Disclaimer: pages.slu.edu is a service of Saint Louis University, Saint Louis University does not control, monitor or guarantee the information contained in these sites. For more information »
DAVID E. RAPACH Associate Professor of Economics Department of Economics Saint Louis University 3674 Lindell Boulevard Saint Louis, MO 63108-3397 Tel: 314-977-3601 Fax: 314-977-1478 E-mail: rapachde@slu.edu Web page: http://pages.slu.edu/faculty/rapachde |
|
ACADEMIC POSITIONS: Associate Professor (with tenure), Saint Louis University, 2006– Assistant Professor, Saint Louis University, 2003–2006 Assistant Professor, Seattle University, 2000–2003 Assistant Professor, Trinity College, Washington, D.C., 1996–2000 Visiting Assistant Professor, American University, 1995–1996 Courses Taught: Undergraduate: Introduction to Macroeconomics; Intermediate Macroeconomics; Senior Seminar in Macroeconomics; Fundamental Income Tax and Social Security Reform; Introduction to Economic Growth; International Economics; International Finance; Money and Banking; Econometrics; Mathematical Economics Graduate: Econometrics, International Economics |
|
OTHER RESEARCH
POSITIONS: Research Economist, Simon Center for Regional Forecasting, Visiting Scholar, Federal Reserve Bank of St. Louis, 2007– |
| EDITORIAL POSITIONS: Board of Editors, Atlantic Economic Journal, 2008– |
|
FIELDS OF SPECIALIZATION:
Applied Time Series Econometrics, Forecasting, Macroeconomics, Monetary Economics, International Finance, Financial Economics |
|
EDUCATION: Ph.D., Economics, American University, 1994 B.A., Economics, Phi Beta Kappa, Magna Cum Laude, Randolph-Macon College, 1987 |
|
PUBLICATIONS: Articles in Refereed Journals: “Out-of-Sample Equity Premium Prediction: Combination Forecasts and Links to the Real Economy,” with Jack K. Strauss and Guofu Zhou, Review of Financial Studies, forthcoming “Bagging or Combining (or Both)? An Analysis Based on Forecasting “Multi-Period Portfolio Choice and the Intertemporal Hedging Demands for Stocks and Bonds: International Evidence,” with Mark E. Wohar, Journal of International Money and Finance, Vol. 28, No. 3 (April 2009), pp. 427-453 “Differences in Housing Price Forecastability Across “States and the Business Cycle,” with Michael T. Owyang and Howard J. Wall, Journal of Urban Economics, Vol. 65, No. 2 (March 2009), pp. 181-194 “Real Interest Rate Persistence: Evidence and Implications,” with Christopher J. Neely, Federal Reserve Bank of “Structural Breaks and GARCH Models of Exchange Rate Volatility,” with Jack K. Strauss, Journal of Applied Econometrics, Vol. 23, No. 1 (January-February 2008), pp. 65–90 “Forecasting “Forecasting Real Housing Price Growth in the Eighth District States,” with Jack K. Strauss, Federal Reserve Bank of Saint Louis Regional Economic Development, Vol. 3, No. 2 (November 2007), pp. 33–42 “Forecasting the Recent Behavior of “The Long-Run Relationship Between Consumption and Housing Wealth in the Eighth District States,” with Jack K. Strauss, Federal Reserve Bank of “Structural Breaks and Predictive Regression Models of Aggregate “The Out-of-Sample Forecasting Performance of Nonlinear Models of Real Exchange Rate Behavior,” with Mark E. Wohar, International Journal of Forecasting, Vol. 22, No. 2 (April-June 2006), pp. 341–361 “In-Sample vs. Out-of-Sample Tests of Stock Return Predictability in the Context of Data Mining,” with Mark E. Wohar, Journal of Empirical Finance, Vol. 13, No. 2 (March 2006), pp. 231–247 “Regime Changes in International Real Interest Rates: Are They a Monetary Phenomenon?” with Mark E. Wohar, Journal of Money, Credit, and Banking, Vol. 37, No. 5 (October 2005), pp. 887–906 “Valuation Ratios and Long-Horizon Stock Price Predictability,” with Mark E. Wohar, Journal of Applied Econometrics, Vol. 20, No. 3 (March-April 2005), pp. 327–344 “Macro Variables and International Stock Return Predictability,” with Mark E. Wohar and Jesper Rangvid, International Journal of Forecasting, Vol. 21, No. 1 (January-March 2005), pp. 137–166 “Forecasting Employment Growth in Missouri with Many Potentially Relevant Predictors: An Analysis of Forecast Combining Methods,” with Jack K. Strauss, Federal Reserve Bank of Saint Louis Regional Economic Development, Vol. 1, No. 1 (2005), pp. 97–112 “The Persistence in International Real Interest Rates,” with Mark E. Wohar, International Journal of Finance and Economics, Vol. 9, No. 4 (October 2004), pp. 339–346 “Financial