VITA Steven L. Green AUGUST 1998 ADDRESS: 8209 Whippoorwill ADDRESS: Baylor University (Home) Waco, TX 76712-3411 (Business) P.O. Box 98003 Waco, TX 76798-8003 TELEPHONE: 254-776-0484 (Home) FAMILY: Wife Judy (married 5/26/90) 254-710-2263 (Work) Son Aaron (born 6/11/97) 254-710-1092 (FAX) E-MAIL: HOME PAGE: STEVE_GREEN@BAYLOR.EDU http://hsb.baylor.edu/html/green/home.htm DATE OF BIRTH: August 9, 1957 CITIZENSHIP: U.S.A. Plainview, Texas EDUCATION: Ph.D., Economics, December 1983, Brown University, Providence, RI A.M., Economics, June 1981, Brown University, Providence, RI B.A. (Summa Cum Laude), Economics, May 1979, Baylor University, Waco, TX DISSERTATION: "Excess Inflation in Three Models with Rational Monetary Policy" (Advisor: Herschel I. Grossman) AREAS OF SPECIALIZATION: Macroeconomics, Applied Econometrics, Applied Time Series Analysis PROFESSIONAL POSITIONS: September 1986 to present: Baylor University, Waco, TX Professor (8/98 to present); Associate Professor (9/89 to present); Assistant Professor (9/86 to 9/89) Collaborating Faculty, Institute of Graduate Statistics (4/91 to present) Summer 1993; June 1987 to August 1988: Economics Institute, Boulder, CO Visiting Professor (Summer 1993, Summer 1987, and Summer 1988) Steering Committee Chairman, Program in World Banking and Finance (9/87 to 8/88) September 1985 to August 1986: Federal Reserve Bank of Dallas, Dallas, TX Visiting Scholar September 1983 to August 1985: Vanderbilt University, Nashville, TN Instructor (9/83 to 12/83) Assistant Professor (1/84 to 8/85) August 1984 to August 1986: National Bureau of Economic Research, Cambridge, MA Research Economist
Vita of Steven L. Green February 1998 Page 2 AWARDS AND ACADEMIC HONORS: Most Valuable Professor, Dallas Executive MBA Program, May 1997 Teaching Award for Tenured Faculty, Baylor University, May 1993 Special Merit Award, AMEX Bank Review Essay Competition in International Economics and Financial Markets, 1989 (with H. Stephen Gardner) Teaching Fellow, Brown University, 1982-83 Marston Scholar, Brown University, 1979-82 Phi Beta Kappa, Baylor University, 1979 Outstanding Economics Major, Baylor University, 1979. RESEARCH GRANTS: Norwegian Council of Applied Social Research, funding for summer 1992 salary to examine the historical behavior of crude-oil prices. Senior Research Associate, "Rational Monetary Policy in Positive Macroeconomic Analysis," National Science Foundation Grant SES-8408873 through the National Bureau of Economic Research, 1984-86. "Monetary Policy and the Problem of Time Consistency," Social Science Research Council Subcommittee on Monetary Dissertation Research Award, 1982-83. PUBLICATIONS: Macroeconomics: Analysis and Applications. Fort Worth: The Dryden Press, 1993. "Toward Crude Oil Contract Efficiency," (with Knut Anton Mork), Journal of Applied Econometrics, Vol. 6 (1991), pp. 45-66. "Restructuring the Ruble: Prospects for Convertibility," (with H. Stephen Gardner), in Richard O'Brien and Ingrid Iversen, eds., Finance and the International Economy: 3 (Oxford: Oxford University Press) 1990, pp. 190-200. "Theories of Inflation: A Review Essay," Journal of Monetary Economics 20 (1987), pp. 169-175. "Monetary Policy in Developing Countries and the New Monetary Economics," Journal of Economic Development 11 (December 1986), pp. 7-23. (Lead Article) "The Abrogation of Gold Clauses in 1933 and Its Relation to Current Controversies in Monetary Economics," Federal Reserve Bank of Dallas Economic Review, July 1986, pp. 1-17. "The Illusion of Stabilization Policy?" (with Herschel I. Grossman), Carnegie-Rochester Series on Public Policy 25 (Autumn 1986), pp. 221-236.
