David R. Stockman

Education:

• Ph.D., Economics, University of Chicago
• B.A., Mathematics and Economics, University of Missouri

Teaching Interests:

• Macroeconomics
• Mathematical Economics

Research Interests:

• Macroeconomics
• Optimal fiscal and monetary policy
• Indeterminacy and chaos in dynamic general equilibrium models

Recent Publications:

• "Chaotic Sets and Euler Equation Branching,'' (with Brian Raines), forthcoming, Journal of Mathematical Economics
• "Fixed points imply chaos for a class of differential inclusions that arise in economic models,'' (with Brian Raines), forthcoming, Transactions of the American Mathematical Society
• "Chaos and Capacity Utilization under Increasing Returns to Scale," forthcoming, Journal of Economic Behavior & Organization
• "Basins of Measures on Inverse Limit Spaces for the Induced Homeomorphism," (with Judy Kennedy and Brian Raines), Ergodic Theory and Dynamical Systems, Volume 30, Issue 04, August 2010, pp. 1119-1130.
• "Balanced-Budget Rules: Chaos and Deterministic Sunspots," Journal of Economic Theory, Volume 145, Issue 3, May 2010, pp. 1060-1085.
• "Chaos and Sector-Specific Externalities," Journal of Economic Dynamics & Control, Volume 33,   Issue 12, pp. 2030-2046 ,December 2009.
  
• "Uniform Measures on Inverse Limit Spaces," Applicable Analysis, Applicable Analysis, Volume 88, No. 2, pp. 293--299, February 2009.
• "The Inverse Limits Approach to Chaos," (with Judy Kennedy and James Yorke),Journal of Mathematical  Economics, Volume 44, Issues 5-6, pp. 423--444, April 2008.
• "Chaotic Equilibria in Models with Backward Dynamics," Journal of Economic Dynamics and Control, Vol. 32, 939–955, 2008.
• "Sunspots in a Cash-in-Advance Model: A Quantitative Assessment," Journal of Macroeconomics, Vol. 29, Issue 1, pp. 123-144, March 2007.
• "Inverse Limits and an Implicitly Defined Difference Equation from Economics" (with Judy Kennedy and James A. Yorke), Topology and Its Applications, Volume 154, Issue 13, 1 July 2007, pp. 2533-2552.
• "Money as Real Options in a Cash-in-Advance Economy" (with Stacie Beck), Economics Letters, Vol. 87, pp. 337-345, 2005.
• "Default, Reputation and Balanced-Budget Rules," Review of Economic Dynamics, Vol. 7, No. 2, pp. 382-405  April 2004.
• "Balanced-Budget Rules: Welfare Loss and Optimal Policies," Review of Economic Dynamics, Vol. 4, no. 2, April, 2001.