George Waters
Professor
Office
STV Stevenson Hall 427
Office Phone
Email
- About
- Education
- Selected Research
Biography
George Waters is an Professor of Economics whose primary research interests are in Macro/Monetary Economics, Game Theory, Time Series and Models of Learning. One area of his work uses an Evolutionary Game Theory approach to show how changes in forecasting strategies among traders in asset markets can explain many features of stock market bubbles. Another stand of research focuses on modeling credit markets and their relationship to the macroeconomy. Professor Waters' work appears in the Journal of Economic Dynamics and Control, the Journal of Mathematical Economics and Macroeconomic Dynamics. He has a wide range of teaching experience from elementary to graduate level including courses in mathematical economics, money and banking, graduate macroeconomics, and game theory at Washington and Lee University and Illinois State Univerity.
Current Courses
ECO 103.001 Individual And Social Choice
ECO 441.001 Advanced Macroeconomic Theory I
ECO 241.001 Intermediate Macroeconomic Theory
Teaching Interests & Areas
Macroeconomics, Money and Banking, Game Theory
Research Interests & Areas
Macro/Monetary Economics, Game Theory, Models of Learning, Asset Pricing
Ph D Economics
University of North Carolina - Chapel Hill
Chapel Hill, NC
MS Mathematics
California State University - Easy Bay
Hayward, CA
BA Mathematics
Northwestern University
Evanston, IL
Book, Chapter
Careful Price Level Targeting
George Waters.
(2015), doi:10.1108/S1571-038620150000024014, Book Series: International Symposia in Economic Theory and Econometrics, Emerald Insights
Journal Article
On the Evolutionary Stability of Rational Expectations
George Waters, William R. Parke.
Macroeconomics Dynamics, 18 (7), 1581-1606, (2013)
Quantity Rationing of Credit and the Phillips Curve
George Waters.
Journal of Macroeconomics, 13, 68-80, (2013)
Quantity versus Price Rationing of Credit: An Empirical Test
George Waters.
International Journal of Financial Studies, 1, 45-53, (2013)
Dangers of Commitment under Rational Expectations
George Waters.
Journal of Economics and Finance, 35 (4), 371-381, (2011)
Instability in the Cobweb Model under the BNN Dynamic
George Waters.
Journal of Mathematical Economics, 46 (2), 230-237, (2010)
Chaos in the Cobweb Model with a New Learning Dynamic
George Waters.
Journal of Economic Dynamics and Control, 33 (6), 1201-1216, (2009)
Equity Price Bubbles in the Middle Eastern and North African Financial Markets
George Waters, Mohammed Jahan-Parvar.
Emerging Market Review, 46 (2), 230-237, (2009)
Learning, Commitment and Monetary Policy
George Waters.
Macroeconomic Dynamics, 13 (4), 421-449, (2009)
Interest Rate Pass Through and Asymmetric Adjustment: Evidence from the Federal Funds Rate Operating Target Period
George Waters, James Payne.
Applied Economics, 40 (11), 1355-1362, (2008)
Unit Root Testing for Bubbles: A Resurrection?
George Waters.
Economics Letters, 101 (3), 1355-1362, (2008)
An Evolutionary Game Theory Explanation of ARCH
George Waters, William R. Parke.
Journal of Economic Dynamics and Control, 31 (7), 2234-2262, (2007)
Have Equity REITs Experienced Periodically Collapsing Bubbles?
George Waters, James Payne.
Journal of Real Estate Finance and Economics, 34 (2), 207-224, (2007)
REIT Markets and Rational Speculative Bubbles: An Empirical Investigation
George Waters, James Payne.
Applied Financial Economics, 17 (9), 747-753, (2007)
Regime Changes, Learning and Monetary Policy
George Waters.
Journal of Macroeconomics, 29 (2), 255-282, (2007)
Dangers of Commitment: Monetary Policy with Adaptive Learning
George Waters.
Journal of Economics and Finance, 30 (1), 93-104, (2006)
REIT Markets: Periodically Collapsing Negative Bubbles?
George Waters, James Payne.
Applied Financial Economics Letters, 1 (2), 65-69, (2005)
Working Paper
Quantity Rationing of Credit
George Waters.
Bank of Finland Research Discussion Papers, 2012 (3), 24, (2012)
Presentations
Endogenous Rational Bubbles
George Waters.
conference of Midwest Economics Association, Evanston, IL, , 2012
Endogenous Rational Bubbles
George Waters.
conference of the Illinois Economics Association, Chicago, , 2012
Endogenous Rational Bubbles
George Waters.
conference of the Society for Computing in Economics and Finance, Prague, CZ, , 2012
Careful Price Level Targeting
George Waters.
ISU Department of Economics Brown Bag lunch, Online, , 2012
Quantity Rationing of Credit and the Phillips Curve
George Waters.
Midwest Macro Meetings, South Bend, IN, , 2012
Endogenous Rational Bubbles
George Waters.
Northern Illinois University Department of Economics seminar series, Illinois, , 2012
Endogenous Rational Bubbles
George Waters.
University of Wisconsin – Whitewater seminar series, Online, October, 2011
Endogenous Rational Bubbles
George Waters.
ISU Department of Economics Brown Bag lunch, Illinois, September, 2011
On the Evolutionary Stability of Rational Expectations
George Waters.
conference of the Society for Computing in Economics and Finance, San Francisco, July, 2011
Quantity Rationing of Credit and the Phillips Curve
George Waters.
CERGE-EI, Prague, Czech Republic, March, 2011
On the Evolutionary Stability of Rational Expectations
George Waters.
Research Group on Theoretical and Applied Economics, Pessac, France, March, 2011
Quantity Rationing of Credit
George Waters.
Institute for Economic Research, Zagreb, Croatia, February, 2011