PERSONAL

Birthdate: April 28, 1956; Citizenship: U.S. citizen (Brazil and Italy);
Married to Celia R. P. Bianconi, One child (Giampaolo Bianconi).

DEGREES

Ph.D., Oct 1988, University of Illinois at Urbana-Champaign, Economics(Dissertation Title: "Three Essays in International Macroeconomics"; Advisor: Stephen J. Turnovsky);
M.A., Oct 1985, University of Illinois at Urbana-Champaign, Economics;
Bacharel, Aug 1984, University of Sao Paulo, Economics.

FIELDS OF SPECIALIZATION

Theoretical and Applied Economic and Financial Models, Monetary and Fiscal Aspects of International Economics and Trade, Uncertainty Methods in Economics and Finance, Applied Time Series Analysis.

Associate Professor of Economics, Department of Economics, Tufts University, Sep 1, 1995 - Present.

Assistant Professor of Economics, Department of Economics, Tufts University, Medford, MA; 1989-1995.
Visiting Assistant Professor of Economics, Department of Economics, University of Washington, Seattle, 1989.
Lecturer in International Economics, Department of Economics, University of Illinois at Urbana-Champaign, 1988.
Consultant to the World Bank in the project "Macroeconomic Policies, Crisis, and Long Run Growth: Brazil", 1988-1989.

MEMBER

American Economic Association, 1984-present;
Econometric Society, 1987-present;
Society for Economic Dynamics and Control, 1990-1996;
International Economics and Finance Society, 1992-present;
Western Economic Association, 1990-1992;
Society for Computational Economics, 1999-present.

ACADEMIC PUBLICATIONS

[29]"Cross-listing Premium in the US and the UK Destination," (with Liang Tan), revised version, September 2009; International Review of Economics and Finance; forthcoming.

[28]"Transfer Programs under Alternative Insurance Schemes and Liquidity Constraints," revised version, March 2009; forthcoming Journal of International Trade and Economic Development: PDF file.

[27]"Heterogeneity, Adverse Selection and Valuation with Endogenous Labor Supply,"International Review of Economics and Finance., 17, 113-126, 2008.

[26]"The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply," (with Stephen J. Turnovsky) Macroeconomic Dynamics, 9, 321-357, 2005.

[25]"Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy," (with Walter H. Fisher) Journal of International Money and Finance, 24, 1-17, February 2005.

[24]"Private Information, Growth and Asset Prices with Stochastic Disturbances," International Review of Economics and Finance,, 12, 1-24, 2003.

[23] "Fiscal Policy and the Terms of Trade in an Analytical Two-Country Dynamic Model," International Tax and Public Finance, 10, 25-41, 2003; Abstract .

[22] "Heterogeneity, Efficiency and Asset Allocation with Endogenous Labor Supply: The Static Case,"The Manchester School, 69(3), June 2001, 253-268; Abstract .

[21] "Optimal Fiscal Policy in a Dynamic Multi-Country World with Public Services," (with Theodore Palivos) Pacific Economic Review, 6(2), June 2001, 269-286; Abstract.

[20] "The Effects of Alternative Fiscal Policies on the Intertemporal Government Budget Constraint," International Review of Economics and Finance ; 9(1), 2000, pages 31-52; Abstract; (#6 of Top 10 Requested Papers Year 2000 of IREF).

[19] "A Dynamic Monetary Model With Costly Foreign Currency," Journal of International Trade and Economic Development, 8(4), 1999, pages 321-342; Abstract .

[18] "Intertemporal Budget Policies in an Endogenous Growth Model with Nominal Assets," International Review of Economics and Finance, 8(1), 1999, 25-43; Abstract.

[17] "International Effects of Government Expenditure in Interdependent Economies" (with Stephen J. Turnovsky), Canadian Journal of Economics, 30, 1, Feb 1997, 57-84.

[16] "U.S. Government Expenditure Policy in the 1980's: Internal and External Repercussions" (with Stephen J. Turnovsky). In Yukio Nogushi and Kozo Yamamura, Editors, U.S-Japan Macroeconomic Relations: Interactions and Interdependence in the 1980s , Chapter 7, pages 222-262, The University of Washington Press, Nov 1996 (Japanese translation of the volume by Nihon Keizai Shimbun Press, Japan, Chapter 7, pages 213-255, Nov 1996).

