Peter Wilkinson HOWITT, economist in the field of Macroeconomic Theory; Economic Fluctuations; Domestic Monetary and Financial Theory and Policy.
HOWITT, Peter Wilkinson was born in 1946 in Toronto, Ontario., Canada.
Bachelor of Arts McGill University, 1968. Master of Arts University Western Ontario, 1969. Doctor of Philosophy Northwestern University, 1973.
Assistant Professor, Association Professor, University Western Ontario, 1972-1982. Visiting Professor, Hebrew University, Jerusalem, 1980. Professor of Economics, University Western Ontario., London, Ontario, Canada, since 1982.
Association Editor, Canadian Journal of Economics,
1978-1981. Editorial Board, American Economic Review, 1980-1983.
Most of my work has been aimed at furthering our understanding of monetary phenomena by examining the nature of market interactions in idealised settings where transacting and communicating are costly activities. Monetary dynamics are studied by means of non-tâtonnement stability theory. The demand for money is modelled in terms of the optimal sequencing of transactions by a trader in a world with set-up cost of transactions.
The role of monetary policy is examined in a setting where pricesetting decisions cannot be perfectly co-ordinated. Price-adjustment is modelled as if undertaken by specialised middlemen who help to defer the costs of trading. Recent work has been aimed at understanding unemployment as a manifestation of transaction costs.