CURRICULUM VITAE
Paul Evans
HOME ADDRESS
1499 Essex Road
Upper Arlington, OH 43221
Phone: (614) 487-0079
BUSINESS ADDRESS
Department of Economics
Ohio State University
Columbus, OH 43210
Phone: (614) 292-0072
Fax: (614) 292-3906
Internet: evans.21@osu.edu
PERSONAL
Married, one daughter six years old
DEGREES RECEIVED
SB, Chemistry, Massachusetts Institute of Technology, 1969
MS, Chemistry, University of Chicago, 1971
PhD, Economics, University of Chicago, 1976
RECENT EMPLOYMENT
Full Professor; Department of Economics, Ohio State University; Columbus, OH 43210; September 1990 to present
Visiting Scholar; Institute of Social and Economic Research, Osaka University, Osaka, Japan; September 1990 to January 1991 and December 1995 to February 1996
Associate Professor; Department of Economics, Ohio State University; Columbus, OH 43210; September 1987 to August 1990
Visiting Associate Professor; Department of Economics, Ohio State University; Columbus, OH 43210; January 1987 to August 1987
Associate Professor; Department of Economics, University of Houston; Houston, TX 77004; September 1984 to August, 1987
Assistant Professor; Department of Economics, Stanford University; Stanford, CA 94305; September 1976 to August 1984
Visiting Scholar; Research Department, Federal Reserve Bank of San Francisco; San Francisco, CA 94120; September 1980 to June 1981
EDITOR
Journal of Money, Credit, and Banking
MEMBER, BOARD OF EDITORS
Studies in Economics and Finance
REFEREE
American Economic Review, Canadian Journal of Economics, Economic Inquiry, Empirical Economics, European Journal of Economics, International Economic Journal, International Economic Review, Journal of Development Economics, Journal of Economic Dynamics and Control, Journal of Development, Journal of International Money and Finance, Journal of Macroeconomics, Journal of Monetary Economics, Journal of Money, Credit, and Banking, Journal of Political Economy, Journal of Post Keynesian Economics, National Science Foundation, National Tax Journal, Quarterly Journal of Business Economics, Quarterly Journal of Economics, Quarterly Review of Economics and Business, Review of Economics and Statistics, Scandinavian Journal of Economics, World Bank Economic Review
PROFESSIONAL MEMBERSHIPS
American Economics Association
Econometric Society
Western Economics Association International
JOURNAL ARTICLES
1. “Time-Series Analysis of the German Hyperinflation,” International Economic Review 19 (February 1978): 195-210.
2. “A Time-Series Test of the Natural-Rate Hypothesis.” Journal of Time Series Analysis 1 (2, 1980): 119-133.
3. “Why Have Interest Rates Been So Volatile?,” Federal Reserve Bank of San Francisco Quarterly Review (Summer 1981): 7-22.
4. “The Effects of General Price Controls on the U.S. during World War II,” Journal of Political Economy 90 (October 1982): 944-966. Reprinted in Price Controls. London: Edward Elgar Publishing, 1993.
5. “The Effects of Price-Level Instability on Output,” Economic Inquiry 21 (April 1983): 172-187.
6. “The Effects on Output of Money-Growth and Interest-Rate Volatility in the United States,” Journal of Political Economy 92 (April 1984): 204-222.
7. “Money, Output and Goodhart's Law: The U.S. Experience,” Review of Economics and Statistics 67 (February 1985): 1-8.
8. “Do Large Deficits Produce High Interest Rates?” American Economic Review 75 (March 1985): 68-87.
9. “Does the Potency of Monetary Policy Vary with Capacity Utilization?” Carnegie-Rochester Conference Series on Public Policy 24 (Spring 1986): 303-332.
10. “Is the Dollar High Because of Large Budget Deficits?” Journal of Monetary Economics 18 (November 1986): 227-250.
11. “Interest Rates and Expected Future Budget Deficits in the United States,” Journal of Political Economy 95 (February 1987): 34-58.
12. “Do Budget Deficits Raise Nominal Interest Rates? Evidence from Six Countries,” Journal of Monetary Economics 20 (September 1987): 281-300.
13. “The Effects of Fiscal Policy in Korea,” International Economic Journal (Summer 1988): 1-14.
14. “Are Consumers Ricardian? Evidence for the United States,” Journal of Political Economy 96 (October 1988): 983-1004.
15. “Are Government Bonds Net Wealth? Evidence for the United States,” Economic Inquiry 26 (October 1988): 553-566.
16. “Comment on ‘What Are the Costs of Excessive Deficits?’”, Macroeconomics Annual 3 (1988): 98-103.
17. “A Test of Steady-State Government-Debt Neutrality,” Economic Inquiry 27 (January 1989): 39-56.
18. “Finite Horizons, Infinite Horizons, and Stock Prices,” Revista di Politica Economica 80 (July/August 1990): 169-191. Reprinted in Debt, Deficit and Economic Performance, edited by Mario Baldassarri, Robert Mundell, and John McCallum. New York: St. Martin's Press, 1993.
19. “Is Ricardian Equivalence a Good Approximation?” Economic Inquiry 29 (October 1991): 626-643.
20. “Finite Horizons, Infinite Horizons, and the Real Interest Rate,” Economic Inquiry 30 (January 1992): 14-28.
21. “Consumers Are Not Ricardian: Evidence for Nineteen Countries,” Economic Inquiry 31 (October 1993): 534-548.
22. “Do Standards of Living Converge? Some Cross-Country Evidence,” Economics Letters 43 (December 1993): 149-155. With Georgios Karras.
23. “Are Government Activities Productive? Evidence from a Panel of U.S. States,” Review of Economics and Statistics 76 (February 1994): 1-11. With Georgios Karras.
