Edgar L. Feige

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University of Wisconsin-Madison
College of Letters and Science
Economics
ProfessorAppointed: 1963
University of Wisconsin-Madison
College of Letters and Science
Economics
Professor of Economics Emeritus
Professional Headshot of Edgar L. Feige

Mailing Address

6118 Old Sauk Road
Madison, Wisconsin 53705
United States

Contact Information

Phone: (608) 231-3330
Fax: (608) 231-3387
elfeige@wisc.edu
http://wisc.academia.edu/EdgarFeige

Qualifications

Ph.D., University of Chicago, Economics, 1963.
B.A., Columbia University, Economics, 1958.

Expertise and Research Interests

Current Research Activities:
1) Tax Reform: The Automated Payment Transaction (APT) Tax
2) Underground Economies - Tax Evasion - Corruption in Developed and Transition Economies
3) Dollarization: Where is America's Currency? The International Migration and Location of US Currency
4) Estimating the Domestic Monetary Base and the Domestic Money Supply

Publications

  • Edgar L. Feige, Ivica Urban (2008) Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?, Journal of Comparative Economics, In Press
  • Feige, Edgar L., Dollarization and Euroization in Transition Countries: Currency Substitution, Asset Substitution, Network Externalities and Irreversibility, Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability, Oxford University Press, 2004
  • Edgar L. Feige, James Dean (2004) Dollarization and Euroization in Transition Countries: Currency Substitution, Asset Substitution, Network Externalities and Irreversibility In Volbert Alexander, Jacques Mélitz, and George M. von Furstenberg (eds), Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability, Oxford University Press (bookchapter)
  • Feige, Edgar L., The Dynamics of Currency Substitution, Asset Substitution and de facto Dollarization and Euroization in Transition Countries, Comparative Economic Studies, 45(3), 358-383, Sep 2003
  • Feige, Edgar L., Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility, The Dollarization Debate, Oxford University Press, 2003
  • Edgar L. Feige (2003) Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility In James Dean, Dominick Salvatore, and Thomas Willett (eds), The Dollarization Debate, Oxford University Press (bookchapter)
  • Feige, Edgar L., Currency Substitution, Unofficial Dollarization, and Estimates of Foreign Currency Held Abroad: The Case of Croatia, Financial Policies in Emerging Markets, MIT Press, 2002
  • Edgar L. Feige (2002) Currency Substitution, Unofficial Dollarization, and Estimates of Foreign Currency Held Abroad: The Case of Croatia In Mario Blejer and Marko Skreb (eds), Financial Policies in Emerging Markets, MIT Press (bookchapter)
  • Feige, Edgar L., Starting Over: The Automated Payment Transaction Tax, Milken Institute Review- Journal of Economic Policy, 3(1), 42-53, Feb 2001
  • Feige, Edgar L., “Taxation for the 21st Century: The Automated Payment Transaction (APT) Tax, Economic Policy, 13, 473-503, Oct 2000
  • Edgar L. Feige (2000) Expectations and Adjustments in the Monetary Sector In David Laidler (eds), The Foundations of Monetary Economics, Edward Elgar Publishing Limited (bookchapter)
  • Edgar L feige, Katarina Ott (1999) Underground Economies in Transition: Unrecorded Activity, Tax Evasion, Corruption and Organized Crime, Ashgate Publishing Limited
  • Edgar L. Feige (1999) Estimation of Demand Functions for Financial Assets In Daniel Hammond (eds), Intellectual Legacies in Modern Economics: The Intellectual Legacy of Milton Friedman, Edward Elgar Publishing Limited (bookchapter)
  • Edgar L. Feige (1999) The Underground Economy and the Currency Enigma In G. Fiorentini and S. Zamagni (eds), The Economics of Corruption and Illegal Markets, The International Library of Critical Writings in Economics, Edward Elgar Publishing Limited (bookchapter)
  • Edgar L. Feige (1997) Underground Activity and Institutional Change: Productive, Protective and Predatory Behavior in Transition Economies In Joan Nelson, Charles Tilly and Lee Walker (eds), Transforming Post-Communist Political Economies, Washington, DC, National Academy Press (bookchapter)
