Education
Ph.D. Economics
Washington State University
1985
M.A. Economics
Washington State University
1984
B.S. Economics
Bemidji State University
1981
Contact Info
Phone: (314) 444-6237
Fax: (314) 444-8731
Email: cwaller@stls.frb.org
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
Christopher J. Waller
Senior Vice President and Director of Research
Articles Published in Peer-Reviewed Journals
"Random Matching and Money in the Neoclassical Growth Model: Some Analytical Results"
FORTHCOMING: Macroeconomic Dynamics
"Price Level Targeting and Stabilization Policy"
with Aleksander Berentsen
Journal of Money, Credit, and Banking, October 2011, 43(Supplement s2), pp. 559-80.
"Outside Versus Inside Bonds: A Modigliani-Miller type result for liquidity constrained economies"
with Aleksander Berentsen
Journal of Economic Theory, September 2011, 146(5), pp. 1852-87.
"Money and Capital: A Quantitative Analysis"
with S. Borağan Aruoba and Randall Wright
Journal of Monetary Economics, March 2011, 58(2), pp. 98-116.
"Introduction to the Macroeconomic Dynamics Special Issues on Money, Credit, and Liquidity"
with Ed Nosal and Randall Wright
Macroeconomic Dynamics, December 2010, 15(Supplement 1), pp. 1-9.
Federal Reserve Publications
"Independence + Accountability: Why the Fed Is a Well-Designed Central Bank"
Federal Reserve Bank of St. Louis Review, September/October 2011, 93(5), pp. 293-302.
"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.
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.
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.
Working Papers
"Optimal Disclosure Policy and Undue Diligence"
with David Andolfatto and Aleksander Berentsen
Working Paper 2012-001A posted January 2012
"Quantifying the Shadow Economy: Measurement with Theory"
with Pere Gomis-Porqueras and Adrian Peralta-Alva
Working Paper 2011-015A posted May 2011
"Channel Systems: Why Is There a Positive Spread?"
with Aleksander Berentsen and Alessandro Marchesiani
Working Paper 2010-049A posted November 2010
"Dynamic Taxation, Private Information and Money"
Working Paper 2009-035A posted August 2009
"Optimal Stabilization Policy with Endogenous Firm Entry"
with Aleksander Berentsen
Working Paper 2009-032B posted August 2009