Navigate: Home Posts by David Andolfatto

David Andolfatto

Affiliation: Simon Fraser University and St. Louis Fed

David Andolfatto is a Vice President in the Research Division of the Federal Reserve Bank of St. Louis. He is also a professor of economics at Simon Fraser University.

Professor Andolfatto earned his Ph.D. in economics from the University of Western Ontario in 1994, M.A. and B.B.A. from Simon Fraser University. He was associate professor at the University of Waterloo before moving to Simon Fraser University in 2000.

His current research is focused on reconciling theories of money and banking. His past research has examined questions relating to the business cycle, contract design, bank-runs, unemployment insurance, monetary policy regimes, endogenous debt constraints, and technology diffusion.

Visit: MacroMania, David Andolfatto's Page




David Andolfatto's Latest Articles | 63

Keystone Kops and Deficient Demand

Nov 12, 2011| 

Domestic capital spending has been very slow to recover in the U.S. following the official end of the previous recession. Why is this the case? Deficient demand,... Read »

Fiscal Multipliers: Another Caveat

Nov 10, 2011| 

James Hamilton reminds us of what all Econ 101 students learn (or are supposed to learn) about the peculiarities of national income and product accounting and the... Read »

It’s Not the Uncertainty–It’s the Certainty

Oct 4, 2011| 

I have moved over to the “it’s not the uncertainty” camp. The president’s statement below seems to make it absolutely certain what rewards... Read »

European Banks and U.S. Dollars

Sep 28, 2011| 

I sometimes get asked why European banks are in apparent need of US dollars, and why the Fed lending money to the European Central Bank (ECB). Ah, the wacky world... Read »

Commodity Money: It’s Back! (and it sucks)

Sep 23, 2011| 

You may recall hearing that earlier this year, J.P. Morgan began to accept gold as collateral for some types of loans. The story can be found here. Here is an excerpt: Gold... Read »

Interest Rates and Slumps: Competing Views

Sep 22, 2011| 

As Paul Krugman notes here, the nominal interest rates on U.S. Treasuries are at historic lows. He seems to take this as vindication for his view that more government... Read »

Fiat Money in Theory and in Somalia

Aug 29, 2011| 

A classic question in the theory of money is how an intrinsically useless object like fiat money can possess exchange value. The modern theory of money has essentially... Read »

Time to Replace the Core Inflation Measure?

Apr 14, 2011| 

As almost everyone knows, inflation appears to be ticking upward. PCE inflation has recently approached an annual rate of around 5%. However, core inflation–the... Read »

Ron Paul’s Money Illusion (Sequel)

Mar 23, 2011| 16

As I promised to do here, I am posting a sequel to my original column: Ron Paul’s Money Illusion. I want to thank everyone who took the time to comment... Read »

Enough of This “Out of Thin Air!” Stuff

Mar 8, 2011| 2

Have you ever said something like “Let me buy you a beer next week”? I’m sure you have. We all issue promises of this sort. And we frequently use... Read »

« Previous Page — Next Page »

Our Partners: