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Professor of Economics and International Affairs |
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CURRICULUM VITAE |
| Download CV as a PDF file |
| Address: |
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Department of Economics, Columbia University Room 826 International Affairs Building New York, New York 10027 (212) 854-3676 (phone) (212) 854-8059 (fax) rhc2@columbia.edu (e-mail) |
| Age: 47 |
| Education: |
| B.S. Economics, University of Illinois at Urbana, 1979 Highest University Honors |
| M.A. and Ph.D. Economics, Harvard University, 1983 With Distincion |
| Awards: |
| National Science Foundation Research Grant, 1985 - 1987 |
| World Bank IRIS Program on Institutional Reform, Research Fellow, 1992 |
| Ford Foundation Grant, International Economics and Journalism Program at SIPA, 1992 - 1996 |
| Unites States Treasury Medal for Distinguished Service, 2003. |
| Affiliation: |
| Member, The Cowles Foundation for Research in Economics, 1983 - 1988 |
| Research Fellow, National Bureau of Economic Research, 1983 - 1990 |
| Research Associate, National Bureau of Economic Research, 1990 - Present |
| Co-Director, Columbia Center for Economic and Political Analysis, 2000-01 |
| Member, Council on Foreign Relations, 2001 - Present |
| Employment: |
| Research Assistant, National Bureau of Economic Research, 1981 - 1983 |
| Assistant Professor of Economics, Yale University, 1983 - 1988 |
| Assistant Professor of Economics, Yale School of Organization and |
| Management, 1986 - 1988 |
| Senior Staff Economist, President Reagan's Council of Economic Advisers, 1986 - 1987 |
| Assistant Professor of Economics, Columbia University, 1988 - 1993 |
| Associate Professor of Economics and International Affairs (with tenure), Columbia University, 1993 - 1996 |
| Professor of Economics and International Affairs, Columbia University, 1996-Present |
| Assistant Secretary of the United States Treasury for Economic Policy, February 2002 - May 2003 |
| C. Lowell Harriss Professor of Economics, Columbia University, July 2003 - Present |
| Chief Economic Strategist, The Clinton Group Investment Advisors, July 2003 - Present |
| University Service: |
| Chairman, Department of Economics, 1997 - 2001 |
| College Committee on Admission and Financial Aid (CAFA), 1999-2001 |
| Faculty of Arts and Sciences Budget Committee, 2000-2001 |
| Service: |
| Consultant, President Reagan's Council of Economic Advisers, 1987 - 1989 |
| Consultant, Federal Reserve Bank of New York 1991-1992, 1995-1997 |
| Consultant, Paul Volcker and The Group of 30, Project on Exchange Rate Regimes, 1999 |
| Consultant, Secretary Paul O'Neill, United States Treasury Department, September 2001 -February 2002 |
| Visiting Scholar: |
| International Monetary Fund, 1992-1993, 1995-1997, 2001 |
| Federal Reserve Board, 1992, 1994, 1997 |
| Deutsche Bundesbank, 1996 |
| Bank of Canada, 1999 |
| Central Bank o f Austria, 1999-Present |
| Vienna Institute for Advanced Study, 1999 |
| Bank of England, 2000 |
| Bank of Italy, 2000 |
| European Central Bank, 2000 |
| Kiel Institute for Advanced Study, 2000 |
| Consulting: |
| JP Morgan, 1994 |
| Credit Suisse First Boston, Foreign Exchange Research and Strategy, 1998-2000 |
| Grossman Asset Management, 2001 |
| Publications: |
| "The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates (with Lucio Sarno, Mark Taylor and Giorgio Valente)," Journal of Business, forthcoming. |
| "Non-Linear Permanent - Temporary Decompositions in Macroeconomics and Finance (with Mark Taylor)," The Economic Journal, March 2003. |
| "The Out of Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond (with Lucio Sarno, Mark Taylor, and Giorgio Valente)," The Journal of International Economics, February 2003. |
| "A Simple Framework for International Monetary Policy Analysis (with Jordi Gali and Mark Gertler)," The Journal of Monetary Economics, September 2002. |
| "The Empirics of Monetary Policy Rules in Open Economies," invited Keynote Address at The Bank of England Conference on the Future of Macroeconomics, April 2000; The International Journal of Finance and Economics, December 2001. |
| "Optimal Monetary Policies in Closed vs Open Economies: An Integrated Approach (with Jordi Gali and Mark Gertler)," American Economic Review Papers and Proceedings, May 2001. |
