| May 2003 - Present | Associate Professor, Department of Economics, University of Miami. |
| August 2005 - August 2008 | Chair, Department of Economics, University of Miami. |
| August 1998 - May 2003 | Assistant Professor, Department of Economics, University of Miami. |
| July 1996 - July 1998 | Visiting Assistant Professor, University of California at Santa Barbara. |
| May 1995 - July 1998 | Postdoctoral Researcher. Department of Economics, University of California at Santa Barbara. |
| July 1996 - July 1997 | Visiting Assistant Professor. Department of Environmental Science and Management, University of California at Santa Barbara. |
| August 1994-May 1995 | Visiting Assistant Professor of Economics. Graduate School of Industrial Administration, Carnegie Mellon University. |
M.S., Economics.
Graduate School of Industrial
Administration, Carnegie Mellon University, 1991.
B.S., Honors in Mathematical Economics.
Wake Forest University,
1989.
Claustre Bajona and David L. Kelly, "Trade and the Environment With Pre-Existing Subsidies: A Dynamic General Equilibrium Analysis," Accepted at Journal of Environmental Economics and Management (2012).
David L. Kelly, David Letson, Forrest Nelson, David Nolan, and Daniel Solis, "Evolution of Subjective Hurricane Risk Perceptions: A Bayesian Approach," Journal of Economic Behavior and Organization, 81(2):644-63 (2012).
Sherry Bartz and David L. Kelly, "Economic Growth and the Environment: Theory and Facts," Resource and Energy Economics, 30:115-49 (2008).
Kelly, David L. and Stephen F. LeRoy, "Liquidity and Liquidation," Economic Theory, 31(3):553-572 (2007).
Kelly, David L., "Review: Plowshares and Pork Barrels: The Political Economy of Agriculture," Bulletin of Marine Science, 79(2):425-7 (September 2006).
Kelly, David L., Charles D. Kolstad, and Glenn T. Mitchell, "Adjustment Costs From Environmental Change," Journal of Environmental Economics and Management, 50(3):468-495 (2005).
Kelly, David L., "Price and Quantity Regulation in General Equilibrium," Journal of Economic Theory, 125(1):36-60 (2005).
Kelly, David L. and Stephen F. Leroy, "Liquidity and Fire Sales," in Jon Faust, Athanasios Orphanides and David Reifschneider, eds., Models and Monetary Policy: Research in Tradition of Dale Henderson, Richard Porter, and Peter Tinsley, Board of Governors of the Federal Reserve System, pp. 249-270 (2005).
Kelly, David L. and Douglas G. Steigerwald, "Private Information and High Frequency Stochastic Volatility," Studies in Non-Linear Dynamics and Econometrics, 8(1):1-28 (2004).
Kelly, David L. "On Environmental Kuznets Curves Arising From Stock Externalities," Journal of Economic Dynamics and Control, 27(8):1367-90 (2003).
Kelly, David L. and Jamsheed Shorish, "Stability of Functional Rational Expectations Equilibria," Journal of Economic Theory, 95(2):215-250 (December 2000).Kelly, David L. and Charles D. Kolstad, "Solving Infinite Horizon Growth Models With an Environmental Sector," Journal of Computational Economics, 18:217-231 (2001).
Kelly, David L. and Charles D. Kolstad, "Malthus and Climate: Betting on a Stable Population," Journal of Environmental Economics and Management, 41:135-161 (2001).
Kelly, David L. and Charles D. Kolstad, "Bayesian Learning, Pollution, and Growth," Journal of Economic Dynamics and Control, 23(4):491-518 (February 1999).
Goenka, Aditya, David L. Kelly, and Stephen E. Spear, "Endogenous Strategic Business Cycles, " Journal of Economic Theory, 81(1):97-125 (July 1998).
