Don Schlagenhauf Economist

Transcription

1 Generated: April 2018 Don Schlagenhauf Economist Joined the Bank Staff August 2015 Education Areas of Interest Ph.D. Economics, University of Illinois, Urbana, 1977 M.A. Economics, University of Illinois, Urbana, 1974 B.S. Business Administration, Marquette University, 1970 Macroeconomic Theory, Real Estate Economics, Computational Economics Previous Experience August March 2017 August, December 2008, Summer 2009, December 2009, Summer 2010, December 2010, Summer, 2011 August December 2007 Chief Economist, Center for Household Financial Stability, Federal Reserve Bank of St. Louis Visiting Scholar, Federal Reserve Bank of St. Louis Visiting Scholar and Consultant, Federal Reesrve Bank of Atlanta Visiting Professor, Chinese-European International Business School (CEIBS) December 2004 Visiting Scholar, Center for International Research on the Japanese Economy, University of Tokyo Professor of Economics, Florida State University Brim Eminent Scholar Chair, Florida State University Distinguished Research Professor, Arizona State University Spring 1997 Visiting Scholar, Federal Reserve Bank of St. Louis 1

2 Professor of Economics, Arizona State University Summer 1990 Fall 1989 May August 1987 Visiting Scholar, Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis Visiting Scholar, Internal Monetary Fund (Research Division) Visting Fellow, Australia National University, Research School of Social Sciences 1986 Visiting Professor of Business Economics, Graduate School of Business, University of Chicago Associate Professor of Economics, Arizona State University 1983 Visiting Scholar, Federal Reserve Board (International Division) Assistant Professor of Economics, Arizona State University Articles Published in Peer-Reviewed Journals "Did Housing Policies Cause The Postwar Boom In Homeownership?" with Matthew Chambers and Carlos Garriga, Housing and Mortgage Markets in Historical Perspective. Edited by White, Snowden, and Fishback NBER., September "Housing Policy And The Progressivity Of Income Taxation," with Matthew Chambers and Carlos Garriga, Journal of Monetary Economics, 56(8), pp , November "Accounting For Changes In The Homeownership Rate," with Matthew Chambers and Carlos Garriga, International Economic Review, 50(3), pp , August "Mortgage Contracts And Housing Tenure Decisions," with Matthew Chambers and Carlos Garriga, Review of Economic Dynamics, 12, pp , July Publisher DOI: "The Loan Structure And Housing Tenure Decisions In An Equilibrium Model Of Mortgage Choice," with Matthew Chambers and Carlos Garriga, Review of Economic Dynamics, 12(3), pp , July "Equilibrium Mortgage Choice And Housing Tenure Decisions With Refinancing," with Matthew Chambers and Carlos Garriga, Review of Economic Dynamics, 12(3), pp , July

3 "The Tax Treatment of Homeowners and Landlords and the Progressivity of Income Taxation" with M. Chambers and Carlos Garriga, Journal of Monetary Economics, 2009, 56(8), "The Identification of the Causes of Business Cycles Across Countries", with Stefan Norrbin, Journal of International Economics, February 1996, 40, "Comment on Liquidity Effects and Transaction Technologies,", Journal of Money, Credit, and Banking, November 1995, 27 (Pt. 2), "Exchange Rate Dynamics and International Effect of Monetary Shocks in Monetary, Equilibrium Models", with Jeff Wrase, Journal of International Money and Finance, 14, April 1995, "Liquidity and Real Activity in a Simple Open Economy Model", with J. Wrase, Journal of Monetary Economics, 1995, 35, "The Importance of Sectoral and Aggregate Shocks in Business Cycles", with Stefan Norrbin, Economic Inquiry, Vol. XXIX, No. 2, April 1991, pp "Intertemporal Asset-Pricing Relationships in Barter and Monetary Economies: An Empirical Analysis", with M.J. Finn and D. Hoffman,, Journal of Monetary Economics, 14, September 1990, "Sources of Macroeconomic Fluctuations in the Inter-War and Post-Was Years", with Stefan Norrbin, Journal of Economic Dynamics and Control, 14, 1990, p "Sources of Macroeconomic Fluctuations in the Inter-War and Post-Was Years", with Stefan Norrbin, Journal of Economic Dynamics and Control, 14, 1990, p "Sovereign Risk in International Lending: Some Theory and Evidence from the Secondary Bond Market", with M. Melvin, Journal of International Money and Finance, Fall 1989, p "U.S. Budget Deficit and the Foreign Exchange Value of the Dollar", with M. Melvin and A Talu, Review of the Economics and Statistics, LXXI, August 1989, pp "An Inquiry Into the Sources of Macroeconomic Fluctuations", with Stefan Norrbin, Journal of Monetary Economics, 22, 1988, pp "Risk in International Lending: A Dynamic Factor Analysis Applied to France and Mexico", with M. Melvin, Journal of International Money and Finance, Vol. 5, Supplement, March 1986, pp

