Monetary and Macro Economics

智力优点PI的建议和过去的NSF研究货币经济学使用搜索理论，搜索的其他应用，宏观劳动力模型，以及理论和定量分析的相关主题。货币经济学构成了大部分工作。这项研究产生了影响，帮助开创了一个新的子领域，可以称之为“搜索理论货币经济学”或“货币的宏观与微观基础”。“它最近发展迅速：PI网站上的参考书目只列出了使用最近两次NSF赠款中介绍的方法的工作，到下次更新时将包括100多篇论文。他自己的出版物表明，这项研究正在对期刊产生影响。他还拥有许多现任和前任博士学位。广泛的影响PI的建议和过去的NSF研究不仅在学术界产生了影响，它被认为是相关的政策讨论在许多圈子。近年来，克利夫兰、芝加哥和费城的联邦储备银行、加拿大银行、国际货币基金组织和类似机构都举行了几次会议、研讨会和为期一周的讲习班，专门讨论这一方法。PI正在开发一门新的本科课程，名为“市场与预防”，向大学高年级学生提供这些材料，他在上学期教授了一个实验版本。

Intellectual MeritThe PI's proposed and past NSF research studies monetary economics usingsearch theory, other applications of search, macro-labor models, and relatedtopics in theory and quantitative analysis. Monetary economics constitutesmuch of the work. This research has had an impact, helping start a new subfieldone might call "search-theoretic monetary economics" or "macro withmicrofoundations for money." It has recently grown rapidly: the bibliographyon the PI's website listing only work that uses the approach introduced in histwo recent NSF grants will include over 100 papers by the next update. Hisown publications indicate that the research is having an impact in the journals. He also has many current and former Ph.D. students working in the area.Broader ImpactsThe PI's proposed and past NSF research not only has had an impact in the academic community, it is being recognized as relevant for policy discussion in many circles. In recent years, several conferences, seminars, and week long workshops were devoted to the approach at the Federal Reserve Banks of Cleveland, Chicago and Philadelphia, the Bank of Canada, the IMF, and similar institutions. The PI is in the process of developing a new undergraduate course on "Market with Frictions" that presents this material to college seniors, and he taught an experimental version last semester.