Variables and the Simulated Out-of-Sample Forecastability of “Testing the Monetary Model of Exchange Rate Determination: A Closer Look at Panels,” with Mark E. Wohar, Journal of International Money and Finance, Vol. 23, No. 6 (October 2004), pp. 841–865 “Are Real Interest Rates Really Nonstationary? New Evidence from Tests with Good Size and Power,” with Christian E. Weber, Journal of Macroeconomics, Vol. 26, No. 3 (September 2004), pp. 409–430 “International Evidence on the Long-Run Impact of Inflation,” Journal of Money, Credit, and Banking, Vol. 35, No. 1 (February 2003), pp. 23–48 “Testing the Monetary Model of Exchange Rate Determination: New Evidence from a Century of Data,” with Mark E. Wohar, Journal of International Economics, Vol. 58, No. 2 (December 2002), pp. 359–385 “The Long-Run Relationship Between Inflation and Real Stock Prices,” Journal of Macroeconomics, Vol. 24, No. 3 (September 2002), pp. 331–351 “Are Real GDP Levels Nonstationary? Evidence from Panel Data Tests,” Southern Economic Journal, Vol. 68, No. 3 (January 2002), pp. 473–495 “Monetary Shocks and Real Exchange Rate Hysteresis: Evidence from the G-7 Countries,” Review of International Economics, Vol. 9, No. 2 (May 2001), pp. 356–371 “Macro Shocks and Real Stock Prices,” Journal of Economics and Business, Vol. 53, No. 1 (January-February 2001), pp. 5–26 “Macro Shocks and Fluctuations,” Journal of Economics and Business, Vol. 50, No. 1 (January-February 1998), pp. 23–38 “Monetary Shocks and Relative Farm Prices: A Re-examination,” with Alan G. Isaac, American Journal of Agricultural Economics, Vol. 79, No. 4 (November 1997), pp. 1332–1339 |
| Articles in Edited
Volumes: “Forecasting Stock Return Volatility in the Presence of Structural Breaks,” with Jack K. Strauss and Mark E. Wohar, in Forecasting in the Presence of Structural Breaks and Model Uncertainty, David E. Rapach and Mark E. Wohar (eds.), Vol. 3 of Frontiers of Economics and Globalization (May 2008), Bingley, United Kingdom: Emerald, pp. 381–416 Edited Volumes: Forecasting in the Presence of Structural Breaks and Model Uncertainty, David E. Rapach and Mark E. Wohar (Eds.), Vol. 3 of Frontiers of Economics and Globalization (May 2008), Bingley, United Kingdom: Emerald Other Publications: “The Manuscripts Currently Under Review: “International Comovements in Inflation Rates and Country Characteristics” with Christopher J. Neely “Common Fluctuations in OECD Budget Balances,” with Christopher J. Neely |
|
WORK IN PROGRESS: “International Stock Return Predictability: What is the Role of the United States?” with Jack K. Strauss and Guofu Zhou “Efficiency Implications of the Intra-Week Evolution of Market Prices: An Analysis of Sequential NFL Betting Lines in New York City,” with Thomas W. Miller “How Predictable are Components of the Aggregate Market Portfolio?” with Augio Kong, Jack K. Strauss, Jun Tu, and Guofu Zhou “Global and Regional Factors in International Equity Returns,” with Christopher J. Neely and Guofu Zhou “The Predictive Power of Output Gap Measures Generated by Nonlinear Models,” with Richard Luger “Habit Formation, Heterogeneity, and Housing Wealth Effects Across |
|
PRESENTATIONS: 2009: Invited Lecture, 46th Annual Werner Sichel/W.E. Upjohn Institute Lecture Series, Advances in Economic Forecasting (November) Western Michigan University Department of Economics Seminar (November) Financial Management Association Annual Meeting (October) International Atlantic Economic Society Conference (October) American Strategic Management Institute Budgeting & Forecasting Conference Keynote Address (October) Louisiana State University Department of Economics Seminar (September) Midwest Econometrics Group Meetings (September) Federal Reserve Bank of St. Louis Brown Bag Series Seminar (August) Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (March) John Cook School of Business, Saint Louis University (March) Simon Center for Regional Forecasting Conference (February) 2008: Simon Center for Regional Forecasting Conference on “Dollar Prospects: Do Fundamentals Really Matter?” (October) Midwest Econometrics Group Meetings (October) West Virginia University Department of Economics Seminar (September) Federal Reserve Bank of St. Louis Brown Bag Series Seminar (August) Board of Directors of Vantage Credit Union (June) Society for Nonlinear Dynamics and Econometrics Conference (April) Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (March) Simon