Professor David Eagle's
Professional Home Page
Click here to see the logical errors I found in Woodford's (2003) Model of a Cashless Economy, which is described in Woodford's book, Interest and Prices.
My Papers for the Western Economic Association Meetings (July 2005):
Sounding the Alarm on Inflation Targeting and Indexing click here for pdf file.
Multiple Critiques of Woodford’s Model of a Cashless Economy click here for pdf file.
A (Stable) Monetary Theory of Pegging Interst Rates click here for pdf file.
Other Working Papers:
The Rationality of Index Investing vs. Sport of Investing
The Indexing Paradox -- Be Thankful for Irrational Analysts
The Real Option Embedded in Any Capital Budgeting Decision -- The Solution to a Cost-of-Capital Puzzle (with Dr. Dean Kiefer)
Quasi-real Government Bonds -- Inflation Indexing With Safety (with Dr. Dale Domian)
An Internet-Based System For Distributing, Grading, and Explaining Numerically-Based Homework
Price-Level-Adjusted Mortgages --
Is Their Absence Due to Interest-Rate Risk and Prepayment Risk? (with Dr. Brian Grinder)
Publications:
2004, "Comparing Capital Projects With Unequal Lives: Inflation and Technology Issues," The Journal of Accounting and Finance Research, 12(#7), Winter II, 2004, coauthored with Dean Kiefer.
1995, "Quasi-Real Bonds--Inflation-Indexing that Retains the Government's Hedge Against Aggregate-Supply Shocks" co-author with Dale Domian, Applied Economic Letters
1995, "The Economics of An Inflation and Population-Based State Spending Limit: The Case of Washington's Initiative 601" Northwest Journal of Business and Economics, co-author with Sandra Christensen and Pat Nemetz-Mills
1995, "Federal Funds Rate Volatility and the Reserve Maintenance Period" Review of Financial Economics
1994, "Do Things Have to Get Worse Before They Get Better? The Privatization Issue of Freeing Internal Markets," Business Forum, Winter/Spring
1994, "The Equivalence of the Cascading Scenario and the Backward-Bending Demand Curve Theory of the 1987 Stock Market Crash," Quarterly Journal of Business and Economics
1991, "Index Arbitrage and the Concentration Effect," co-author with Erin Nelson, Review of Futures Markets
1989, "Transportation and Economic Development: The Link Between Highway Investment and Economic Development - A Time-Series Investigation," co-author with Yorgos Stephanedes, Minnesota Department of Transportation Reports, #89-15 and 89-26
1986, "High Expenditures and Non-Metropolitan Employment," Journal of Advanced Transportation, 20:43-61, co-author with Yorgos Stephanedes