Address:           Department of Economics, Columbia University
                          Room 1014 International Affairs Building
                          New York, New York 10027
                          (212) 854-3682 (phone)
                          (212)  854-8059 (fax)
                          rhc2@columbia.edu (e-mail)
 
Age:                  43

Education:        B.S. Economics, University of Illinois at Urbana, 1979
                            Highest University Honors
                         M.A. and Ph.D. Economics, Harvard University, 1983
                            With Distinction

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

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

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
                          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
                          Chair, Department of Economics, Columbia University, 1997 - Present

Service:             Senior Staff Economist, President Reagan’s Council of Economic Advisers,
                              1986 - 1987
                          Consultant, President Reagan’s Council of Economic Advisers,
                              1987 - 1989
                          Consultant, Federal Reserve Bank of New York
                              1991-1992, 1995-1997
                          Consultant, The Group of 30, Project on Exchange Rate Regimes, 1999

Visiting Scholar: International Monetary Fund, 1992-1993, 1995-1997
                            Federal Reserve Board, 1992, 1994, 1997
                            Deutsche Bundesbank, 1996
                            Bank of Canada, 1999
                            Reserve Bank of Austria, 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-Present

Publications:

“G3 Exchange Rate Relationships: A Recap of the Record and a Review of
Proposals for Change,” Princeton Essays in International
Economics, forthcoming.

“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, eds., 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.