Professor | Finance
William Sellery Trukenbrod Chair in Finance
5171A Grainger Hall
(608) 265-5032

Biography

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.

Research

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

Corbae, D. (2015). Comments on Large Banks, Loan Rate Markup, and Monetary Policy International Journal of Central Banking

Corbae, D. & Quintin, E. (2015). Leverage and the Foreclosure Crisis Journal of Political Economy

Corbae, D. & Marimon, R. (2011). Introduction to Incompleteness and Uncertainty in Economics Journal of Economic Theory

Corbae, D. & Marimon, R. (2011). Introduction to Incompleteness and Uncertainty in Economics Journal of Economic Theory

Chen, D. & Corbae, D. (2011). On the Welfare Implications of Restricting Bankruptcy Information Journal of Macroeconomics

Corbae, D. & D'Erasmo, P. & Kuruscu, B. (2009). Politico-Economic Consequences of Rising Wage Inequality" Journal of Monetary Economics

Corbae, D. & Duffy, J. (2008). Experiments with Network Formation Games and Economic Behavior

Corbae, D. & Chatterjee, S. & Rios-Rull, J. (2008). A Finite-Life Private-Information Theory of Unsecured Debt Journal of Economic Theory

Chatterjee, S. & Corbae, D. (2007). On the Aggregate Welfare Cost of Great Depression Unemployment Journal of Monetary Economics

Chatterjee, S. & Corbae, D. & Nakajima, M. & Rios-Rull, J. (2007). A Quantitative Theory of Unsecured Consumer Credit with Risk of Default Econometrica

Corbae, D. & Ritter, J. (2004). Decentralized Credit and Monetary Exchange without Public Record Keeping Journal of Economic Theory

Corbae, D. & Temzelides, T. & Wright, R. (2003). Directed Matching and Monetary Exchange Econometrica

Corbae, D. & Neely, C. & Weller, P. (2003). Endogenous Realignments in a Target Zone Oxford Economic Papers

Corbae, D. & Cooper, R. (2002). Financial Collapse: A Lesson from the Great Depression Journal of Economic Theory

Corbae, D. & Ouliaris, S. & Phillips, P. (2002). Band Spectral Regression with Trending Data Econometrica

Corbae, D. & Temzelides, T. & Wright, R. (2002). Money and Matching American Economic Review

Corbae, D. & Camera, G. (1999). Money and Price Dispersion International Economic Review

Corbae, D. & Chatterjee, S. (1996). Money and Finance with Costly Commitment Journal of Monetary Economics

Corbae, D. & Chatterjee, S. (1996). Valuation Equlibria with Transaction Costs American Economic Review

Corbae, D. & Ouliaris, S. & Phillips, P. (1994). A Reexamination of the Consumption Function Using Frequency Domain Regressions Empirical Economics

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

Corbae, D. & Lim, K. & Ouliaris, S. (1992). On Cointegration and Tests of Forward Market Unbiasedness Review of Economics and Statistics

Corbae, D. & Chatterjee, S. (1992). Endogenous Market Participation and the General Equilibrium Value of Money Journal of Political Economy

Corbae, D. & Ouliaris, S. (1990). A Test of Long-run PPP Allowing for Structural Breaks Economic Record

Corbae, D. & Ouliaris, S. (1989). A Random Walk throgh the Gibson Paradox Journal of Applied Econometrics

Corbae, D. & Ouliaris, S. (1988). Cointegration and Tests of Purchasing Power Parity Review of Economics and Statistics

Corbae, D. & Ouliaris, S. (1986). Robust Tests for Unit Roots in the Foreign Exchange Market Economics Letters

Corbae, D. & Ouliaris, S. (1985). The Demand for Money: A Variable Adjustment Model Economics Letters

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)

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Chicago Fed Summer Workshop on Money/Banking/Payments and Finance (2009)

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Carnegie-Rochester Conference (2008)

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Conference on Recent Developments in Money (2006)

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Decentralization Conference (2003)

Recent Developments in Money and Finance (2003)

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Conference on Coordination (2002)

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Teaching

Undergraduate Courses

Financial Markets, Institution (FIN 305), Spring 2012. Download Syllabus
An analysis of the U.S. financial system, its responsiveness to and impact on economic activity and policy, its procedures for assessing and pricing risks on various financial instruments, and its role in the allocation of funds to different sectors in th

Graduate Courses

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

(ECO/FIN 899), Fall 2012.

(ECO/FIN 899), Fall 2011.

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

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

Macroeconomics (ECO/FIN 712), Fall 2015.

Ph.D. 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

Corbae, D. (2008). Smith, Bruce The New Palgrave Dictionary of Economics, Second Edition.

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

Service

Professional Organizations

Markets Group, Human Capital and Economic Opportunity: A Global Working Group, Becker Friedman Institute, University of Chicago

Editorial and Reviewing Activities

Review of Economic Dynamics - Since January 2015
Special Issue Editor

Social Sciences and Humanities Research Council of Canada - Since January 2015
Reviewer for Research Proposals

American Economic Review - Since January 2015
Referee

Canadian Journal of Economics - Since January 2015
Referee

Econometrica - Since January 2015
Referee

Economic Journal - Since January 2015
Referee

Economic Theory - Since January 2015
Referee

European Economic Review - Since January 2015
Referee

Games and Economic Behavior - Since January 2015
Referee

International Economic Review - Since January 2015
Referee

Journal of Applied Econometrics - Since January 2015
Referee

Journal of Business and Economic Statistics - Since January 2015
Referee

Journal of Development Economics - Since January 2015
Referee

Journal of Econometrics - Since January 2015
Referee

Journal of Economic Dynamics and Control - Since January 2015
Referee

Journal of Economic Theory - Since January 2015
Referee

Journal of Finance - Since January 2015
Referee

Journal of International Economics - Since January 2015
Referee

Journal of International Money and Finance - Since January 2015
Referee

Journal of Mathematical Economics - Since January 2015
Referee

Journal of Monetary Economics - Since January 2015
Referee

Journal of Money Credit and Banking - Since January 2015
Referee

Journal of Political Economy - Since January 2015
Referee

Journal of Public Economics - Since January 2015
Referee

Macroeconomic Dynamics - Since January 2015
Referee

Quarterly Journal of Economics - Since January 2015
Referee

Review of Economics and Statistics - Since January 2015
Referee

Review of Economic Dynamics - Since January 2015
Referee

Review of Economic Studies - Since January 2015
Referee

Review of International Economics - Since January 2015
Referee

Journal of Economic Theory - January 2009 - December 2011
Associate Editor

Economic Inquiry - January 2007 - December 2010
Editor

International Economic Review - January 2004 - December 2007
Associate Editor

Economic Theory - January 2002 - December 2006
Associate Editor