About Dean
Before coming to Wisconsin, Corbae was the Sebastian Centennial Professor of Business Administration at the University of Texas at Austin. Corbae has been a visiting professor at the Wharton School of the University of Pennsylvania and Cambridge University, as well as a Visiting Scholar at the Federal Reserve Banks of Chicago, Cleveland, Dallas, Minneapolis, Philadelphia, and St. Louis.
Corbae is a research associate of the National Bureau of Economic Research and was elected a Fellow of the Econometric Society. His research has been supported by the National Science Foundation and the Gates Foundation through the Consortium on Financial Systems and Poverty. He has held editorial positions at the Journal of Economic Theory and the International Economic Review, among others. He has served on the Academic Research Council of the Consumer Finance Protection Bureau.
Corbae is the co-author of "An Introduction to Mathematical Analysis for Economic Theory and Econometrics" published by Princeton University Press. His research in macroeconomics and econometrics has been published in Econometrica, the Journal of Political Economy, the Review of Economic Studies, and others.
His current research projects focus on consumer credit and bankruptcy, foreclosures, and banking industry dynamics.
Corbae earned his B.A. in economics from Colgate University and his Ph.D. from Yale University.
Selected Accepted Journal Articles
Corbae, D. & Glover, A. (2022). Employer Credit Checks: Poverty Traps versus Matching Efficiency Review of Economic Studies
Selected Published Journal Articles
Chatterjee, S. & Corbae, D. & Dempsey, K. & Rios-Rull, J. (2023). A Quantitative Theory of the Credit Score Econometrica
Corbae, D. & D’Erasmo, P. (2021). Capital Buffers in a Quantitative Model of Banking Industry Dynamics Econometrica
Corbae, D. & D’Erasmo, P. (2021). Reorganization or Liquidation: Bankruptcy Choices and Firm Dynamics Review of Economic Studies
Corbae, D. & Quintin, E. (2015). Leverage and the Foreclosure Crisis Journal of Political Economy
Corbae, D. & D’Erasmo, P. & Kuruscu, B. (2009). Politico-Economic Consequences of Rising Wage Inequality” Journal of Monetary Economics
Chatterjee, S. & Corbae, D. & Nakajima, M. & Rios-Rull, J. (2007). A Quantitative Theory of Unsecured Consumer Credit with Risk of Default Econometrica
Corbae, D. & Temzelides, T. & Wright, R. (2003). Directed Matching and Monetary Exchange Econometrica
Corbae, D. & Ouliaris, S. & Phillips, P. (2002). Band Spectral Regression with Trending Data Econometrica
Corbae, D. & Cooper, R. (2002). Financial Collapse: A Lesson from the Great Depression Journal of Economic Theory
Corbae, D. & Chatterjee, S. (1992). Endogenous Market Participation and the General Equilibrium Value of Money Journal of Political Economy
Corbae, D. & Ouliaris, S. (1988). Cointegration and Tests of Purchasing Power Parity Review of Economics and Statistics
Presentations
Booth Business School (University of Chicago) (2013)
Central Bank of Norway (2013)
CSEF-IGIER Symposium on Economics and Institutions (2013)
European Central Bank (2013)
Global Banking Conference at London Business School (2013)
Macro Dynamics at London Business School (2013)
NYU Stern Business School (2013)
Ohio State (2013)
Sciences Po Macro Finance Conference (2013)
UCLA (2013)
University of Minnesota Finance (2013)
USC (2013)
ASSA meetings (2012)
Baumol-Tobin Conference at NYU (2012)
Federal Reserve Bank of Atlanta (2012)
Notre Dame University (2012)
Said Business School (Oxford) (2012)
Boston University (2011)
BU/Boston Fed Conference on Macro-Finance Linkages (2011)
Conference on Consumer Credit at Cambridge University (2011)
Conference on Money and Markets at the University of Toronto (2011)
Econometric Society Summer Meetings (2011)
Federal Reserve Bank of Chicago (2011)
NBER Conference on Space and Time in Macroeconomics (2011)
University of Rochester (2011)
Bank of Canada (2010)
