DAVID R. HAKES

Department of Economics
CBB 214
University of Northern Iowa
Cedar Falls, Iowa 50614-0129

phone: 319-273-3597
FAX: 319-273-2922
E-Mail: hakes@uni.edu

EDUCATION:

Ph.D. Economics.
Iowa State University, December 1985.
Major Professor: Dudley G. Luckett.

B.S. Economics and Industrial Administration.
Iowa State University, May 1977.

FIELDS OF SPECIALIZATION:

• Macroeconomic Theory -- Qualifying Exam.
• Microeconomic Theory -- Qualifying Exam.
• Money and Banking/Monetary Theory -- Qualifying Exam.
• International Trade/Finance -- Qualifying Exam.
• History of Economic Thought.
• Public Finance.

University of Northern Iowa, Cedar Falls, IA
Professor, August 1997-Present
Associate Professor, August 1992-July 1997
Tenure effective August 1994

University of Missouri-St. Louis, St. Louis, MO
Associate Professor, Tenure and promotion effective August 1992.
Assistant Professor, June 1989-August 1992 and September 1985-August 1988.

Southwest Missouri State University, Springfield, MO
Assistant Professor, September 1988-May 1989.

Iowa State University, Ames, IA
Research Assistant, September 1984-August 1985.
Instructor, December 1980-August 1985.
Research Assistant, May 1980-September 1980.
Teaching Assistant, September 1979-December 1980.

PUBLICATIONS:

• "Warranties as a Device to Extract Rent from Low-Risk Users of a Product," Working Paper. (with Dongsoo Shin)
• "Study Guide, The Economics of Money, Banking, and Financial Markets, Frederic S. Mishkin," 8th edition, forthcoming 2007, Pearson Addison Wesley, Boston, MA. (with E. Gamber)
• "The Taylor Rule and the Appointment Cycle of the Chairperson of the Federal Reserve," Journal of Economics and Business, forthcoming 2006. (with E. Gamber)
• "Is Monetary Policy Important for Forecasting Real Growth and Inflation?" Journal of Policy Modeling, forthcoming 2005. (with E. Gamber)
• "Study Guide, Principles of Economics, N. Gregory Mankiw," 2nd edition, 2001, Harcourt College Publishing, Fort Worth, Texas; 3rd edition, 2004, Thomson South-Western, Mason, Ohio.
• "The Time-Varying Response of Monetary Policy to Macroeconomic Conditions" Southern Economic Journal, 65: 584-593 (January 1999) (with Chung-Hua Shen and K. Brown).
• "Does the Federal Reserve Lexicographically Order Its Policy Objectives?" Eastern Economic Journal 24: 195-206 (Spring 1998) (with E. Gamber and Chung-Hua Shen).
• "Study Guide, Principles of Macroeconomics, N. Gregory Mankiw," 1998, The Dryden Press, Fort Worth, Texas
• "The Impact of State Deposit Caps on Bank Merger Premiums," Southern Economic Journal 63: 652-662 (January 1997). (with K. Brown, and A. Rappaport)
• "The Federal Reserve's Response to Aggregate Demand and Aggregate Supply Shocks: Evidence of a Partisan Political Cycle," Southern Economic Journal 63: 680-691 (January 1997). (with E. Gamber)
• "Did Smith Address Ricardian Equivalence Before Ricardo?" Eastern Economic Journal 22: 57-61 (Winter 1996). (with K. McCormick)
• "Do Shifts in Federal Reserve Policy Regimes Explain Interest Rate Anomalies?" Journal of Macroeconomics 17: 227-240 (Spring 1995). (with E. Gamber)
• "Monetary Policy as a Decision Making Hierarchy: The Case of Taiwan," Journal of Macroeconomics 17: 357-368 (Spring 1995). (with Chung-Hua Shen)
• "Deficits and Interest Rates as Evidence of Ricardian Equivalence," Eastern Economic Journal 21: 57-66 (Winter 1995). (with D. Rose)
• "The 1979-1982 Monetary Policy Experiment: Monetarist, Anti-Monetarist, or Quasi-Monetarist?" Journal of Post Keynesian Economics 15: 281-288 (Winter 1992-93). (with D. Rose)
• "Does the Federal Reserve Respond to Errant Money Growth? Evidence From Three Monetary Regimes," Journal of Money, Credit, and Banking 24: 127-134 (1992). (with E. Gamber)
• "Zero Inflation Monetary Policy: Too Much of a Good Thing?" De Economist 139: 428-434 (1991).
• "Antecedents and Implications of Hirsch's Positional Goods," History of Political Economy 23: 263-278 (1991). (with R. Ancil)
• "The Objectives and Priorities of Monetary Policy Under Different Federal Reserve Chairmen," Journal of Money, Credit, and Banking 22: 327-337 (1990).
• "Evidence of a Scitovsky Stagflation Thesis," Review of Radical Political Economics 20: 77-82 (1988).
• "October 1979: Did the Federal Reserve Change Policy Objectives?" Journal of Economics and Business 40: 159-167 (1988).
• "Monetary Policy and Presidential Elections: A Nonpartisan Political Cycle," Public Choice 57: 175-182 (1988).

• Undergraduate:
• Introduction to Economics
• Principles of Microeconomics
• Principles of Macroeconomics
• Money, Banking, and Monetary Theory
• Intermediate Macroeconomics
• Intermediate Microeconomics
• History of Economic Thought
• Public Finance
• International Trade
• Graduate:
• Macroeconomics
• MBA Macroeconomics

• Co-Editor:
• Journal of Economics, MVEA
• Referee:
• Review of Economics and Statistics
• Journal of Money, Credit, and Banking
• Journal of Macroeconomics
• Contemporary Economic Policy
• Journal of Economics, MVEA
• Journal of Post Keynesian Economics
• Eastern Economic Journal
• Review of Financial Economics
• International Review of Economics and Finance
• Quarterly Journal of Business and Economics
• Applied Financial Economics
• Economica
• Journal of Economic Studies