  • Edgar L. Feige (1997) Revised Estimates of the Size of the U.S. Underground Economy: The Implications of US Currency Held Abroad In Lippert and Michael Walker (eds), The Underground Economy: Global Evidence of its Size and Impact,, Fraser Institute (bookchapter)
  • Edgar L. Feige (1996) Overseas Holdings of U.S. Currency and the Underground Economy In S. Pozo (eds), Exploring the Underground Economy, S. Pozo (bookchapter)
  • Edgar L. Feige, Robert Alford (1996) Information Distortions in Social Systems: The Underground Economy and Other Observer-Subject-Policy Feedbacks In D. Lamberton (eds), The Economics of Communication and Information, The International Library of Critical Writings in Economics, Edward Elgar Publishing Limited (bookchapter)
  • Edgar L. Feige (1994) The Transition to a Market Economy in Russia: Property Rights, Mass Privatization and Stabilization In Alexander, G. and G. Skapska (eds), A Fourth Way? Privatization, Property and the Emergence of New Market Economies, Routledge (bookchapter)
  • Edgar l. Feige (1990) "Defining and estimating underground and informal economies: The new institutional economics approach, World Development, vol. 18 ((7),), 989-1002
  • Edgar L. Feige (1989) The Underground Economies: Tax Evasion and Information Distortion., Cambridge University Press
  • Edgar L. Feige (1989) Monetary Methods of Estimating Informal Activities in Developing Nations In Wenig, A. and K. Zimmermann (eds), Demographic Change and Economic Development, Springer-Verlag (bookchapter)
  • Edgar L. Feige, Robert T. McGee (1989) Policy Illusion, Macroeconomic Instability, and the Unrecorded Economy In Edgar L. Feige (eds), The Underground Economies: Tax Evasion and Information Distortion, The Underground Economies: Tax Evasion and Information Distortion (bookchapter)
  • Edgar L. Feige, Robert Alford (1989) Information Distortions in Social Systems: The Underground Economy and other Observer-Subject-Policymaker Feedbacks In Edgar L. Feige (eds), The Underground Economies: Tax Evasion and Information Distortion, Cambridge University Press (bookchapter)
  • Edgar L. Feige (1987) The Theory and Measurement of Cash Payments: A Case Study of the Netherlands In R.H.D. Heijmans and H. Neudecker (eds), The Practice of Econometrics: Studies on Demand, Forecasting, Money and Income, Kluwer Academic Publishers (bookchapter)
  • Edgar l. Feige (1987) The Anatomy of the Underground Economy In Alessandrini, S. and Dallago, B (eds), The Unofficial Economy, Gower Publishing Company Ltd (bookchapter)
  • Edgar L. Feige (1986) Sweden's "Underground Economy In Eliasson, G (eds), The Economics of Institutions and Markets, Stockholm, Industrial Institute for Economic and Social Research (bookchapter)
  • Edgar L. Feige (1985) The Meaning of the Underground Economy and the Full Compliance Deficit In Gaertner, W. and Wenig, A (eds), The Economics of the Shadow Economy, Springer Verlag (bookchapter)
  • Edgar L. Feige (1984) Macroeconomics and the Unobserved Economy In Block, W. and Walker, M (eds), Taxation: An International Perspective, Vancouver, Canada, Fraser Institute (bookchapter)
  • Edgar L. Feige (1982) Observer Subject Feedback: Dynamic Implications of the Unobserved Sector, Leyden, E.J. Brill
  • Edgar L. Feige (1982) The Unobserved Economy, Societies in Transition, University of Hamburg (bookchapter)
  • Edgar L. Feige, Caves, Douglas (1980) Efficient Foreign Exchange Markets and the Monetary Approach to Exchange-Rate Determination, American Economic Review, 70 (1), 120-134
  • Edgar L. Feige, D. Blau (1980) Economic Theories of Natural Resources and Their Implications for Efficiency, Growth, and Development, Resources, Economic Development and International Cooperation, University of Wisconsin Press (bookchapter)
  • Edgar L. Feige, Pearce, Douglas (1979) The Casual Causal Relationship between Money and Income: Some Caveats for Time Series Analysis, The Review of Economics and Statistics, 61 (4), 521-33
  • Edgar L. Feige, McGee, Robert (1979) Has the Federal Reserve Shifted from a Policy of Interest Rate Targets to a Policy of Monetary Aggregate Targets?, Journal of Money, Credit and Banking, 11 ((4)), 381-404
