William A. Brock
William A. Brock | |
|---|---|
| Born | October 23, 1941 |
| Academic background | |
| Alma mater | University of California, Berkeley University of Missouri |
| Doctoral advisor | David Gale |
| Academic work | |
| Discipline | Mathematical economics |
| Institutions | University of Wisconsin–Madison |
| Doctoral students | Carlos Manuel Urzúa Macías Takashi Kamihigashi |
| Notable ideas | Brock–Mirman model |
| Website | |
William Allen "Buz" Brock (born October 23, 1941) is a mathematical economist and a professor at the University of Wisconsin–Madison since 1975.[1] He is known for his application of a branch of mathematics known as chaos theory to economic theory and econometrics. In 1998, he was elected to the National Academy of Sciences[1] in the Economics Section.
In a 1972 paper, co-authored with Leonard Mirman, Brock provided the first stochastic version of the neoclassical growth model,[2] thereby paving the way for later developments such as real business cycle theory and DSGE models.
Selected publications
Selected Papers
- Baek, E.G., W.A. Brock (1992). A general test for nonlinear Granger causality: Bivariate Model. Technical Report, Korean Development Institute.
- Barnett, M., W.A. Brock, L.P. Hansen (2020). Pricing uncertainty induced by climate change. Review of Financial Studies, 33, 1024-1066.
- Brock, W.A. (1972). On models of expectations that arise from maximizing behavior of economic agents over time. Journal of Economic Theory, 5, 348-376.
- Brock, W.A. (1974). Money and growth: The case of long run perfect foresight. International Economic Review 15, 750-777.
- Brock, W.A. (1974). Discussion of Roy Radner’s survey paper, in Intriligator, M.D., D.A. Kendrick (eds.), Frontiers of Quantitative Economics, vol. II, 91-92. New York, NY: North Holland Publishing.
- Brock, W.A. (1975). A simple perfect foresight monetary model. Journal of Monetary Economics 1, 133-150.
- Brock, W.A., C.L. Sayers (1988). Is the business cycle characterized by deterministic chaos? Journal of Monetary Economics 22, 71-90.
- Brock, W.A., W.D. Dechert, J.A. Scheinkman, B. LeBaron (1996). A test for independence based on the correlation dimension. Econometric Reviews 15, 197--235.
- Brock, W.A., S.N. Durlauf (2005). Local robustness analysis: Theory and application. Journal of Economic Dynamics and Control 29, 2067-2092.
- Brock, W.A., S.N. Durlauf, J.M. Nason, G. Rondina (2007). Simple versus optimal rules as guides to policy. Journal of Monetary Economics 54, 1372-1396.
- Brock, W.A., S.N. Durlauf, K.D. West (2007). Model uncertainty and policy evaluation: Some theory and empirics. Journal of Econometrics 136, 629-664.
- Brock, W.A., A. Xepapadeas, A.N. Yannacopoulos (2014). Robust control and hot spots in spatiotemporal economic systems. Dynamic Games and Applications 4, 257-289.
- Brock, W.A., A. Xepapadeas, A.N. Yannacopoulos (2014). Optimal agglomerations in dynamic economics. Journal of Mathematical Economics 53, 1-15.
- Brock, W.A., A. Xepapadeas (2021). Regional climate policy under deep uncertainty: Robust control and distributional concerns. Environment and Development Economics 26, 211-238.
Books
- Brock, W.A. (2001). Growth Theory, Nonlinear Dynamics and Economic Modelling: Scientific Essays of William Allen Brock. Dechert, W.D. (ed.), Cheltenham, UK: Edward Elgar Publishing.
- Malliaris, A.G., W.A. Brock (1988). Stochastic Methods in Economics and Finance. New York, NY: Elsevier North Holland.
References
- ^ a b https://www.ssc.wisc.edu/~wbrock/CvJan2006.pdf, William A Brock CV 2006, Retrieved 04 December 2010
- ^ Brock, William A.; Mirman, Leonard J. (1972). "Optimal Economic Growth and Uncertainty: The Discounted Case". Journal of Economic Theory. 4 (3): 479–513. doi:10.1016/0022-0531(72)90135-4.