Vita of Steven L. Green February 1998 Page 3 PUBLICATIONS (continued): "Crude-Oil Spot and Official Prices and the Efficient-Market Hypothesis," (with Knut A. Mork), Proceedings of the Eighth Annual North American Meetings of the International Association of Energy Economists (1986). "Rational Expectations, Inventory Adjustments, and the Short-Run Dynamics of the World Oil Market," (with Knut A. Mork), Proceedings of the Seventh Annual North American Meetings of the International Association of Energy Economists (1985). "Some Initial Explorations of Inter-regional Linkages for Econometric Models," (with M. Ray Perryman), in Masanao Aoki, ed., Modeling the National Economy (New York: Pergamon Press, 1983). WORKING PAPERS (RESEARCH IN PROGRESS): Frequency, Cycles and Intensity in U.S. Earthquake Events, 1869-1996 (with J. Allen Seward), presented at the August 1997 Conference of the American Risk and Insurance Association in San Diego and at the November 1996 Conference of the Southern Risk and Insurance Association in South Carolina. "Permanent Shocks and Transitory Innovations in the Price of Crude-Oil, 1862-1993" (with Knut Anton Mork and Kjell Vaage). Under review at The Journal of Forecasting. "Cointegration Analysis of the Service Sector Cost Disease," presented at the July 1995 convention of the Western Economic Association in San Diego. PRESENTATIONS: An Outlier-Based Time-Series Analysis of the Price of Crude-Oil over the Last 130 Years, accepted for presentation at the annual Conference of the Southern Economic Association in Orlando, Florida (November 1994). Presented (by co-author) at the June 1993 European summer meetings of the Econometric Society in Uppsala, Sweden. Presented by me at the Norwegian School of Management in February 1993. Current Issues in the Analysis of Nonstationary Time Series, a series of three lectures given at the Norwegian School of Economics and Business Administration in Bergen, Norway. Cash Flow Variability and the Optimal Fraction of Floating Rate Debt, (with Lance G. Gilliland), presented at the 1990 Conference of the Missouri Valley Economic Association in Memphis. How to Talk Like an Economist, presented at the 1989 Convention of the Southwestern Economic Association in Houston. Overview of Seminar in Comparative Central Banking and Financial Systems, presented in August 1988 to the Economics Institute s 30th Anniversary Symposium on Current Issues in World Banking and Finance in Boulder, Colorado. Sovereign Immunity, Government Contracts, and the Feasibility of Policy Rules, presented at the November 1988 Conference of the Southern Economic Association in San Antonio.
