Professor Richard Dennis

  • Professor in Economics (Economics)

telephone: 01413302305
email: Richard.Dennis@glasgow.ac.uk

New Adam Smith Building, 2 Discovery Place, Glasgow, G11 6EY

Import to contacts

ORCID iDhttps://orcid.org/0000-0002-4972-1509

Biography

Richard Dennis gained his PhD from the Australian National University in 2001.  Prior to joining the University of Glasgow, he has worked for the Australian National University and for the Federal Reserve Bank of San Francisco.  He currently serves as associate editor for the European Economic Review.

Research interests

Richard is a member of the Macroeconomics research cluster.

Areas of expertise:

  • Monetary policy    
  • Business cycles   
  • Time-inconsistency   
  • Quantitative theory  
  • Model uncertainty

Publications

List by: Type | Date

Jump to: 2024 | 2023 | 2022 | 2020 | 2018 | 2016 | 2014 | 2013 | 2010 | 2009 | 2008 | 2007 | 2006 | 2004 | 2003 | 2001 | 1999
Number of items: 28.

2024

Dennis, R. (2024) Using a hyperbolic cross to solve non-linear macroeconomic models. Journal of Economic Dynamics and Control, 163, 104860. (doi: 10.1016/j.jedc.2024.104860)

2023

Dennis, R. and Ilbas, P. (2023) Monetary and macroprudential policy interactions in a model of the Euro area. Journal of Economic Dynamics and Control, 154, 104706. (doi: 10.1016/j.jedc.2023.104706)

2022

Dennis, R. (2022) Computing time-consistent equilibria: a perturbation approach. Journal of Economic Dynamics and Control, 137, 104349. (doi: 10.1016/j.jedc.2022.104349)

2020

Dennis, R. and Kirsanov, O. (2020) Monetary Policy when Preferences are Quasi-Hyperbolic. Working Paper. University of Glasgow.

2018

Waki, Y., Dennis, R. and Fujiwara, I. (2018) The optimal degree of monetary discretion in a new Keynesian model with private information. Theoretical Economics, 13(3), pp. 1319-1367. (doi: 10.3982/TE2369)

Dennis, R. and Kirsanova, T. (2018) Equilibrium coordination with discretionary policy making. Economic Journal, 128(609), pp. 710-727. (doi: 10.1111/ecoj.12407)

2016

Dennis, R. and Kirsanova, T. (2016) Computing Markov-perfect optimal policies in business-cycle models. Macroeconomic Dynamics, 20(7), pp. 1850-1872. (doi: 10.1017/S1365100515000176)

2014

Dennis, R. (2014) Imperfect credibility and robust monetary policy. Journal of Economic Dynamics and Control, 44, pp. 218-234. (doi: 10.1016/j.jedc.2014.05.004)

2013

Dennis, R. (2013) Review of: Macroeconomic Theory: A Dynamic General Equilibrium Approach, 2nd edn, by Michael Wickens (Princeton University Press, Princeton, NJ, 2011). Economic Record, 89(285), pp. 275-276. (doi: 10.1111/1475-4932.12049)[Book Review]

2010

Dennis, R. (2010) How robustness can lower the cost of discretion. Journal of Monetary Economics, 57(6), pp. 653-667. (doi: 10.1016/j.jmoneco.2010.06.003)

Dennis, R. (2010) When is discretion superior to timeless perspective policymaking? Journal of Monetary Economics, 57(3), pp. 266-277. (doi: 10.1016/j.jmoneco.2010.02.006)

2009

Dennis, R. , Leitemo, K. and Soderstrom, U. (2009) Methods for robust control. Journal of Economic Dynamics and Control, 33(8), pp. 1604-1616. (doi: 10.1016/j.jedc.2009.02.011)

Dennis, R. (2009) Consumption habits in a New Keynesian business cycle model. Journal of Money, Credit and Banking, 41(5), pp. 1015-1030. (doi: 10.1111/j.1538-4616.2009.00242.x)

Dennis, R. (2009) Review of: Robustness - by Lars Peter Hansen and Thomas J. Sargent. Economic Record, 85(268), pp. 108-109. (doi: 10.1111/j.1475-4932.2009.00532.x)[Book Review]

2008

Dennis, R. (2008) Robust control with commitment: A modification to Hansen-Sargent. Journal of Economic Dynamics and Control, 32(7), pp. 2061-2084. (doi: 10.1016/j.jedc.2007.08.003)

Dennis, R. and Ravenna, F. (2008) Learning and optimal monetary policy. Journal of Economic Dynamics and Control, 32(6), pp. 1964-1994. (doi: 10.1016/j.jedc.2007.08.002)

