Education
Ph.D. Dissertation
The Monetary Approach to the Determination of the Exchange Rate: Theory and Empirical Evidence
Ph.D. Dissertation
The Monetary Approach to the Determination of the Exchange Rate: Theory and Empirical Evidence
Memberships in Professional Organizations:
American Economic Association
American Finance Association
Econometric Society
Society for the Promotion of Financial Studies
Financial Management Association
International Economics and Finance Society
Other Work Experience
Lecturer, IMF Institute, Washington, D.C., 1999, 2000.
Panelist, Economics Program, National Science Foundation, Washington, D.C., 1997-1999.
Consultant, Financial Studies Division, Research Department, International Monetary Fund, Washington,
D.C., 1987, 1988
Economist, Financial Studies Division, Research Department, International Monetary Fund, Washington,
D.C., 1981 - 1982
Staff Economist, Carnegie-Mellon Institute of Research, Carnegie-Mellon University, 1976 - 1977
Internship, Board of Governors of the Federal Reserve System, International Division, 1975
Do We Need Multi-Country Models to Explain Exchange Rate and Interest Rate and Bond Return Dynamics
Evaluating the Specification Errors of Asset Pricing Models
Peso Problem Explanations for Term Structure Anomalies
Expectations Hypotheses Tests
An International Dynamic Asset Pricing Model
The Implications of First-Order Risk Aversion for Asset Market Risk Premiums
On Biases in Tests of the Expectations Hypothesis of the Term Structure of Interest Rates
Post-War United States Business Cycles: An Empirical Investigation
Financial Market Efficiency Tests
An Evaluation of Recent Evidence on Stock Price Bubbles
On Biases in the Measurement of Foreign Exchange Risk Premiums
Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement
Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets
The Variability of Velocity in Cash-in-Advance Models
Volatility in the Foreign Exchange and Stock Markets: Is It Excessive?
On Testing for Speculative Bubbles
United States International Capital Flows: Perspectives from Rational Maximizing Models
Risk, Uncertainty, and Exchange Rates
Foreign Currency Futures
Real Aspects of Exchange Rate Regime Choice with Collapsing Fixed Rates
Asset Price Volatility, Bubbles and Process Switching