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Charles Whiteman

Charles H. Whiteman

Professor Emeritus - June 2012

Leonard A. Hadley Chair in Leadership

Economics
PA Pappajohn Business Bldg
The University of Iowa
Iowa City, IA 52242- 1994 		E-mail: chw17@psu.edu

Academic History

  • PhD in Economics, University of Minnesota, 1981
  • BA in Economics, University of Kansas, 1975

Expertise

  • Dynamic Macroeconomic Theory and Financial Economics
  • Rational Expectations
  • Time Series Analysis and Macroeconomic Forecasting
  • Bayesian Econometrics

Awards

  • Graduate College Outstanding Mentor Award—Social Sciences (awarded biannually since 2002 by the Graduate College upon nomination by graduate students, and supporting recommendations from colleagues and from former students), 2004
  • Executive MBA G.R.E.A.T. Instructor of the Year Award – First-year Des Moines Executive MBA students (Class of 2004), 2005
  • P.E.T.E. Award (Professional Excellence in the Training of Economists) awarded by the PhD students in economics, 2002
  • Faculty Scholar, The university of Iowa, 1994-1997, 
  • HON Industries Excellence in Teaching Award, 1991
  • MBA Professor of the Year Award, 1986
  • P.E.T.E. Award (Professional Excellence in the Training of Economists) awarded by the PhD students in economics, 1986

Selected Publications

  • Prediction Formulas (with Kurt Lewis), The New Palgrave Dictionary of Economics, Vol. 2nd ed., forthcoming 2007.
  • Bayesian Prediction, Entropy, and Option Pricing in the U.S. Soybean Market, 1993-1997 (with F. Douglas Foster), Australian Journal of Management, forthcoming.
  • Bayesian Forecasting (with John Geweke), Handbook of Economic Forecasting, Forthcoming.
  • Forecasting Using Maximum Entropy (with John C. Robertson and Ellis W. Tallman), Journal of Money, Credit, and Banking, Vol. 37, 2005, 383-401.
  • International Business Cycles: World, Region, and Country-Specific Factors (with Ayhan Kose and Christopher Otrok), American Economic Review 93, Vol. 93, September 2003, 1216-1239.
  • "Bayesian Cross Hedging: An Example from the Soybean Market," (with Douglas Foster), Australian Journal of Management, Vol. 27, December 2002, 95-122.
  • Evaluating Asset Pricing Models Using the Hansen-Jagannathan Bound (with Christopher Otrok and B. Ravikumar), Journal of Applied Econometrics, Vol. 17, March 2002, 149-174.
  • Habit Formation: A Resolution to the Equity Premium Puzzle? (with Christopher Otrok and B. Ravikumar), Journal of Monetary Economics, Vol. 49, September 2002, 1261-1288.
  • Identification Failure in the Intertemporal Consumption CAPM (with Christopher Neely and Amlan Roy), Journal of Business and Economic Statistics, Vol. 19, October 2001, 395-403.
  • A Bayesian Approach to Dynamic Macroeconomics (with David N. DeJong and Beth F. Ingram), Journal of Econometrics, Summer 2000.
  • Keynesian Impulses vs. Solow Residuals: Identifying Sources of Business Cycle Fluctuations (with David DeJong and Beth F. Ingram), Journal of Applied Econometrics, Vol. 98, July 2000, 311-320.

Work in Progress

  • "Bayesian Dynamic Factor Models for Large Datasets: Measuring and Forecasting Macroeconomic Data" (with Christopher Otrok and Pedro Silos).
  • “A Generalized Volatility Bound for Dynamic Economies,” (with Christopher Otrok and B. Ravikumar), revised June 2003. (with B. Ravikumar and Christopher Otrok).
  • Stochastic Discount Factor Models and the Equity Premium Puzzle (with Chris Otrok, B. Ravikumar).
  • "Asset Prices in a Time Series Model with Perpetually Disparately Informed Competitive Traders" (with Ken Kasa and Todd Walker).
  • Robustifying Shiller: Do Stock Prices Move Enough to be Justified by Subsequent Changes in Dividends? (with Kurt Lewis).
  • “"Empirical Bayesian Density Forecasting in Iowa and Shrinkage for the Monte Carlo Era", (with Kurt Lewis).

Prior Positions

  • Senior Associate Dean, Henry B. Tippie College of Business, The University of Iowa, 07/2006
  • Interim Dean, Henry B. Tippie College of Business, The University of Iowa, 06/2006-06/2006
  • Director, Institute for Economic Research, Henry B. Tippie College of Business, The University of Iowa, 2003
  • Stanley M. Howe Chair in Leadership, Henry B. Tippie College of Business, The University of Iowa, 2006
  • C. Woody Thompson Professor of Economics, Henry B. Tippie College of Business, The University of Iowa, 2002-2006
  • Chair, Department of Economics, The University of Iowa, 1997-2000
  • Pioneer Hi-Bred Professor of Financial Economics, Henry B. Tippie College of Business, The University of Iowa, 1995-2002
  • Professor of Economics, Henry B. Tippie Collee of Business, The University of Iowa, 1992
  • Director, Institute for Economic Research, Henry B. Tippie College of Business, The University of Iowa, 1990-1997

Professional Affiliations

  • American Economic Association
  • American Statistical Association
  • Econometric Society
  • International Society for Bayesian Analysis

Review and Editorial Work

  • Associate Editor, Economics Bulletin, 2004

Presentations

  • The Iowa Economic Forecast, Council of Economic Advisors meetings, Des Moines, various
  • "Empirical Bayesian Density Forecasting in Iowa and Shrinkage for the Monte Carlo Era", Deutsche Bundesbank Spring Conference on “Economic Forecasting”, DB Conference Site, Eltville, Germany, May 4-6, 2007
  • "Robustifying Shiller: Do Stock Prices Move Enough to be Consistent with Subsequent Changes in Dividends?", University of Pennsylvania, October 30, 2006
  • Robustifying Shiller: Do Stock Prices Move Enough to be Consistent with Subsequent Changes in Dividends?", Iowa State University Economics Department Seminar, January 29, 2007
  • "Empirical Bayesian Density Forecasting in Iowa and Shrinkage for the Monte Carlo Era", Deutsche Bundesbank Spring Conference on “Economic Forecasting”, Chicago Graduate School of Business seminar, February 15, 2007

Media Citings

  • periodic citings in state newspapers on the Iowa Economic Forecast

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