Department of Economics

portrait of Tom Fomby

Economics

Thomas B. Fomby

Professor

Ph.D., University of Missouri at Columbia
Umphrey Lee 301M
214-768-2559

Director of the Richard B. Johnson Center for Economic Studies

As an applied econometrician my interests range broadly: Macroeconomics – validation of leading indicators for growth in national and regional economics (Federal Reserve Bank of Dallas); The analysis of social networks and their impacts on food insecurity of children (Hunger Center Grant); predictive analytics as applied to crime prevention (Dallas Police Department and SMU Computer Science Department); Count and Panel models as applied to Epidemiological data (joint research with the University of Texas Southwestern Medical Center); The growth aftermaths of Natural Disasters (joint research with the World Bank), and Analysis of Return Dependence via Multivariate Copulas (Federal Reserve Bank of Dallas).

Research Interests

Applied Econometrics and Predictive Analytics

Courses Taught

Data Mining Techniques for Economists, Economic and Business Forecasting and all manner of Undergraduate and Graduate Econometrics courses

Selected Publications

  • “The 2012 West Nile Encephalitis Epidemic in Dallas, Texas” forthcoming in the Journal of the American Medical Association, July 2013, with W. Chung, C. Buseman, S. Joyner, S. Hughes, J.P. Ludy and R. Haley.
  • “The Growth Aftermath of Natural Disasters,” Journal of Applied Econometrics, Vol. 28 (3), 2013 with Y. Ikeda and N.V. Loayza.
  • “Return Dependence and the Limits of Product Diversification in Financial Firms,” Journal of Money, Banking, and Credit, Vol. 44 (6), 2012, with Jeffery W. Gunther and Jian Hu.
  • “A Change Point Analysis of the Impact of ‘Environmental Federalism’ on Aggregate Air Quality in the United States: 1940 – 98” with Limin Lin, Economic Inquiry, Vol. 44, 2006.
  • “Inconsistency of HAC Standard Errors in Event Studies with IID Errors” with Justin Murfin, Applied Financial Economics Letters, Vol. 1, 2005.
  • "The Application of Size Robust Trend Statistics to Global Warming Temperature Series" with Tim Voglesang, Journal of Climate, Vol. 15, 2002.
  • "Forecasting with Stable Seasonal Pattern Models with an Application to Hawaiian Tourism Data," with Rong Chen, Journal of Business and Economic Statistics, Vol. 17, 1999.
  • "Threshold Cointegration," with Nathan Balke in International Economic Review, Vol. 38, 1997.

Distinctions/Honors/Awards

  • Senior Co-editor of Advances in Econometrics (Emerald Publishing) 1986 – present
  • Research Associate, Research Department of the Federal Reserve of Dallas, 1982 – Present
  • Director, Richard B. Johnson Center for Economic Studies, 2012 – present.
  • Rotunda Yearbook Outstanding Professor, 2010 – 2011.
  • Distinguished Lecturer, Godbey Lecture Series, Fall 2010.
  • M Award, Outstanding Service to the University, 2000.

Personal Website