Nathan Balke

Professor Department: Economics

Phone: 214-768-2693 E-mail: nbalke@smu.edu

Education

Ph.D., Northwestern University

Research/Teaching Interests

Selected Publications

• "Threshold Cointegration,"  International Economic Review, 627-646, 1997.
• "Large Shocks, Small Shocks, and Economic Fluctuations: Outliers in Macroeconomic Time Series,"  Journal of Applied Econometrics, 181-200, 1994
• “What Drives Stock Prices? Identifying the Determinants of Stock Price Movements” Southern Economic Journal, 74 (1), 55-71
• Low Frequency Movements in Stock Prices: A State Space Decomposition Review of Economics and Statistics, 84(4), 649-667, 2002.
• "An Equilibrium Analysis of Relative Price Changes and Aggregate Inflation," Journal of Monetary Economics, 45(2), 269-292, 2000.
• "Nonlinear Dynamics and Covered Interest Rate Parity,"  Empirical Economics, 23 (4), 535-559, 1998.
• “Market Fundamentals vs Rational Bubbles in Stock Prices: A Bayesian Analysis” Journal of Applied Econometrics, 24 (1), 35-75, 2009.
• “Credit and Economics Activity: Credit Regimes and Nonlinear Propagation of Shocks,  Review of Economics and Statistics, 344-349, 2000.
• “The Relative Price Effects of Monetary Shocks,” Journal of Macroeconomics, 29 (1), 19-36, 2007.
• “Oil Price Shocks and the U.S. Economy: Where Does the Asymmetry Originate?”  Energy Journal, 23(3), 27-52, 2002.
• “How Well Does the Beige Book Reflect Economic Activity? Evaluating Qualitative Information Quantitatively,” Journal of Money, Credit and Banking, 34 (1), 114-136, 2002.
• "Are Deep Recessions Followed by Strong Recoveries? Results for the G-7 Countries,"  Applied Economics, 28(7), 889-897, 1996.
• "Recessions and Recoveries in Real Business Cycle Models,"  Economic Inquiry, 33 (4), 640-663, 1995.
• "The Algebra of Price Stability,"  Journal of Macroeconomics, 16(1), 77-97, 1994.