David Andolfatto

Simon Fraser University (SFU) - Department of Economics

8888 University Drive

Burnaby, British Columbia V5A 1S6

Canada

Federal Reserve Bank of St. Louis

411 Locust St

Saint Louis, MO 63011

United States

SCHOLARLY PAPERS

35

DOWNLOADS
Rank 19,328

SSRN RANKINGS

Top 19,328

in Total Papers Downloads

5,019

SSRN CITATIONS
Rank 5,817

SSRN RANKINGS

Top 5,817

in Total Papers Citations

270

CROSSREF CITATIONS

49

Scholarly Papers (35)

1.

Assessing the Impact of Central Bank Digital Currency on Private Banks

FRB St. Louis Working Paper No. 2018-25
Number of pages: 29 Posted: 08 Oct 2018 Last Revised: 30 Apr 2019
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 860 (54,189)
Citation 9

Abstract:

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Digital Currency, Central Banks, Monopoly, Markups

2.

A Model of U.S. Monetary Policy Before and after the Great Recession

Review, Vol. 97, Issue 3, pp. 233-56, 2015
Number of pages: 24 Posted: 06 Oct 2015 Last Revised: 24 Jul 2019
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 406 (138,697)

Abstract:

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3.

Self-Esteem and Labour Market Choices

Number of pages: 45 Posted: 02 Feb 2005
David Andolfatto, Steeve Mongrain and Gordon M. Myers
Simon Fraser University (SFU) - Department of Economics, Simon Fraser University (SFU) - Department of Economics and Simon Fraser University (SFU) - Department of Economics
Downloads 310 (186,106)
Citation 2

Abstract:

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Self-esteem, search, labour market

4.

A Theory of Money and Banking

FRB of Cleveland Working Paper No. 03-10
Number of pages: 33 Posted: 29 Jul 2010
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 275 (210,985)
Citation 1

Abstract:

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money, banking, limited communication, limited information

5.

The Blockchain Revolution: Decoding Digital Currencies

Federal Reserve Bank of St. Louis REVIEW
Number of pages: 17 Posted: 20 Jul 2022
David Andolfatto and Fernando M. Martin
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 253 (229,268)

Abstract:

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blockchain, digital currencies, cryptocurrencies, decentralized finance, central bank digital currency

6.

Is it Time for Some Unpleasant Monetarist Arithmetic?

Number of pages: 18 Posted: 14 Jul 2021 Last Revised: 29 Jul 2021
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 232 (249,409)
Citation 4

Abstract:

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interest rates, monetary policy, inflation, budget deficits

7.
Downloads 193 (295,844)
Citation 27

Money, Banking and Financial Markets

FRB St. Louis Working Paper No. 2017-23
Number of pages: 50 Posted: 07 Sep 2017 Last Revised: 27 Nov 2019
Simon Fraser University (SFU) - Department of Economics, University of Basel - Faculty of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 111 (466,654)
Citation 8

Abstract:

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Federal Reserve Bank of St. Louis, Economic Research, Money, Banks, Financial markets, Lender-of-last-resort, Bank runs

Money, Banking and Financial Markets

University of Zurich, Department of Economics, Working Paper No. 259
Number of pages: 35 Posted: 17 Aug 2017
Simon Fraser University (SFU) - Department of Economics, University of Basel - Faculty of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 82 (573,263)

Abstract:

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Money, Banking, Financial Markets, Monetary Policy

8.

Moral Hazard in the Diamond-Dybvig Model of Banking

FRB of Cleveland Working Paper No. 06-23
Number of pages: 31 Posted: 19 Oct 2007
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 182 (311,850)

Abstract:

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banking, private record-keeping, moral hazard, mechanisms, bank runs

9.

Blockchain: What it is, What it Does, and Why You Probably Don't Need One

Number of pages: 10 Posted: 13 Jun 2018 Last Revised: 20 Mar 2020
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 181 (313,348)
Citation 1

Abstract:

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Reconciling Orthodox and Heterodox Views on Money and Banking

FRB St. Louis Working Paper No. 2018-27
Number of pages: 22 Posted: 10 Oct 2018 Last Revised: 21 Feb 2019
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 112 (463,533)

Abstract:

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Heterodox view, Money, Banking

Reconciling Orthodox and Heterodox Views on Money and Banking

Review of Economic Analysis 10 (2018), 351-370
Number of pages: 20 Posted: 06 Jun 2019
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 50 (745,161)

Abstract:

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Loanable funds, Endogenous money, Banking

11.

Does the Yield Curve Really Forecast Recession?

