurance, and liquidity. Journal of Political Economy 91, 401419.CrossRefGoogle Scholar
Friedman, M. (1951) A Program for Monetary Stability. New York: Fordham University Press.Google Scholar
Hicks, J. (1935) A suggestion for simplifying the theory of money. Economica 2, 119.CrossRefGoogle Scholar
Hu, T., Kennan, J., and Wallace, N. (2009) Coalition-proof trade and the Friedman rule in the Lagos–Wright model. Journal of Political Economy 117, 116137.Google Scholar
Kandori, M. (1992) Repeated games played by overlapping generations of players. Review of Economic Studies 59, 8192.Google Scholar
Kareken, J. (1983) Deposit insurance reform; or, deregulation is the cart, not the horse. Federal Reserve Bank of Minneapolis Quarterly Review 7 (2), 19.Google Scholar
Kareken, J. and Wallace, N. (1981) On the indeterminacy of equilibrium exchange rates. Quarterly Journal of Economics 96, 207222.CrossRefGoogle Scholar
Kockerlakota, N. (1998) Money is memory. Journal of Economic Theory 81, 232251.Google Scholar
Lagos, R. and Wright, R. (2005) A unified framework for monetary theory and policy analysis. Journal of Political Economy 113, 463484.Google Scholar
Lucas, R. (1972) Expectations and neutrality of money. Journal of Economic Theory 4, 103124.Google Scholar
Modigiliani, F. (1994) Liquidity preference and the theory of interest and money. Econometrica 12, 4588.CrossRefGoogle Scholar
Ostroy, J. (1973) The informational efficiency of monetary exchange. American Economic Review 63, 597610.Google Scholar
Prescott, E. (2002) Richard T. Ely lecture: Prosperity and depression. American Economic Review 92, 115.Google Scholar
Samuelson, P. (1958) An exact consumption-loan model of interest with or without the social contrivance of money. Journal of Political Economy 66, 467482.Google Scholar
Sargent, T. and Wallace, N. (1975) “ Rational” expectations, the optimal monetary instrument, and the optimal money supply rule. Journal of Political Economy 83, 241254.Google Scholar
Sargent, T. and Wallace, N. (1981) Some unpleasant monetarist arithmetic. Federal Reserve Bank of Minneapolis Quarterly Review 5 (3), 17.Google Scholar
Smith, A. (1977) An Inquiry into the Nature and Causes of the Wealth of Nations. Chicago: Chicago University Press.Google Scholar
Theil, H. (1958) Economic Forecasts and Policy. Amsterdam: North-Holland.Google Scholar
Thomas, L. (1978) Lives of a Cell. London, UK: Penguin.Google Scholar
Townsend, R. (1987) Economic organization with limited communication. American Economic Review 77, 954971.Google Scholar
Wallace, N. (1979) Why markets in foreign exchange are different from other markets. Federal Reserve Bank of Minneapolis Quarterly Review 3 (4), 17.Google Scholar
Wallace, N. and Zhu, T. (2007) Float on a note. Journal of Monetary Economics 54, 229246.Google Scholar