• Ph.D., Economics, University of California, Los Angeles, June 1993
• M.A., Economics, University of California, Los Angeles, June 1989
• B.A., Business Administration, National Taiwan University, June 1985

• Sunspots, Self-Fulfilling Beliefs in Real Business Cycle Models
• Indeterminacy and Stabilization Policy
• Fiscal Policy and Macroeconomic Stability
  
• International Business Cycles
• Monetary Stability and Economic Growth
• Social Status and Monetary Endogenous Growth
• Macroeconomic Effects of Environmental Quality
• Optimal Income Taxation with Habit Formation
  
• Dynamic Optimal Fiscal Policy, Welfare and Business Cycles
• Monopolistic Competition, Firm Size and Welfare
• Income Inequality and Economic Growth
  
• Exchange Rate Exposure of Firms

• Professor and Graduate Advisor of Economics, University of California, Riverside, July 2006 -- Present
• Visiting Professor of Economics, National Taiwan University, July 2007
  
• Visiting Research Fellow of Economics, Institute of Economics, Academia Sinica, Taipei, Taiwan, March 2001, September 2004, March -- May 2005, September 2006 and March 2008
  
• Associate Professor of Economics, University of California, Riverside, July 2000 -- June 2006
  
• Assistant Professor of Economics, University of California, Riverside, July 1993 -- June 2000
• Visiting Assistant Professor of Economics, University of California, Santa Barbara, April 1999 -- June 1999
• Teaching Associate of Economics, University of California, Los Angeles, September 1989 -- June 1991
• Teaching Assistant of Economics, University of California, Los Angeles, September 1988 -- June 1989
• Quartermaster Officer, Taiwanese Army, July 1985 -- May 1987

Undergraduate

• Introduction to Macroeconomics [Econ 2]
• Macroeconomic Theory I [Econ 103A]
• Macroeconomic Theory II [Econ 103B]
• Understanding the U.S. Economy (Freshman Discovery Seminar)

• Core Macroeconomic Theory [Econ 201A]
• Advanced Macroeconomic Theory [Econ 282E]
• Colloquium in Economic Theory

• Included in Madison Who's Who, 2009
• Included in Who's Who in America, 2009
• JEDC Outstanding Referee Rewards, 2005
• Included in Who's Who in Social Sciences Higher Education, 2004
• Included in the Tenth Edition of the International Directory of Distinguished Leadership, 2001
  
• Regents' Faculty Research Fellowship/Faculty Development Award, University of California, Riverside, August 1998 -- June 1999
• Dean's Faculty Research Incentive Grants, University of California, Riverside, July 1996 -- June 1997  
  
• Book Coupon Award, National Taiwan University, June 1981
  

Journal Articles

1. “Real Business Cycles and the Animal Spirits Hypothesis,” with Roger E.A. Farmer, Journal of Economic Theory, Vol. 63, No. 1, June 1994, 42-72.
   
   
2. “The Econometrics of Indeterminacy: An Applied Study,” with Roger E.A. Farmer, Carnegie-Rochester Conference Series on Public Policy, Vol. 43, December 1995, 225-271.
   
   
3. “Crazy Explanations of the International Business Cycles,” with Federico Sturzenegger, International Economic Review, Vol. 39, No. 1, February 1998, 111-133.
   
   
4. “Financial Liberalization and the Exchange-Rate Exposure of Taiwanese Firms: A Nonparametric Analysis,” with Rong-Chang Wu,  Multinational Finance Journal, Vol. 2, No. 1, March 1998, 37-61.
   
   
5. “Indeterminacy and Sunspots in A Monetary Economy with Limited Participation,” Economics Letters, Vol. 59, Issue 3, June 1998, 337-345.
   
   
6. “Indeterminacy and Stabilization Policy,” with Kevin J. Lansing, Journal of Economic Theory, Vol. 82, No. 2, October 1998, 481-490.
   
   
7. “Indeterminacy and Keeping Up with the Joneses,” Journal of Quantitative Economics, Vol. 15, No. 1, January 1999,17-27.
   
   
8. “Optimal Taxation of Capital Income with Imperfectly Competitive Product Markets,” with Kevin J. Lansing, Journal of Economic Dynamics and Control, Vol. 23, No. 7, June 1999, 967-995.
   
   

9. “Multiple Equilibria and Progressive Taxation of Labor Income,” Economics Letters, Vol. 65, Issue 1, October 1999, 97-103.

