RHODES, James R.

• 
  • Position:
    Vice President; Director of One-year Master's Program of Public Policy (MP1) and Two-year Master's Program of Public Policy (MP2); Deputy Director of Policy Analysis Program; Professor Emeritus, Senior Professor
  • Degree:
    Ph.D. (Economics), University of Washington
  • Specialty:
    Monetary Economics, Macroeconomics, Japanese Economy
• Current Research Interests:
  Interplay of wealth, liquidity, and credit in the "liquidity sump" interpretation of Japan's Great Stagnation.
• Professional Career:
  

  1981	Ph.D., Economics, University of Washington, Seattle
  1976	Visiting Assistant Professor, College of Business, Western Washington University
  1979	Visiting Assistant Professor, College of Business, Washington State University
  1980	Assistant Professor, Economics, Kansas State University (tenured 1987)
  1987	Visiting Associate Professor, International University of Japan
  1988	Associate Professor, Graduate School of Policy Science, Saitama University
  1991	Professor, Graduate School of Policy Science, Saitama University
  1997	Professor, GRIPS
  2011	Vice President; Professor Emeritus; Senior Professor, GRIPS

• Selected publications:
  “The Curious Case of the Liquidity Trap” Biwako Journal of Economics, special issue, forthcoming.
  
  “Japanese Asset Bubble Burst,” in Mehmet Odekon (ed.), Booms and Busts, M.E. Sharp, August 2010.
  
  “Window Guidance by the Bank of Japan: Was Lending Controlled?” (with Naoyuki Yoshino), Contemporary Economic Policy, April 1999, pp. 166-76.
  
  “Sources of Output Fluctuations in the Postwar Japanese Economy” (with K. Ashwin), Journal of Economics, vol. XXIV, no.2, 1998, pp. 31-48.
  
  “The Cyclical Behavior of Government Lending Institutions in Japan,” Journal of Economics, vol. XXIII, 1997, pp. 1-15.
  
  “Walras’ Law in Macroeconomic Disequilibrium: A Reply,” Australian Economic Papers, vol. 29, no. 55, December 1990, pp. 283-86.
  
  “Forecasting Kansas Macroeconomic Variables Using Vector Autoregressive Methods,” (with Dana Ferrell and Mark Meador), Journal of Economics, vol. XI, 1985, pp. 99-101.
  
  “A General Equilibrium Model with Symmetric Income Constraints and an Endogenous Real Wage,” Midsouth Journal of Economics, vol. 8, no. 3, December 1984, pp. 337-46.
  
  “The Fisher Hypothesis, Obligational Markets, and the Neutrality of Expected Money Growth:  A Joint Test with Quarterly U.S. Data” (with Dana Ferrell), Journal of Economics, vol. X, 1984, pp. 32-36.
  
  “Walras’ Law and Clower’s Inequality,” Australian Economic Papers, vol. 23, no. 42, June 1984, pp. 112-122.  Reprinted in Donald A. Walker (ed.), The Legacy of Leon Walras, Cheltenham: Edward Elgar Publishing, vol. II, 2001, pp. 485-95.
  
  “Expected Money Growth, Expected Money Surprise, and Short-Term Yields,” (with Dana Ferrell), Journal of Economics, vol. IX, 1983, pp. 102-107.
  
  
• Other notable activities and achievements:
  Colonel (Retired), U.S. Army Reserve
  President-Elect, Far East Department, Reserve Officers Association
  Deputy Chief of Staff for Host Nation Activities (G5), U.S. Army Japan (1996-2002)
  Infantry Platoon Leader and Company Commander, Vietnam (1970-71)
  Decorations: Legion of Merit, Bronze Star (three awards), Meritorious Service Medal
  
• E-mail: rhodes