Prof. Dr. Aleksander Berentsen

Dekan und Professor für Wirtschaftstheorie
aleksander.berentsen-at-unibas.ch

Büro 4.52
Faculty of Business and Economics
University of Basel
Peter Merian-Weg 6
4002 Basel
Switzerland

Tel.
+41 61 207 12 05

Vollgeld-Initiative

Am 1. Dezember 2015 wurde die Vollgeld-Initiative eingereicht. Sie strebt eine radikale Abkehr vom bestehenden Zahlungs- und Finanzsystem an. Eine Reform des Zahlungs- und Finanzsystem stellt eine weitreichende Veränderung dar, welche die gesamte Bevölkerung im Kern des täglichen Wirtschaftslebens betrifft. Wir haben Informationen zur Vollgeld-Initiative bereit gestellt. Wir zeigen auf, was der Hintergrund der Vollgeld-Initiative ist, was sie ändern möchte, wo ihre Schwächen liegen und welche Alternativen es gibt.

 

Kurzbio (full CV):

Aleksander Berentsen ist seit 2005 Professor für Wirtschaftstheorie an der Wirtschaftswissenschaftlichen Fakultät der Universität Basel, wo er zurzeit das Amt des Dekans innehat. Seine Forschungsinteressen umfassen Geldtheorie, Geldpolitik, Makroökonomie und Finanzwirtschaft. Zurzeit liegt sein Forschungsschwerpunkt auf der Fragestellung wie Zentralbanken geldpolitische Instrumente wie Negativzinsen oder Bilanzverlängerungen einsetzen sollten, um auf makroökonomische Schocks zu reagieren. Aleksander Berentsen studierte an den Universitäten Basel und Bern und an der London School of Economics. Längere Forschungsaufenthalte führten ihn an die University of California in Berkeley, die University of Pennsylvania, die Université Paris Dauphine und als Bundesbankprofessor an die Freie Universität Berlin. Zwischen 2014 und 2016 war Aleksander Berentsen externer Berater bei der Schweizerischen Nationalbank. Seit 2009 ist er Research Fellow an der Federal Reserve Bank von St. Louis. Wissenschaftliche Artikel veröffentlichte er unter anderem in der American Economic Review, dem Review of Economic Studies und dem Journal of Monetary Economics. In seiner Freizeit spielt er Tennis, renoviert Riads in Marrakesch und schreibt Zeitungsartikel.

 

Publications:

Limelight on Dark Markets: Theory and Experimental Study of Liquidity and Information, Journal of Economic Dynamics and Control, forthcoming.
With Michael McBride, University of California at Irvine, USA and Guillaume Rocheteau, University of California at Irvine, USA.

Limited Commitment and the Demand for Money, The Economic Journal, forthcoming.
With Samuel Huber, University of Basel, Switzerland, and Alessandro Marchesiani, University of Liverpool, United Kingdom. 

The Societal Benefits of a Financial Transaction Tax, European Economic Review, forthcoming.
With Samuel Huber, University of Basel, Switzerland, and Alessandro Marchesiani, University of Liverpool, United Kingdom.

Monetary Policy with Asset-Backed Money, 2016.
Journal of Economic Theory, 164(July), 166–186.
With David Andolfatto, Federal Reserve Bank of St. Louis and Simon Fraser University and Christopher Waller, Federal Reserve Bank of St. Louis, USA.

Financial Innovations, Money Demand and the Welfare Cost of Inflation, 2015.
Journal of Money, Credit and Banking, 47(2), 223-261. With Samuel Huber, University of Basel, Switzerland, and Alessandro Marchesiani, University of Liverpool.

Optimal Stabilization Policy with Search Externalities, 2015.
Macroeconomic Dynamics, 19(3), 669-700.
With Christopher Waller, Federal Reserve Bank of St.Louis, USA.

Floor Systems for Implementing Monetary Policy: Some Unpleasant Fiscal Arithmetic, 2014.
Review of Economic Dynamics, 17(3), 523-542.
With Alessandro Marchesiani, University of Liverpool, and Christopher Waller, Federal Reserve Bank of St. Louis, USA.

Degreasing the Wheels of Finance, 2014.
International Economic Review, 55(3), 735-763.
With Samuel Huber, University of Basel and Alessandro Marchesiani, University of Liverpool.

Optimal Disclosure Policy and Undue Diligence, 2014.
Journal of Economic Theory, 149, 128-152.
With David Andolfatto, Federal Reserve Bank of St. Louis and Simon Fraser University and Christopher Waller, Federal Reserve Bank of St. Louis, USA.

Liquidity, Innovation and Growth, 2012.
Journal of Monetary Economics, 59, 721-737.
With Mariana Rojas Breu, Université Paris Dauphine, France, and Shouyong Shi, University of Toronto, Canada.

Price Level Targeting and Stabilization Policy, 2011.
Journal of Money, Credit and Banking, 43(7), 559-580.
With Christopher Waller, Federal Reserve Bank of St. Louis, 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, Federal Reserve Bank of St. Louis, 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.
additional material

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, University of Bern, Switzerland.

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, Federal Reserve Bank of St. Louis, USA.

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, Chapman University, USA, and Christopher Waller, 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, Chapman University, USA, and Christopher Waller, 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, Bank of Canada, 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 Termes 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.

 

Other writings

The fallacy of a cashless society (also Cash and Negative Interest Rates), 2016.

Suerf Conference Proceedings, with Fabian Schär.

 

Working Papers:

Exit Strategies and Trade Dynamics in Repo Markets, 2016.
With Sébastien Kraenzlin, Swiss National Bank, and Benjamin Müller, Swiss National Bank and University of Basel.

A Tale of Fire Sales and Liquidity Hoarding, 2014.
With Benjamin Müller, Swiss National Bank and University of Basel.

Free-Riding on Liquidity, 2012.
With Samual Huber, University of Basel, Switzerland, and Alessandro Marchesiani, University of Liverpool.

 

Letzte Änderung: 05.12.2016



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