    

10. “Tax Policy and Stability in a Model with Sector-Specific Externalities,” with Sharon G. Harrison, Review of  Economic Dynamics, Vol. 4, Issue 1, January 2001, 75-89.
    
    

11. “Indeterminacy with Capital Utilization and Sector-Specific Externalities,” with Sharon G. Harrison, Economics Letters, Vol. 72, Issue 3, September 2001, 355-360.
    
    
12. “Declining Share of Small Firms in U.S. Output: Causes and Consequences,” with Rajeev Dhawan, Economic Inquiry, Vol. 39, Issue 4, October 2001, 651-662.
    
    
13. “Fiscal Policy, Increasing Returns, and Endogenous Fluctuations,” with Kevin J. Lansing, Macroeconomic Dynamics, Vol. 6, Number 5, November 2002, 633-664.
    
    
14. “Sunspots, Animal Spirits, and Economic Fluctuations,”  with Marcelle Chauvet, 2003, Macroeconomic Dynamics, Vol. 7, Number 1, January 2003, 140-169.
    
    
15. “Globally-Stabilizing Fiscal Policy Rules,” with Kevin J. Lansing, Studies in Nonlinear Dynamics & Econometrics, Vol. 7, Issue 2, July 2003, Article 3, 1-13.
    
    
16. “Increasing Returns, Capital Utilization, and the Effects of Government Spending,” Journal of Economic Dynamics and Control, Vol. 28, Issue 6, March 2004, 1059-1078.
    
    
17. “Reexamination of Economic Growth, Tax Policy, and Distributive Politics,” with Yong Bao, Review of Development Economics, Vol. 8, Issue 3, August 2004, 474-482.
         
18.  “Balanced-Budget Rules and Macroeconomic (In)stability,” with Sharon G. Harrison, Journal of Economic Theory, Vol. 119, No. 2, December 2004, 357-363.
        
    
19. “Tax Policy Under Keeping Up with the Joneses and Imperfect Competition,” Annals of Economics and Finance, Vol. 6, No. 1, May 2005, 25-36.
    
    
20. “Income Inequality and Economic Growth: A Simple Theoretical Synthesis,” with Been-Lon Chen, Annals of Economics and Finance, Vol. 6, No. 2, November 2005, 319-329.
    
    
21. “Government Size and Macroeconomic Stability: A Comment,” with Sharon G. Harrison, European Economic Review, Vol. 50, Issue 5, July 2006, 1339-1346.
     
22.  “Maintenance Expenditures and Indeterminacy under Increasing Returns to Scale,” with Kevin J. Lansing, International Journal of Economic Theory, Vol. 3, Issue 2, June 2007, 147-158.
    
    
23. “On the Growth and Velocity Effects of Money,” with Shu-Hua Chen, Economics Bulletin, Vol. 5, No. 13, April 2008, 1-7. 
    
    
24. “Useful Government Spending and Macroeconomic (In)stability under Balanced-Budget Rules," with Sharon G. Harrison, Journal of Public Economic Theory, Vol. 10, Issue 3, June 2008, 383-397.
    
    
25. “Velocity of Money, Equilibrium (In)determinacy and Endogenous Growth,” with Shu-Hua Chen, forthcoming in Journal of Macroeconomics. [PDF File]
    
    
26. “Social Status and the Growth Effect of Money,” with Hung-Ju Chen, forthcoming in Japanese Economic Review. [PDF File]
    

1. “Tax Structure, Optimal Fiscal Policy and the Business Cycle,” with Kevin J. Lansing, Federal Reserve Bank of Cleveland Economic Review, Vol. 30, No. 4, 1994 Quarter 4, 2-14.
   
   
2. “Tax Structure and Welfare in a Model of Optimal Fiscal Policy,” with Kevin J. Lansing, Federal Reserve Bank of Cleveland Economic Review, Vol. 33, No. 1, 1997 Quarter 1, 11-23.
   
   
3. “On Business Cycles and Counter Cyclical Policies,” with Marco A. Espinosa-Vega, Federal Reserve Bank of Atlanta Economic Review, Vol. 86, No. 4, Fourth Quarter 2001, 1-11.

Conference Proceedings

1. “Business Cycles and the Market for Labor Contracts,” with James P. Dow, Jr., Proceedings of the Fourth Annual Meeting for the American Society of Business and Behavioral Sciences, Vol. 2, February 1997, 128-134.
   
   
2. “An Empirical Analysis of Sunspots and the Business Cycles,” with Marcelle Chauvet, Proceedings of the II International Colloquium on Economic Dynamics and Economic Policy, edited by Joanilio R. Teixeira and Francisco G. Carneiro, May 1999, 193-214.
   
