William Smith - Department of Economics
Dr. William Smith is a Professor Economics at the Fogelman College of Business and Economics at the University of 蜜桃导航. He earned a BA in International Affairs from the American College (now University) in Paris in 1979, an MA in Economics from the University of Miami in 1981, and a PhD in Economics from the University of Virginia in 1987, specializing in international and financial economics. He taught at Virginia Tech for several years, and briefly visited at the University of Virginia and Penn State before coming to the University of 蜜桃导航 in 1993. He is currently Chair of the Economics Department.
Dr. Smith鈥檚 research has focused upon economic growth, risk and uncertainty, and recently asset-pricing. He has taught pretty much everything, but recently has been teaching International Monetary Theory and Policy (ECON 4351) and Macroeconomic Theory (ECON 3320).
- BA, International Affairs, American College in Paris - 1979
- MA, Economics, University of Miami - 1980
- PhD, Economics, University of Virginia - 1987
- Macroeconomics, International Macroeconomics
- Econmic Growth, Risk and Uncertainty
- Asset Pricing
- "Do Environmental, Social and Governance Practices affect Portfolio Returns? Evidence from the US Stock Market from 2002 to 2020,鈥� with Johannes Dreyer, Mateus Moreira, and Vivek Sharma, forthcoming, Review of Accounting and Finance (2022).
- 鈥淲arm-glow Investment and the Underperformance of Green Stocks,鈥� with Johannes Dreyer and Vivek Sharma, International Review of Economics and Finance 83 (2023): 546-570.
- 鈥淭he Optimal Hedging Ratio: A Closed-form Solution, a Conjecture, and a Challenge,鈥� forthcoming, Economics Bulletin (2022).
- 鈥淲arm-glow Preference: A Natural Catalyst for the Green Transition,鈥� with Johannes Dreyer, forthcoming in Measuring Sustainability and CSR: Reporting to Decision Making, edited by S. Kacanski, J. Dreyer, and K. Sund, Ethical Economy: A Springer Book Series (2022).
- 鈥淪aving-based Asset-pricing and Leisure,鈥� with Johannes Dreyer, Annals of Economics & Finance, 21.2 (2020): 507-526.
- 鈥淐hanges in Risk and Strategic Interaction,鈥� with Diego Nocetti, Journal of Mathematical Economics, 56 (2015): 37 鈥� 46.
- 鈥淭he Discriminating Beta: Prices and Capacity with Correlated Demands,鈥� with Catherine Eckel, Southern Economic Journal, 81 (2014): 56-67.
- 鈥淭he Effects of Wage Volatility on Growth,鈥� with Michael Jetter and Olexander Nikolsko-Rzhevskyy Journal of Macroeconomics, 37 (2013): 93-109.
- 鈥淪aving-Based Asset Pricing,鈥� with Johannes Dyer and Johannes Schneider, Journal of Banking & Finance 37 (2013), 3704-3715.
- 鈥淎 New Look at the Determinants of the Ecological Discount Rate: Disentangling Social Preferences,鈥� with Luciana Echazu and Diego Nocetti, B.E. Journal of Economic Analysis & Policy, Advances (2012).
- 鈥淧rice Uncertainty, Saving, and Welfare,鈥� with Diego Nocetti, Journal of Economic Dynamics & Control 35 (2011): 1139-1149.
- 鈥淧recautionary Saving and Endogenous Labor Supply with and without Expected Utility,鈥� with Diego Nocetti, Journal of Money, Credit & Banking 43 (2011): 1475-1504.
- 鈥淯ncertainty, the Demand for Health Care, and Precautionary Savings,鈥� with Diego Nocetti, B.E. Journal of Economic Analysis & Policy 10 (2010).
- 鈥淭ime Diversification: Definitions and Some Closed-form Solutions,鈥� with Kee Chung and Tao Wu, Journal of Banking & Finance 33 (2009): 1101-1111.
- 鈥淭he Spirit of Capitalism, Precautionary Savings, and Consumption,鈥� with Yulei Luo and Heng-fu Zou,鈥� Journal of Money, Credit, & Banking 41 (2009): 543-554.