Kelly, David L. and Charles D. Kolstad, "Integrated Assessment Models for Climate Change Control," in Henk Folmer and Tom Tietenberg, Editors International Yearbook of Environmental and Resource Economics 1999/2000: A Survey of Current Issues Cheltenham, UK: Edward Elgar (1999).
Kelly, David L. and Charles D. Kolstad, "The Climate Change Footprint: Will We See it Before it is Upon Us?" In
Nakicenovic, N., W.D. Nordhaus, R. Richels, F.L. Toth Editors, Climate Change: Integrating Science, Economics, and
Policy, WP-96-135, International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria (1996).
Ralph Boleslavsky and David L. Kelly, 2011, "Dynamic Regulation Without Payments: Timing is Everything," University of Miami Working paper number 2011-4.
Luca Bossi, Pere Gomis-Porqueras, and David L. Kelly, 2011, "Optimal Second Best Taxation of Addictive Goods," University of Miami Working Paper number 2007-8.
David L. Kelly, 2006, "Subsidies to Industry and the Environment," University of Miami Working Paper number 2006-2.
David L. Kelly, 2000, "Unit Roots in the Climate: Is the Recent Warming Due to Persistent Shocks?," University of Miami Working Paper.
David L. Kelly, Charles D. Kolstad, Michael Schlesinger, and Natalia Andronova, 1998, "Learning About Climate Sensitivity From the Instrumental Temperature Record," University of Miami Working Paper.
David L. Kelly, 1994, "Valuing and Hedging American Put Options Using Neural Networks," University of Miami Working Paper.
David L. Kelly, 1995, "Training Expectations With Least
Squares Learning in Non-Linear Self-Referential Models," University of Miami Working Paper.
| 2011 | Provost's Research Award: "Dynamic Regulation Without Payments: Timing is Everything". |
| 2010 | US Department of Education, Center for Competitiveness of US Services for Prosperity and Sustainability, International Environmental Sustainability area coordinator. |
| 2005 | Center For Ecosystem Science and Policy Seed Grant (with David Letson and David Nolan), "Hurricane Event Markets." |
| 2002 | James W. McLamore Summer Award: "Adjustment Costs, Incomplete Information, and Learning." |
| 2001 | James W. McLamore Summer Award: "Dynamic Differences in Price and Quantity Regulation." | 1999 | James W. McLamore Summer Award: "Stochastic Volatility and Asset Prices." |
| 1996-7 | DOE research grant to study uncertainty and learning about damages from climate change (with Charles Kolstad). |
| 1996-7 | USDA research grant to study climate change impacts on US agriculture (with Charles Kolstad and David Schimmelpfennig). |
William Larimer Mellon Fellowship, 1989-1992.
"Dynamic Regulation Design Without Payments: Timing is Everything" presented at the Association for Environmental and Resource Economists Summer Conference, June 9, 2011.
"Evolution of Subjective Hurricane Risk Perceptions: A Bayesian Approach" presented at the Conference on Uncertainty and Learning in the Management of Environmental and Resource Economics, University of California at Santa Barbara, December 3, 2009.
"Evolution of Subjective Hurricane Risk Perceptions: A Bayesian Approach" presented at Eleventh Occasional California Workshop on Environmental and Resource Economics, University of California at Santa Barbara, October 10, 2009.
"Optimal Second Best Taxation of Addictive Goods in Dynamic General Equilibrium" presented at 2009 Latin American Meeting of the Econometric Society, October 2, 2009.
"Subsidies to Industry and the Environment" presented at the Ninth Occasional California Workshop on Environmental and Natural Resource Economics, November 3, 2007.
"Free Trade and the Environment With Pre-Existing Subsidies" presented at the Eighth Occasional California Workshop on Environmental and Natural Resource Economics, October 29, 2005.
"Price and Quantity Regulation in Dynamic General Equilibrium" presented at the Sixth Occasional California Workshop on Environmental and Natural Resource Economics, October 26, 2001.
