Emory University Emory Index Emory Search Emory College

        Stefan Krause

        Assistant Professor
        Ph.D., The Ohio State University

        Economics Home | Courses | Links | Personal Web Page

        Contact Information

        Department of Economics
        Emory University
        Atlanta, GA  30322

        Phone:  (404) 727-2944
        Fax:      (404) 727-4639

        Internet:  skrause@emory.edu       
        http://userwww.service.emory.edu/~skrause/
        @


        Curriculum Vitae  (as of December 2008)


        Professional Experience

        Assistant Professor, Department of Economics, Emory University, August 2002 to present
        - Monetary Theory and Macroeconomic Theory at graduate level; Principles of Macroeconomics, Intermediate Macroeconomics and Money and Banking at undergraduate level

        Visiting Scholar, National Bureau of Economic Research, September 2006 to November 2006

        Graduate Research Associate, Department of Economics, The Ohio State University, September 1996 to June 1997; and September 2000 to June 2002

        Research Fellow, Graduate Research Programme, European Central Bank, June 2001 to September 2001

        Graduate Teaching Associate, Department of Economics, The Ohio State University, July 1997 to June 1998; and June 1999 to September 2000
        - Microeconomic Theory at graduate level and Money and Banking at undergraduate level

        Economic Advisor, Ministry of Foreign Trade of Costa Rica, July 1998 to June 1999


        Education

        Ph.D., Economics, The Ohio State University, June 2002

        M.A., Economics, The Ohio State University, August 1997

        B.A., Economics, University of Costa Rica, March 1996


        Research Interests

        monetary economics, international macroeconomics, political economics


        Publications (English)

        “Studying the Effects of Household and Firm Credit on the Trade Balance: The Composition of Funds Matters” (with B. Buyukkarabacak); Economic Inquiry, forthcoming.

        “Corruption and Elections: An Empirical Study for a Cross-Section of Countries” (with F. Méndez), Economics & Politics, forthcoming.

        "Institutions, Arrangements and Preferences for Inflation Stability: Evidence and Lessons from a Panel Data Analysis” (with F. Méndez); Journal of Macroeconomics, 30:1 (March 2008), pp. 282-307.

        “Measuring Monetary Policy Efficiency in European Union Countries: The Pre-EMU Years”; ICFAI Journal of Monetary Economics, V:1 (February 2007); pp. 60-83.

        “Inflation Targeting vs. Price-Path Targeting: Looking for Improvements” (with S. Cecchetti); Proceedings of the Ninth Annual Conference of the Central Bank of Chile: Monetary Policy under Inflation Targeting, edited by F. Mishkin and K. Schmidt-Hebbel, (January 2007), pp. 265-290.  (also available as Working Paper of the Central Bank of Chile # 399)

        “Optimal Monetary Policy and the Equivalency between the One-Period AD-AS Model and the Forward-Looking New Keynesian Model”; Applied Economics Letters, 13:9 (July 2006), pp. 541-544.

        “Has Monetary Policy Become More Efficient? A Cross-Country Analysis” (with S. Cecchetti and A. Flores-Lagunes); The Economic Journal, 116:511 (April 2006), pp. 408-433.

        “Assessing the Sources of Changes in the Volatility of Real Growth” (with S. Cecchetti and A. Flores-Lagunes); The Changing Nature of the Business Cycle, edited by C. Kent and D. Norman (October 2005), pp. 115-138.

        “Deposit Insurance and External Finance” (with S. Cecchetti); Economic Inquiry, 43:3 (July 2005), pp. 531-541.

        “Policy Makers’ Preferences, Party Ideology and the Political Business Cycle” (with F. Méndez); Southern Economic Journal, 71:4 (April 2005), pp. 752-767.
         - Data: Estimates of Policy Makers' Preferences for Inflation Stability (Lambdas) (Microsoft Excel File)

        “Central Bank Structure, Policy Efficiency and Macroeconomic Performance: Exploring Empirical Relationships” (with S. Cecchetti), Economic Review of the Federal Reserve Bank of St. Louis, 79 (July/August 2002), pp. 47-60.


        Publications (Spanish)

        “Estructura Financiera, Estabilidad Macroeconómica y Política Monetaria” (con S. Cecchetti); Moneda y Crédito, No. 212, Madrid, España, Agosto de 2001, pp. 57-87.  (English version available as NBER working paper # 8354)

        “¿Ha Aumentado la Eficiencia de la Política Monetaria en México?” (con S. Cecchetti y A. Flores-Lagunes); Documentos de Investigación, Banco de México, México D.F., México, Marzo de 2001.

        “Influencia de las Noticias en el Comportamiento del Tipo de Cambio Nominal: El Caso de Costa Rica (1990-1995)”; Instituto de Investigaciones en Ciencias Económicas, San José, Costa Rica, Julio de 1996.


        Some Recent Working Papers

        “Better Off without the Euro? Evaluating Monetary Policy and Macroeconomic Performance for Denmark, Sweden and the U.K.”

        “Latin American Banking Fragility: An Assessment of the Role Played by Foreign Banks” (with L. Jones)

        “Financial Development and Monetary Policy Efficiency” (with F. Rioja)

        “Does Opportunism go Unnoticed? A Study of Vote Functions and Policy Preferences” (with F. Méndez)


        Service at Emory University / Department of Economics

        Organizer, Macroeconomics Workshop, 2003-


        Seminar Coordinator, Department of Economics Seminar Series, 2007-2008


        Administrator, Department of Economics Working Paper Series, 2002-2008

        Chair, Macroeconomics Core Examination, 2004, 2006, 2007 and 2008

        Member, Macroeconomics Core Examination, 2003-

        Member, Faculty Recruitment Committee, 2003-2008

        Member, Graduate Student Recruitment Committee, 2003 and 2007


        Interviews and Newspaper Articles

        Heroes of the zeroes Special Report: The world economy, The Economist, October 20-26, 2007

        Better management of inventory and inflation makes world economies more flexible by John Clinkard, Daily Commercial News, Toronto, October 10, 2007

        The turning point Briefing: The global economy, The Economist, September 22-28, 2007

        Recession: Bitter pill or good medicine? by Michael E. Kanell, The Atlanta Journal-Constitution, September 19, 2007


        CAFTA: A pact of advantages and disadvantages by Melissa Rincón, Atlanta Latino, Atlanta, August 11-17, 2005


        Paying taxes: A contribution to the future by Melissa Rincón, Atlanta Latino, Atlanta, April 7-13, 2005


        Trading Truth for Lies by Kevin Griffis, Creative Loafing, Atlanta, November 6-12, 2003


        A (Sadly) Average Joe by Kevin Griffis, Creative Loafing, Atlanta, August 21-27, 2003


        Membership to Academic Associations and other Professional Activities

        Member of the American Economic Association; American Mensa Ltd.; Econometric Society; National Honor Society of Phi Kappa Phi; Southern Economic Association; and Western Economic Association

        Referee for the Journal of Economic Theory; The Economic Journal; Journal of Money, Credit and Banking; Oxford Bulletin of Economics and Statistics; Scandinavian Journal of Economics; Southern Economic Journal; European Journal of Political Economy; Journal of Macroeconomics; Scottish Journal of Political Economy; Contemporary Economic Policy; Journal of Forecasting; Review of International Economics; Applied Financial Economics; B.E. Journals in Macroeconomics; Managerial and Decision Economics; International Economics and Economics Policy; and China Economic Review