Bank of England (2010)
Cowles Conference On General Equilibrium at Yale (2010)
European University Institute (2010)
Institute for Fiscal Studies (London) (2010)
International Monetary Fund (2010)
MIT (2010)
Oxford University (2010)
Society for Economic Dynamics (2010)
University of Cambridge (2010)
University of Maryland (2010)
University of Toronto (2010)
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Chicago Fed Summer Workshop on Money/Banking/Payments and Finance (2009)
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Carnegie-Rochester Conference (2008)
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Conference on Recent Developments in Money (2006)
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Decentralization Conference (2003)
Recent Developments in Money and Finance (2003)
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Conference on Coordination (2002)
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Undergraduate Courses
Financial Markets, Institution (FIN 305), Spring 2012. Download Syllabus
An analysis of the U.S. financial system, its responsiveness to and impact on economic activity and policy, its procedures for assessing and pricing risks on various financial instruments, and its role in the allocation of funds to different sectors in th
Graduate Courses
PhD Corporate Finance (FIN 971), Spring 2013. Download Syllabus
(ECO/FIN 899), Fall 2012.
(ECO/FIN 899), Fall 2011.
(ECO/FIN 899), Fall 2013. Download Syllabus
Ph.D. Computation (ECO/FIN 899), Fall 2015.
Macroeconomics (ECO/FIN 712), Fall 2015.
Ph.D. Macroeconomics (ECO/FIN 712), Fall 2015.
Professional Organizations
Markets Group, Human Capital and Economic Opportunity: A Global Working Group, Becker Friedman Institute, University of Chicago
Editorial and Reviewing Activities
Review of Economic Dynamics – Since January 2015
Special Issue Editor
Social Sciences and Humanities Research Council of Canada – Since January 2015
Reviewer for Research Proposals
American Economic Review – Since January 2015
Referee
Canadian Journal of Economics – Since January 2015
Referee
Econometrica – Since January 2015
Referee
Economic Journal – Since January 2015
Referee
Economic Theory – Since January 2015
Referee
European Economic Review – Since January 2015
Referee
Games and Economic Behavior – Since January 2015
Referee
International Economic Review – Since January 2015
Referee
Journal of Applied Econometrics – Since January 2015
Referee
Journal of Business and Economic Statistics – Since January 2015
Referee
Journal of Development Economics – Since January 2015
Referee
Journal of Econometrics – Since January 2015
Referee
Journal of Economic Dynamics and Control – Since January 2015
Referee
Journal of Economic Theory – Since January 2015
Referee
Journal of Finance – Since January 2015
Referee
Journal of International Economics – Since January 2015
Referee
Journal of International Money and Finance – Since January 2015
Referee
Journal of Mathematical Economics – Since January 2015
Referee
Journal of Monetary Economics – Since January 2015
Referee
Journal of Money Credit and Banking – Since January 2015
Referee
Journal of Political Economy – Since January 2015
Referee
Journal of Public Economics – Since January 2015
Referee
Macroeconomic Dynamics – Since January 2015
Referee
Quarterly Journal of Economics – Since January 2015
Referee
Review of Economics and Statistics – Since January 2015
Referee
Review of Economic Dynamics – Since January 2015
Referee
Review of Economic Studies – Since January 2015
Referee
Review of International Economics – Since January 2015
Referee
Journal of Economic Theory – January 2009 – December 2011
Associate Editor
Economic Inquiry – January 2007 – December 2010
Editor
International Economic Review – January 2004 – December 2007
Associate Editor
Economic Theory – January 2002 – December 2006
Associate Editor
Meet More Finance Faculty
Jim Johannes
Jeremy O Whitish
Anthony DeFusco