Research
I use experiments and time series to test economic theories about money and banking, charitable giving, and prices. My curriculum vitae is available here: CV (pdf). You can also visit my IDEAS/RePEc profile.
Working Papers
Inflation and Attention Thresholds, Review of Economics and Statistics, (with David Munro and Jiayi Chen)
Latest
Stress Tests and Information Disclosure: An Experimental Analysis, Journal of Banking and Finance, 154, 2023. (with Caleb Cox, Douglas Davis, and John Lightle)
Policy Experiments and Financial Regulation: Using Laboratory Methods to Evaluate Responses to the 2007-2009 Financial Crisis, Journal of Economic Surveys, 37(3), pages 657-687, 2023. (with Douglas Davis)
Spurious Correlation Due to Scaling, Journal of Accounting, Auditing & Finance, forthcoming. (with Robson Glasscock and Jack Dorminey)
Wage bargaining in a matching market: experimental evidence, Labour Economics, forthcoming. (with David Munro)
Playing with money, Journal of Economic Behavior & Organization, forthcoming. (with Douglas Davis & Peter Norman & Bruno Sultanum & Randall Wright)
Liquidity regulation, banking history and financial fragility: An experimental examination, Journal of Economic Behavior & Organization, forthcoming. (with Douglas Davis & John Lightle)
Money and Banking
Liquidity requirements and the interbank loan market: an experimental investigation, Journal of Monetary Economics, 115, pages 113-126, 2020. (with Douglas Davis & John Lightle & Edward Simpson Prescott)
An experimental examination of interbank markets, Experimental Economics, 22, pages 954-979, 2019. (with Douglas Davis & John Lightle)
An experimental analysis of contingent capital with market‐price triggers, Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(5), pages 999-1033, 08, 2014. (with Douglas Davis & Edward Simpson Prescott)
Charitable giving
Giving, taking, earned money, and cooperation in public good games, Economic Letters, Vol. 171, pages 211-213, October 2018. (with Caleb Cox & Edward L. Millner & Laura Razzolini)
Taking aversion, Journal of Economic Behavior & Organization, Vol. 150, pages 297-403, June 2018. (with Edward L. Millner & Laura Razzolini)
Feelings of ownership in dictator games, Journal of Economic Psychology, Vol. 61, pages 145-151, August 2017. (with Edward Millner & Laura Razzolini)
Taking, giving, and impure altruism in dictator games, Experimental Economics, 17(3), pages 488-500, September 2014. (with Edward Millner & Laura Razzolini)
Impure altruism in dictators' giving, Journal of Public Economics, vol. 97(C), pages 1-8, 2013. (with Millner, Edward L. & Razzolini, Laura)
Are dictators averse to inequality?, Journal of Economic Behavior & Organization, vol. 82(2), pages 543-547, 2012. (with Millner, Edward L. & Razzolini, Laura)
Prices and Inflation
Nominal shocks in monopolistically competitive markets: An experiment, Journal of Monetary Economics, vol. 58(6), pages 578-589, 2011. (with Davis, Douglas)
Cooperation without coordination: signaling, types and tacit collusion in laboratory oligopolies, Experimental Economics, vol. 13(1), pages 45-65, March, 2010. (with Douglas Davis & Oleg Korenok & Robert Reilly)
International evidence on the efficacy of new-Keynesian models of inflation persistence, Journal of Applied Econometrics, vol. 25(1), pages 31-54, 2010. (with Stanislav Radchenko & Norman R. Swanson)
Posted Offer Markets In Near-Continuous Time: An Experimental Investigation, Economic Inquiry, vol. 47(3), pages 449-466, 07, 2009. (with Douglas D. Davis)
Re-matching, information and sequencing effects in posted offer markets," Experimental Economics, vol. 12(1), pages 65-86, March, 2009. (with Douglas Davis & Robert Reilly)
Empirical comparison of sticky price and sticky information models, Journal of Macroeconomics, Elsevier, vol. 30(3), pages 906-927, September, 2008.
How Sticky Is Sticky Enough? A Distributional and Impulse Response Analysis of New Keynesian DSGE Models, Journal of Money, Credit and Banking, vol. 39(6), pages 1481-1508, 09, 2007. (with Norman R. Swanson)
The Incremental Predictive Information Associated with Using Theoretical New Keynesian DSGE Models vs. Simple Linear Econometric Models, Oxford Bulletin of Economics and Statistics, vol. 67(s1), pages 905-930, December, 2005. (with Norman R. Swanson)
Other Projects
Individual characteristics and behavior in repeated games: an experimental study, Experimental Economics, vol. 19(1), pages 67-99, March, 2016. (with Douglas Davis & Asen Ivanov )
Non-price determinants of automotive demand: Restyling matters most, Journal of Business Research, vol. 63(12), pages 1282-1289, December, 2010. (with Hoffer, George E. & Millner, Edward L.)
A Note On Demand And Supply Factors In Manufacturing Output Asymmetries, Macroeconomic Dynamics, Cambridge University Press, vol. 13(02), pages 263-277, April, 2009. (with Mizrach, Bruce & Radchenko, Stanislav)
Bayesian Methods in Nonlinear Time Series, Encyclopedia of Complexity and System Science, pages 441-455, 2009.
The role of permanent and transitory components in business cycle volatility moderation, Empirical Economics, Springer, vol. 31(1), pages 217-241, March, 2006. (with Stanislav Radchenko)
Old working papers
Expectations Anchoring in Inflation Targeting Regimes, Working Papers 0503, VCU School of Business, Department of Economics, 2005. (with Stanislav Radchenko)
Monetary Policy Effect on the Business Cycle Fluctuations: Output vs. Index Measures of the Cycle, Macroeconomics 0409015, EconWPA, revised 20 Sep 2004. (with Stanislav Radchenko)