  • Edgar L. Feige, Geweke, John (1979) Some Joint Tests of the Efficiency of Markets for Forward Foreign Exchange, The Review of Economics and Statistics, vol. 61 (3), 334-41
  • Edgar L. Feige, Pearce, Douglas (1977) The Substitutability of Money and Near-Monies: A Survey of the Time-Series Evidence, Journal of Economic Literature, 15 (2), 439-69
  • Edgar L. Feige (1977) An Appraisal of the Wage Price Control Program In J. Popkin (eds), Conference on Price Behavior, Studies in Income and Wealth, 42, National Bureau of Economic Research (bookchapter)
  • Edgar L. Feige, D. Pearce (1976) Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Measures of Innovations in Monetary and Fiscal Policy, Journal of Political Economy, Vol.84 (No. 3), 499-522
  • Edgar L. Feige, D. Pearce (1976) The Wage Price Control Experiment Did It Work In Robert C. Puth (eds), Current Issues in the American Economy, D.C. Heath Co (bookchapter)
  • Edgar L. Feige, D. Pearce (1976) Inflation and Incomes Policy: An Application of Time Series Models In K. Brunner and A. Meltzer (eds), Wage Price Controls, North Holland (bookchapter)
  • Edgar L. Feige (1975) The Consequences of Journal Editorial Policies and a Suggestion for Revision, Journal of Political Economy, 83 (6), 1291-95
  • Edgar L. Feige, M. Parkin (1975) The Optimal Quantity of Money, Bonds, Commodity Inventories and Capital In Constantino Luch (eds), Teoria de la Demander de Dinero, Spain (bookchapter)
  • Edgar L. Feige (1974) Temporal Cross Section Specifications of the Demand for Demand Deposits, Journal of Finance, 29 (3), 923-40
  • Edgar L. Feige, P. Swamy (1974) A Random Coefficient Model of the Demand for Liquid Assets, Journal of Money, Credit and Banking, 6 (2), 241-52
  • Edgar L. Feige (1974) Alternative Temporal Cross Section Specifications of the Demand for Demand Deposits In H.G. Johnson and A.R. Nobay (eds), Issues in Monetary Economics, Oxford University Press (bookchapter)
  • Edgar L. Feige, Parkin, Avery and Stone (1973) The Roles of Money in an Economy and the Optimal Quantity of Money, Economica, 40 (160), 416-31
  • Edgar L. Feige (1972) Inflation and Unemployment, American Economic Review, 62 (4), 509-16
  • Edgar L. Feige, H. Watts (1972) An Investigation of the Consequences of Partial Aggregation of Micro Economic Data, Econometrica, Vol. 40 (Issue 2), 343-360
  • Edgar L. Feige (1970) Protection of Privacy through Micro Aggregation In R. Bisco (eds), Data Bases, Computers and the Social Sciences, ,John Wiley & Sons (bookchapter)
  • Edgar L. Feige (1968) The Demand for Liquid Assets In Arnold Zellner (eds), Readings in Econometrics and Economic Statistics, Boston, Little Brown (bookchapter)
  • Edgar L. Feige, M. Parkin (1967) The Optimal Quantity of Money, Bonds, Commodity Inventories and Capital, American Economic Review, 61 (3), 335-49
  • Edgar L. Feige (1967) Expectations and Adjustments in the Monetary Sector, American Economic Review, Vol. LVII (No. 2), 462-473
  • Edgar L. Feige (1964) The Demand For Liquid Assets: A Temporal Cross Section Analysis, New Jersey, Prentice Hall
  • Feige, Edgar "Underground Activity and Institutional Change: Productive, Protective and predatory Behavior in Transition Economies" in Joan Nelson, Charles Tilley and Lee Walker (eds.) Transforming Post-Communist Political Economies. National Academic Press, Washington, DC 1997
  • Feige, Edgar, "Revised Estimates of the Size of the US Underground Economy: The Implications of US Currency Held Abroad" in Owen Lippert and Michael Walker (ed) The Underground Economy: Global Evidence of its Size and Impact, Fraser Institute, 1997
  • Feige, Edgar "Overseas Holdings of US Currency and the Underground Economy" in Susan Pozo (ed.) Exploring the Underground Economy, W.E. Upjohn Institute for Employment Research, 1996
  • Feige, Edgar "The Underground Economy and the Currency Enigma" Public Finance and Irregular Activity, Supplement to Public Finance/Finances Publiques. 49, 1994
  • Feige, Edgar "The Transition to a Market Economy in Russia: Property rights, Mass Privatization and Stabilization" in G. Alexander and G. Skapska (ed.) A Forth Way? Privatization, Property and the Emergence of New Market Economies, Routledge, 1994

