Christopher J. Waller

Federal Reserve Banks - Federal Reserve Bank of St. Louis

411 Locust St

Saint Louis, MO 63011

United States

University of Notre Dame - Department of Economics

434 Flanner Hall

Notre Dame, IN 46556

United States

http://www.nd.edu/~cwaller/

SCHOLARLY PAPERS

34

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Scholarly Papers (34)

1.

Money, Credit and Banking

CESifo Working Paper Series No. 1617, IEW Working Paper No. 219
Number of pages: 39 Posted: 17 Jan 2006
Aleksander Berentsen, Gabriele Camera and Christopher J. Waller
University of Basel - Economics Department, Chapman University - Economic Science Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 330 (89,286)

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Money, credit, rationing, banking

2.

Money and Capital

FRB of Cleveland Working Paper No. 07-14
Number of pages: 58 Posted: 17 Oct 2007 Last Revised: 23 Oct 2007
S. Borağan Aruoba, Christopher J. Waller and Randall Wright
University of Maryland - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 193 (154,355)

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bargaining, price taking, centralized markets, decentralized markets, capital, inflation, investment, welfare

On the Theoretical Efficacy of Quantitative Easing at the Zero Lower Bound

FRB St. Louis Working Paper No. 2015-27
Number of pages: 37 Posted: 06 Oct 2015 Last Revised: 03 Jan 2019
Paola Boel and Christopher J. Waller
Sveriges Riksbank - Research Division and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 62 (349,584)

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Money, Heterogeneity, Stabilization Policy, Zero Lower Bound, Quantitative Easing

On the Theoretical Efficacy of Quantitative Easing at the Zero Lower Bound

Riksbank Research Paper Series No. 134, Sveriges Riksbank Working Paper Series No. 310
Number of pages: 38 Posted: 18 May 2016
Paola Boel and Christopher J. Waller
Sveriges Riksbank - Research Division and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 32 (461,019)

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Money, Heterogeneity, Stabilization Policy, Zero Lower Bound, Quantitative Easing

4.
Downloads 92 (275,220)

Channel Systems: Why is There a Positive Spread?

Number of pages: 40 Posted: 17 Nov 2010
Aleksander Berentsen, Alessandro Marchesiani and Christopher J. Waller
University of Basel - Economics Department, University of Bath - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 42 (417,823)

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Monetary policy, open market operations, standing facilities

Floor Systems for Implementing Monetary Policy: Some Unpleasant Fiscal Arithmetic

Federal Reserve Bank of St. Louis Working Paper No. 2010-049B
Number of pages: 45 Posted: 12 Nov 2010 Last Revised: 26 Sep 2013
Aleksander Berentsen, Alessandro Marchesiani and Christopher J. Waller
University of Basel - Economics Department, University of Minho - Economic Policies Research Unit (NIPE) and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 30 (471,151)

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Monetary policy, floor system, channel system, standing facilities

Channel Systems: Why is There a Positive Spread?

CESifo Working Paper Series No. 3251
Number of pages: 40 Posted: 25 Nov 2010
Aleksander Berentsen, Alessandro Marchesiani and Christopher J. Waller
University of Basel - Economics Department, University of Bath - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 20 (529,954)

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monetary policy, open market, operations, standing facilities

5.
Downloads 80 (299,959)

Monetary Policy with Asset-Backed Money

University of Zurich, Department of Economics, Working Paper No. 198
Number of pages: 29 Posted: 24 Jul 2015
David Andolfatto, Aleksander Berentsen and Christopher J. Waller
Simon Fraser University (SFU) - Department of Economics, University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 55 (371,333)

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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
David Andolfatto, Aleksander Berentsen and Christopher J. Waller
Simon Fraser University (SFU) - Department of Economics, University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 25 (498,969)

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Money, Capital, Friedman rule, Optimal inflation

6.

The Distribution of Money Balances and the Non-Neutrality of Money

IEW Working Paper No. 220
Number of pages: 40 Posted: 12 Jan 2005
Aleksander Berentsen, Gabriele Camera and Christopher J. Waller
University of Basel - Economics Department, Chapman University - Economic Science Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 77 (306,857)

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Distribution, non-neutrality, money

7.

Currency Competition in a Fundamental Model of Money

FRB of Cleveland Working Paper No. 03-11
Number of pages: 28 Posted: 01 Nov 2007
Gabriele Camera, Ben R. Craig and Christopher J. Waller
Chapman University - Economic Science Institute, Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 76 (309,187)

Abstract:

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money, currency substitution, search

8.

Bargaining and the Value of Money

FRB of Cleveland Working Paper No. 05-01
Number of pages: 28 Posted: 31 Oct 2007
Guillaume Rocheteau and Christopher J. Waller
Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 70 (323,759)

Abstract:

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money, bargaining, search, inflation

9.

