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Short Bio:

Aleksander Berentsen is Professor of Economic Theory at the University of Basel. His research interest includes monetary economics, macroeconomics, and financial economics. He studied at the Universities of Basel and Bern and at the London School of Economics. He held visiting positions at the University of California in Berkley, the University of Pennsylvania, the University of Zurich, and the Free University of Berlin. He is currently research fellow at the Federal Reserve Bank of St. Louis. He has published academic articles in the American Economic Review, Journal of Economic Theory, Review of Economic Studies, Journal of Money Credit and Banking, Journal of Monetary Economics, International Economic Review, and European Economic Review.

Current Teaching:

HS 2011:
23347-01 Einführung in die Spieltheorie und experimentelle Ökonomie (BA)
10180-01 Seminar: Spieltheorie in der Betriebswirtschaftslehre (BA)
24258-01 Seminar: Bachelorarbeit in Spieltheorie in der Betriebswirtschaftslehre (BA)
20394-01 Seminar: Monetary Economics (MSc)

Publications:

Price Level Targeting and Stabilization Policy, 2011.
Journal of Money, Credit and Banking, 43(7), 559-580.
With Christopher Waller, University of Notre Dame, USA.

Outside Versus Inside Bonds: A Modigliani-Miller Type Result for Liquidity Constrained Households, 2011.
Journal of Economic Theory, 146, 1852–1887.
With Christopher Waller, University of Notre Dame, USA.

Inflation and Unemployment in the Long Run, 2011.
American Economic Review, 101(1), 371-98.
With Guido Menzio, University of Pennsylvania, USA and Randall Wright, University of Wisconsin-Madison.

Central Bank Design with Heterogeneous Agents, 2009.
European Economic Review, 53(2), 139-152.
With Carlo Strub, University Of Basel.

Monetary Policy in a Channel System, 2008.
Journal of Monetary Economics, 55(6), 1067-1080.
With Cyril Monnet, Federal Reserve Bank of Philadelphia.

Learning, Public Good Provision and the Information Trap, 2008.
Journal of Public Economics, 92, 998-1010.
With Simon Loertscher, University of Melbourne, USA and Esther Bruegger, NERA Economic Consulting, USA.

On Cheating, Doping and Whistleblowing, 2008.
European Journal of Political Economy, 24(2), 415-436.
With Simon Loertscher, University of Melbourne, USA and Esther Bruegger, NERA Economic Consulting, USA.

Friedman Meets Hosios: Efficiency in Search Models of Money, 2007.
The Economic Journal 117 (516), 174-195.
With Guillaume Rocheteau, Federal Reserve Bank of Cleveland, USA, and Shouyong Shi, University of Toronto, Canada.

Money, Credit and Banking, 2007.
Journal of Economic Theory, 135(1), 171-195.
With Gabriele Camera, Purdue University, USA, and Christopher Waller, University of Notre Dame, USA.

Friedman Meets Hosios: Efficiency in Search Models of Money, 2007.
Economic Journal, 117(516), 174-195.
With Guillaume Rocheteau, University of California at Irvine, USA, and Shouyong Shi, University of Toronto, Canada.

On the Private Provision of Fiat Currency, 2006.
European Economic Review, 50(7), 1683-1698.

The Distribution of Money Holdings and the Non-Neutrality of Money, 2005.
International Economic Review, 46(2), 465-487.
With Gabriele Camera, University of Iowa, USA, and Christopher Waller, University of Notre Dame and Federal Reserve Bank of St. Louis, USA.

Money and Information, 2004.
Review of Economic Studies, 71, 915-944.
With Guillaume Rocheteau, University of California at Irvine, USA.

The Distribution of Money and Prices in an Equilibrium with Lotteries, 2004.
Economic Theory, 24(4), 887-906.
With Gabriele Camera, Perdue University, USA, and Christopher Waller,
University of Notre Dame and Federal Reserve Bank of St. Louis, USA.
Reprinted in “Recent developments in money and finance,” G. Camera ed.,
Springer.

Fraudulent Accounting and Other Doping Games, 2004.
Journal of Institutional and Theoretical Economics, 160(3), 402-415.
With Yvan Lengwiler, University of Basel.

Money and the Gains from Trade, 2003.
International Economic Review, 44(1), 263-297.
With Guillaume Rocheteau, Federal University of California at Irvine, USA.

On the Friedman Rule in Search Models of Money, 2003.
B.E. Journals in Macroeconomics (Contributions to Macroeconomics), Vol. 3, Issue 1.
With Guillaume Rocheteau, University of California at Irvine, USA.

The Economics of Doping, 2002.
European Journal of Political Economy, 18(1), 109-127.

On the Distribution of Money Holdings in a Random-Matching Model, 2002.
International Economic Review, 43(3), 945-954.

On the Efficiency of Monetary Exchange. How Divisibility of Money Matters, 2002.  Journal of Monetary Economics, 49(8), 1621-1649.
With Guillaume Rocheteau, University of California at Irvine, USA.

Indivisibilities, Lotteries, and Monetary Exchange, 2002.
Journal of Economic Theory, 107, 70-94.
With Miguel Molico, University of Western Ontario, Canada, and Randall Wright, University of Wisconsin-Madison, USA.

Money in Bilateral Trade, 2002.
Swiss Journal of Economics and Statistics, 138(4), 489-506.
With Guillaume Rocheteau, University of California at Irvine, USA.

Monnaie et Terms de l’échange dans les Modèles de Prospection, 2001.
Revue d’Economie Politique 111 (3), 377-99.
With Guillaume Rocheteau, University of California at Irvine, USA.

Money Inventories in Search Equilibrium, 2000.
Journal of Money, Credit, and Banking, 32(2), 168-178.

Monetary Policy Implications of Digital Money: Reply to Malte Krueger, 1999.
Kyklos (International Review of Social Science), 52(2), 263-264.

Monetary Policy Implications of Digital Money, 1998.
Kyklos (International Review of Social Sciences), 51(1), 89-117.

Working Papers:

The Evolution of Cheating in Asymmetric Contests, 2004. 
With Simon Loertscher, Columbia University, USA and Esther Bruegger, UCLA,USA.

Optimal Stabilization with Flexible Prices, 2006.
With Christopher Waller, University of Notre Dame, USA.

Liquidity, Innovation and Growth, 2009.
With Mariana Rojas Breu, University of Basel and Shouyong Shi, University of Toronto, Canada.

Why is there a positive spread? 2011.
With Alessandro Marchesiani, University of Minho and Christopher Waller, Federal Reserve Bank of St. Louis and University of Notre Dame, USA.

Optimal Disclosure Policy and Undue Diligence, 2011.
With David Andolfatto, Federal Reserve Bank of St. Louis and Simon Fraser University
and Christopher Waller, Federal Reserve Bank of St. Louis and University
of Notre Dame, USA.

Optimal Stabilization Policy with Endogenous Firm Entry, 2011.
With Christopher Waller, Federal Reserve Bank of St.Louis and University of Notre Dame, USA.

Floor Systems for Implementing Monetary Policy: Some Unpleasant Fiscal
Arithmetic, 2011.
With Alessandro Marchesiani, University of Minho and Christopher Waller, Federal Reserve Bank of St. Louis and University of Notre Dame, USA.

Curriculum Vitae:

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