4 "A Country Risk Index: Econometric Formulation and an Application to Mexico", with M. Melvin, Economic Inquiry, Vol. XXIII, No. 4, October 1985, pp "The Impact News and Alternative Theories of Exchange Rate Determination", with D. Hoffman, Journal of Money Credit and Banking, August 1985, pp "Real Interest Rates, Anticipated Inflation and Unanticipated Money: A Cross Country Study", with D. Hoffman, Review of Economics and Statistics, May 1985, pp "Test of Rationality, Neutrality and Market Efficiency: A Monte Carlo Analysis of Alternative Test Statistics", with D. Hoffman and S. Low, Journal of Monetary Economics, Vol. 14, No. 3, November 1984, pp "Estimation of the Trend Rate of Growth of Productivity", with A. Blakemore, Applied Economics, Vol. 15, No. 6, December 1983, pp "The Benefits of Long-Term Developmental Planning: An Estimate", with J. Brada and A. King, World Development, Vol. 11, No. 11, November 1983, pp "Rational Expectations and Monetary Models of Exchange Rate Determination: An Empirical Examination", with D. Hoffman, Journal of Monetary Economics, Vol. 11, No. 2, March 1983, pp "Rational Expectations, Specification Tests and Macroeconomic Models", with D. Hoffman, Journal of Econometrics, Vol. 21, March 1983, pp "A Test for Structural Instability in the Secular Growth Rate of Productivity", with A. Blakemore, Economic Letters, Vol. 13, 1983, pp "Czechoslovak Planners as Resource Allocators and Macro-economic Stabilizers", with J. Brada and A. King, ACES Bulletin, Vol. 24, No. 1, Spring 1982, pp "An Econometric Investigation of the Monetary Neutrality and Rationality Propositions: An International Perspective", with D. Hoffman, Review of Economics and Statistics, 1982, pp "The Optimal Structure and Length of an Incomes Policy", with W. J. Boyes, The Quarterly Review of Economics and Business, Vol. 31, No. 4, Winter 1981, pp "Price Controls in an Open Flexprice-Fixprice Economy", with with W. J. Boyes, Journal of Macroeconomics, Vol. 3, No. 3, Fall 1981, pp "FNMA Auction Results as a Forecasting Device", with H. Kaufman, Journal of Money, Credit and Banking, August 1981, pp