24. “Are Consumers Ricardian? Evidence for Canada,” Quarterly Review of Economics and Finance 34 (Spring 1994): 25-40. With Iftekhar Hasan.
25. “Is Government Capital Productive? Evidence from a Panel of Seven Countries,” Journal of Macroeconomics 16 (Spring 1994): 271-279. With Georgios Karras.
26. “Loan Demand, Bank Failures, and Panics: A Note.” Atlantic Economic Journal 23 (June 1995): 146. With Iftekhar Hasan.
27. “Growth and the Neutrality of Money.” Empirical Economics 21 (1, 1996): 187-202.
28. “Private and Government Consumption with Liquidity Constraints.” Journal of International Money and Finance 15 (2, 1996): 255-266. With Georgios Karras.
29. “Using Cross-Country Variances to Evaluate Growth Theories.” Journal of Economic Dynamics and Control 20 (1996): 1027-1049.
30. “Convergence Revisited,” Journal of Monetary Economics 37 (April 1996): 249-266. With Georgios Karras.
31. “Do Economies Converge? Evidence from a Panel of U.S. States.” Review of Economics and Statistics 78 (August 1996): 384-388. With Georgios Karras.
32. “What Caused the Great Depression?” Managerial Finance 23 (2, 1997): 15-24.
33. “Government Consumption and Growth.” Economic Inquiry 35 (April 1997): 209-217.
34. “How Fast Do Economies Converge?” Review of Economics and Statistics 36 (May 1997): 219-225.
35. “International Integration of Capital Markets and the Cross-Country Divergence of Per Capita Consumption,” Journal of International Money and Finance 16 (5, 1997): 681-697. With Georgios Karras.
36. “The Consumption Capital Asset Pricing Model: International Evidence,” Journal of Multinational Financial Management 8 (January 1998): 1-22. With Iftekhar Hasan.
37. “Liquidity Constraints and the Substitutability between Private and Government Consumption: The Role of Military and Nonmilitary Spending,” Economic Inquiry 36 (April 1998): 203-214. With Georgios Karras.
38. “Using Panel Date to Evaluate Growth Theories,” International Economic Review 39 (May 1998): 295-306.
39. “Finite Horizons and the Consumption Capital Asset Pricing Model,” Research in Finance 16 (1998): 95-106. With Iftekhar Hasan.
40. “Do Banking Crises Permanently Lower Output? Implications for Growth Theory.” Forthcoming in Research in Banking and Finance.
41. “Estimating the Effects of Social Security Reform: An Euler-Equation Approach,” September 1998. Forthcoming in Economic Inquiry.
OTHER PUBLISHED ARTICLES
1. “Unanticipated Money Growth and the Nominal Interest Rate,” 1979 West Coast Academic/Federal Reserve Economic Research Seminar, Federal Reserve Bank of San Francisco, 71-93.
2. “Why the Great Inflation Has Been a Catastrophe,” in Inflation: Causes, Consequences, and Control, edited by William Gale, Cambridge: Oelgeschlager, Gunn and Hain, 1981.
3. “Fiscal Policy and the Labor Market” and “What Does a Tax Cut Do?” in Foundations of Supply-Side Economics, edited by Victor A. Canto, Douglas E. Joines and Arthur B. Laffer, Boston: Academic Press, 1983.
4. “The Resolution of the Tax Debate” in Financial Analyst's Guide to Fiscal Policy, edited by Victor A. Canto, Charles W. Kadlec and Arthur B. Laffer, New York: Praeger, 1986. Joint with Douglas Joines.
5. “What Monetarism Has Done to Us” in Financial Analyst's Guide to Monetary Policy, edited by Victor A. Canto, Charles W. Kadlec and Arthur B. Laffer, New York: Praeger, 1986.
6. “The Output Effects of Fiscal Policy in Korea” in Korean Economic Development, edited by Jene K. Kwon, New York: Greenwood Press, 1990.
7. “Income Dynamics in Regions and Countries” forthcoming in Intranational Macroeconomics, edited by Gregory Hess and Eric van Wincoop, New York: Cambridge University Press, 2000.
BOOK REVIEWS
1. “Money and Monetary Policy in Interdependent Nations” by Ralph C. Bryant, Journal of Economic Literature 19 (December 1981): 1613-1614.
2. “The Supply-Side Effects of Economic Policy,” edited by Lawrence H. Myers, Journal of Money, Credit, and Banking 14 (August 1982): 429-430.
3. “Individual Forecasting and Aggregate Outcomes,” edited by Roman Frydman and Edmund S. Phelps, Journal of Economic Literature 23 (June 1985): 612-613.
4. “The Deficits: How Big? How Long? How Dangerous?” by Daniel Bell and Lester Thorow, Journal of Money, Credit, and Banking 19 (February 1987): 131-132.
5. “How Real Is the Federal Deficit?” by Robert Eisner, Journal of Economic Literature 25 (September 1987): 1345-1346.
6. “A Short History of Socialist Money” by Gavin Peebles, Journal of Economic Literature 30 (December 1992).
7. “Determinants of Economic Growth: A Cross-Country Empirical Study” by Robert Barro, Journal of Economic Literature 36 (December 1998): 2192-2193.
WORKING PAPERS
1. “Is the Long-Run Labor Supply Vertical?” July 1998. Submitted to the Journal of Economic and Business Statistics. With Georgios Karras.
2. “Are Innovation-Based Endogenous Growth Models Useful?” August 2000. Submitted to Journal of Monetary Economics.
3. “US Stylized Facts and their Implications for Growth Theory.” November 1999.
4. “The Effects of Social Security: Evidence for Seventeen Countries,” November 1998.
5. “Consistent Estimation of Growth Equations,” September 1997.