Honors and Awards

2004-2004, Rockefeller Scholar, Rockefeller Foundation, Bellagio Center, Italy, Transition Economies
2004-2005, William Davidson Institute Research Competition Award, U.S. Department of State, University of Michigan, Unrecorded Economies in Transition
2003, World Bank Visiting Scholar, World Bank, Center for Economic and Financial Research - Moscow, Underground Activities in Transition Economies
2003-2004, William Davidson Institute Research Competition Award, U.S. Department of State, University of Michigan, Underground Economies in Transition Countries
1999-2001, Visiting Research Scholar, Croatian National Bank, Croatian National Bank, Dollarization in transition Countries
1998-1999, Fulbright Research Scholar, Fulbright Foundation, Institute of Public Finance - Zagreb, Dollarization in Transition Countries
1995-1998, Member of the National Academy of Science, National Research Council Task Force on Economies in Transition
1981-1982, Cleveringa Chair, Leyden University
1980-1982, Netherlands Institute for Advanced Study Visiting Scholar, Netherlands Institute for Advanced Study

Previous Positions

2001, Consultant, International Monetary Fund
1995-1997, National Research Council, Task Force on Economies in Transition
1993-1998, Consultant, Board of Governors of the Federal Reserve System
1993-1997, Consultant, U.S. Treasury Department -Financial Crimes Enforcement Network
1991-1992, Technical Advisory Committee Member, Los Alamos National Laboratory
1990, Consultant, Supreme Soviet of the Russian Federation
1989, Consultant, Agency for International Development
1986-1987, Consultant, U.S. Treasury Department [BEP]
1986-1988, Consultant, Instituto Libertad y Democracia
1981-1982, Cleveringa Chair Professor, Leyden University
1981-1982, Visiting Professor, Erasmus University, Rotterdam
1967-1968, Visiting Reader, University of Essex
1961-1962, Instructor, Yale University

Funding Received

  • U.S. Department of State: William Davidson Institute Research Competition Award, University of Michigan, 2004 to 2005.
  • Rockefeller Foundation: Rockefeller Foundation Residency Grant, 2004 to .
  • U.S. Department of State: William Davidson Institute Research Competition Award, University of Michigan, 2003 to 2004.
  • World Bank: World Bank Visiting Scholar Award, 2003 to .
  • Croatian National Bank: Visiting Research Scholar Grant, 1999 to 2001.
  • Fulbright Foundation: Fulbright Research Scholar, 1998 to 1999.
  • CUNA & World Council of Credit Unions: CUNA & World Council of Credit Unions Research Grant, 1990 to 1993.
  • International Center for Economic Growth: International Center for Economic Growth Research Grant, 1990 to .
  • National Science Council: National Science Council - Republic of China Lectureship Program, 1988 to .
  • German Marshall Fund: German Marshall Fund Travel Grant, 1983 to .
  • Zentrum für Interdisziplinäre Forschung: Zentrum für Interdisziplinäre Forschung Travel Grant, 1983 to .
  • National Bureau of Economic Research: Alfred P. Sloan Foundation Research Grant, 1982 to 1983.
  • Central Bank of Sweden: Central Bank of Sweden Tercentenary Foundation Research Award, 1982 to 1983.
  • Liberty Fund: Liberty Fund Conference Award, 1982 to 1983.
  • Ford Foundation: Ford Foundation Research Grant, 1980 to 1981.
  • National Science Foundation: National Science Foundation Research Grants, 1976 to 1981.

Keywords

COS Keywords:

Currency, Economics, Taxes and Taxation.

Additional Terms:

Cashless Society, Corruption, Currency, Domestic Money Supply, E-cash, Economics, Fiscal Theory, Macroeconomics, Money Laundering, Organized Crime, Social Science, Tax Evasion, Tax Reform, Transition, Underground Economy.

Future Research

Optimal tax reform for the 21st Century
Sucesses and Failures of Transition Countries:
Underground Economies and Non-observed income (NOE) in Transition Countries
How accurate is GDP in Transition Countries?

Languages

(Reading, Writing, Speaking)

German: (Functional, Functional, Fluent)

Memberships

American Economic Association
International Institute of Public Finance

Profile Details

Last Verified: 12/5/2008

COS Expertise ID #309420
Reference this profile directly: http://myprofile.cos.com/feigee20