Vita of Steven L. Green February 1998 Page 4 PRESENTATIONS (continued): The Permanent Income Hypothesis and the Variability of State and Local Tax Receipts, presented at the November 1987 Conference of the Southern Economic Association in Washington, DC Currency Substitution and the Distributional Effects of Monetary Policy in Korea, presented at the December 1987 Conference of the American Economic Association in Chicago Toward Efficiency in the Crude-Oil Market, (with Knut Anton Mork), presented at the Eighth Annual Conference of the International Association of Energy Economists (by co-author), at Texas A&M University, at Oak Ridge National Laboratories (by co-author), at the Federal Reserve Bank of Dallas, and at the 1986 Conference of the Southwestern Economic Association. Monetary Policy Determination and the Internal Consistency of Business Cycle Models, presented at the March 1987 Conference of the Southwestern Society of Economists in Houston. Wage Accommodation with No Policy Dilemma, presented at the 1986 Conference of the Southern Economic Association and to the Macroeconomics Seminar at Texas A&M University. A Bit of Cross-Country Evidence on Portfolio Adjustment Costs and Money Demand, (with Woo Sik Jung), presented at the March 1985 Conference of the Midwest Economic Association in Cincinnati and at the February 1985 Macroeconomics Workshop of Vanderbilt University. Employment Relationships within the Supply-Side of Regional Econometric Models (with M. Ray Perryman), presented at the October 1980 Conference of the Atlantic Economic Society in Boston. An abstract of this paper appears in the March 1991 issue of the Atlantic Economic Journal 9(1), p. 83. Unattainable Objectives, Incomplete Information, and Regrettable Macroeconomic Policy, presented in June 1983 at the Board of Governors of the Federal Reserve System in Washington, DC. An earlier version of this paper was presented in January and February of 1983 at the following universities: Arizona State, Emory, California-Santa Barbara, Texas A&M, Florida State, and Vanderbilt. COURSES TAUGHT AT BAYLOR (* indicates a new course I developed) Economics 4310 (now Economics 3307): Intermediate Macroeconomic Analysis (Undergraduate) Economics 4347: Econometrics (Undergraduate) Economics 5347: Econometrics (Master s) * Statistics 5362: Time Series Analysis (Doctoral) * Economics 5410: Analysis of National and Global Business Conditions (Executive MBA course) * Economics 5333: Foreign Exchange Markets and International Monetary Institutions (Master s) * Economics 4333: Foreign Exchange Markets (Undergraduate) * Economics 4380: Economic Reasoning and Policy Analysis (capstone course for economics majors) Economics 5310: Seminar in Macroeconomic Theory (Master s) Business 5902: Integrated Management Seminar, Macroeconomics component (Master s) Economics 2305 (now 2307): Principles of Macroeconomics (Undergraduate) * Economics 2305 (now 2307): Principles of Macroeconomics, section exclusively for honors program students (Undergraduate)
Vita of Steven L. Green February 1998 Page 5 COURSES TAUGHT AT BROWN UNIVERSITY, VANDERBILT UNIVERSITY, AND THE ECONOMICS INSTITUTE: Macroeconomic Theory (Doctoral) Theory of Money and Finance (Doctoral) Intermediate Microeconomics (Undergraduate) Comparative Central Banking and Financial Systems (Undergraduate) Econometrics (Undergraduate) Intermediate Macroeconomics (Undergraduate) International Financial Markets (undergraduate) OTHER TEACHING ACTIVITIES: Major advisor for one master s thesis and three undergraduate honor s thesis. Served on three doctoral dissertation committees and numerous (approximately 20) master s and undergraduate honors thesis committees. Led Independent Studies with approximately 30 students. Led Honors Colloquia on The Closing of the American Mind, Beauty and the Labor Market, and Hyperinflation. Ph.D. Preliminary Examination Committees at Vanderbilt University. - International Economics (1983-84). - Macroeconomics (1984-85). - Money and Finance (1983-85). SERVICE (University): College of Arts & Sciences Task Force on the Department of Environmental Studies, Fall 1997-Spring 1998. Chair of Honors Program Task Force, Spring-Summer 1997. Honors Program Committee, 1996-present. University Scholars Committee, 1988-present. Faculty Senate, 1991-1993. - Executive committee, 1992. - Merit Pay committee, 1992. Phi Beta Kappa, Zeta of Texas chapter. - President, 1996-1998. - Vice President and Chair of Members-in-Course Committee, 1994-1996. - Historian, 1992-1994. - Initiation Committee, 1988, 1990-1992 (member), 1989 (chair). - Members-in-Course Committee, 1993. - Albaugh Lecture Committee (1986-1988), Chair (1990-91). - Audit Committee, 1986-87.