5 "The Optimality of Socialist Development Strategies: An Empirical Inquiry,", Journal of Economic Dynamics and Control, Vol. 3, No. 1, February 1981, pp "Managerial Incentives and the Specification of Functional Form", with W. J. Boyes, Southern Economic Journal, April 1979, pp "Inflation and Price Controls in a Flexprice-Fixprice Model", with F. R. Shupp, Annals of Economic and Social Measurement, 6/5, 1978, pp. 501,519 "Intervention Analysis of the Economic Response to Crime Control Legislation", with L. McPheters and R. Mann, Economic Inquiry, Vol. 22, No. 4, pp Forthcoming Papers "Corporate Income Tax, Legal Form Of Organization, And Employment," FORTHCOMING: American Economic Journal: Macroeconomics. Working Papers "The Postwar Conquest of the Home Ownership Dream," with Matthew Chambers and Carlos Garriga, Working Paper A, April "Corporate Income Tax, Legal Form of Organization, and Employment," with Daphne Chen and Shi Qi, Working Paper A, July Articles in Federal Reserve Bank of St. Louis Publications "Household Debt and the Great Recession," with Carlos Garriga and Bryan J. Noeth, Federal Reserve Bank of St. Louis Review, Second Quarter 2017, Vol. 99, No. 2, "The Homeownership Experience of Minorities During the Great Recession," with Carlos Garriga and Lowell R. Ricketts, Federal Reserve Bank of St. Louis Review, First Quarter 2017, Vol. 99, No. 1, "Mortgage Innovation, Mortgage Choice, and Housing Decisions," with Matthew Chambers and Carlos Garriga, Federal Reserve Bank of St. Louis Review, November/December 2008, Vol. 90, No. 6, "Recent Trends in Homeownership," with Carlos Garriga and William T. Gavin, Federal Reserve Bank of St. Louis Review, September/October 2006, Vol. 88, No. 5, "On Corporate Income Taxes, Employment, and Wages," with Shi Qi, Federal Reserve Bank of St. Louis Economic Synopses, 2018, No. 7. 5

6 Other Publications The Quarterly Debt Monitor: Trends in Consumer Debt in St. Louis, Little, Rock, Louisville, Memphis-and Beyond (Developed and published Issue 1-3, 2016), with Lowell Ricketts. "Evaluation of Property Taxes and the Save Our Homes Amendment, State of Florida Legislature," "The Burden of Arizona State and Local Taxes from a Business Perspective," Arizona Tax Research Foundation, "The Role of International Factors in Business Cycles", with Stefan Norrbin, Dynamic Modelling and Control of National Economics, Pergamon Press, Selective Sales Taxes, Arizona Joint Select Committee on State Revenues and Expenditures, An Analysis of the Economic Impact of Several Fiscal Alternatives, Senate and House Forecasting City of Phoenix Sales Tax, City of Phoenix with D.L. Hoffman, Transaction Privilege Tax Forecasting Model for Maricopa and Pima Counties, Arizona Department of Transportations, Grant , with D.L. Hoffman, Commercial and Residential Price Elasticity Study, Arizona Public Service with Blakemore, W. Boyes, D. Hoffman, and J. McDowell Arizona Highway User Revenue Fund Forecasting Model, Arizona Department of Transportation, Grant Number N , 1982, 88 pp, with W. J. Boyes, M. T. Farris, D. L. Hoffman, and L. R. McPheters Short Term Highway User Revenue Fund Forecasting Model, Arizona Department of Transportation, Grant Number N , 1982, 55 pp, with William J. Boyes, M. T. Farris, D. L. Hoffman and L. R. McPheters "Time and Frequency Domain Analysis of Reported Crime Data", with L. McPheters, Mathematical Frontiers in Criminology, J. Fox (ed.), Academic Press, 1980, pp "Vector Autoregression vs. Box Jenkins Techniques in Regional Economic Forecasting: A Comparative Evaluation", with L. McPheters and R. Mann, Proceedings of the American Institute for Decision Sciences, Las Vegas, Nevada,

