CAROLINE MARIE BETTS

CURRICULUM VITAE

 

EDUCATION

 

1994                Ph.D (Economics) University of British Columbia, Canada

1989                M.A. (Economics) Queens University, Canada

1987                B.A. (Economics, 1st class Hons.) University of Durham, England

 

EMPLOYMENT

2000-              Associate Professor, Department of Economics, USC

1994-2000       Assistant Professor, Department of Economics, USC

1993-1994       Acting Assistant Professor, Cornell University

 

CURRENT RESEARCH INTERESTS

Real Exchange Rates and Relative Prices; Tradability of Goods; Patterns of Trade and Specialization; Cross-Sector Transformation and Trade; Debt Default

 

TEACHING FIELDS

International Macroeconomics, International Finance, Macroeconomic Theory

 

PUBLICATIONS AND FORTHCOMING

[1]        “US Real Exchange Rate Fluctuations and Relative Price Fluctuations”, (2005), forthcoming, Journal of Monetary Economics

[2]        "Sectoral TFP Growth Patterns of the United States",(2001) Japan Committee for Economic Outlook (eds.), Sectoral TFP Growth Patterns PECC: Osaka (with Jeffrey B. Nugent)

[3]        "The Effects of Monetary and Fiscal Policy Shocks in a Two-Country Model", (2001), Ch. 1 Calvo, G., Dornbusch, R., M. Obstfeld (eds.) Money, Factor Mobility and Trade: Essays in Honor of Robert Mundell MIT Press: Cambridge (with Michael B. Devereux)

[4]        "Competitive Depreciation and Monetary Policy Coordination: A Reevaluation", (2000), Journal of Money, Credit and Banking 32: pp. 722-745 (with Michael B. Devereux)

[5]        "Exchange Rate Dynamics in a Model of Pricing-to-Market: Correction", (2000), Journal of International Economics 50: pp. (with Michael B. Devereux)

[6]        "Exchange Rate Dynamics in a Model of Pricing-to-Market", (2000), Journal of International Economics 50: pp. 215-244 (with Michael B. Devereux)

[7]        "Unemployment, Credit Rationing and Growth: A Tale of Two Frictions", (1998), Economic Theory 12: pp. 489-517 (with Joydeep Bhattacharya)

[8]        "Domestic Savings in the US: Trends and Prospects", (1998), in Japan Committee for Pacific Economic Outlook (eds.) Domestic Savings in the Pacific Region: Trends and Prospects PECC: Osaka (with Jeffrey B. Nugent)

[9]        "Money, Banking and the Determination of Real and Nominal Exchange Rates", (1997), International Economic Review, 38: pp. 703-734 (with Bruce D. Smith)

[10]      "Exchange Rate Fluctuations and Macroeconomic Management in the US", (1997), in Japan Committee for Economic Outlook (eds.) Exchange Rate Fluctuations and Macroeconomic Management PECC: Osaka (with Jeffrey B. Nugent)

[11]      "The Exchange Rate in a Model of Pricing-to-Market", (1996), European Economic Review, 40: pp. 1007-1021 (with Michael B. Devereux)

[12]      "A Small Open Economy in Depression: Lessons From Canada in the 1930's", (1996) Canadian Journal of Economics, 29: pp.1-36 (with Michael Bordo and Angela Redish)

[13]      " What Makes Aggregate Fluctuations in Canada Different?" (1994), in Poloz, S. (ed.) Economic Behavior and Policy Choice Under Price Stability Bank of Canada: Ottawa (with James M. Nason)

 

WORKING PAPERS AND WORK IN PROGRESS

[1]       “Real Exchange Rate Fluctuations and the Relative Price of Non-Traded Goods”, (2002) manuscript, USC (with Timothy J. Kehoe)

[2]        "Tradability of Goods and Real Exchange Rate Fluctuations", (2001), manuscript, USC, (with Timothy J. Kehoe)

[3]        "Service Sector Growth and Service Sector Trade”, (2005), incomplete manuscript, (with Ergin Bayrak)

[4]        "Service Sector Growth and Service Sector Trade: The Industrial Revolution in India”, (2005), incomplete manuscript, (with Rubina Verma)

[5]        "Commodities, Tradability, and the Endogenous Emergence of Futures Markets”, (2005) incomplete manuscript, (with Georgi Vassilev)       