[15] "Price Controls in a Simple Competitive Monetary Model of a Small Open Economy" (with Kar-Yiu Wong), Journal of Economic Integration, 11(1), March 1996, 47-71.

[14] "Inflation and the Real Price of Equities: Theory with Some Empirical Evidence," Journal of Macroeconomics, 17, Summer 1995, 495-514.

[13] "On Dynamic Real Trade Models," Economics Letters, 47, January 1995, 47-52.

[12] "Fiscal Policy in a Simple Two-country Dynamic Model," Journal of Economic Dynamics and Control, 19, January 1995, 395-419.

[11] "A Note on Liquidity, Uncertainty, and Stock Prices," International Review of Economics and Finance, 3, December 1994, 457-468.

[10] "Dividend and Monetary Policy and the Differential Tax Treatment of Capital Gains in a Two-Country World," Journal of Economic Integration, 9, December 1994, 502-524.

[9] "On Perfect Foresight and Uncertainty in Economic Models: Two Monetary Examples," Journal of Macroeconomics, 15, Winter 1993, 153-163.

[8] "Monetary Growth Innovations in a Simple Cash-in-Advance Asset-Pricing Model," European Economic Review, 36, December 1992, 1501-1522.

[7] "The International Transmission of Tax Policies in a Dynamic World Economy," (with Stephen J. Turnovsky), Review of International Economics, 1, November 1992, 49-72.

[6] "Monetary Growth Volatility and Asset Prices in a Two-Country Cash-in-Advance Model," Journal of International Economic Integration, 7, Spring, 1992, 80-101.

[5] "Variable Markup in a Small Open Economy with Inflation," Metroeconomica, Vol 42, No. 2, 1991, 137-156.

[4] "An Expository Note on the Transversality Condition in Continuous Time Dynamic Economic Models." Spanish translation in Estudios Economicos de El Colegio de Mexico, 6(2), 1991, 287-297.

[3] "Temporary Monetary and Fiscal Policy in an Optimizing Model of Exchange Rate Determination," Journal of Macroeconomics, 13, Winter, 1991, 97-115.

[2] "Strategic Wages Policy and the Gains from Cooperation," (with Stephen J. Turnovsky). In Dynamic Policy Games in Economics; Frederick van der Ploeg and Art de Zeeuw, Editors, Series Contributions to Economic Analysis No. 181, North-Holland, A msterdam, 1989, 191-222.

[1] "Monetary Policy and Flexible Markup in a Small Open Economy with Inflation: Dynamic and Strategic Considerations." Spanish translation in Estudios Economicos de El Colegio de Mexico, 3(2), 1989, 201-235.

[1] Financial Economics, Risk and Information: An Introduction to Methods and Models. World Scientific Publishing Co., River Edge, NJ, 2003 (530 pages).

[2] Book Review of Exchange Rate Modelling, by Ronald MacDonald and Ian Marsch, Kluwer Academic Publisher, New York, 2000; Review of International Economics, 10(3), 2002, 574.

[1] Book Review of Macroeconomics and the Japanese Economy, by Hiroshi Yoshikawa, Claredon Press, Oxford, 1995; Journal of Japanese Studies, 24:1, 1998, 160-163.

WORKING PAPERS Links at main page

"Firm Value, Investment and Monetary Policy," (joint with Joe Yoshino) to be presented at the ASSA-AEA Meetings in Atlanta, January 2010.

"Firm Value, Cross-Listing Premium and the Sarbanes-Oxley Act ,"(joint with Richard Chen) February 2009, International Atlantic Economic Society Meetings, Boston, MA, October 2009.

"Firm Value, Investment and Monetary Policy," February 2009, presented at Department of Economics; USP-BR, May 2009.

"Cross-listing Premium in the US and the UK Destination," joint with Liang Tan, revised January 2008, at Department of Economics, USP-BR, March 2008.

"Private Information, Growth and Asset Prices with Stochastic Disturbances," presented at the Winter Meetings of the Econometric Society, Atlanta, January 2002.