   
3. “On the Business Cycle Effects of Government Spending,” Proceedings of the 2002 North American Summer Meetings of the Econometric Society, edited by David K. Levine and William Zame, October 2002, http://lev0201.dklevine.com/proceedings/macroeconomic-theory.htm.

1. Study Guide to Roger E.A. Farmer's Macroeconomics, with Shankha Chakraborty, South-Western College Publishing, Cincinnati, Ohio, September 1998.
   
   
2. Study Guide to Roger E.A. Farmer's Macroeconomics, 2nd edition, South-Western College Publishing, Cincinnati, Ohio, August 2001.

1. “Reexamination of Real Business Cycles in A Small Open Economy,” with Zuzana Janko. [PDF File]
   
   
2. “Macroeconomic (In)stability under Real Interest Rate Targeting, ” with Chi-Ting Chin and Ching-Chong Lai. [PDF File]
   
   
3. “Natural Resources and Economic Growth: Some Theory and Evidence,” with Dustin Chambers. [PDF File] 
   
   
4. “Capital-Labor Substitution and Equilibrium Indeterminacy,” with Kevin J. Lansing. [PDF File]
   
   
5. “Indeterminacy with No-Income-Effect Preferences and Sector-Specific Externalities,” with Sharon G. Harrison. [PDF File]

Editorial Position and Conference Organization

• Editorial Board, Academia Economic Papers, September 2006 -- Present
• Editorial Board, Taipei Economic Inquiry, August 2008 -- Present
• Program Committee, Far Eastern Meetings of the Econometric Society, Taipei, Taiwan, July 2007
  

Conferences and Meetings

• Far Eastern Meetings of the Econometric Society, Taipei, Taiwan, June 1993
• National Bureau of Economic Research Economic Fluctuations Research Meeting, Boston, July 1993
• National Bureau of Economic Research Summer Institute, Boston, July 1993
• Winter Meetings of the Econometric Society, Boston, January 1994 (discussant)
• Annual Meetings of the Society of the Economic Dynamics and Control, Los Angeles, June 1994
• National Bureau of Economic Research Summer Institute, Boston, July 1994
• Carnegie-Rochester Conference on Public Policy, Pittsburgh, November 1994
• National Bureau of Economic Research “Macroeconomic Complementarities” Group Meeting, Menlo Park, February 1995
• Annual Conference of the Western Economic Association, San Diego, July 1995
• Winter Meetings of the Econometric Society, San Francisco, January 1996
• National Bureau of Economic Research “Macroeconomic Complementarities” Group Meeting, Menlo Park, February 1996
• Annual Meetings of the Society of the Economic Dynamics and Control, Mexico City, June 1996
• National Bureau of Economic Research Summer Institute, Boston, July 1996
• Winter Meetings of the Econometrics Society, New Orleans, January 1997 (presenter and discussant)
• Annual Meetings of the American Society of Business and Behavioral Sciences, Las Vegas, February 1997
• Summer Meetings of the Econometric Society, Pasadena, June 1997
• Annual Conference of the Western Economic Association, Seattle, July 1997
• National Bureau of Economic Research Summer Institute, Boston, July 1997
• “Indeterminacy and Sunspots in Macroeconomics” Conference at New York University, November 1997
• Winter Meetings of the Econometric Society, Chicago, January 1998
• Annual Meetings of the Society for Economic Dynamics, Philadelphia, June 1998 (presenter and session chair)
• National Bureau of Economic Research Summer Institute, Boston, July 1998
• Winter Meetings of the Econometric Society, New York, January 1999
• Southern California Economic Theory Conference, Desert Hot Springs, February 1999 (session chair)
• Annual Symposium of the Society for Nonlinear Dynamics and Econometrics, New York, March 1999
• Midwest Macroeconomics Conference, Pittsburgh, April 1999
• II International Colloquium on Economic Dynamics and Economic Policy, Brasilia, DF - Brazil, May 1999
• Annual Conference of the Society for Computational Economics, Boston, June 1999 (presenter and session chair)
• Annual Meetings of the Society for Economic Dynamics, Sardinia, Italy, June 1999
• Annual Conference of the Western Economic Association, San Diego, July 1999
• Conference on “Expectations, Economic Theory and Economic Policy”, Perugia, Italy, September 1999
• Winter Meetings of the Econometric Society, Boston, January 2000 (discussant)
• Annual Meetings of the Midwest Economics Association, Chicago, March 2000
• Annual Meetings of the Canadian Economic Association, Vancouver, June 2000
• 8th World Congress of the Econometric Society, Seattle, August 2000
• Chinese Economic Association in North America at the ASSA Meetings, New Orleans, January 2001 (presenter and discussant)
• Winter Meetings of the Econometric Society, New Orleans, January 2001 (discussant and session chair)
• Midwest Macroeconomics Conference, Atlanta, March 2001 (presenter and session chair)
• Chinese Economic Association in North America at the ASSA Meetings, Atlanta, January 2002
• Summer Meetings of the Econometric Society, Los Angeles, June 2002 (presenter and session chair)
  
