David L Kelly

Professor

Phone:
(305) 284-3725
Locator Code:
6550

 
About

Biography

Dr. David L. Kelly is a Professor of Economics, Co-chair of the Sustainable Business Research Cluster, and Academic Director of the Master of Science in Sustainable Business at the University of Miami Herbert Business School. He was chair of the economics department from 2005-8 and has formerly held positions at the University of California at Santa Barbara and Carnegie Mellon University. Prof. Kelly has published widely on optimal climate change policy, adaptation to climate change, the design of environmental regulation, the economic impact of hurricanes, and the effect of economic growth on the environment. Research authored/co-authored by Professor Kelly has appeared in leading journals including Science, Nature, the Journal of the Association of Environmental and Resource Economists, and the Journal of Economic Theory. His research has been funded by NSF, DOE, and other federal agencies. Professor Kelly is an award-winning teacher with over 20 years of classroom experience at the undergraduate, masters, and Ph.D. level.

Career

Education

1995Ph.D. Economics Carnegie Mellon University, Graduate School of Industrial Administration
1991M.S. Economics Carnegie Mellon University, Graduate School of Industrial Administration
1989B.S. Mathematical Economics (with honors) Wake Forest University

LIST OF SPECIALTIES: Environmental economics | Monetary economics and policy | Macroeconomics

LIST OF SPECIALTIES: Environmental economics | Monetary economics and policy | Macroeconomics

Professional Experience

2012 - Professor, Economics, Miami Herbert Business School
2003 - 2012Associate Professor, Economics, University of Miami School of Business Administration
2005 - 2008Chair, Department of Economics, University of Miami School of Business Administration
1998 - 2002Assistant Professor, Economics, University of Miami School of Business Administration
1995 - 2008Postdoctoral Researcher, Department of Economics, University of California at Santa Barbara
1996 - 1997Visiting Assistant Professor, Department of Environmental Science and Management, University of California at Santa Barbara
1994 - 1995Visiting Assistant Professor of Economics, Graduate School of Industrial Administration, Carnegie Mellon University

Honors & Acknowledgements

University of Miami Excellence in Teaching Award, MS in Sustainable Business 2021
University of Miami Best MBA Core Course Teaching Award, 2020
University of Miami Best MBA Core Course Teaching Award, 2018
University of Miami Excellence in Research Award, 2000
William Larimer Mellon Fellowship, 1989 - 1992
Research

LIST OF SPECIALTIES: Environmental economics and policy: Climate change policy under under uncertainty and learning, design of environmental regulation under uncertainty, economic growth and the environment, government policy and the environment, adaptation to climate change; monetary economics and monetary policy including money and inflation, consumer response to Fed policy, and the relationship between Fed policy and the business cycle

Publications

Boleslavsky, Raphael, Christopher Hennessy, and David L. Kelly Markets vs. Mechanisms (Forthcoming, Review of Financial Studies. 2021). [Link]


Conte, Marc N. and David L. Kelly Understanding the Improbable: A Survey of Fat Tails in Environmental Economics (Forthcoming, Annual Review of Resource Economics. ).


Marc N. Conte and David L. Kelly An Imperfect Storm: Fat-Tailed Hurricane Damages, Insurance, and Climate Policy (Journal of Environmental Economics and Management, 92:677-706. November 2018).


Boleslavsky, Raphael, David L. Kelly and Curtis R. Taylor Selloffs, Bailouts, and Feedback: Can Asset Markets Inform Policy 294-343 (169 Journal of Economic Theory. 2017).


Fitzpatrick, Luke, and David L. Kelly Probabilistic Stabilization Targets 611-657 (4(3) Journal of the Association of Environmental and Resource Economists. 2017).


M. Burke, M. Craxton, C. D. Kolstad, C. Onda, H. Allcott, E. Baker, L. Barrage, R. Carson, K. Gillingham, J. Graff-Zivin, M. Greenstone, S. Hallegatte, W. M. Hanemann, G. Heal, S Hsiang, B. Jones, David L. Kelly, R. Kopp, M. Kotchen, R. Mendelsohn, K. Meng, G. Metcalf, J. Moreno-Cruz, R. Pindyck, S. Rose, I. Rudik, J. Stock, R. S. J. Tol Opportunities for Advances in Climate Change Economics (Science, 352(6283):292-293. 15 April 2016).


Heutel, G. and David L. Kelly Incidence and Environmental Effects of Distortionary Subsidies 361-415 ( 3(2) Journal of the Association of Environmental and Resource Economists. 2016).


Kelly, David L. and Zhuo Tan Learning and Climate Feedbacks: Optimal Climate Insurance and Fat Tails 98-122 (72 Journal of Environmental Economics and Management. 2015).


Raphael Boleslavsky and David L. Kelly Dynamic Regulation Design Without Payments: The Importance of Timing 169-80 (120 Journal of Public Economics. 2014).


Bossi, Luca, Pere Gomis-Porqueras, and David L. Kelly Optimal Second Best Taxation of Addictive Goods 75-118 (14(1) B.E. Journal of Macroeconomics (Advances). 2014).


Claustre Bajona and David L. Kelly Trade and the Environment With Pre-Existing Subsidies: A Dynamic General Equilibrium Analysis (Journal of Environmental Economics and Management, 64(2):253-78. 2012). [Link]


Kelly, David L., D. Letson, F. Nelson, D. Nolan, and D. Solis 644-63 (81 Journal of Economic Behavior and Organization. 2012).


Bartz, S. and David L. Kelly Economic Growth and the Environment: Theory and Facts 115-49 (30 Resource and Energy Economics. 2008).


Kelly, David L. and Stephen F. LeRoy Liquidity and Liquidation 553-572 (31(3) Economic Theory. 2007).


Kelly, David L. Price and Quantity Regulation in General Equilibrium 36-60 (125(1) Journal of Economic Theory. 2005).


Kelly, David L., C. D. Kolstad, and G. T. Mitchell Adjustment Costs From Environmental Change 468-495 (50(3) Journal of Environmental Economics and Management. 2005).


Kelly, David L., and D. G. Steigerwald Private Information and High Frequency Stochastic Volatility 1-28 (8(1) Studies in Non-Linear Dynamics and Econometrics. 2004).


Kelly, David L. On Environmental Kuznets Curves Arising From Stock Externalities 1367-90 (27(8) Journal of Economic Dynamics and Control. 2004).


Kelly, David L. and C. D. Kolstad Solving Infinite Horizon Growth Models with an Environmental Sector 217-31 (18 Journal of Computational Economics. 2001).


Kelly, David L. and C. D. Kolstad Malthus and Climate: Betting on a Stable Population 135-61 (41 Journal of Environmental Economics and Management. 2001).


Kelly, David L. and J. Shorish Stability of Functional Rational Expectations Equilibria 215:50 (95(2) Journal of Economic Theory. 2000).


Kelly, David L. and C. D. Kolstad Bayesian Learning, Pollution, and Growth 491-518 (23(4) Journal of Economic Dynamics and Control. 1999).


Goenka, A., David L. Kelly, and S. E. Spear Endogenous Strategic Business Cycles 97-125 (81(1) Journal of Economic Theory. 1998).