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Dr. Barry Falk Vita



                                                                                                                           July 2008

                                                                 Curriculum Vita
Personal Data
 

            Home Address                                Office Address           

            1352 S. Dogwood                           102 Hillcrest House, MSC 1501
            Harrisonburg, VA 22801                  James Madison University
            (540) 574-6078                              Harrisonburg, VA
                                                                (540) 568-5535
                                                                falkbl@jmu.edu           

Education

            Degree            Field                Institution                                       Year
            Ph.D.               Economics       University of Minnesota                    1982
            B.A.                 Economics       University of Pennsylvania               1974


Professional Experience

2007 -               Honors Program Director and Professor of Economics
                        James Madison University
       
1980 - 2007:     Iowa State University
                        Assistant Professor, Associate Professor,
                        Professor of Economics

2006 - 2007:     Administrative Intern, Provost's Office/Honors Program, ISU
                        (1/2 Time, One-Year Appointment)

1992 - 1993:     Visiting Fellow, Economics, Yale University

1979 - 1980:     Visiting Scholar, Economics Research Division,
                        Federal Home Loan Bank Board, Washington, D.C.

 

Research and Teaching Primary Areas of Interest

Macroeconomics and Time Series Econometrics

 

RESEARCH


Refereed Publications

"Testing Time Consistency Models of Inflation," Journal of Money, Credit and Banking,
Vol. 40, 2008, pp. 409-425 (with Matthew Doyle). 

"A Threshold Model of Real U.S. GDP and the Problem of Constructing Confidence
Intervals in TAR Models," Studies in Nonlinear Dynamics and Econometrics, Vol. 11, 2007,
No. 3, Article 4 (with Walter Ender and Pierre Siklos).

Confidence Intervals in TAR Models," Studies in Nonlinear Dynamics and Econometrics,
Vol. 11, 2007, No. 3, Article 4 (with Walter Ender and Pierre Siklos). 

"Efficiency Tradeoffs in Estimating the Linear Trend Plus Noise Model,"Economics
Bulletin
, Vol. 3, 2006, pp. 1-9 (with Anindya Roy). 

"Cointegration, Market Integration, and Market Efficiency," Journal of International
Money and Finance
, Vol. 24, 2005, pp. 873-890 (with Sergio Lence). 

"Forecasting using the Linear Trend Model with Autoregressive Errors," International
Journal of Forecasting
, Vol. 21, 2005, pp. 291-302 (with Anindya Roy).

"Estimation of the Trend Model with Autoregressive Errors," forthcoming, Journal of
the American Statistical Association
, Vol. 99, 2004, pp. 1082-1091 (with Anindya Roy
and Wayne Fuller). 

"The Inventory-Sales Relationship in the Market for New Single-Family Homes," Real
Estate Economics
, Vol. 32, 2004, pp. 645-672 (with Bong-Soo Lee).

"Testing Long-Run PPP with Infinite-Variance Returns," Journal of Applied Econometrics,
Vol.18, 2003, pp. 471-484 (with Chun-Hsuan Wang). 

"Fads, Fundamentals, and Farmland Prices: Reply to Comment," American Journal of
Agricultural Economics
  Vol. 83, 2001, pp. 1078-1081 (with Bong-Soo Lee and Rauli
Susmel).

"Fitting Autoregressive Trend Stationary Models in Finite Samples," International Journal
of Forecasting
, Vol. 15, 1999, pp. 11-25. 

"The Dynamic Effects of Permanent and Transitory Labor Income onConsumption," Vol. 41,
1998, pp.371-387,  Journal of Monetary Economics (with Bong-Soo Lee).           

"Threshold-Autoregressive, Median-Unbiased, and Cointegration Tests of Purchasing
Power Parity," International Journal of Forecasting, Vol. 14, 1998, pp. 171-186 (with Walter
Enders). 

"Fads, Fundamentals, and Farmland Prices," American Journal of Agricultural Economics
Vol. 80, 1998, pp. 696-707 (with Bong-Soo Lee). 

"Predictable Excess Returns in Real Estate Markets: A Study of Iowa Farmland Values,"
Journal of Housing Economics
, Vol. 2, 1992, pp. 84-105. 

"Formally Testing the Present Value Model of Farmland Prices,"  American Journal of
Agricultural Economics
, Vol. 73, No. 1, February 1991, pp. 1- 10. 

"Time Series Implications of Friedman's Permanent Income Hypothesis,"  Journal of
Monetary Economics
, Vol. 26, No. 2, October 1990, pp. 267-283  (with Bong-Soo Lee). 

"The Role of Systematic Fed Errors in Explaining the Money Supply Announcements
Puzzle," Journal of Money, Credit and Banking, Vol. 21, No. 3,August 1989, pp. 401-406
(with Peter Orazem). 

"Measuring Market Responses to Error-Ridden Government Announcements,"  The
Quarterly Review of Economics and Business, Vol. 29, No. 2, Summer 1989, pp. 41-55
(with Peter Orazem). 

"Further Evidence on the Asymmetric Behavior of Economic Time Series over the
Business Cycle," Journal of Political Economy, Vol. 94, No. 5, October 1986, pp. 1096-1109. 

"The Impact of Federally Sponsored Credit Agencies' Policy Instruments on Housing
and Credit Markets," Housing Finance Review, Vol. 5, No. 4, October 1986. 