Economic Synopses, Issue 30, pp. 1-2, 2018
Number of pages: 2 Posted: 04 Feb 2019 Last Revised: 21 Feb 2019
David Andolfatto and Andrew Spewak
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 154 (360,288)

Abstract:

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12.
Downloads 152 (364,116)
Citation 16

Preventing Bank Runs

FRB of Chicago Working Paper No. 2014-19
Number of pages: 30 Posted: 14 Dec 2014
David Andolfatto, Ed Nosal and Bruno Sultanum
Simon Fraser University (SFU) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 77 (595,589)
Citation 14

Abstract:

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bank runs, optimal deposit contract, financial fragility

Preventing Bank Runs

FRB of St. Louis Working Paper No. 2014-021A
Number of pages: 20 Posted: 02 Aug 2014
David Andolfatto, Ed Nosal and Bruno Sultanum
Simon Fraser University (SFU) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 75 (604,755)

Abstract:

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bank runs, optimal deposit contract, financial fragility.

13.
Downloads 139 (391,091)
Citation 8

Monetary Policy with Asset-Backed Money

University of Zurich, Department of Economics, Working Paper No. 198
Number of pages: 29 Posted: 24 Jul 2015
Simon Fraser University (SFU) - Department of Economics, University of Basel - Faculty of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 95 (521,508)
Citation 9

Abstract:

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Limited Commitment, Asset-Backed Money, Optimal Monetary Policy

Monetary Policy with Asset-Backed Money

FRB of St. Louis Working Paper No. 2013-030A
Number of pages: 19 Posted: 23 Oct 2013
Simon Fraser University (SFU) - Department of Economics, University of Basel - Faculty of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 44 (787,305)

Abstract:

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Money, Capital, Friedman rule, Optimal inflation

14.

Rehypothecation and Liquidity

FRB St. Louis Working Paper No. 2015-3
Number of pages: 39 Posted: 19 Aug 2015 Last Revised: 06 Mar 2019
David Andolfatto, Fernando M. Martin and Shengxing Zhang
Simon Fraser University (SFU) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and Peking University HSBC Business School
Downloads 131 (409,778)
Citation 1

Abstract:

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rehypothecation, money, collateral, credit relationships

15.
Downloads 129 (414,641)

Shadow Bank Runs

FRB St. Louis Working Paper No. 2020-012
Number of pages: 29 Posted: 09 Jun 2020
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 73 (614,316)

Abstract:

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Sequential service, fixed costs, bank runs, deposit insurance

Shadow Bank Runs

FRB Atlanta Working Paper No. 2020-14
Number of pages: 29 Posted: 20 Apr 2021
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 56 (706,745)

Abstract:

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shadow banks; bank runs; short-term debt

16.
Downloads 126 (422,045)
Citation 1

Understanding Lowflation

Review, Vol. 101, Issue 1, pp. 1-26, 2019
Number of pages: 26 Posted: 15 Jan 2019 Last Revised: 17 Jul 2019
David Andolfatto and Andrew Spewak
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 68 (639,330)
Citation 1

Abstract:

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Understanding Lowflation

FRB St. Louis Working Paper No. 2018-24
Number of pages: 42 Posted: 02 Oct 2018 Last Revised: 07 Jan 2019
David Andolfatto and Andrew Spewak
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 58 (694,721)

Abstract:

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Inflation, Inflation targeting, Fiscal policy

17.
Downloads 121 (435,220)

Bank Runs Without Sequential Service

FRB Atlanta Working Paper No. 2018-6
Number of pages: 34 Posted: 21 Aug 2018 Last Revised: 29 Apr 2020
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 84 (564,711)

Abstract:

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bank runs, increasing returns to scale, mechanism desigm

Bank Runs Without Sequential Service

FRB St. Louis Working Paper No. 2018-16
Number of pages: 35 Posted: 13 Aug 2018 Last Revised: 21 Feb 2019
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 37 (841,816)

Abstract:

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18.

On the Social Cost of Transparency in Monetary Economies

Federal Reserve Bank of St. Louis Working Paper No. 2010-001A
Number of pages: 24 Posted: 04 Jan 2010
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 116 (449,103)

Abstract:

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Transparency, Nondisclosure, Incentive-Feasible Allocations

19.

On the Supply of, and Demand for, U.S. Treasury Debt

Number of pages: 3 Posted: 13 Jun 2018
David Andolfatto and Andrew Spewak
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 114 (455,055)

Abstract:

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20.

Whither the Price of Bitcoin?

Economic Synopses, Issue 1, pp. 1-2, 2019
Number of pages: 2 Posted: 04 Feb 2019 Last Revised: 28 Feb 2019
David Andolfatto and Andrew Spewak
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 105 (483,252)

Abstract:

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21.
Downloads 92 (527,782)
Citation 12

Optimal Disclosure Policy and Undue Diligence

Federal Reserve Board of Saint Louis Working Paper No. 2012-001A
Number of pages: 28 Posted: 31 Mar 2012
Simon Fraser University (SFU) - Department of Economics, University of Basel - Faculty of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 47 (765,612)
Citation 5

Abstract:

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Monetary Policy, Central Banking, Supply of Money and Credit

Optimal Disclosure Policy and Undue Diligence

University of Zurich Economics Working Paper No. 45
Number of pages: 28 Posted: 24 Nov 2011
Simon Fraser University (SFU) - Department of Economics, University of Basel - Faculty of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 45 (779,995)
Citation 1

Abstract:

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Monetary Policy, liquidity, financial markets

22.

