Boyd received his PhD in Applied
Economics from the University of Pennsylvania. Prior to his current appointment at Minnesota, be was
Senior Research Officer, Federal Reserve Bank of Minneapolis, and earlier Associate
Professor of Finance at Kellogg Graduate School of Management, Northwestern
University. Boyd has been or is
consultant to the United States Treasury, Council of Economic Advisers, Federal
Home Loan Banks, World Bank, International Monetary Fund, Federal Reserve
System, various banking and trade associations, and has testified before the
United States Congress. He has
published in several Finance and Economics journals, including American Economic Review, Journal of Economic Theory, Journal of
Monetary Economics, Journal of Money, Credit and Banking, Economic Theory,
Journal of Finance, Journal of Financial Intermediation, Review of Financial Studies, Palgrave’s
Dictionary, and others. Boyd’s
primary research interests include banking, financial intermediation, intermediation
and development, and the economics of gun ownership.
"Introduction to Special Finance Issue," J. Boyd, North American Journal of Economics and Finance (1999).
"Bank Capital Regulation with and without State-Contingent Penalties: A Comment," J. Boyd, Carnegie-Rochester Conference Series on Public Policy (2001).
"Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When? Comment," J. Boyd, Journal of Money, Credit, and Banking (August 2000).
"Moral Hazard under Commercial and Universal Banking," J. Boyd, C. Chang, B. Smith, Journal of Money, Credit, and Banking (1998).
"Capital Market Imperfections in a Monetary Growth Model," J. Boyd and B. Smith, Economic Theory (1998).
"Capital Market Imperfections, International Credit Markets, and Nonconvergence," J. Boyd and B. Smith, Journal of Economic Theory (1997).
"Ex-Dividend Price Behavior of Common Stocks," J. Boyd and R. Jagannathan, Review of Financial Studies (1994).
"How Good Are Standard Debt Contracts? Stochastic Versus Nonstochastic Monitoring in a Costly State Verification Environment," J. Boyd and B. Smith, Journal of Business (1994).
"The Equilibrium Allocation of Investment Capital in the Presence of Adverse Selection and Costly State Verification," J. Boyd and B. Smith, Economic Theory (1993).
Inflation and financial market performance
Associate Editor, Review of Financial Studies
Consultant for the Federal Reserve Bank of Minneapolis
Frederick R. Kappel Chair in Business and Government Relations
Editor, the North American Journal of Economics and Finance
Reforming deposit insurance