Introduction to the Macroeconomic Dynamics: Special Issues on Money, Credit, and Liquidity

FRB of Chicago Working Paper No. 2010-14
Number of pages: 19 Posted: 26 Nov 2010 Last Revised: 05 Dec 2010
Ed Nosal, Christopher J. Waller and Randall Wright
Federal Reserve Banks - Federal Reserve Bank of Atlanta, Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 64 (339,490)

Abstract:

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Money, Credit, Liquidity

10.

Quantifying the Shadow Economy: Measurement with Theory

Federal Reserve Bank of St. Louis Working Paper Series No. 2011-015A
Number of pages: 33 Posted: 31 May 2011
Pere Gomis-Porqueras, Adrian Peralta-Alva and Christopher J. Waller
University of Miami - Department of Economics, Federal Reserve Bank of St. Louis and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 59 (353,578)

Abstract:

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informal sector, search, money, credit

Outside Versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Economies

CESifo Working Paper Series No. 3272
Number of pages: 42 Posted: 09 Dec 2010
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 27 (487,212)

Abstract:

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liquidity, financial markets, monetary policy, search

Outside Versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Economies

Institute for Empirical Research in Economics University of Zurich Working Paper No. 443
Number of pages: 41 Posted: 25 Sep 2009
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 18 (542,757)

Abstract:

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liquidity, financial markets, monetary policy, search

Outside Versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Economies

Federal Reserve Bank of St. Louis Working Paper No. 2009-056A
Number of pages: 41 Posted: 30 Oct 2009
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 12 (581,753)

Abstract:

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Liquidity, Financial markets, Monetary policy, Search

12.

Optimal Stabilization Policy with Flexible Prices

CESifo Working Paper Series No. 1638
Number of pages: 35 Posted: 18 Jan 2006
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 49 (384,928)

Abstract:

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13.

Money and Capital: A Quantitative Analysis

Federal Reserve Bank of St. Louis Working Paper No. 2009-031A
Number of pages: 58 Posted: 10 Aug 2009
S. Borağan Aruoba, Christopher J. Waller and Randall Wright
University of Maryland - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 48 (388,459)

Abstract:

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money, capital, search

14.

Microfoundations of Money: Why They Matter

Review, Vol. 97, Issue 4, pp. 289-301, 2015
Number of pages: 14 Posted: 28 Mar 2016
Christopher J. Waller
Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 39 (420,976)

Abstract:

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15.
Downloads 39 (420,976)

Optimal Disclosure Policy and Undue Diligence

University of Zurich Economics Working Paper No. 45
Number of pages: 28 Posted: 24 Nov 2011
David Andolfatto, Aleksander Berentsen and Christopher J. Waller
Simon Fraser University (SFU) - Department of Economics, University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 20 (529,954)

Abstract:

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Monetary Policy, liquidity, financial markets

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
David Andolfatto, Aleksander Berentsen and Christopher J. Waller
Simon Fraser University (SFU) - Department of Economics, University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 19 (536,347)

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Monetary Policy, Central Banking, Supply of Money and Credit

16.

Dynamic Taxation, Private Information and Money

FRB of St. Louis Working Paper No. 2009-035A
Number of pages: 32 Posted: 10 Aug 2009
Christopher J. Waller
Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 35 (437,226)

Abstract:

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Money, Search, Taxation, Mirrlees

17.

Optimal Stabilization Policy with Endogenous Firm Entry

FRB of St. Louis Working Paper No. 2009-032B
Number of pages: 46 Posted: 06 Aug 2009 Last Revised: 02 Nov 2009
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 34 (441,389)

Abstract:

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Money, Search, Entry, Stabilization

18.

Outside versus Inside Bonds

University of Zurich Institute for Empirical Research in Economics Working Paper No. 372
Number of pages: 37 Posted: 20 May 2008
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 25 (484,538)

Abstract:

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Liquidity, Financial markets, Monetary policy, Search

19.

Floor Systems for Implementing Monetary Policy: Some Unpleasant Fiscal Arithmetic

University of Zurich Department of Economics Working Paper No. 121
Number of pages: 47 Posted: 04 Jul 2013 Last Revised: 02 Oct 2013
Aleksander Berentsen, Alessandro Marchesiani and Christopher J. Waller
University of Basel - Economics Department, University of Minho - Economic Policies Research Unit (NIPE) and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 22 (501,178)

Abstract:

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Monetary policy, floor system, channel system, standing facilities

20.

The Distribution of Money and Prices in an Equilibrium with Lotteries

Zurich IEER Working Paper No. 174
Number of pages: 30 Posted: 07 Feb 2005
Aleksander Berentsen, Gabriele Camera and Christopher J. Waller
University of Basel - Economics Department, Chapman University - Economic Science Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 22 (501,178)

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Money, Search, Lotteries, Price Dispersion, Wealth Distribution

21.

