Dean Corbae

Dean Corbae is the William Sellery Trukenbrod Chair in Finance and a professor in the department of Finance, Investment, and Banking at the Wisconsin School of Business. He also holds a tenured appointment in the Economics department at UW.

Before coming to Wisconsin, Corbae was the Sebastian Centennial Professor of Business Administration at the University of Texas at Austin. Corbae has been a visiting professor at the Wharton School of the University of Pennsylvania and Cambridge University, as well as a Visiting Scholar at the Federal Reserve Banks of Chicago, Cleveland, Dallas, Minneapolis, Philadelphia, and St. Louis.

Corbae is a research associate of the National Bureau of Economic Research. His research has been supported by the National Science Foundation and the Gates Foundation through the Consortium on Financial Systems and Poverty. He has held editorial positions at the Journal of Economic Theory and the International Economic Review, among others.

Corbae is the co-author of "An Introduction to Mathematical Analysis for Economic Theory and Econometrics" published by Princeton University Press. His research in macroeconomics and econometrics has been published in Econometrica, the Journal of Political Economy, and others.

His current research projects focus on consumer credit and bankruptcy, foreclosures, and banking industry dynamics.

Corbae earned his B.A. in economics from Colgate University and his Ph.D. from Yale University.

Selected Published Journal Articles

• Corbae, D. & D'Erasmo, P. (2016). Foreign Competition and Banking Industry Dynamics: An Application to Mexico. International Monetary Fund Economic Review (63), 830-867.
• Corbae, D. (2015). Comments on Large Banks, Loan Rate Markup, and Monetary Policy. International Journal of Central Banking (11), 179-192.
• Corbae, D. & Marimon, R. (2011). Introduction to Incompleteness and Uncertainty in Economics. Journal of Economic Theory (146), 775-784.
• Corbae, D. & Marimon, R. (2011). Introduction to Incompleteness and Uncertainty in Economics. Journal of Economic Theory (146), 775-784. doi: 10.1016/j.jet.2011.05.001.
• Chen, D. & Corbae, D. (2011). On the Welfare Implications of Restricting Bankruptcy Information. Journal of Macroeconomics (33), 4-13. doi: 10.1016/j.jmacro.2011.01.001.
• Corbae, D. & D'Erasmo, P. & Kuruscu, B. (2009). Politico-Economic Consequences of Rising Wage Inequality". Journal of Monetary Economics (56), 43-61. doi: 10.1016/j.jmoneco.2008.08.012.
• Corbae, D. & Duffy, J. (2008). Experiments with Network Formation. Games and Economic Behavior (64), 81-120. doi: 10.1016/j.geb.2007.10.008.
• Corbae, D. & Chatterjee, S. & Rios-Rull, J. (2008). A Finite-Life Private-Information Theory of Unsecured Debt. Journal of Economic Theory (142), 149-177. doi: 10.1016/j.jet.2007.01.018.
• Chatterjee, S. & Corbae, D. (2007). On the Aggregate Welfare Cost of Great Depression Unemployment. Journal of Monetary Economics (54), 1529-1544.
• Chatterjee, S. & Corbae, D. & Nakajima, M. & Rios-Rull, J. (2007). A Quantitative Theory of Unsecured Consumer Credit with Risk of Default. Econometrica (75), 1525-1589.
• Corbae, D. & Ritter, J. (2004). Decentralized Credit and Monetary Exchange without Public Record Keeping. Journal of Economic Theory (24), 933-951. doi: 10.1007/s00199-003-0418-8.
• Corbae, D. & Temzelides, T. & Wright, R. (2003). Directed Matching and Monetary Exchange. Econometrica (71), 731-756. doi: 10.1111/1468-0262.00424.
• Corbae, D. & Neely, C. & Weller, P. (2003). Endogenous Realignments in a Target Zone. Oxford Economic Papers (55), 494-511. doi: 10.1093/oep/55.3.494.
• Corbae, D. & Cooper, R. (2002). Financial Collapse: A Lesson from the Great Depression. Journal of Economic Theory (107), 159-190. doi: 10.1006/jeth.2001.2951.
• Corbae, D. & Ouliaris, S. & Phillips, P. (2002). Band Spectral Regression with Trending Data. Econometrica (70), 1067-1109. doi: 10.1111/1468-0262.00319.
• Corbae, D. & Temzelides, T. & Wright, R. (2002). Money and Matching. American Economic Review (92), 67-71. doi: 10.1257/000282802320189023.
• Corbae, D. & Camera, G. (1999). Money and Price Dispersion. International Economic Review (40), 985-1008. doi: 10.1111/1468-2354.00050.
• Corbae, D. & Chatterjee, S. (1996). Money and Finance with Costly Commitment. Journal of Monetary Economics (37), 225-248. doi: 10.1016/S0304-3932(96)90035-5.
• Corbae, D. & Chatterjee, S. (1996). Valuation Equlibria with Transaction Costs. American Economic Review (85), 284-290.
• Corbae, D. & Ouliaris, S. & Phillips, P. (1994). A Reexamination of the Consumption Function Using Frequency Domain Regressions. Empirical Economics (19), 595-609. doi: 10.1007/BF01205817.
• Corbae, D. (1993). Relaxing the Cash-In-Advance Constraint at a Fixed Cost: Are Simple Trigger-Target Portfolio Rules Optimal?. Journal of Economic Dynamics and Control (17), 51-64. doi: 10.1016/S0165-1889(06)80004-7.
• Corbae, D. & Lim, K. & Ouliaris, S. (1992). On Cointegration and Tests of Forward Market Unbiasedness. Review of Economics and Statistics (74), 728-732.
• Corbae, D. & Chatterjee, S. (1992). Endogenous Market Participation and the General Equilibrium Value of Money. Journal of Political Economy (100), 615-646.
• Corbae, D. & Ouliaris, S. (1990). A Test of Long-run PPP Allowing for Structural Breaks. Economic Record (67), 26-33. doi: 10.1111/j.1475-4932.1990.tb02525.x.
• Corbae, D. & Ouliaris, S. (1989). A Random Walk throgh the Gibson Paradox. Journal of Applied Econometrics (4), 295-303. doi: 10.1002/jae.3950040307.
• Corbae, D. & Ouliaris, S. (1988). Cointegration and Tests of Purchasing Power Parity. Review of Economics and Statistics (70), 508-511.
• Corbae, D. & Ouliaris, S. (1986). Robust Tests for Unit Roots in the Foreign Exchange Market. Economics Letters (22), 375-380. doi: 10.1016/0165-1765(86)90101-1.
• Corbae, D. & Ouliaris, S. (1985). The Demand for Money: A Variable Adjustment Model. Economics Letters (18), 197-200. doi: 10.1016/0165-1765(85)90180-6.