2007

Dennis, R. (2007) Optimal policy in rational expectations models: new solution algorithms. Macroeconomic Dynamics, 11(1), pp. 31-55. (doi: 10.1017/S1365100507050341)

2006

Dennis, R. and Soderstrom, U. (2006) How important is precommitment for monetary policy? Journal of Money, Credit and Banking, 38(4), pp. 847-872. (doi: 10.1353/mcb.2006.0054)

Dennis, R. (2006) The policy preferences of the US Federal Reserve. Journal of Applied Econometrics, 21(1), pp. 55-77. (doi: 10.1002/jae.808)

Dennis, R. (2006) The policy preferences of the US Federal Reserve. Journal of Applied Econometrics Newsletter, 21(1), pp. 55-77. (doi: 10.1002/jae.808)

2004

Dennis, R. (2004) Inferring policy objectives from economic outcomes. Oxford Bulletin of Economics and Statistics, 66(Sup 1), pp. 735-764. (doi: 10.1111/j.1468-0084.2004.100_1.x)

Dennis, R. (2004) Solving for optimal simple rules in rational expectations models. Journal of Economic Dynamics and Control, 28(8), pp. 1635-1660. (doi: 10.1016/S0165-1889(03)00097-6)

Dennis, R. and Lopez, J. (2004) [Modeling regional interdependencies using a global error-correcting macroeconometric model]: Comment. Journal of Business and Economic Statistics, 22(2), pp. 165-169. [Book Review]

Dennis, R. and Lopez, J. A. (2004) Comment. Journal of Business and Economic Statistics, 22(2), pp. 165-169. (doi: 10.1198/073500104000000037)

2003

Dennis, R. (2003) Exploring the role of the real exchange rate in Australian monetary policy. Economic Record, 79(244), pp. 20-38. (doi: 10.1111/1475-4932.00076)

2001

Dennis, R. (2001) Book review: Challenges for Monetary Policy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City, Kansas City, 1999. Journal of Economic Literature, 39(4), pp. 1239-1240. [Book Review]

Dennis, R. (2001) Inflation expectations and the stability properties of nominal GDP targeting. Economic Journal, 111(468), pp. 103-113. (doi: 10.1111/1468-0297.00590)

1999

Dennis, R. (1999) Discretionary monetary policy with costly inflation. Economics Letters, 65(1), pp. 91-96. (doi: 10.1016/S0165-1765(99)00123-8)

This list was generated on Wed Nov 20 19:50:34 2024 GMT.
Jump to: Articles | Book Reviews | Research Reports or Papers
Number of items: 28.

Articles

Dennis, R. (2024) Using a hyperbolic cross to solve non-linear macroeconomic models. Journal of Economic Dynamics and Control, 163, 104860. (doi: 10.1016/j.jedc.2024.104860)

Dennis, R. and Ilbas, P. (2023) Monetary and macroprudential policy interactions in a model of the Euro area. Journal of Economic Dynamics and Control, 154, 104706. (doi: 10.1016/j.jedc.2023.104706)

Dennis, R. (2022) Computing time-consistent equilibria: a perturbation approach. Journal of Economic Dynamics and Control, 137, 104349. (doi: 10.1016/j.jedc.2022.104349)

Waki, Y., Dennis, R. and Fujiwara, I. (2018) The optimal degree of monetary discretion in a new Keynesian model with private information. Theoretical Economics, 13(3), pp. 1319-1367. (doi: 10.3982/TE2369)

Dennis, R. and Kirsanova, T. (2018) Equilibrium coordination with discretionary policy making. Economic Journal, 128(609), pp. 710-727. (doi: 10.1111/ecoj.12407)

Dennis, R. and Kirsanova, T. (2016) Computing Markov-perfect optimal policies in business-cycle models. Macroeconomic Dynamics, 20(7), pp. 1850-1872. (doi: 10.1017/S1365100515000176)

Dennis, R. (2014) Imperfect credibility and robust monetary policy. Journal of Economic Dynamics and Control, 44, pp. 218-234. (doi: 10.1016/j.jedc.2014.05.004)

Dennis, R. (2010) How robustness can lower the cost of discretion. Journal of Monetary Economics, 57(6), pp. 653-667. (doi: 10.1016/j.jmoneco.2010.06.003)

Dennis, R. (2010) When is discretion superior to timeless perspective policymaking? Journal of Monetary Economics, 57(3), pp. 266-277. (doi: 10.1016/j.jmoneco.2010.02.006)

Dennis, R. , Leitemo, K. and Soderstrom, U. (2009) Methods for robust control. Journal of Economic Dynamics and Control, 33(8), pp. 1604-1616. (doi: 10.1016/j.jedc.2009.02.011)

