Department of Economics at Illinois State University Department of Economics at Illinois State University Department of Economics at Illinois State University

Faculty


George Waters

Associate Professor
  • CURRENT COURSES
  • ECO 441Sec 1 Adv Macroeco Thry I
  • ECO 241Sec 1 Intermed Macro
  • ECO 215Sec 1 Money And Banking
  • TEACHING INTERESTS
  • Macroeconomics, Money and Banking, Game Theory
  • RESEARCH INTERESTS
  • Macro/Monetary Economics, Game Theory, Models of Learning, Asset Pricing
  • Ph D Economics - 2002
  • University of North Carolina - Chapel Hill
  • Chapel Hill, NC
  • MS Mathematics - 1995
  • California State University - Easy Bay
  • Hayward, CA
  • BA Mathematics - 1988
  • Northwestern University
  • Evanston, IL
  • SELECTED PUBLICATIONS
  • “Quantity versus Price Rationing of Credit: An Empirical Test” International Journal of Financial Studies, 2013, 1, 45-53

  • “Quantity Rationing of Credit and the Phillip’s Curve” Journal of Macroeconomics, 2013, 13, 68-80

  • “On the Evolutionary Stability of Rational Expectations” with William R. Parke, Macroeconomic Dynamics, 2014, 18(7), 1581-1606

  • “Dangers of Commitment under Rational Expectations” Journal of Economics and Finance, 2011, 35(4), 371-381

  • “Instability in the Cobweb Model under the BNN Dynamic” Journal of Mathematical Economics, 2010, 46(2), 230-237

  •  “Chaos in the Cobweb Model with a New Learning Dynamic,” Journal of Economic Dynamics and Control, 2009, 33(6), 1201-1216

  •  “Equity Price Bubbles in the Middle Eastern and North African Financial Markets" with Mohammad R. Jahan-Parvar, Emerging Markets Review, 2010, 11(1), 39-48

  • ”Learning, Commitment and Monetary Policy,” Macroeconomic Dynamics, 13(4), 2009, 421-449

  • “Interest Rate Pass Through and Asymmetric Adjustment: Evidence from the Federal Funds Rate Operating Target Period” with James E. Payne Applied Economics, 40(11), 2008, 1355-1362

  • “Unit Root Testing for Bubbles: A Resurrection?” Economics Letters 101(3), 2008, 279-281

  • “An Evolutionary Game Theory Explanation of ARCH” with William R. Parke Journal of Economic Dynamics and Control 31(7), 2007, 2234-2262

  • “Have Equity REITs Experienced Periodically Collapsing Bubbles?” with James E. Payne Journal of Real Estate Finance and Economics 34(2), 2007, 207-224

  • “Regime Changes, Learning and Monetary Policy” Journal of Macroeconomics 29(2), 2007, 255-282

  • “REIT Markets and Rational Speculative Bubbles: An Empirical Investigation” with James E. Payne Applied Financial Economics 17(9), 2007, 747-753

  • “Dangers of Commitment: Monetary Policy with Adaptive Learning” Journal of Economics and Finance 30(1), 2006, 93-104

  • “REIT Markets: Periodically Collapsing Negative Bubbles?” with James E. Payne Applied Financial Economics Letters 1(2), 2005, 65-69

  • PRESENTATIONS