Presentations

• Booth Business School (University of Chicago) ( 2013 )
• Central Bank of Norway ( 2013 )
• CSEF-IGIER Symposium on Economics and Institutions ( 2013 )
• European Central Bank ( 2013 )
• Global Banking Conference at London Business School ( 2013 )
• Macro Dynamics at London Business School ( 2013 )
• NYU Stern Business School ( 2013 )
• Ohio State ( 2013 )
• Sciences Po Macro Finance Conference ( 2013 )
• UCLA ( 2013 )
• University of Minnesota Finance ( 2013 )
• USC ( 2013 )
• ASSA meetings ( 2012 )
• Baumol-Tobin Conference at NYU ( 2012 )
• Federal Reserve Bank of Atlanta ( 2012 )
• Notre Dame University ( 2012 )
• Said Business School (Oxford) ( 2012 )
• Boston University ( 2011 )
• BU/Boston Fed Conference on Macro-Finance Linkages ( 2011 )
• Conference on Consumer Credit at Cambridge University ( 2011 )
• Conference on Money and Markets at the University of Toronto ( 2011 )
• Econometric Society Summer Meetings ( 2011 )
• Federal Reserve Bank of Chicago ( 2011 )
• NBER Conference on Space and Time in Macroeconomics ( 2011 )
• University of Rochester ( 2011 )
• Bank of Canada ( 2010 )
• Bank of England ( 2010 )
• Cowles Conference On General Equilibrium at Yale ( 2010 )
• European University Institute ( 2010 )
• Institute for Fiscal Studies (London) ( 2010 )
• International Monetary Fund ( 2010 )
• MIT ( 2010 )
• Oxford University ( 2010 )
• Society for Economic Dynamics ( 2010 )
• University of Cambridge ( 2010 )
• University of Maryland ( 2010 )
• University of Toronto ( 2010 )
• Chicago Fed Summer Workshop on Money/Banking/Payments and Finance ( 2009 )
• Carnegie-Rochester Conference ( 2008 )
• Conference on Recent Developments in Money ( 2006 )
• Decentralization Conference ( 2003 )
• Recent Developments in Money and Finance ( 2003 )
• Conference on Coordination ( 2002 )

Undergraduate Courses

Financial Markets, Institution (FIN 305 Section 1), Spring 2012. Download Syllabus

Graduate Courses

PhD Corporate Finance (FIN 971), Spring 2013. Download Syllabus

Ph.D. Computation (ECO/FIN 899), Fall 2015.

(ECO/FIN 899), Fall 2012.

(ECO/FIN 899), Fall 2011.

(ECO/FIN 899), Fall 2013. Download Syllabus

Ph.D. Macroeconomics (ECO/FIN 712), Fall 2015.

Macroeconomics (ECO/FIN 712), Fall 2015.

Learning/Teaching Oriented Publications

• Corbae, D. & Stinchcombe, M. & Zeman, J. (2009). An Introduction to Mathematical Analysis for Economic Theory and Econometrics.
• Corbae, D. & Chatterjee, S. (2008). Great Depression, Monetary and Financial Forces In. The New Palgrave Dictionary of Economics, Second Edition (3), 760-763.
• Corbae, D. (2008). Smith, Bruce. The New Palgrave Dictionary of Economics, Second Edition. (7), page # 568.
• Corbae, D. & Ouliaris, S. (2006). Extracting Cycles from Nonstationary Data. Economic Theory and Practice: Frontiers of Analysis and Applied Research
• Corbae, D. & Durlauf, S. & Hansen, B. (2006). Econometric Theory and Practice: Frontiers of Analysis and Applied Research.
• Corbae, D. (1993). Comments on Contracting Costs, Inflation and Relative Price Variability. Journal of Money, Credit and Banking (25), 602-608.