| "G3 Exchange Rate Relationships: A Recap of the Record and a Review of Proposals for Change," Princeton Essays in International Economics, September 2000. |
| "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory" (with Jordi Gali and Mark Gertler), The Quarterly Journal of Economics, January 2000. |
| "The Science of Monetary Policy - A New Keynesian Perspective" (with Jordi Gali and Mark Gertler), The Journal of Economic Literature, December 1999. |
| "G3 Exchange Rate Relationships" Group of Thirty Occasional Paper no. 59, September, 1999. "Monetary Policy Rules in Practice: Some International Evidence" (with Jordi Gali and Mark Gertler), European Economics Review, June 1998, 1033-1068. |
| "The Real Exchange Rate and US Manufacturing Profits: A Theoretical Framework with some Empirical Support," International Journal of Finance and Economics, 2, June, 1997. |
| "How the Bundesbank Conducts Monetary Policy" (with Mark Gertler), Chapter 10 in C. Romer and D. Romer, eds., Reducing Inflation: Motivation and Strategy, Chicago: University of Chicago Press, 1997. |
| "The Term Structure of Forward Exchange Rates and the Forecastability of Spot Exchange Rates: Correcting the Errors" (with Mark P. Taylor), Review of Economics and Statistics, LXXIX, August, 1997. |
| "Dumping: In Theory, In Policy, and in Practice," in J. Bhagwati and R. Hudec, Eds., Fair Trade and Harmonization: Prerequisites for Free Trade?, Cambridge: MIT Press, 1996. |
| "Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation," Review of Economics and Statistics, LXVIII, August, 1996. |
| "Real Interest Differentials and Macroeconomic Fundamentals: Empirical Estimates" (with Robert Blake), International Journal of Finance and Economics, 1, April, 1996, 103-116. |
| "Sources of Real Exchange rate Fluctuations: How Important are Nominal Shocks?" (with Jordi Gali), The Carnegie-Rochester Conference Series on Public Policy, December, 1994, 1-55. |
| "Cointegration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation," The American Economic Review, 84, March, 1994, 298-308. |
| "US Manufacturing and the Deindustrialization Debate: Macroeconomic Perspectives and Sectoral Assessments," (with Susan Hickok), The World Economy, 16, March, 1993, 173-192. |
| " A Model of Liquidity Overhang," European Economic Review, 37, March, 1993, 61-73. |
| "Entry, Dumping, and Shakeout," The American Economic Review, 83, March, 1993, 180-203. |
| "After Maastricht: Public Investment, International Capital Mobility, and Economic Integration," (with Ronald Findlay), Economica, 61, July, 1994. |
| "Government, Trade, and Comparative Advantage," (with Ronald Findlay), American Economic Review Papers and Proceedings, 82, May, 1992. |
| "Aggregate Stochastic Implications of the Life-Cycle Hypothesis," The Quarterly Journal of Economics, CVI, August, 1991, 851-869. |
| "International Borrowing and Lending in a Stochastic Stationary Equilibrium," International Economic Review, 31, August, 1990, 543-558. |
| "That Trade Deficit, Protectionism, and Policy Coordination," The World Economy, 12, December, 1989, 415-437. |
| "Household Saving and Permanent Income in Canada and the United Kingdom," (with John Y. Campbell) in Economic Effects of the Government Budget, E. Helpman, A. Razin, and E. Sadka, editors, MIT Press, 1988, 122-141. |
| "The Dollar and Real Interest Rates," (with John Y. Campbell), Carnegie- Rochester Conference Series on Public Policy, 27, Autumn, 1987, 103-139. "Growth, Competitiveness and the Trade Deficit," (with Michael L. Mussa and J. David Germany), Chapter 3, The Economic Report of the President, 1987, 132-171. |
| "Consumption, Liquidity Constraints, and Asset Accumulation in the Presence of Random income Fluctuations," International Economic Review, 28, June, 1987, 339-351. |
| "The Term Structure of Euromarket Interest Rates: An Empirical Investigation," (with John Y. Campbell), Journal of Monetary Economics, 19, January, 1987, 25-44. |
| "The Behavior of U.S. Short Term Interest Rates Since October, 1979" (with Benjamin M. Friedman), Journal of Finance, 39, June, 1984, 671-682. "Why Have Short Term Interest Rates Been So High?" (with Benjamin M. Friedman), Brooking Papers on Economics Activity, 2, 1983. |
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