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Sergio Rebelo

Tokai Bank Professor of International Finance

Finance

MS 1985, Operations Research, Technical University of Lisbon; MA 1987, PhD 1989, Economics, University of Rochester

 
Academic Positions Held
 

Kellogg School of Management, Northwestern University.
Tokai Bank Professor of International Finance, 1997-present.
Chair, Department of Finance, 2000-2002.
Associate Professor of Finance, 1991-1992.
Assistant Professor of Finance, 1988-1991.

University of Rochester.
Associate Professor, Department of Economics, 1992-1997.

Portuguese Catholic University.
Assistant Professor, 1990-1992.
Instructor, 1981-1984

   
Courses / Topics Taught
  International Finance
   
Career and Recent Professional Awards; Teaching Awards
 

Executive Masters Program Outstanding Professor Award, EMP 50 (2001-02),

EMP 54 (2002-03), EMP 56 (2003-04), EMP 58, 60, and 61 (2004-05).

Top Five Finalist, Lawrence G. Lavengood Professor of the Year, 2001-02, 2002-03, 2003-04,

and 2004-05

Sidney J. Levy Teaching Award, 2003-04

National Science Foundation Grants: SBR-9511916 (1995-98) and SES-0137063 (2002-05).

Olin Fellowship, National Bureau of Economic Research, 1992-93.

Alfred P. Sloan Doctoral Dissertation Fellowship, 1987-88.

W. Allen Wallis Fellowship, 1986-87.

University of Rochester Fellowship, 1984-87.

Doctoral Fellowship, National Institute for Scientific Research, 1984-87.

   
Professional Leadership
 

Referee and Editorial work:
Associate Editor, Journal of Monetary Economics, 1995 to present.

Associate Editor, Journal of Economic Growth, 1997-2004.

Associate Editor, Journal of the European Economic Association, 2003-2004.

Associate Editor, American Economic Review, 1995-2001.

Associate Editor, European Economic Review, 1995-1998.

Member of the Advisory Committee, Carnegie-Rochester Conference on Public Policy.

Member of the Panel of Economic Policy, 1992-1994.

Member of the Advisory Board, European Economics Abstracts, Social Science Research Network.

Referee for National Science Foundation and Major Economics Journals.

Chair of Finance Department, Kellogg School of Management, 2000-2002

Director of Finance MBA program, Portuguese Catholic University, 1991-1992.

Director of Executive Program in Banking, Portuguese Catholic University/Banking Institute, 1991-1992.

Research Coordinator, Bank of Portugal, 1990-1992.

Coordinator of World Bank Research Project "Do National Policies Affect Long Run Growth?" (joint with W. Easterly, R. King and R. Levine), 1990-1992.

   
Research Areas
  Macroeconomics; International Finance
   
Current Projects
  “The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations” (with A. Burstein and M. Eichenbaum)

“When Is It Optimal to Abandon a Fixed Exchange Rate?” (with C. Vegh)

   
Representative Publications
 

“Modeling Exchange Rate Passthrough After Large Devaluations” (with A. Burstein and M. Eichenbaum), forthcoming, Journal of Monetary Economics.

“Large Devaluations and the Real Exchange Rate,” (with A. Burstein and M. Eichenbaum), Journal of Political Economy, 113: 742-784, 2005.

“Government Finance in the Wake of Currency Crises” (with C. Burnside and M. Eichenbaum), forthcoming, Journal of Monetary Economics, 2005.

“Real Business Cycle Models: Past, Present, and Future,” Scandinavian Journal of Economics, 107: 217–238, 2005.

“Government Guarantees and Self-fulfilling Speculative Attacks” (with C. Burnside and M. Eichenbaum), Journal of Economic Theory, 119: 31-63, 2004.

“Investment Prices and Exchange Rates: Some Basic Facts,” (with A. Burstein and J. Neves) Journal of the European Economic Association, 2: 302-309, April-May 2004.

“Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations” (with A. Burstein and J. Neves), Journal of Monetary Economics, 50: 1189–1214, 2003.

“Production, Growth and Business Cycles: Technical Appendix,” (with R. King and C. Plosser) Computational Economics 20 (1): 87-116, Oct 2002.

