David  Kelly

David Kelly

Professor, Economics

Research Interests

Environmental economics and policy: Climate change policy under under uncertainty and learning, design of environmental regulation under uncertainty, economic growth and the environment, government policy and the environment, adaptation to climate change; monetary economics and monetary policy including money and inflation, consumer response to Fed policy, and the relationship between Fed policy and the business cycle

Featured Publications

  • Heutel, Garth and David L. Kelly, 2015, "Incidence and Environmental Effects of Distortionary Subsidies," Journal of the Association of Environmental and Resource Economists, forthcoming.

    Kelly,David L.and Zhuo Tan, 2015, "Learning and Climate Feedbacks: Optimal Climate Insurance and Fat Tails," Journal of Environmental Economics and Management, 72:98-122.

    Raphael Boleslavsky and David L. Kelly, 2014, "Dynamic Regulation Design Without Payments: The Importance of Timing," Journal of Public Economics, 120:169-80.

    Bossi, Luca, Pere Gomis-Porqueras, and David L. Kelly, 2014, "Optimal Second Best Taxation of Addictive Goods" B.E. Journal of Macroeconomics (Advances), 14(1):75-118.

    Claustre Bajona and David L. Kelly, 2012, "Trade and the Environment With Pre-Existing Subsidies: A Dynamic General Equilibrium Analysis," Journal of Environmental Economics and Management, 64(2):253-78.

    Kelly, David L., D. Letson, F. Nelson, D. Nolan, and D. Solis, 2012, "Evolution of Subjective Hurricane Risk Perceptions: A Bayesian Approach," Journal of Economic Behavior and Organization, 81, 644-63.

    Bartz, S. and David L. Kelly, 2008, "Economic Growth and the Environment: Theory and Facts," Resource and Energy Economics, 30, 115-49.

    Kelly, David L. and Stephen F. LeRoy, 2007, "Liquidity and Liquidation," Economic Theory, 31(3), 553-572.

    Kelly, David L., 2005, "Price and Quantity Regulation in General Equilibrium," Journal of Economic Theory, 125(1), 36-60.

    Kelly, David L., C. D. Kolstad, and G. T. Mitchell, 2005, "Adjustment Costs From Environmental Change," Journal of Environmental Economics and Management, 50(3), 468-495.

    Kelly, David L., and D. G. Steigerwald, 2004, "Private Information and High Frequency Stochastic Volatility," Studies in Non-Linear Dynamics and Econometrics, 8(1), 1-28.

    Kelly, David L., 2004, "On Environmental Kuznets Curves Arising From Stock Externalities," Journal of Economic Dynamics and Control, 27(8), 1367-90.

    Kelly, David L. and C. D. Kolstad, 2001, Solving Infinite Horizon Growth Models with an Environmental Sector, Journal of Computational Economics, 18, 217-31.

    Kelly, David L. and C. D. Kolstad, 2001, Malthus and Climate: Betting on a Stable Population," Journal of Environmental Economics and Management, 41, 135-61.

    Kelly, David L. and J. Shorish, 2000, Stability of Functional Rational Expectations Equilibria," Journal of Economic Theory, 95(2), 215:50.

    Kelly, David L. and C. D. Kolstad, 1999, Bayesian Learning, Pollution, and Growth, Journal of Economic Dynamics and Control, 23(4), 491-518.

    Goenka, A., David L. Kelly, and S. E. Spear, 1998, Endogenous Strategic Business Cycles, Journal of Economic Theory, 81(1), 97-125.

Teaching and Professional Experience

  • Professor, Economics, University of Miami School of Business Administration, 2012 - Present
  • Associate Professor, Economics, University of Miami School of Business Administration, 2003 - 2012
  • Chair, Department of Economics, University of Miami School of Business Administration, 2005 - 2008
  • Assistant Professor, Economics, University of Miami School of Business Administration, 1998 - 2002
  • Visiting Assistant Professor, Economics, University of California at Santa Barbara, 1996 - 1998
  • Postdoctoral Researcher, Economics, University of California at Santa Barbara, 1995 - 1998
  • Visiting Assistant Professor, Environmental Science and Management, University of California at Santa Barbara, 1996 - 1997
  • Visiting Assistant Professor, Economics, Carnegie Mellon University, Graduate School of Industrial Administration, 1994 - 1995

Specialties

  • Environmental economics
  • Monetary economics and policy
  • Macroeconomics

Degrees

  • Ph.D., Economics, Carnegie Mellon University, Graduate School of Industrial Administration, 1995
  • M.S., Economics, Carnegie Mellon University, Graduate School of Industrial Administration, 1991
  • B.S., Mathematical Economics (with honors), Wake Forest University, 1989

Honors and Awards

  • University of Miami Excellence in Teaching Award, 2000
  • William Larimer Mellon Fellowship, 1989 - 1992
David  Kelly

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