Center for Regional Forecasting Conference (February) 2007: Midwest Econometrics Group Meetings (October) International Symposium on Forecasting (June) Business and Economics Research Group of the Federal Reserve Bank of St. Louis Conference (May) Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (March) Simon Center for Regional Forecasting Conference (February) 2006: Midwest Econometrics Group Meetings (October) Forecasting in the Presence of Structural Breaks and Model Uncertainty, Conference held at Saint Louis University associated with a volume published by Emerald in the series, Frontiers of Economics and Globalization (August) Business and Economics Research Group of the Federal Reserve Bank of St. Louis Conference (June) Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (March) Society for Nonlinear Dynamics and Econometrics Conference (March) Simon Center for Regional Forecasting Conference (January) 2005: Midwest Econometrics Group Meetings (October) Society for Computational Economics 11th International Conference on Computing in Economics and Finance (June) Business and Economics Research Group of the Federal Reserve Bank of St. Louis Conference (May) Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (April) 2004: Midwest Econometrics Group Meetings (October) Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (April) Federal Reserve Bank of Indiana University-Purdue University Indianapolis Department of Economics Seminar (March) 2003: Missouri Economics Conference, hosted by the University of Missouri-Columbia Department of Economics and the Research Division of the Federal Reserve Bank of St. Louis (April) Saint Louis University Department of Economics Seminar (January) 2002: Western Economic Association International Conference (July) National Association of Federal Credit Unions Conference (July) Seattle University Department of Economics and Finance Seminar (March) 2001: Seattle University Department of Economics and Finance Seminar (October) Western Economic Association International Conference (July) Seattle University Department of Economics and Finance Seminar (April) 2000: International Atlantic Economic Society Conference (October) Seattle University Department of Economics and Finance Seminar (February) Southern Illinois University-Edwardsville Department of Economics Seminar (February) 1999: Western Economic Association International Conference (July) 1998: 1997: 1996: American University Department of Economics Brown Bag Seminar (September) |
|
OTHER ACTIVITIES: Participant in the 2007 Crime and Population Dynamics Summer Workshop Referee Services: American Economic Review American Journal of Agricultural Economics Annals of Tourism Research Applied Economics Atlantic Economic Journal Bulletin of Economic Research Canadian Journal of Economics Eastern Economic Journal Econometric Reviews Economic Inquiry Economica Economics Letters Empirical Economics Energy Economics European Journal of Finance Federal Reserve Bank of St. Louis Review “Part II” Finance Research Letters International Economic Journal International Journal of Business and Economics International Journal of Central Banking International Journal of Forecasting Japan and the World Economy Journal of Agricultural and Resource Economics Journal of Applied Econometrics Journal of Business and Economic Statistics Journal of Econometrics Journal of Economics and Business Journal of Empirical Finance Journal of Financial Econometrics Journal of International Economics Journal of International Financial Markets, Institutions, & Money Journal of International Money and Finance Journal of Macroeconomics Journal of Money, Credit, and Banking North American Journal of Economics and Finance Pacific Economic Review Real Estate Economics Review of Economics and Statistics Review of International Economics Southern Economic Journal Studies in Nonlinear Dynamics and Econometrics The Financial Review The Manchester School |
|
AWARDS AT 2008 2005 |
| SERVICE ACTIVITIES AT
Organizer for the 2007 Midwest Econometrics Group Meetings hosted by Member of the Member of the John Cook School of Business representative to the February 2005 Heartland-Delta Faculty Conversations Weekend at |
| October, 2009 |
|
|
|
|
Disclaimer: pages.slu.edu is a service of Saint Louis University, Saint Louis University does not control, monitor or guarantee the information contained in these sites. For more information » |