Essential Interest-Bearing Money

Number of pages: 17 Posted: 14 Sep 2009
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 75 (596,358)
Citation 6

Abstract:

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Money, Interest, Friedman rule, Voluntary trade, Incentive-feasible policies, Efficient implementation

23.

The Role of Independence in the Green-Lin Diamond-Dybvig Model

FRB of Cleveland Working Paper No. 06-15
Number of pages: 13 Posted: 19 Oct 2007
David Andolfatto, Ed Nosal and Neil Wallace
Simon Fraser University (SFU) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Atlanta and Pennsylvania State University, College of the Liberal Arts - Department of Economic
Downloads 73 (605,432)
Citation 5

Abstract:

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bank run, implementation

24.

Monetary Policy and Liquid Government Debt

FRB St. Louis Working Paper No. 2018-2
Number of pages: 38 Posted: 13 Jun 2018
David Andolfatto and Fernando M. Martin
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 67 (633,962)

Abstract:

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monetary policy, inflation, Taylor rule, determinacy, Ricardian, liquid bonds

25.

Scarcity of Safe Assets, Inflation, and the Policy Trap

FRB St. Louis Working Paper No. 2015-2
Number of pages: 42 Posted: 19 Aug 2015 Last Revised: 06 Mar 2019
David Andolfatto and Stephen D. Williamson
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 58 (681,239)
Citation 5

Abstract:

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26.

Welfare-Enhancing Inflation and Liquidity Premia

FRB St. Louis Working Paper No. 2023-1
Number of pages: 28 Posted: 01 Feb 2023
David Andolfatto and Fernando M. Martin
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 57 (686,786)

Abstract:

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Friedman rule, liquidity, inflation, term premium

27.

Maturity Structure and Liquidity Risk

FRB St. Louis Working Paper No. 2020-8
Number of pages: 21 Posted: 29 Apr 2020
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 51 (722,281)

Abstract:

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Maturity structure, yield curves, liquidity

28.

Hot Money for a Cold Economy

FRB St. Louis Working Paper No. 2020-019
Number of pages: 22 Posted: 23 Jul 2020
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 46 (754,461)
Citation 1

Abstract:

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29.

Bank Panics and Scale Economies

FRB St. Louis Working Paper No. 2017-9
Number of pages: 29 Posted: 30 Mar 2017 Last Revised: 05 Jan 2019
David Andolfatto and Ed Nosal
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Atlanta
Downloads 45 (761,328)

Abstract:

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30.

Money and Capital as Competing Media of Exchange in a News Economy

Federal Reserve Bank of St. Louis Working Paper 2009-046B
Number of pages: 22 Posted: 16 Sep 2009 Last Revised: 03 Nov 2009
David Andolfatto and Fernando M. Martin
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 43 (775,333)

Abstract:

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money, capital, news, excess volatility

31.

Information Disclosure and Exchange Media

Federal Reserve Bank of St. Louis Research Paper No. 2012-012A
Number of pages: 31 Posted: 13 Jun 2012
David Andolfatto and Fernando M. Martin
Simon Fraser University (SFU) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 40 (796,941)
Citation 7

Abstract:

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Money, Collateral, News, Nondisclosure

32.

Incentive-Feasible Deflation

FRB of St. Louis Working Paper No. 2011-038B
Number of pages: 19 Posted: 12 Apr 2012 Last Revised: 06 Jan 2013
David Andolfatto
Simon Fraser University (SFU) - Department of Economics
Downloads 31 (868,639)
Citation 9

Abstract:

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Friedman rule, deflation, lump-sum taxation, debt constraint

33.

A Theory of Inalienable Property Rights

Posted: 16 Apr 2002
David Andolfatto
Simon Fraser University (SFU) - Department of Economics

Abstract:

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34.

Technology Diffusion and Aggregate Dynamics

Posted: 05 Jan 1999
David Andolfatto and Glenn MacDonald
Simon Fraser University (SFU) - Department of Economics and Washington University in St. Louis - John M. Olin Business School

Abstract:

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35.

Monetary Policy Regimes and Beliefs

CREFE/UQAM Working Paper 48
Posted: 29 Sep 1997
David Andolfatto and Paul Gomme
Simon Fraser University (SFU) - Department of Economics and Concordia University

Abstract:

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