• Annual Conference of the Western Economic Association, Seattle, June 2002 (presenter and discussant)
  
• Midwest Macroeconomics Conference, Chicago, May 2003 
• Annual Conference of the Society for Computational Economics, Seattle, July 2003
• Winter Meetings of the Econometric Society, San Diego, January 2004 (presenter and session chair)
• Annual Meetings of the Midwest Economics Association, Chicago, March 2004
• International Conference on “Coordination Failures: Theories and Economic Policies”, Paris, France, June 2004
• Summer Meetings of the Econometric Society, Providence, June 2004
• International Conference on Growth and Development in Global Perspectives, Taipei, Taiwan, July 2004 (presenter and discussant)
• Annual Meetings of the Southern Economic Association, New Orleans, November 2004
• 2004 Taipei Conference on Macroeconomics and Development, Taipei, Taiwan, December 2004 (discussant and session chair)
• Southwest Economic Theory Conference, Riverside, March 2005 (co-organizer)
• Midwest International Economics and Economic Theory Meetings, Nashville, April 2005
• Annual Meetings of the Midwest Economics Association, Chicago, March 2006
• Summer Meetings of the Econometric Society, Minneapolis, June 2006
• Annual Conference of the Western Economic Association, San Diego, June 2006
• Taipei Conference on Economic Theory and Applications, Taipei, Taiwan, August 2006 
• Biennieal Conference of the Hong Kong Economic Association, Hong Kong, December 2006
  
• Chinese Economic Association in North America at the Taiwan Economic Association Meetings, Taipei, Taiwan, December 2006
• End-of-First-Year Meetings of the National Science Council's Program for Promoting Academic Excellence of Universities, Taipei, Taiwan, December 2006 (discussant)
  
• Winter Meetings of the Econometric Society, Chicago, January 2007
  
• Annual Meetings of the Canadian Economic Association, Halifax, June 2007
• Summer Meetings of the Econometric Society, Durham, June 2007 (presenter and session chair)
• Far Eastern Meetings of the Econometric Society, Taipei, Taiwan, July 2007 (presenter and sessions chair)
• Annual Conference of the Asia-Pacific Economic Association, Hong Kong, July 2007
• Annual Meeting of the American Economic Association, New Orleans, January 2008 (discussant)
  
• Annual Symposium of the Society for Nonlinear Dynamics and Econometrics, San Francisco, April 2008
• Chinese Economic Association in North America at the Annual Conference of the Western Economic Association, Hawaii, July 2008
• Far Eastern and Southern Asian Meetings of the Econometric Society, Singapore, July 2008
  

• Federal Reserve Bank of Cleveland, May 1994
• University of Southern California, September 1994, April 1999 and November 2003
• University of California, Los Angeles, October 1994, April 1997 and November 2007
• Queen's University, February 1996
• Federal Reserve Bank of Atlanta, February 1996 and November 2001
• University of California, Davis, May 1996 and April 2002
• University of California, Irvine, October 1996
• University of Delaware, September 1997
• University of Pennsylvania, September 1997
• Federal Reserve Bank of San Francisco, November 1997
• University of California, San Diego, January 1998
• State University of New York at Binghamton, January 1998
• National Chung-Hsing University, Taipei, Taiwan, December 1998
• Academia Sinica, Taipei, Taiwan, December 1998, March 2001, September 2002, September 2004 and September 2006
• Hong Kong University of Science and Technology, December 1998
• National Cheng-Chi University, Taipei, Taiwan, December 1998
• University of Missouri-Columbia, January 2000
• University of Hong Kong, March 2001
• 12-Hour Lectures on “Real Business Cycle Models,” Advanced Economics Research Workshop, National Science Council and Academia Sinica, Taipei, Taiwan, September 2002
• National Taiwan University, Taipei, Taiwan, March 2005, April 2005 and June 2007
• Feng Chia University, Taichung, Taiwan, April 2005
  