Vita of Steven L. Green February 1998 Page 6 SERVICE (University, continued): Marshall at commencement, 1989-1997 BIC Steering Committee, 1994 - present - Chair, Assessment Subcommittee, 1996 - present Optional Core Curriculum Task Force, 1991-1993 Faculty Advisory Committee on Academic Freedom and Responsibility, 1991 Strategic Planning Council, 1991-1992 - Chair of subcommittee on Long-Range Academic Matters: prepared detailed report on the assessment of student outcomes, 1992 - Liaison to Faculty Senate, 1991 University Committee on AIDS 1988-1991 (Chair, subcommittee on legal issues) Graduate Curriculum Committee, 1989-1990 Graduate Council, 1990 College of Arts & Sciences Committee on Career Planning (1988-89) Advisory Committee on University Planning, Brown University, 1982-83 SERVICE (College and Department): Hankamer School of Business Software Advisory Committee, 1993-94. Manager of proprietary on-line databases Citibase and DRI/McGraw-Hill, 1988-present. Manager of econometric software packages Micro-TSP and Econometric Views, 1994-present. Developed (with Jim Henderson) the Bachelor of Science degree program in economics, 1993. Chair, Department of Economics Research Goals Implementation Committee, 1997-present. Member, Department of Economics Faculty Search Screening Committee, 1995 - present. Top Business Student Task Force, 1992. Chair, Dept. of Economics faculty committee on the future of the Money & Banking Course, 1992. Primary academic advisor for 30 freshmen and 50 upper-class economics majors at Vanderbilt University, 1984-85. Conceived and participated in a faculty workshop on the teaching of reasoning skills in economics courses (conducted by Professor Thomas J. Schwartz), Vanderbilt University, 1985.
Vita of Steven L. Green February 1998 Page 7 SERVICE (College and Department, continued): Participated in the Teacher Training Program, an intensive short-term examination of teaching techniques cosponsored by Vanderbilt University and the Joint Council on Economic Eduation, May 1984. Faculty recruiting committees for senior positions in macroeconomics (1983-85) and entry-level position in money/macro/international finance (1984-85), Vanderbilt University. Coordinator, Macroeconomics Workshop, Vanderbilt University, 1984-1985. OTHER PROFESSIONAL ACTIVITIES: Referee for Journal of Economic Education, Quarterly Review of Economics and Finance, Journal of Macroeconomics, and Journal of Economics. Discussant of the work of other scholars at numerous conferences, including the Southern Economic Association, Western Economic Association, Midwest Economic Association, and Atlantic Economic Society. Organized and moderated a panel session on Econometric Issues in the Forecasting of Governmental Revenues and Expenditures at the Southern Economic Association Annual Convention in New Orleans, November 1995. Prepared National and Texas Forecast for Hankamer School of Business Forecast Luncheon, 1995-97. Preparation of the national forecast involves use of the Fair Model, a 300-equation econometric model developed by Professor Ray Fair of Yale University. For the Texas forecast, I have developed a smaller (approximately 20 equations) econometric model of the Texas economy. Published op-ed pieces in the Dallas Morning News, Houston Chronicle, Las Colinas Business Press, San Antonio Business Press, Corpus Christi Caller-Times, Waco Tribune-Herald, and The Business Press. Several appearances on local television news programs. Consultant, McLane Industries, Inc., 1997. Consultant, U.S. Department of Justice, King Ranch v. U.S., 1992-1993 Organized session on Sovereignty and Public Policy at the November 1988 Conference of the Southern Economic Association in San Antonio. Conference Chairman, Symposium on Current Issues in World Banking and Finance, Economics Institute, Boulder, CO, August 14-17, 1988. Assistant Program Chairman, 1987 Conference of the Southwestern Society of Economists Consultant, State of Tennessee Attorney General's Office, Classic Coins, Inc. v. Tennessee, 1985. Briefed Mr. Robert Boykin, President of the Federal Reserve Bank of Dallas, prior to several Federal Open Market Committee Meetings, Fall 1985 to Summer 1986.
Vita of Steven L. Green February 1998 Page 8 OTHER PROFESSIONAL ACTIVITIES (continued): Author, financial section of the monthly report to the board of directors of the Federal Reserve Bank of Dallas, 1985-86. Research assistant to Dr. M. Ray Perryman of Baylor University during the development of the Texas Econometric Model, 1980-81. REFERENCES: Available upon request.