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Christopher J. Waller Senior Vice President and Director of Research

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Books and Book Chapters

"A Formal Analysis of Incentives in Strategic Interactions Involving an International Development Cooperation Agency"
with Roy Gardner
in C. Gibson, K. Andersson, E. Ostrom and K. Shivakumar, eds., The Samaritan's Dilemma: The Political Economy of Development Aid, 2005, Oxford University Press: Oxford.

"Monetary Policy in a Heterogeneous Space"
in Etienne Farvaque and Gaël Lagadec, eds., European Economic Integration: Problems and Analyses, 2002, De Boek: Brussels.

Regional Aspects of Monetary Union
Jürgen von Hagen and Christopher J. Waller, eds., 1999, Kluwer: Boston, MA.

"Do Local Banks Matter for the Local Economy? In Search of a Regional Credit Channel"
with Sandra Hanson McPherson
in Gregory Hess and Eric van Wincoop, eds., Intranational Macroeconomics, 2000, Cambridge University Press: Cambridge.

"Intranational Financial Integration: Evidence from the Canadian Banking Industry"
with Sandra Hanson McPherson
in Jürgen von Hagen and Christopher J. Waller, eds., Regional Aspects of Monetary Union, 1999, Kluwer: Boston, MA.

Articles Published in Peer-Reviewed Journals

"Random Matching and Money in the Neoclassical Growth Model: Some Analytical Results"
FORTHCOMING: Macroeconomic Dynamics
Abstract | Full Text (PDF)

"Intensive vs. Extensive Margin Tradeoffs in a Simple Monetary Search Model"
with Sébastien Lotz and Andrei Shevchenko
Les Annales d'Economie et Statistique, April/June 2008, 86, pp. 138-48.

"Bargaining and the Value of Money"
with Guillaume Rocheteau and S. Boraǧan Aruoba
Journal of Monetary Economics, November 2007, 54(8), pp. 2636–55.

"Money, Credit and Banking"
with Aleks Berentsen and Gabriele Camera
Journal of Economic Theory, July 2007, 135(1), pp. 171-95.

"Heterogeneity and Lotteries in Monetary Search Models"
with Sébastien Lotz and Andrei Shevchenko
Journal of Money, Credit and Banking, March/April 2007, 39(2/3), pp. 703-13.

More Articles in Academic Journals and Books

Federal Reserve Publications

"Dual Currency Economies as Multiple Payment Systems"
with Ben Craig
Federal Reserve Bank of Cleveland Economic Review, 2000, 36(1), pp. 2-13.

"Comment on 'Assessing the Political Viability of Labor Market Reform: The Case of Employment Protection'"
Federal Reserve Bank of St. Louis Review, May/June 1999, 81(3), pp. 89-91.

"Performance Contracts for Central Bankers"
Federal Reserve Bank of St. Louis Review, September/October 1995, 77(5), pp. 1-16.

Other Publications, Book Reviews and Edited Volumes

"It's up. It's down. Wait, it's back up, …The U.S. Economy in 2002"
Kentucky Annual Economic Report, Center for Business and Economic Research, University of Kentucky, 2003.

"Modeling Monetary Economies"
by Bruce Champ and Scott Freeman, 2001
Atlantic Economic Journal, June 2002, pp. 213-18.

"'Dr.s Bush and Greenspan you are needed in trauma…' The U.S. Economy in 2001"
Kentucky Annual Economic Report, Center for Business and Economic Research, University of Kentucky, 2002.

More Publications, Book Reviews and Edited Volumes

Working Papers

2009-056A "Outside Versus Inside Bonds: A Modigliani-Miller type result for liquidity constrained economies" - October 2009
with Aleksander Berentsen
Abstract | Full Text (PDF)

2009-035A "Dynamic Taxation, Private Information and Money" - August 2009
Abstract | Full Text (PDF)

2009-033B "Price Level Targeting and Stabilization Policy" - August 2009, Revised October 2009
with Aleksander Berentsen
Abstract | Full Text (PDF)

2009-032B "Optimal Stabilization Policy with Endogenous Firm Entry" - August 2009, Revised October 2009
with Aleksander Berentsen
Abstract | Full Text (PDF)

2009-031B "Money and Capital: A Quantitative Analysis" - August 2009, Revised October 2009
with S. Borağan Aruoba and Randall Wright
Abstract | Full Text (PDF)

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Education

Degree	Institution	Major	Date
Ph.D.	Washington State University	Economics	1985
M.A.	Washington State University	Economics	1984
B.S.	Bemidji State University	Economics	1981