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George Waters

Professor
Economics
Office
STV Stevenson Hall 427
  • About
  • Education
  • Research

Biography

George Waters is an Professor of Economics whose primary research interests are in Macro/Monetary Economics, Game Theory, Time Series and Models of Learning. One area of his work uses an Evolutionary Game Theory approach to show how changes in forecasting strategies among traders in asset markets can explain many features of stock market bubbles. Another stand of research focuses on modeling credit markets and their relationship to the macroeconomy. Professor Waters' work appears in the Journal of Economic Dynamics and Control, the Journal of Mathematical Economics and Macroeconomic Dynamics. He has a wide range of teaching experience from elementary to graduate level including courses in mathematical economics, money and banking, graduate macroeconomics, and game theory at Washington and Lee University and Illinois State Univerity.

Current Courses

441.001Advanced Macroeconomic Theory I

241.001Intermediate Macroeconomic Theory

439.001Applied Time Series Econometrics And Forecasting

241.001Intermediate Macroeconomic Theory

215.001Money And Banking

Teaching Interests & Areas

Macroeconomics, Money and Banking, Game Theory

Research Interests & Areas

Macro/Monetary Economics, Game Theory, Models of Learning, Asset Pricing

Ph D Economics

University of North Carolina - Chapel Hill
Chapel Hill, NC

MS Mathematics

California State University - Easy Bay
Hayward, CA

BA Mathematics

Northwestern University
Evanston, IL

Book, Chapter

Waters, G. Careful Price Level Targeting. William Barnett, Fred Jawadi (EDs), Book Series: International Symposia in Economic Theory and Econometrics. Emerald Insights (2015)

Journal Article

“On the Evolutionary Stability of Rational Expectations” with William R. Parke, Macroeconomic Dynamics, 2014, 18(7), 1581-1606

“Quantity Rationing of Credit and the Phillip’s Curve” Journal of Macroeconomics, 2013, 13, 68-80

“Quantity versus Price Rationing of Credit: An Empirical Test” International Journal of Financial Studies, 2013, 1, 45-53

“Dangers of Commitment under Rational Expectations” Journal of Economics and Finance, 2011, 35(4), 371-381

“Instability in the Cobweb Model under the BNN Dynamic” Journal of Mathematical Economics, 2010, 46(2), 230-237

Presentations

Careful Price Level Targeting. ISU Department of Economics Brown Bag lunch. (2012)
Endogenous Rational Bubbles. conference of Midwest Economics Association. (2012)
Endogenous Rational Bubbles. conference of the Illinois Economics Association. (2012)
Endogenous Rational Bubbles. conference of the Society for Computing in Economics and Finance. (2012)
Endogenous Rational Bubbles. Northern Illinois University Department of Economics seminar series. (2012)
Quantity Rationing of Credit and the Phillips Curve. Midwest Macro Meetings. (2012)
Endogenous Rational Bubbles. University of Wisconsin – Whitewater seminar series. (2011)
Endogenous Rational Bubbles. ISU Department of Economics Brown Bag lunch. (2011)
On the Evolutionary Stability of Rational Expectations. conference of the Society for Computing in Economics and Finance. (2011)
On the Evolutionary Stability of Rational Expectations. Research Group on Theoretical and Applied Economics. (2011)