• Chinese University of Hong Kong, April 2005
• Vanderbilt University, April 2005
• 9-Hour Lectures on “Real Business Cycle Models,” Economics Research Workshop, Social Science Research Center of National Science Council and National Sun Yat-Sen University, Kaohsiung, Taiwan, May 2005
• Kobe University, Japan, May 2005
• Kyoto University, Japan, May 2005
• Osaka University, Japan, May 2005
• Arizona State University, September 2005
• National Central University, Jhongli, Taiwan, Septembr 2006
  
• National Chi Nan University, Puli, Taiwan, September 2006
• 11-Hour Lectures on “Real Business Cycle Models,” Economics Research Workshop, Social Science Research Center of National Science Council and Feng Chia University, Taichung, Taiwan, March 2007
• Purdue University, April 2007
• 11-Hour Lectures on “Real Business Cycle Models: Macroeconomic Dynamics and Equilibrium Indeterminacy,” Economics Research Workshop, Social Science Research Center of National Science Council and National Chung Cheng University, Chia-Yi, Taiwan, September 2007
• Taiwan Macroeconomic Workshop, Taipei, Taiwan, September 2008
  

• American Economic Review 
• Econometrica 
• Review of Economic Studies 
• Journal of Economic Theory 
• International Economic Review 
• Journal of Monetary Economics
  
• Economic Journal
• Journal of the European Economic Association
  
• European Economic Review 
• Economic Theory
  
• Journal of Economic Dynamics and Control 
• Canadian Journal of Economics 
• Journal of Money, Credit and Banking 
• Review of Economic Dynamics 
• Economic Inquiry 
• Macroeconomic Dynamics 
• Journal of International Economics 
• Journal of Public Economics
• Journal of Public Economic Theory
• Journal of Economic Behavior and Organization
• Journal of International Money and Finance
• Studies in Nonlinear Dynamics and Econometrics
• B.E. Journals in Macroeconomics
  
• Economics Letters
• Bulletin of Economic Research
  
• Southern Economic Journal
  
• Journal of Macroeconomics
• Quarterly Review of Economics and Finance
• International Review of Economics and Finance
• Pacific Economic Review
  
• Review of Development Economics
  
• Economic Modelling
• Public Finance Review
  
• Economics Bulletin
• Journal of Computational Optimization in Economics and Finance
  
• International Economic Journal
  
• Recherches Economiques de Louvain - Louvain Economic Review
  
• Econometric Reviews
  
• Multinational Finance Journal
  
• Journal of Applied Economics
  
• Journal of Quantitative Economics
• Academia Economic Papers
  
• Contemporary Economic Policy
• Discrete Dynamics in Nature and Society
  
• National Science Foundation
• Social Sciences and Humanities Research Council of Canada
• Hong Kong Research Grants Council
• The Research Council of Norway
• Ministry of Education, Taiwan 
• National Science Council, Taipei, Taiwan
  
• Academia Sinica, Taipei, Taiwan
• National Taiwan University
  
• National Chengchi University, Taipei, Taiwan
  
• MIT Press
• Edward Elgar Publishing Inc.
• Addison-Wesley Publishing Co. 
• Worth Publishers 
• McGraw-Hill Companies, Inc.

Dissertations Supervised

• Daniel F. Farhat (in progress)
  
• Chonghyun Christie Byun (Rose Hulman Institute of Technology, 2006)
  
• Dustin Chambers (Co-advisor, Salisbury University, 2004)
• Zuzana Janko (University of Calgary, 2003)
  

Dissertation Committee Member

• Yong Bao (University of Texas, San Antonio)
• Aditi Bhattacharyya (in progress)
  
• Kuang-Hua Daphne Chou (Statistics Ph.D.)
• Bernard Gress (Freddie Mac)
  
• Daniel Henderson (Binghamton University)
• Sherman Ho (Providian Financial Corporation)
• Huiyu Huang (PanAgora Asset Management, Inc.)
• Hung-Jen Steward Huang (Statistics, in progress)
  
• Insong Jang (Vrije Universiteit, Netherlands)
  
• Insu Kim (in progress) 
• Alan Krause (York University, UK)
• Subodh Kumar (Citi Group)
  
• Jieun Lee (Korea Economic Research Institute)
• Zeynep Senyuz (University of New Hampshire)
• Rong-Chang Wu (Shih Chien University, Taiwan)
• Xiaoyu Wu (Ramapo College of New Jersey)
• Weiping Yang (Bank One)