MORDECAI KURZ
Joan Kenney Professor of Economics

Ph.D., M.A. Yale University (Economics); M.S. Stanford University (Statistics).

Research Interests: Dynamic systems, financial markets and uncertainty, monetary policy.

Current Research: Theory of expectation formation, monetary policy and volatility in financial markets, social costs of economic volatility.

Representative Recent Publications: (1) "On the Structure and Diversity of Rational Beliefs," Economic Theory, 1994; (2) "Endogenous Economic Fluctuations: Studies in the Theory of Rational Belief,” Springer Series in Economic Theory, No.6, Springer-Verlag, 1997; (3) “The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy” (with Hehui Jin and Maurizio Motolese) Journal of Economic Dynamics and Control, 29, 2005, pp.2017-2065 (4) “Rational Diverse Beliefs and Economic Volatility,” Chapter prepared for Handbook in Financial Economics, North Holland, to appear in 2008. Working paper, Stanford University

Teaching Interests: Dynamic economics, the economics of uncertainty.

Cross-Disciplinary Interests: Stochastic processes, non-linear dynamics in physics and engineering.

Professional Affiliations: AEA, Econometrics Society, Society for Economic Dynamics and Control, The Society for the Promotion of Economic Theory, Society for the Advancement of Economic Theory.