7 "Incomes Policies in an Open Flexprice and Fixprice Economy", with W. J. Boyes, Proceedings of the IEEE Conference on Decision and Control, 1979, Invited paper, pp Joint Fiscal Reform Committee, with A. Charney, G. Swanson, M. Vest, C. Horn, D. Hoffman, M. Ormiston, L. McPheters, and T. Hogan. Presentations "Did Housing Policies Cause the Post-War Boom in Homeownership? A General Equilibrium Analysis" Society for Economic Dynamics, Gent, Belgium, July "Foreclosure, House Prices, and Bailouts," Conference on Issues in Real Estate Economics and Finance, University of Regensburg, Regensburg, Germany, June "Constructing the Postwar Housing Boom," Arizona State University, March "Identifying "Tipping-Points" in Consumer Liabilities Using High Frequency Data," (with C Garriga, and L. Ricketts), presented at the joint Federal Reserve Bank of St. Louis and World Economic Roundtable Conference on "Tipping Points: Mapping and Understanding the Impact of Debt on Household Financial Well Being and Economic Growth," June "Does College Level the Playing Field? The Homeownership and Mortgage Experience," (with C. Garriga and L. Ricketts), presented at the Research Symposium of the Center for Financial Stability, March "Aggregate and Distributional Dynamics of Consumer Credit in the U.S," Society for Economic Dynamics, June 2015, Warsaw Poland. "Constructing the Postwar Housing Boom," Invited paper at the HULM Real Estate Conference, Federal Reserve Bank of Atlanta, November "Constructing the Postwar Housing Boom," Federal Reserve Bank of St. Louis, August "Constructing the Postwar Housing Boom," Society for Economics Dynamics, Cyprus, June "Foreclosures, House Price Declines and Bailouts," Conference on Issues in Real Estate Economics and Finance, University of Regensburg, Regensburg, Germany, June

8 "Did Housing Policies Cause the Post-War Boom in Homeownership? A General Equilibrium Analysis" NBER Universities Research Conference, Cambridge, September "Did Housing Policies Cause the Post-War Boom in Homeownership? A General Equilibrium Analysis" NBER Conference on Macroeconomics Over Time and Space, Philadelphia, May 2011 "Did Housing Policies Cause the Post-War Boom in Homeownership? A General Equilibrium Analysis" Society for the Advancement of Economic Theory, Faro Portugal, June, "Did Housing Policies Cause the Post-War Boom in Homeownership? A General Equilibrium Analysis" Urban Economic Association Meetings, Miami, November, Discussant of "Blowing It Up and Knocking It Down: The Effect of Demolishing High Contraction Housing on Crime," D. Hartley, Urban Economic Association Meetings, Miami, November, "Home Equity, Foreclosures and Bailouts," Society for the Advancement of Economic Theory, Singapore, August "Home Equity, Foreclosures and Bailouts," World Congress of the Econometric Society, Shanghai, China, August Discussant of "Recourse and Mortgage Default," by Juan Carlos Hatchondo, HULM Conference, Federal Reserve Bank of St. Louis, September, Discussant of "Winners and Losers in the Housing Market," by N. Kiyotki at 34th Annual Policy Conference, "Debt, Financial Markets, and Monetary Policy, Federal Reserve Bank of St. Louis, November "The Design of Foreclosure Punishments: You Just Cannot Walk Away!," Annual Meetings of the Society for Economic Dynamics, Istanbul, Turkey, July "The Design of Foreclosure Punishments: You Just Cannot Walk Away!," Conference on Housing, Financial Assets, and the Economy," Financial Economics Group, London School of Economics, May 18-19, "Foreclosures, House Prices and Bailouts, Riksbank Bank Conference on Housing, Stockholm Sweden, September "Foreclosures, House Prices and Bailouts,: Annual Meetings of the Society for Economic Dynamics, M.I.T. University, Cambridge Ma, July

9 "Foreclosures and House Prices," Yale/Cowles Conference on Macroeconomics with Heterogeneous Households, June 2008, New Haven. "Accounting for Changes in the Homeownership Rate," Semi-annual Meeting of NBER Economic Fluctuations Group, February 2008, New York. "Foreclosures, House Prices and Bailouts, Workshop on Consumer Credit and Default, Federal Reserve Bank of Richmond, November 20-21,