Dennis, R. (2009) Consumption habits in a New Keynesian business cycle model. Journal of Money, Credit and Banking, 41(5), pp. 1015-1030. (doi: 10.1111/j.1538-4616.2009.00242.x)

Dennis, R. (2008) Robust control with commitment: A modification to Hansen-Sargent. Journal of Economic Dynamics and Control, 32(7), pp. 2061-2084. (doi: 10.1016/j.jedc.2007.08.003)

Dennis, R. and Ravenna, F. (2008) Learning and optimal monetary policy. Journal of Economic Dynamics and Control, 32(6), pp. 1964-1994. (doi: 10.1016/j.jedc.2007.08.002)

Dennis, R. (2007) Optimal policy in rational expectations models: new solution algorithms. Macroeconomic Dynamics, 11(1), pp. 31-55. (doi: 10.1017/S1365100507050341)

Dennis, R. and Soderstrom, U. (2006) How important is precommitment for monetary policy? Journal of Money, Credit and Banking, 38(4), pp. 847-872. (doi: 10.1353/mcb.2006.0054)

Dennis, R. (2006) The policy preferences of the US Federal Reserve. Journal of Applied Econometrics, 21(1), pp. 55-77. (doi: 10.1002/jae.808)

Dennis, R. (2006) The policy preferences of the US Federal Reserve. Journal of Applied Econometrics Newsletter, 21(1), pp. 55-77. (doi: 10.1002/jae.808)

Dennis, R. (2004) Inferring policy objectives from economic outcomes. Oxford Bulletin of Economics and Statistics, 66(Sup 1), pp. 735-764. (doi: 10.1111/j.1468-0084.2004.100_1.x)

Dennis, R. (2004) Solving for optimal simple rules in rational expectations models. Journal of Economic Dynamics and Control, 28(8), pp. 1635-1660. (doi: 10.1016/S0165-1889(03)00097-6)

Dennis, R. and Lopez, J. A. (2004) Comment. Journal of Business and Economic Statistics, 22(2), pp. 165-169. (doi: 10.1198/073500104000000037)

Dennis, R. (2003) Exploring the role of the real exchange rate in Australian monetary policy. Economic Record, 79(244), pp. 20-38. (doi: 10.1111/1475-4932.00076)

Dennis, R. (2001) Inflation expectations and the stability properties of nominal GDP targeting. Economic Journal, 111(468), pp. 103-113. (doi: 10.1111/1468-0297.00590)

Dennis, R. (1999) Discretionary monetary policy with costly inflation. Economics Letters, 65(1), pp. 91-96. (doi: 10.1016/S0165-1765(99)00123-8)

Book Reviews

Dennis, R. (2013) Review of: Macroeconomic Theory: A Dynamic General Equilibrium Approach, 2nd edn, by Michael Wickens (Princeton University Press, Princeton, NJ, 2011). Economic Record, 89(285), pp. 275-276. (doi: 10.1111/1475-4932.12049)[Book Review]

Dennis, R. (2009) Review of: Robustness - by Lars Peter Hansen and Thomas J. Sargent. Economic Record, 85(268), pp. 108-109. (doi: 10.1111/j.1475-4932.2009.00532.x)[Book Review]

Dennis, R. and Lopez, J. (2004) [Modeling regional interdependencies using a global error-correcting macroeconometric model]: Comment. Journal of Business and Economic Statistics, 22(2), pp. 165-169. [Book Review]

Dennis, R. (2001) Book review: Challenges for Monetary Policy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City, Kansas City, 1999. Journal of Economic Literature, 39(4), pp. 1239-1240. [Book Review]

Research Reports or Papers

Dennis, R. and Kirsanov, O. (2020) Monetary Policy when Preferences are Quasi-Hyperbolic. Working Paper. University of Glasgow.

This list was generated on Wed Nov 20 19:50:34 2024 GMT.

Grants

Principle investigator for “Time-consistent macroeconomic policy in nonlinear models” Australian research Council DP130104051, 2013-2015, A$156,000 (Relinquished upon moving to United Kingdom).

Supervision

Macroeconomic Theory, Monetary Policy.

  • Montenegro Calvimonte, Marcos Gaspar
    Diagnostic Expectations in DSGE models
  • Ning, Xiaoli
    Professor Richard Dennis is from Adam Smith Business School, who's research areas are monetary policy, business cycles, time-inconsistency, quantitative theory, model uncertainty.

Teaching

Undergraduate: Economics 1B (undergraduate), and Macroeconomic Theory (graduate).

Additional information

Professor Dennis is co-director of the Macroeconomic Policy Frameworks Program at the Center for Applied Macroeconomic Analysis and serves as associate editor for the European Economic Review. 


Professor Richard Dennis, Professor in Economics