Tai-Wei Hu
Tai-Wei Hu

Assistant Professor of Managerial Economics & Decision Sciences

Print Overview

Tai-Wei Hu joined the faculty at the Managerial Economics and Decision Sciences Department at the Kellogg School of Management in 2009, after completing his PhD at Pennsylvania State University. His research interests include micro theory and macroeconomics.

Print Vita
PhD, 2009, Economics, Penn State University
MA, 2005, Economics, National Taiwan University
BA, 2002, Accounting, National Taiwan University

Academic Positions
Assistant Professor, Managerial Economics & Decision Sciences, Kellogg School of Management, Northwestern University, 2009-present

Honors and Awards
Certificate of Impact Teaching Award, Fall 2014

Print Research
Research Interests

microeconomics, macroeconomics

Hu, Tai-Wei, Guillaume Rocheteau and Mario Rafael Silva. 2017. Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy. Journal of Economic Theory. 167: 1-13.
Hu, Tai-Wei and Ana Babus. Forthcoming. Endogenous Intermediation in Over-the-Counter Markets. Journal of Financial Economics.
Hu, Tai-Wei and Neil Wallace. 2016. Information aggregation in a large multi-stage market game. Journal of Economic Theory. 161: 103-144.
Hu, Tai-Wei and Guillaume Rocheteau. 2015. Monetary Policy and Asset Prices: A Mechanism Design Approach. Journal of Money, Credit and Banking. 47: 39-76.
Hu, Tai-Wei. 2014. Unpredictability of complex (pure) strategies. Games and Economic Behavior. 88: 1-15.
Hu, Tai-Wei and Guillaume Rocheteau. 2013. On the coexistence of money and higher-return assets and its social role. Journal of Economic Theory. 148: 2520-2560.
Hu, Tai-Wei and Eran Shmaya. 2013. Expressible Inspections. Theoretical Economics. 8: 263-280.
Hu, Tai-Wei. 2013. Imperfect recognizability and coexistence of money and higher-return assets. Economic Theory. 53(1): 111-138.
Hu, Tai-Wei. 2013. Expected utility theory from the frequentist perspective. Economic Theory. 53(1): 9-26.
Hu, Tai-Wei, John Kennan and Neil Wallace. 2009. Coalition-proof trade and the Friedman rule in the Lagos-Wright model. Journal of Political Economy. 117(1): 116-137.
Hu, Tai-Wei. 2007. On p- rationalizability and approximate common certainty of rationality. Journal of Economic Theory. 136(1): 379-391.
Working Papers
Shmaya, Eran and Tai-Wei Hu. 2017. Unique Monetary Equilibrium with Inflation in a Stationary Bewley-Aiyagari Model.
Hu, Tai-Wei and Luis Araujo. 2016. Optimal monetary interventions in credit markets.
Hu, Tai-Wei and C. Zhang. 2015. Responding to the inflation tax.
Hu, Tai-Wei, Zack Bethune and Guillaume Rocheteau. 2015. Dynamic indeterminacy and welfare in credit economies.

Print Teaching
Teaching Interests
Microeconomics; Macroeconomics; Game theory; Decision theory
Full-Time / Evening & Weekend MBA
Dynamic Optimization in Economics (MECS-560-2)
The goal of this course is to introduce students to dynamic optimization techniques for both discrete and continuous time stochastic problems. In particular, the course will present results in discrete time dynamic programming and consider their applications in a range of topics. Specific examples include search models, bandit problems, and dynamic games.