Is It 1937 Yet?: The Return of Deficit Orthodoxy
Tuesday Policy Forum
November 29, 2011
12:15-1:30 PM
1203 Van Munching Hall
John Shea, Associate Professor and Director of Graduate Studies in the UMD Department of Economics, recently returned to Maryland after serving at the Treasury Department as deputy assistant secretary for macroeconomics.
He received his PhD in economics from MIT in 1990, and joined the Maryland faculty in 1996. He teaches graduate and undergraduate macroeconomics. His research is empirically oriented, and is frequently concerned with overcoming identification problems such as simultaneity. His research has examined topics such as the short-run response of prices and quantities to demand shocks, the response of consumption to predictable movements in labor income, the impact of parental income on children's labor market success, and the short-run impact of technological change on industry activity. His current projects include a study of nominal illusion in major league baseball decision-making. Publications include "Do Supply Curves Slope Up?" Quarterly Journal of Economics, 1993; "Union Contracts and the Life Cycle-Permanent Income Hypothesis," American Economic Review, 1995; "Does Parents'Money Matter?" Journal of Public Economics, 1999; and "Complementaritiesand Comovements", Journal of Money, Credit and Banking, 2002.
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