Stephen John TURNOVSKY

Background

Turnovsky, Stephen John was born on April 5, 1941 in Wellington, New Zealand. Came to the United States, 1981. Son of Frederick and Liselotte Felicitas (Wodak) Turnovsky.

Education

Bachelor, Victoria University, Wellington, 1962. Master of Arts with honors, Victoria University, Wellington, 1963. Doctor of Philosophy, Harvard University, 1968.

Career

Junior Lector, Victoria University, Wellington, 1963. Assistant Professor, University Pennsylvania, 1968-1971. Association Professor, University Toronto, 1971-1972.

Professor of Economics, American National University, 1972-1982.

Visiting Professor, School Business Administration, University California Berkeley, 1975, University Paris-Dauphine, 1979, University Minnesota, 1979. Visiting Research Association, Centre d'Etudes Prespectives d’Economie Mathematique Appliquee a la Planification, France, Paris, 1979.

Visiting Fellow, Nuffield College Oxford, 1979. Professor of Economics, University Illinois, Urbana-Champaign, Illinois.

Research Association, National Bureau of Economie Research, New York, New York, United States of America, Cambridge, Massachusetts, United States of America, 1982.

Joint Editor, Economic Record, 1973-1977. Editor, Journal of Economic Dynamics and Control, since 1981. Editorial Board, Australian Economics Review, 1973-1974, International Economic Record, since 1972, Journal of Economic Dynamics and Control, 1979-1981, Journal of Money, Credit and Banking, , J Public Economy, since 1982.

Achievements

• Stephen John Turnovsky has been listed as a noteworthy economics professor by Marquis Who's Who.

Works

More photos

• book

  • International Macroeconomic Dynamics

    ( For a long time, the study of macroeconomics has focuse...)

  • Methods of Macroeconomic Dynamics - 2nd Edition

    ( Just as macroeconomic models describe the overall econo...)

  • Macroeconomic Analysis and Stabilization Policy

    (The main focus of this book, first published in 1977, is ...)

  • Workbook for Methods of Macroeconomic Dynamics - 2nd Edition

    ( This workbook accompanies the second edition of Stephen...)

  • International Macroeconomic Stabilization Policy (Uncertainty & Expectations in

    (Book by Turnovsky, Stephen J.)

  • Methods of Macroeconomic Dynamics - 2nd Edition by Stephen J. Turnovsky (2000-01-24)

    (Will be shipped from US. Brand new copy.)

  • Methods of Macroeconomic Dynamics - 2nd Edition by Turnovsky, Stephen J. 2nd edition (2000) Hardcover
  • Macroeconomic Analysis and Stabilization Policies
  • International Macroeconomic Dynamics
  • Methods of Macroeconomic Dynamics:2nd (Second) edition
  • International Macroeconomic Dynamics by Stephen J. Turnovsky (1997-11-21)

Views

I have worked extensively in macroeconomic theory, particularly in the modelling and analysis of consistently specified dynamic systems Much of the emphasis of this work has been on inflation, inflationary expectations, and their interaction with other macroeconomic variables. I am also interested in rational expectations, both the methodological issues and the policy questions.

More recently my interests have moved in the direction of international macroeconomic theory. This work has centred around the dynamic behaviour of exchange rates, as well as the analysis of economies subject to stochastic disturbances of various kinds. I have a continuing interest in issues pertaining to macroeconomic stabilisation policy.

This extends from traditional dynamic optimal feedback policy to more current interests in optimal exchange market intervention, and more generally, optimal stabilisation of stochastic economies. I have also worked on problems of price stabilisation. This has concerned the analysis of various schemes directed at the stabilisation of prices and the allocation of the benefits and losses resulting from them.

My recent work in this area has focussed on the effectiveness of futures markets as a means of stabilising the spot price.

Membership

Fellow Econometric Society, Academy Social Sciences in Australia. Member Society Economic Dynamics and Control (president 1982-1984, editor Journal Economic Dynamics and Control 1981-1987, 95-2001), Society Computational Economics (president 2004-2005).

Interests

• 023 Macroeconomic Theory. 131 Economic Fluctuations. 430 Balance of Payments.
  
  International Finance.

Connections

Married Michelle Henriette Louise Roos, January 21, 1967. Children: Geoffrey George, Jacqueline Liselotte.

Father:

Frederick Turnovsky

Mother:

Liselotte Felicitas (Wodak) Turnovsky

Spouse:

Michelle Henriette Louise Roos

child:

Geoffrey George Turnovsky

child:

Jacqueline Liselotte Turnovsky