CURRICULUM VITAE F. OWEN IRVINE

Transcription

1 CURRICULUM VITAE F. OWEN IRVINE Department of Economics Michigan State University East Lansing, Michigan ; (fax) Boston Federal Reserve Bank EXPERIENCE: Associate Professor of Economics, Michigan State University, 8/1982-present Visiting Scholar, Research Dept., Federal Reserve Bank of Boston 9/2001-present Visiting Scholar, Boston University Economics Department, 9/2001-5/2001 Visiting Scholar, London School of Economics, 6/1982 8/1983 Research Economist, Research and Statistics Division, Board of Governors of the Federal Reserve System, 8/1979 6/1981 Brooking Economic Policy Fellow, Brookings Institute, 6/1979 5/1980 Assistant Professor of Economics, Wesleyan University, 9/1976 5/1982 Instructor of Economics, Wesleyan University, 8/ /1976 Research Assistant, Department of Economics, MIT, Unit Chief and engineer, U.S. Environmental Protection Agency, EDUCATION: Ph.D. in Economics, MIT, Cambridge, Mass., 1976 Thesis advisors: Stanley Fischer and Paul Joskow Fields: Macroeconomics, Money, Urban Economics, Econometrics B.S. in Mechanical Engineering, Duke University(magna cum laude), 1969

2 RESEARCH INTERESTS: Applied Macroeconomics Applied Public Policy HONORS AND AWARDS: National Science Foundation Grant (with Nancy Jianakoplos and Paul Menchik) NATO Postdoctoral Fellowship (1982), Brookings Economic Policy Fellowship(1979), MIT Graduate Study Fellowship(1971), Woodrow Wilson Foundation Fellowship (1971) Phi Beta Kappa (Duke, 1969), Tau Beta Pi (Duke, 1968) PUBLISHED ARTICLES: Trend Breaks in U.S. Inventory to Sales Ratios International Journal of Production Economics (2005):13-23 ( Presented at the Twelfth International Symposium on Inventories, Budapest, August, 2002.) Inventory Investment and Output Volatility International Journal of Production Economics (2005): ( Presented at the Twelfth International Symposium on Inventories, Budapest, August, 2002.) Problems with Using Traditional Aggregate Inventory to Sales Ratios International Journal of Production Economics ( 2002): Long term trends in U.S. Inventory to Sales Ratios International Journal of Production Economics ( 2002): Saving Behavior of Older Households: Rate of Return, Precautionary and Inheritance Effects, (with Nancy Jianakoplos and Paul Menchik). Economics Letters (January, 1996); Did Financial Deregulation Help Consumers? Access to Market-Yield Instruments, (with Nancy Jianakoplos and Paul Menchik). Applied Economics 24(1992): Direct Tests of the Hypothesis that Expectations are Rational, International Journal of Production Economics 26(1992); Long-Term Trends in the U.S. Inventory Stocks in National Logistics Systems, ed. by Pavel Dimitrov, International Institute for Applied Systems Analysis June (1991): Models of Sales Expectations, Engineering Costs and Production Economics 19 (1990):37-46.

