Steve Holland

Profile | Curriculum Vitae

Professor (emeritus)

hollands@uw.edu
(425) 352-5232
UW2-339

Dr. Holland has taught at the University of Kentucky, the University of Michigan, the University of Colorado, and Texas State University and served as Economist for the Federal Reserve Bank of St. Louis.

He served as Director of the Business Program at UW Bothell from 2002-09. Previous administrative appointments include Vice President of the Economics Institute and Chair of the Department of Finance and Economics at Texas State University.

His primary teaching and research interest is financial economics and his publications dealing with inflation, interest rates, and real estate have appeared in such journals as American Economic Review; Journal of Business; Review of Economics and Statistics; Journal of Money, Credit, and Banking; Real Estate Economics; and Economic Inquiry.

EDUCATION
1979–83 Michigan State University, Ph.D., Economics
1975–76 Vanderbilt University, M.A., Economics
1972–75 University of South Carolina, B.S., Economics

TEACHING EXPERIENCE
Ph.D. level: Macroeconomic Theory, Advanced Macroeconomic Theory, Seminar in Macroeconomics, Seminar in Monetary Policy

MBA level: Global Macroeconomics, Macroeconomic Theory and Policy, Economics of Money and Credit, Business Conditions Analysis

Undergraduate level: Financial Markets and Institutions, Intermediate Macroeconomic Theory, Money and Banking, Business Conditions, Intermediate Microeconomic Theory, International Finance and Trade, Introduction to Macroeconomics, Principles of Economics

POSITIONS HELD
Administrative
2013-2014 Associate Dean, Graduate Programs
2002-2009 Director of the Business Administration Program
University of Washington, Bothell
1998–2002 Chair, Department of Finance and Economics,
Southwest Texas State University
1995–98 Acting Vice President, Academic Program (1995-96),
Chair, Department of Economics and Business (1997-98),
Economics Institute, Boulder, Colorado

Academic
2002–present Professor of Business Administration
University of Washington, Bothell
1998–2002 Professor, Department of Finance and Economics,
Southwest Texas State University (tenured 1998)
1994–98 Associate Professor, Economics Institute
Adjunct Associate Professor, Department of Economics,
University of Colorado-Boulder
1985–94 Associate Professor (1991-94) and Assistant Professor (1985-91), Department of Economics, University of Kentucky (tenured 1991)
1990–91 Visiting Assistant Professor, Department of Business Economics, University of Michigan
1983 Lecturer, Department of Economics, Michigan State University
1976–79 Instructor, Department of Economics, Pittsburg State University

RESEARCH/PUBLIC POLICY POSITION
1983–85 Economist, Federal Reserve Bank of St. Louis

PUBLICATIONS
“Duration of Poor Performance, Fund Flows, and Risk-shifting by Hedge Fund Managers,” with Hossein B. Kazemi and Ying Li, Global Finance Journal, forthcoming

“Market Closings and Concentration of Stock Trading: An Empirical Analysis,“ with P.V. Balakrishnan, James Miller, and Gowri Shankar, Applied Financial Economics, Vol. 23, No. 17, 2013.

“Efficiency in NFL Betting Markets: Modifying and Consolidating Research Methods,” with William Dare, Applied Economics, January 2004

“The Role of Uncertainty in Investment: An Examination of Competing Investment Models Using Commercial Real Estate Data,” with Steven Ott and Timothy Riddiough, Real Estate Economics, Volume 28, 2000

“Inflation and Uncertainty: Tests for Temporal Ordering,” Journal of Money, Credit, and Banking, August 1995

“Inflation and Wage Indexation in the Postwar United States,” Review of Economics and Statistics, February 1995

“Comment on ‘Inflation Regimes and the Sources of Inflation Uncertainty‘,” Journal of Money, Credit, and Banking, August 1993 (Part 2), Proceedings of the Federal Reserve Bank of Cleveland Conference on Inflation Uncertainty

“Uncertain Effects of Money and the Link between the Inflation Rate and Inflation Uncertainty,” Economic Inquiry, January 1993

“The Baby Boom and the Housing Market: Another Look at the Evidence,” Regional Science and Urban Economics, December 1991

“The Role of the Federal Reserve as ‘Lender of Last Resort’ and the Seasonal Fluctuation of Interest Rates,” with Mark Toma, Journal of Money, Credit, and Banking, November 1991

“Indexation and the Effect of Inflation Uncertainty on Real GNP,” Journal of Business, October 1988

“Indexation and the Effect of a Price-Level Shock on Relative Wage Variability,” with James Fackler, Review of Economics and Statistics, August 1988

“The Changing Responsiveness of Wages to Price-Level Shocks: Explicit and Implicit Indexation,” Economic Inquiry, April 1988

“Wage Indexation and the Effect of Inflation Uncertainty on Employment: An Empirical Analysis,” American Economic Review, March 1986

“Rational Expectations and the Effects of Monetary Policy: A Guide for the Uninitiated,” Federal Reserve Bank of St. Louis Review, May 1985. Reprinted in Cole, Don, ed., Macroeconomics 89/90, Dushkin, 1989

“Real Interest Rates: What Accounts for Their Recent Rise?” Federal Reserve Bank of St. Louis Review, December 1984. Reprinted in Wilcox, James A., ed., Current Readings on Money, Banking, and Financial Markets, Little, Brown, 1987

“The Impact of Inflation Uncertainty on the Labor Market,” Federal Reserve Bank of St. Louis Review, August/September 1984

“Has the Deregulation of Deposit Interest Rates Raised Mortgage Rates?” with R. Alton Gilbert, Federal Reserve Bank of St. Louis Review, May 1984

“Does Higher Inflation Lead to More Uncertain Inflation?” Federal Reserve Bank of St. Louis Review, February 1984

Contact Information

hollands@uw.edu
(425) 352-5232
UW2-339