"Unanticipated Money Supply Growth and Single-Family Housing Starts in the U.S.:
1964-1983," Housing Finance Review, Vol. 5, No. 3, July 1986. 

"The Money Supply Announcements Puzzle: A Comment," The American Economic
Review
, Vol. 75, No.3, June 1985, pp. 562-564 (with Peter Orazem). 

"A Microeconomic Test of Money Neutrality," The Review of Economics and Statistics,
Vol. 66, No. 4, November 1984, pp. 666-669 (with Walter Enders). 

"Forecasting Housing Starts using Multivariate Time Series Methods," Housing Finance
Review
, Vol. 2, No. 2, April 1983, pp. 109 -126.  


Unpublished Papers
 

"A Search for Speculative Bubbles in Farmland Prices." 

"Time-Varying Discount Rates and Rent-Price Ratios." 

"Structural Breaks in Cointegrating Regressions with Heavy-Tailed Errors" (with
Mehmet Caner).           

"Revisiting the Phillips Curve with a Structural VAR (with Bong-Soo Lee). 

"A Theory of Futures Market Responses to Government Crop Forecasts" (with Peter F.
Orazem). 

"Do Asymmetric Central Bank Preferences Help Explain Observed Inflation Outcomes?"
(with Matthew Doyle)

         

Papers Presented at Regional, National and International Conferences 

"Testing Time Consistency Models of Inflation," M. Doyle and B. Falk, presented by
M. Doyle at the Midwest Macroeconomic Meetings, May 2004, Ames,  Iowa.

"Revisiting the Phillips Curve with a Structural VAR," B. Falk and B.S. Lee, presented
at the Winter Meetings of the North American Econometric Society,  January, 2001,
New Orleans, Louisiana. 

"Forecasting in Models with Trending Data and Autoregressive Errors," B. Falk and
A. Roy, presented at the International Symposium on Forecasting , June 2000,
Lisbon, Portugal. 

"Estimation of the Trend Model with Autoregressive Errors," A. Roy, B. Falk, and
W.A. Fuller, presented at the:

        
         American Statistical Association Meetings, August 2000, Indianapolis,  Indiana
         (Presented by A. Roy). 

         Winter Meetings of the North American Econometric Society, January 2000, Boston,
         Massachusetts. 

         Fall Meetings of the Midwest Econometrics Group, October 1999 Ames, Iowa. 


"Projecting the Wildlife and Economic Impacts of U.S. Agricultural Policy Using
Landscape-Level Analysis," W.R. Clark, B. Falk, R.A. Schmitz, and B.A. Babcock,
presented by W.R. Clark at the Second International Wildlife Management Conference,
July 1999, Budapest, Hungary. 

"The Dynamic Effects of Permanent and Transitory Labor Income on Consumption,"
B. Falk and B.S. Lee, presented at the Fall Meetings of theMidwest Econometrics Group,
September 1991, South Bend, Indiana.      

"Testing Present Value and Rational Bubble Models of Farm Real Estate Values,"
B. Falk, presented at the Annual Meetings of the American Agricultural Economics
Association, August 1989, Baton Rouge, Louisiana. 

"Time Series Implications of Friedman's Permanent Income Hypothesis," B. Falk and
B.S. Lee, presented at the Winter Meetings of the North American Econometric Society,
December 1988, New York. 

"A Theory of Future's Market Responses to Government Crop Forecasts," B. Falk and
P.F. Orazem, presented by P.F. Orazem at the Annual Meetings of theAmerican Economic
Association, December 1985, New York. 


Referee Services (Partial List)
 

American Economic Review, American Journal of Agricultural Economics, International
Economic Review, Journal of Agricultural Economics, Journal of Applied Econometrics, Journal
of Business andEconomic Statistics, Journal of Environmental Economics and Management,
Journal of Housing Economics, Journal of International Money and Finance, Journal of
Macroeconomics, Journal of Money, Credit and Banking, Journal of Political Economy, Review of
Agricultural Economics, Review of Economics and Statistics, Southern Economic Journal,
Statistics and Probability Letters
 


TEACHING

Classes Taught:

   Undergraduate -

            Principles of Macroeconomics (regular and honors sections)
            Intermediate Macroeconomics
            Money and Banking
            Mathematical Economics
            Advanced Macroeconomics
            Econometrics
            Economic Forecasting 

Graduate -

            Macroeconomic Theory I and II
            Financial and Monetary Economics (several M.S. and Ph.D. courses)
            Advanced Economic Theory
            Applied Econometrics
            Macroeconometrics
            Advanced Topics in Econometrics 


Ph.D. Students Supervised

Julio Alonso-Cifuentes, Robert Baur, Sungwon Cho, Pin Chung, Oya Erdogdu,
Kubilay Gursel,  Seunghwan Kim, Taeyol Lee, Phillip Murray, Atcharawan Ngarmyarn,
Ozgu Serrtas (current), Tracy Wang, Biyong Xu, Dong Yan,  Yan Zhang.


M.S. Students Supervised:

Florin Citu, Songdang Gultom, Sang Yong Lee, Young-Seob Son, Rittiron Sungsuwan. 


Other Graduate Student Committees

Served on an additional 36 Ph.D. and 22 M.S. committees in Economics, Statistics,
Mathematics, and Physics.