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<>Economics Department



Kevin D. Salyer
Professor of Economics
phone: 530-554-1185; email:

"On the following pages I submit to public judgment the result of 20 years of meditation. What a Copernicus succeeded in explaining the relationships of worlds in space, that I believe I have performed for the explanation of the relationships of men on earth." (H. Gossen)

Research Interests:  Macroeconomics, Monetary Theory, Asset Pricing Theory.


Curriculum Vitae                          

Representative Recent Papers:

The Response of Term Rates to Monetary Policy Uncertainty, with Oscar Jorda, Review of Economic Dynamics 6 (2003) pp. 941-962. [PDF]

Macroeconomic Priorities and Crash States, Economics Letters 94 (2007) pp. 64-70. [PDF]

Taking the Monetary Implications of a Monetary Model Seriously (with Kristin van Gaasbeck), Economics Bulletin 5 (2007), pp. 1-7. [PDF]

Time Varying Uncertainty and the Credit Channel, with Victor Dorofeenko and Gabriel Lee, Bulletin of Economic Research 60 (2008) pp. 375-403. [PDF]

A New Algorithm for Solving Dynamic Stochastic Macroeconomic Models, with Victor Dorofeenko and Gabriel Lee, Journal of Economic Dynamics and Control, 34 (2010), pp. 388-403. [PDF]

Rationale Erkläungen für Immobilienpreis-Bubbles:  Die Auswirkungen von Riskoschocks auf die Wohnimmobilienpreisvolatilität und die Volatilität von Investitionen in Wohnimmobilien, Perspektiven der Wirtschaftspolitk, 12 (2011), 153-171.