ASSOCIATE PROFESSOR OF ECONOMICS
OFFICE: WB 240
CV: Andrew Keinsley CV
Andrew Keinsley joined the WSU faculty in 2015 and currently serves as an associate professor of economics in the Goddard School of Business & Economics.
In addition to his BA degree from Franklin College, he holds MA and PhD degrees in economics from the University of Kansas. Presently, he teaches courses in the fields of macroeconomics and monetary policy. Much like his teaching, Keinsley’s research focuses on the effects of monetary and fiscal policy on the macroeconomy. His most recent works include an analysis of inflation’s impact on the federal income tax code and a study of the effectiveness of monetary policy in a changing economy.
Ph.D., Economics - University of Kansas, 2015
MA, Economics - University of Kansas, 2013
BA, Economics - Franklin College, 2010
GOOGLE SCHOLAR LIST
- Keinsley, A. (2016) Indexing the Income Tax Code, Monetary/Fiscal Interaction, and the Great Moderation, European Economic Review, 89, 1-20.
- Francois, J.N. and Keinsley, A. (2019) The Long-run Relationship Between Government Consumption and Output in Developing Countries: Evidence from Panel Data, Economic Letters, 174, 96-99.
- Keinsley A, Wu S. Marginal Income Tax Rates, Economic Growth, and Primary Fiscal Deficits. Public Finance Review. 2020;48(5):676-705. doi:10.1177/1091142120945992
- Fiscal Monetary Services and Inflation
In this paper I use a Fisher ideal index to track the monetary services provided by marketable US government debt. To do so, I first develop the theory necessary to consider using such a statistical index number, show how the value of these fiscal monetary services expand the fiscal capacity to borrow, and provide evidence that the monetary services are primarily safety services. I then use Jorda (2005) projections to estimate the impact of such monetary services on inflation. I find that a one-percent increase in fiscal monetary services produces a positive and statistically- significant inflationary response that peaks between four and five basis points and persists for eight months. Given that the average growth rate of the fiscal monetary services in my sample is 2.5 percent, the impact is also economically significant. Together, these results suggest that there is a monetary services channel to the fiscal theory of the price level.
- Government Spending Multipliers and Imperfect Asset Substitution
- The Long-run Aid-Output Relationship: The Role of Edgeworth Substitutability (Complementarity) Between Public and Private Consumption
Nominated for the Crystal Crest Master Teacher Award; Spring 2017
I enjoy spending time with my family, working on my house, and watching sports.
WEB & SOCIAL MEDIA LINKS