| Position | Professor Emeritus |
|---|---|
| Degree | Ph.D. (Economics), University of Washington B.A. (History), 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
2013 President Advisor; Professor Emeritus; Senior Professor, GRIPS
- Selected publications
“Monetary Policy Effectiveness and Yield Curve Dynamics,” (with Mohamed Z.M. Aazim) The Japanese Economy, vol. 38, no. 4, Winter 2011-12, pp. 109-35.
“The Curious Case of the Liquidity Trap” The Hikone Ronso, no. 387, Spring 2011, pp. 8-21.
“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.
“The Curious Case of the Liquidity Trap” The Hikone Ronso, no. 387, Spring 2011, pp. 8-21.
“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
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
- Link
- e-mail: rhodes
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