- 鈥淭he Monetary Transmission Mechanism of a Small Open Economy with Sweeping Financial Reforms: The Case of Korea,鈥� with Young Seob Son and C.S. Pyun, Multinational Business Review 17.4 (2009): 1 鈥� 20.
- 鈥淭he Spirit of Capitalism and Excess Smoothness,鈥� with Yulei Luo and Heng-fu Zou, Annals of Economics & Finance 10 (2008): 281-301.
- 鈥淚nspecting the Mechanism Exactly: A Closed-form Solution to a Stochastic Growth Model,鈥� BE Contributions to Macroeconomics (August 2007), http://www.bepress.com/bejm/contributions/vol17/iss1/art30.
- 鈥淐onsumption and Risk with Hyperbolic Discounting,鈥� with Heng-Fu Zou and Liutang Gong, Economics Letters 96 (2007): 153-160.
- 鈥淎sset Pricing with Multiplicative Habits and Power-expo Preferences,鈥� with Richard Zhang, Economics Letters March (2007): 319-325.
- 鈥淗yperbolic Discounting and Asset-Pricing,鈥� with Heng-Fu Zou and Liutang Gong, Annals of Economics & Finance 8 (2007): 397-414
- 鈥淲hy Do Pooled Forecasts Do Better Than Individual Forecasts? An Alternative Explanation,鈥� with Diego Nocetti, Economics Bulletin, Vol. 4, No. 36 (2006), posted on October 25, 2006 at http://economicsbulletin.vanderbilt.edu.
- 鈥淓quilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy,鈥� with Steve Turnovsky, Journal of Economic Dynamics and Control 30 (2006): 243-278.
- 鈥淎 Closed Form Solution to the Ramsey Model,鈥� BE Contributions to Macroeconomics (January 2006) http://www.bepress.com/bejm/contributions/vol16/iss1/art3/
- 鈥淔ertility, Volatility, and Growth,鈥� with Aude Pommeret, Economics Letters 87 (2005), 347-353.
- 鈥淐urrency Devaluation and Contractionary Policy in a Currency Crisis: A Supply-Side Approach,鈥� with Chong Soo Pyun and Young Seob Son, Global Business & Finance Review 10 (2005): 17-25.
- 鈥淐an the Desire to Conserve Our Natural Resources Be Self-defeating?鈥� with Young Seob Son, Journal of Environmental Economics and Management 49 (2005): 52-67.
- 鈥淏ut Can She Cook? Women鈥檚 Education and Housework Productivity,鈥� with David Sharp, Julia Heath, and David Knowlton, Economics of Education Review 23 (2004): 605-614.
- 鈥淐onsumption and Saving With Habit Formation and Durability,鈥� Economics Letters 75 (2002): 369-375.
- 鈥淢arshallian Recursive Preferences and Growth,鈥� with Michael Gootzeit and Johannes Schneider, Journal of Economic Behavior & Organization 49 (2002): 381-404.
- 鈥淪hipping the Good Times Out: A Note on Apples and Donations of Time and Money,鈥� Economics Bulletin Vol. 10, No. 1, pp. 1-14 (2002). You can find this was posted on January 22, 2002 at http://economicsbulletin.vanderbilt.edu.
- 鈥淗ow Does the Spirit of Capitalism Affect Stock-Market Prices?鈥� Review of Financial Studies 14 (2001): 1215-1232.
- 鈥淭he Calculus of Fear: Revolution, Repression, and the Rational Peasant,鈥� with Julia Heath, David Mason, and Joseph Weingarten, Social Sciences Quarterly 81 (1999).
- 鈥淩isk, the Spirit of Capitalism and Growth: the Implications of a Preference for Capital,鈥� Journal of Macroeconomics 21 (1999), pp. 241-262.
- 鈥淏irth, Death and Consumption: Overlapping Generations and the Random Walk Hypothesis,鈥� International Economic Journal 23 (1998), pp. 105-116.
- 鈥淭he Treatment of Medical Indebtedness in Personal Bankruptcy,鈥� with Dennis Wilson, John Rogers, and Cyril Chang, Journal of Economics 23 (1997).