Bennett T. McCallum

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H. J. Heinz Professor of Economics

Education:
  • Rice University - B.A. - 1957
  • Rice University - B.S.Ch.E. - 1958
  • Harvard University - M.B.A. - 1963
  • Rice University - Ph.D. - 1969
Areas of Expertise:
  • Economics
  • Statistics and Econometrics
Teaching and Research Interests:
  • Macroeconomic fluctuations, monetary theory and policy. Specific topics of ongoing concern include theories of the real effects of monetary policy, strategies for the conduct of monetary policy, macroeconomic consequences of alternative international monetary arrangements, and significance of multiple solutions in rational expectations analysis.
Select Publications: 
  • International Monetary Economics, Oxford University Press, (1996).

  • Monetary Economics: Theory and Policy, Macmillan Publishing Company, (1989).

Additional Publications: 
  • "Issues in the Design of Monetary Policy Rules"
    in J. B. Taylor and M. Woodford (ed.) Handbook of Macroeconomics, North-Holland, (1999).

Working Papers: 
Awards:
  • Annual Lecture, Julian Hodge Institute of Applied Macroeconomics, Cardiff - 2003
  • Honorary Advisor, Institute for Monetary and Economic Studies, Bank of Japan - 2003
  • Merrick Lecture, University of Virginia - 2000
  • Homer Jones Memorial Lecture, FRB St. Louis - 1999
  • Fellow of the Econometric Society - 1992-
  • Journal of Money, Credit, and Banking Lecture - 1985
  • Henry Thornton Lecture, City University, London - 1982
Editorial Boards:
  • Journal of Money, Credit and Banking
  • Economics Letters
  • Carnegie-Rochester Conference Series on Public Policy (Co-Editor), 1995-2010
  • American Economic Review (Co-Editor), 1988-1991
Other Professional Activities:
  • Fellow, CESifo Network, University of Munich 2003-
  • Honorary Advisor, Institute for Monetary & Economic Studies, Bank of Japan 2003-2010
  • Research Consultant, Federal Reserve Bank of Richmond 1981-
  • International Research Fellow, Kiel Institute for World Economics 2002-
  • Shadow Open Market Committee Member 2000-
  • Visiting Scholar: Reserve Bank of New Zealand 1995
  • Visiting Scholar: Bank of Japan 1993
  • Visiting Scholar: IMF 1990
  • Research Associate, National Bureau of Economic Research 1979-
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