3 Inventory Investment and Business Cycles in the United Kingdom, in Progress in Inventory Research, ed. by Attila Chikan, Elsevier Scientific. Pub., Amsterdam, (1989); Using Panel Data to Assess the Bias in Cross-Sectional Inferences of Life Cycle Changes in the Level and Composition of Household Wealth, (with Nancy Jianakoplos and Paul Menchik) in The Measurement of Savings Investment and Wealth, ed. by Helen S. Tice and Robert Lipsey, Univ. of Chicago Press, (1989); Specification Errors and the Stock-Adjustment Model: Why Speeds of Adjustment are Too Slow in Inventory Equations, in The Economics of Inventory Management, ed. by Attila Chikan and M.C. Lowell, Elsevier Sci. Pub., Amsterdam, (1988); Intrafirm Inventory Policy: Theory and Tests, Canadian Journal of Economics February (1984): An Econometric Explanation of Why Speeds-of-Adjustment are Underestimated in Inventory Equations, in Inventories in the National Economy, ed. by Attila Chikan and Akademial Kiado, Elsevier Sci. Pub., The Real Rate of Interest, for Whom?, Applied Economics 15 (5, October 1983); Demand Equations for Individual New Car Models Estimated Using Transactions Prices with Implications for Regulatory Issues, Southern Economic Journal January (1983): A Study of Automobile Inventory Investment, Economic Inquiry (July 1981): The Influence of Capital Costs on Inventory Investment: Time Series Evidence for a Department Store, Quarterly Review of Economics and Business (Winter 1981); Merchant-Wholesaler Inventory Investment and the Cost of Capital, American Economic Review 71 (2, May 1981): The Dependence of Aggregate Inventory Investment on Inventory Carrying Costs; A Critique of Recent Research, in The Economics and Management of Inventories, ed. by Attila Chikan and Akademial Kiado, Elsevier Sci. Pub., Budapest, Hungary, 1981, pp Retail Inventory Investment and the Cost of Capital, American Economic Review (September 1981): An Optimal Middleman Firm Price Adjustment Policy: The Short-Run Inventory-Based Pricing Policy, Economic Inquiry (April 1981): Econometric Tests of the Hypothesis that Market-Maker Firms Follow a Short-Run Inventory-Based Pricing Policy, Journal of Business 53 (1, January 1980):1-26. Simultaneous Estimation of the Supply and Demand for Household Location in a Multizoned Metropolitan Area, (with Katherine Bradbury, Robert Engle, and Jerome Rothenberg) in Residential Location and Urban Housing Markets, edited by Gregory Ingram, National Bureau of Economic Research, New York, (1977); 51-86

4 An Econometric Model of Taiwan with Population Policy Variables, (with Kong Chu, Terry Seaks, John Wall, Denis Karnosky, and Thomas Naylor) in Proceedings of the Social Statistics Section, American Statistics Association, Washington, DC, 1971 REPRINTS: Abridged version of Demand Equations for Individual New Car Models Estimated Using Transactions Prices with Implications for Regulatory Issues, (see SEJ article, 1983 above) in Readings on the Management of Working Capital, edited by George W. Gallinger, West Pub., Intrafirm Inventory Policy: Theory and Tests, (see J. of Business 1980 article above) in Principles of Managerial Economics, ed. by J.R. Davis and Semoon Chang, Prentice Hall, UNPUBLISHED ARTICLES: The Roles of Co-movement and Inventory Investment in the Reduction of Output Volatility (with Scott Schuh) Dec., Presented on the American Economics Association Program, San Diego, Jan Currently under revision.. Interest Sensitivity and Volatility Reductions: Cross Section Evidence (with Scott Schuh), July,2004. Presented at the 13 th International Symposium on Inventories, Budapest, August Sales Persistence and the Reduction in GDP Volatility August, Presented at the 13 th International Symposium on Inventories, Budapest, August CURRENT RESEARCH: I am pursuing several projects relating to investigating the various causes of the reduction in GDP volatility since Another project involves modeling residential housing markets with the goal of explaining the large appreciation of house prices and the effect this extra housing wealth has had on the U.S. economy.

5 TEACHING: Macroeconomics [(to Economics masters students, to Executive MBAs, to Weekend MBAs, to undergraduates (intermediate and introductory)] Forecasting [to daytime MBAs] Money, Banking, and Financial Markets [to upper level undergraduates] PROFESSIONAL ACTIVITIES: Officer Board of Directors, International Society for Inventory Research (2002-present) International Society for Inventory Research [Macro section chair ( )] Member American Economics Association Southern Economics Association International Society for Inventory Research Referee For American Economic Review Southern Economic Journal Economic Inquiry Canadian Journal of Economics International Journal of Production Economics Applied Economics Consultant For Local Michigan governments and trade associations on housing market regulation Presentations Available on request