“Beyond Balanced Growth” (with P. Kongsamut and D. Xie), Review of Economic Studies, 68 (4): 869-882, 2001.

“Prospective Deficits and the Asian Currency Crises” (with C. Burnside and M. Eichenbaum), Journal of Political Economy, 109: 1155-1197, 2001.

“Equilibrium Unemployment,” (with J. Gomes and J. Greenwood), Journal of Monetary Economics, 48: 109-152, 2001.

“Hedging and Financial Fragility in Fixed Exchange Rate Regimes,” (with C. Burnside and M. Eichenbaum), European Economic Review, 45: 1151-1193, 2001.

“On the Dynamics of Trade Reform,” (with R. Albuquerque) Journal of International Economics, 51: 21-48, June 2000.

“Resuscitating Real Business Cycles,” (with R. King), in John Taylor and Michael Woodford (eds.) Handbook of Macroeconomics, North-Holland, 927-1007, 2000.

“On the Optimality of Interest Rate Smoothing,” (with D. Xie), Journal of Monetary

Economics , 43: 263-282, 1999.

“Sectoral Solow Residuals,” (with C. Burnside and M. Eichenbaum) European Economic Review, 40: 861-869, April 1996.

“Exchange-Rate-Based Stabilizations: An Analysis of Competing Theories,” (with C. Vegh), NBER Macroeconomics Annual 1995, 125-174.

“Capital Utilization and Returns to Scale,” (with C. Burnside and M. Eichenbaum), NBER Macroeconomics Annual 1995, 67-110.

“Growth Effects of Flat-Rate Taxes,” (with N. Stokey), Journal of Political Economy, 103: 519-550, June 1995.

“Business Cycles in a Small Open Economy,” (with I. Correia and J. Neves), European Economic Review, 39: 1089-1113, 1995.

“Fiscal Policy and Economic Growth: An Empirical Investigation,” (with W. Easterly), Journal of Monetary Economics, 32: 417-458, December 1993.

“Transitional Dynamics and Economic Growth in the Neoclassical Model,” (with R. King), American Economic Review, 83 : 908-31, September 1993.

Reprinted in: Gene Grossman (ed.) Economic Growth: Theory and Evidence, Edward Elgar Publishers, London, 1995.

“Labor Hoarding and the Business Cycle,” (with C. Burnside and M. Eichenbaum), Journal of Political Economy, 1993, 101: 245-273.

“Marginal Income Tax Rates and Economic Growth in Developing Countries,” (with W. Easterly), European Economic Review, 1993, 37: 409-417.

“Low Frequency Filtering and Real Business Cycles,” (with R. King), Journal of Economic Dynamics and Control, 1993, 17: 207-231.

“Business Cycles 1850-1950: New Facts about Old Data,” (with I. Correia and J. Neves) European Economic Review, April 1992, 36: 459-467.

“Growth in Open Economies,” Carnegie-Rochester Series on Public Policy, 36: 5-46, 1992.

“Long Run Policy Analysis and Long Run Growth,” Journal of Political Economy, June 1991, 99: 500-521.

Reprinted in: Gene Grossman (ed.) Economic Growth: Theory and Evidence, Edward Elgar Publishers, London, 1995.

“Public Policy and Economic Growth: Developing Neoclassical Implications,” (with R. King), Journal of Political Economy, October 1990, 98: S126-S150.

“Production, Growth and Business Cycles I: The Basic Neoclassical Model,” (with R. King and C. Plosser) Journal of Monetary Economics, March/May ,1988, 21: 195-232.

Reprinted in: Becker, Robert and Edwin Burmeister (eds.) Growth Theory III, Edward Elgar Publishers, London 1989 and in

Phelps, Edmund (ed.) Recent Developments in Macroeconomics, Edward Elgar

Publishers, London 1990.

“Production, Growth and Business Cycles II: New Directions,” (with R. King and C. Plosser) Journal of Monetary Economics, March/May 1988, 21: 309-341.

   
General / Consulting
 

Research Associate, National Bureau of Economic Research Research Fellow, Center for Economic Policy Research.

Served as a consultant to the World Bank, the International Monetary Fund, the Board of Governors of the Federal Reserve System, the European Central Bank, and the McKinsey Global Institute

  last modified 11/18/2005
©2001 Kellogg School of Management, Northwestern University