[7]        "Was Ricardo Right? Sectoral Transformation and the Optimal Pattern of Trade”, (2005) incomplete manuscript, (with Ayse Imrohoroglu)

[8]        “Banking Crises”, work in progress (with Engin Volkan)

[9]        “Auctions for Thoroughbred Horse-Racing Prospects”, work in progress (with Ergin Bayrak and Svetlana Pevnistkaya)

 

AWARDS, HONORS AND SCHOLARSHIPS

2005                Faculty Research Grant, Center for International Studies, USC

2001-2004       National Science Foundation Award SES-0004545

2002                Consultant, Institute for Empirical Macroeconomics, FRB Minneapolis

                        Visiting Scholar, FRB Minneapolis Research Department

2001                Consultant, Institute for Empirical Macroeconomics, FRB Minneapolis

                        Visiting Scholar, FRB Minneapolis Research Department

2000                Visiting Scholar, FRB Minneapolis Research Department

1999                Economic Honor Society (ODE) Award for undergraduate teaching

                        European Union Center of California Fellowship

1998               College Award for Research Excellence, USC

1998                Consultant, Board of Governors of the Federal Reserve

1997                Consultant, Institute for Empirical Macroeconomics, FRB Minneapolis

1996                Consultant, Institute for Empirical Macroeconomics, FRB Minneapolis

1996               Haynes Foundation Fellow

1995               Zumberge Fellow, USC

 

STUDENT AWARDS AND PRIZES

 

1994               Jean Elder Dissertation Prize in Social Sciences, UBC

1993               Wagner Foundation Graduate Fellow, UBC

1991               University Graduate Fellow, UBC

1990               Dal Grauer Memorial Scholar, UBC

1989               Albert J.Whitely Scholar, UBC

1988               University Scholar, Queens University

1987               Rotary Foundation Graduate Scholar, Queens University

1986               Adam Smith Tassie Medallion Award

1985-1987       University Scholar and Student Scholar in Residence, University of Durham

 

OTHER PROFESSIONAL EXPERIENCE

Seminars

1993-1994       Board of Governors of the Federal Reserve, Concordia, Duke, Edinburgh, McGill, McMaster, Queens, Rutgers, Southern Illinois, University of Miami FL, University of Southern California, University of Toronto, Wayne State

1994-1995       ITAM, University of Victoria, UC-Riverside

1995-1996       UCLA, Federal Reserve Bank of Minneapolis

1996-1997       Southampton, University of Washington, Seattle

1997-1998       Board of Governors of the Federal Reserve, Federal Reserve Bank of Minneapolis, UCLA, UC-Santa Cruz

1999-2000       Federal Reserve Bank of Dallas, Wharton, Federal Reserve Bank of Atlanta, Indiana University, University of Colorado-Boulder, Southampton, Universitat Pompeu Fabra

2000-2001       University of Miami, UC Santa Barbara, Federal Reserve Bank of Minneapolis

2001-2002       UCLA, Johns Hopkins University, Vanderbilt University

2002-2003       Stanford University, University of California at Davis

2003-2004       University of Kansas, UCLA

2004-2005       Federal Reserve Bank of New York, Federal Reserve Bank of San Francisco

 

Selected Conference Presentations

1992-1993       Canadian Macroeconomic Study Group Meetings (London, Canada)

1993-1994       Monetary and Financial History Conference (Cornell University), Canadian Economics Association (Ottawa), Society of Economic Dynamics and Control (Los Angeles), Canadian Economics Association (Calgary)

1994-1995       Canadian Macroeconomic Study Group Meetings (Vancouver, discussant) Society of Economics Dynamics and Control (Barcelona, Spain)

1995-1996       Society of Economic Dynamics and Control (Mexico City) North American Economics and Finance Association (San Francisco) Japan Committee for Economic Outlook (Osaka)

1996-1997       Latin American and Caribbean Economics Association (Mexico City) Japan Committee for Economic Outlook (Osaka), Annual Workshop on Dynamic Economics (La Coruna, Spain) 

1997-1998       American Economics Association, Annual Meetings (Chicago, discussant) National Bureau of Economic Research, International Financial Markets Group (Cambridge, discussant) Annual Workshop on Dynamic Economics (Vigo, Spain) Japan Committee for Economic Outlook (Osaka)

1998-1999       Northwestern Macroeconomics Workshop (Chicago) Society for Dynamic Economics (Sardinia) Conference on Applied General Equilibrium (University of Montreal)