Nominal Exchange Rate Determinacy Under the Threat of Currency Counterfeiting

FRB St. Louis Working Paper No. 2015-28
Number of pages: 35 Posted: 06 Oct 2015 Last Revised: 06 Mar 2019
Pedro Gomis-Porqueras, Timothy Kam and Christopher J. Waller
Monash University, Australian National University (ANU) - Research School of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 20 (512,488)

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Multiple Currencies, Counterfeiting Threat, Liquidity, Exchange Rates

22.

The Distribution of Money Balances and the Nonneutrality of Money

International Economic Review, Vol. 46, No. 2, pp. 465-487, May 2005
Number of pages: 23 Posted: 05 May 2005
Aleksander Berentsen, Gabriele Camera and Christopher J. Waller
University of Basel - Economics Department, Chapman University - Economic Science Institute and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 18 (524,117)
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23.

Price Level Targeting and Stabilization Policy

FRB of St. Louis Working Paper No. 2009-033B
Number of pages: 37 Posted: 08 Aug 2009 Last Revised: 01 Nov 2009
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 17 (529,861)

Abstract:

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Money, Stabilization, Search

24.

Jack of All Trades or a Master of One? Specialization, Trade, and Money

International Economic Review, Vol. 44, pp. 1275-1294, November 2003
Number of pages: 20 Posted: 20 Oct 2003
Gabriele Camera, Robert R. Reed III and Christopher J. Waller
Chapman University - Economic Science Institute, University of Kentucky - Gatton College of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 15 (541,365)
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25.

Liquidity Premiums on Government Debt and the Fiscal Theory of the Price Level

FRB St. Louis Working Paper No. 2017-8
Number of pages: 21 Posted: 30 Mar 2017 Last Revised: 05 Jan 2019
Aleksander Berentsen and Christopher J. Waller
University of Basel - Economics Department and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 14 (547,257)

Abstract:

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Price level, Fiscal Policy, Liquidity

26.

Random Matching and Money in the Neoclassical Growth Model: Some Analytical Results

Number of pages: 20 Posted: 08 Aug 2009
Christopher J. Waller
Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 14 (547,257)

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Money, Growth, Capital, Search

27.

Optimal Taxes Under Private Information: The Role of the Inflation Tax

FRB St. Louis Working Paper No. 2017-14
Number of pages: 43 Posted: 15 Jun 2017 Last Revised: 05 Jan 2019
Pedro Gomis-Porqueras and Christopher J. Waller
Monash University and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 12 (559,130)

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Inflation, Monetary Policy, Fiscal Policy

28.

Who Exactly Benefits from Too Big to Fail?

Economic Synopses, Issue 13, pp. 1-3, 2016
Number of pages: 3 Posted: 30 Jun 2016 Last Revised: 04 May 2018
Christopher J. Waller
Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 10 (571,260)

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29.

Currency Portfolios and Currency Exchange in a Search Economy

Bundesbank Series 1 Discussion Paper No. 2001,15
Number of pages: 48 Posted: 08 Jun 2016
Christopher J. Waller and Ben R. Craig
Federal Reserve Banks - Federal Reserve Bank of St. Louis and Federal Reserve Bank of Cleveland
Downloads 3 (616,980)

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30.

Can Monetizing Trade Lower Welfare? An Example

Economics Letters, Vol. 81, No. 2, 2003
Number of pages: 13 Posted: 21 Dec 2014
Gabriele Camera, Robert R. Reed III and Christopher J. Waller
Chapman University - Economic Science Institute, University of Kentucky - Gatton College of Business and Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 2 (626,701)

Abstract:

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money, specialization, lotteries

31.

Corruption: Top Down or Bottom Up?

Posted: 28 Sep 2000
Christopher J. Waller, Thierry Verdier and Roy Gardner
Federal Reserve Banks - Federal Reserve Bank of St. Louis, Paris School of Economics (PSE) and Indiana University Bloomington - Department of Economics

Abstract:

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32.

Currency Portfolios and Nominal Exchange Rates in a Dual Currency Search Economy

FRB of Cleveland, Research Department Working Paper No. 9916
Posted: 23 Apr 2000
Ben R. Craig and Christopher J. Waller
Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of St. Louis

Abstract:

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33.

Central Banking as a Political Principal-Agent Problem

Economic Inquiry, Vol. 35, No. 2, pp. 378-393, April 1997
Posted: 09 Mar 1998
Michele U. Fratianni, Jürgen von Hagen and Christopher J. Waller
Indiana University - Kelley School of Business - Department of Business Economics & Public Policy, University of Bonn - Institute of Economic Policy and Federal Reserve Banks - Federal Reserve Bank of St. Louis

Abstract:

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monetary policy, political business cycles, central banking

34.

Central-Bank Independence, Economic Behavior, and Optimal Term Lengths

AMERICAN ECONOMIC REVIEW, Vol 86 No 5, December 1996
Posted: 17 Feb 1997
Christopher J. Waller and Carl E. Walsh
Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of California at Santa Cruz

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