"Price and Quantity Regulation in Dynamic General Equilibrium" presented at National Bureau of Economic Research Summer Institute, July 31, 2001.
"An Economic Model of Conditional Heteroskedasticity" presented at the 1998 Econometric Society meetings.
"Malthus and Climate: Betting on a Stable Population" presented at the 1996 Workshop on Environmental and Natural Resource Economics, University of California at Santa Barbara, May 16, 1996.
"Valuing and Hedging American Put Options Using Neural Networks" presented at Neural Networks in the Capital Markets Conference, Caltech University, November 17, 1994.
"Stability of Functional Rational Expectations Equilibria" presented at Richard M. Cyert Honorary Conference, Carnegie Mellon University, September 11, 1993.
Invited seminars: University of Aarhus, Board of Governors of the Federal Reserve, University of California at Santa
Barbara, Carnegie Mellon University, the Electric Power Research Institute, the Energy Modeling Forum, Federal Reserve
Bank of St. Louis, Florida International University, George Mason University, Lehman Brothers, McGill University, North
Carolina State University, Queens University, University of Calgary, University of Central Florida, University of Florida
Tropical Research and Education Center, University of Miami, University of Montreal HEC, University of Pennsylvania
Wharton Center for Risk Management, University of Tennessee, University of Texas, and University of Wyoming.
Graduate Macroeconomic Theory (Eco 521, 621, 603) at Department of Economics, University of Miami, fall 1998, spring 1999, fall 1999, fall 2000, spring 2001, fall 2001, fall 2002, spring 2003, fall 2003, fall 2004, spring 2004, fall 2005, fall 2006, spring 2007, fall 2009, spring 2009, fall 2009, spring 2010, spring 2011. Ph.D. level courses.
Monetary Theory and Policy (Eco 403) at Department of Economics, University of Miami, fall, 1999, fall 2000, fall 2001, fall 2002, fall 2004, fall 2007, spring 2008, spring 2009, spring 2010, spring 2011, and Carnegie Mellon University spring 1995. Undergraduate elective course.
Principles of Macroeconomics (Eco 212) at Department of Economics, University of Miami, spring, 1999, spring 2000, spring 2001, spring 2002, spring 2003, spring 2004, spring 2006, summer 2010, summer 2011. Undergraduate level courses.
Managerial Economics (Eco 691, Eco 685) at Department of Economics, University of Miami, spring 2004, spring 2005. MBA level course.
Macroeconomics (Econ 204B) at Department of Economics, University of California Santa Barbara, spring 1997, 1998. Ph.D. level course.
Environmental Cost-Benefit Analysis (ESM 245) at Department of Environmental Science and Management, University of California Santa Barbara, Winter 1996. Masters level elective course.
Environmental Management and Regulation (ESM 204) at Department of Environmental Science and Management, University of California Santa Barbara, fall 1996. Masters level required course in Environmental Economics.
Graduate Seminar in Environmental Economics (ECON594ER) at Department of Economics, University of California Santa Barbara, 1996. Seminar Ph.D. level course.
Public Finance at Graduate School of Industrial Administration, Carnegie Mellon University, spring 1995. Undergraduate elective course. Advanced Economic Analysis IV at Graduate School of Industrial Administration, Carnegie Mellon University, spring 1994. Course in computational macroeconomics. Ph.D. level course taught with other GSIA faculty.
Macroeconomics at Graduate School of Industrial Administration, Carnegie Mellon University, fall 1994, Summer
term 1993, Summer term 1992, Summer term 1991. Course in macroeconomics with emphasis on international issues for
advanced undergraduates.
Dissertation committees: Aijun Besio, Jiangze Bian, Lygia Lobo, Ana Maria Vallina, Yue Xue, Ayeisha Brinson, Zhigang Feng, Liang Zhou.
Dissertations Supervised: Augustine Nelson, Sherry Bartz.
Current dissertation supervision: Zhou Tan, Luke Fitzpatrick.