OTHER RECENT SELECTED PROFESSIONAL ACTIVITIES

Director, Graduate Program in Economics, Department of Economics, Tufts University; Autumn 2005-present.

"The Massachusetts Fisheries Industry: Economic Impact, Effects of Regulation, and the Value to the Community," Co-PI with Brett M. Baden: Sponsored by the Massachusetts Fisheries Recovery Commission, February-June 2006.

Program Committee Member: 9th International Conference on Computing in Economics and Finance, Society for Computational Economics, University of Washington, Seattle, July 2003.
Program Chair: IEFS Sessions at IEFS-ASSA-AEA - January 2003, Washington, DC, IEFS-ASSA-AEA - January 2002, Atlanta; IEFS-ASSA-AEA January 2001, New Orleans.
Executive Secretary of the International Economics and Finance Society (IEFS) - Elected 01/18/2000, January 2000-January 2003.

REFEREE FOR PROFESSIONAL JOURNALS AND EDITORIAL PARTICIPATION

Applied Mathematics Letters; Canadian Journal of Economics; Contemporary Economic Policy; Economic Inquiry; Economic Modelling; Economica; Economics Bulletin; Empirical Economics; International Economic Review; International Review of Economics and Finance; Journal of Business and Economic Studies; Journal of Comparative Economics; Journal of Economic Dynamics and Control; Journal of Economic Integration; Journal of Economics and Finance; Journal of Financial Services Research; Journal of International Economics; Journal of International Money and Finance; Journal of Macroeconomics; Journal of Money, Credit and Banking; Macroeconomic Dynamics: The Manchester School; Optimal Control Applications&Methods; Oxford Economic Papers; Review of International Economics; Scandinavian Journal of Economics; Studies in Economics and Finance.

International Review of Economics and Finance, Associate Editor, Oct 2002-present; Review of International Economics, Member of Editorial Council, Jan 1997-present.

Book manuscript reviewer: Oxford University Press, John Wiley&Sons, Routledge Publishers, World Scientific, Cambridge University Press; Wiley-Blackwell; Book reviewer for development of new editions: McGraw Hill Book Co.

Principles of Macroeconomics(EC2); Intermediate Macroeconomics(EC12); Statistics (EC13); Basic Econometrics (EC15); Intermediate Quantitative Macroeconomics(EC18); International Economics(EC60); Economics of the European Community(EC60T); Mathematics for Economists(EC105); Econometrics(EC107); Time Series Analysis(Applications of Econometrics)(EC108); Uncertainty Methods in Economics and Finance(EC154); Graduate Math Camp; Mathematical Statistics(EC201); Econometrics(Ec202); Macroeconomic Theory I(EC205); Macroeconomic Theory II(EC206).

THESIS ADVISING AT TUFTS UNIVERSITY

MASTERS:

[5] Alexander J. Oliver: "A Model of the Military-Industrial Complex." April 2009 (co-chair with Enrico Spolaore)
[4] Richard Chen: "The Cross-Listing Decision: Analyzing Sarbanes-Oxley's Effect on the U.S. Financial Market." April 2008.
[3] Kaipin Shan: "Essays on Labor Markets." April 2007 (co-chair with Yannis Ioannides).
[2] Liang Tan: "Essays on Firm's Advertising and Financing Strategies." April 2006 (co-chair with Lynne Pepall).
[1] Jeffrey Markowitz: "Contagion and Sovereign Debt: A Case Study of Argentina and Brazil from 1996 to 2004." April 2005.

HONORS THESIS:

[5] Ross Karpman: "Successful Online Dating: Does Size Matter?" May 2007 (co-chair with George Norman).
[4] David Steen: "Using CAPM to Model Sovereign Spreads: A Case Study of Argentine Brady Bonds between 1996 and 2004." May 2005.
[3] JunHo Bae: "Lemon Shaped Diamonds: An Adverse Selection in the Diamond Market." May 2003.
[2] John Tilney: "Noise in the Premium: An Analysis of the Effect of Noise Trading on Models Describing the Equity Premium." May 2001.
[1] Ben Tarlow: "Exchange Rates, Interest Rates, and Velocity: A Multiple Cointegration Study." May 1997.

A full detailed vita is available upon request.

M.B.