RONALD J. BALVERS

Professor

Education:

Ph.D. University of Pittsburgh, Economics, 1984
B.A. Tilburg University, Economics, 1979

Current Position:

Professor of Economics

Selected Previous Positions:

Associate Professor, West Virginia University, 1991-1996.
Assistant Professor, University of Notre Dame, 1984-1991.
Classifier, Journal of Economic Literature, 1982-1983.
Teaching Assistant/Fellow, University of Pittsburgh, 1979-1984.

Research Interests:

Financial Economics
The Economics of Information and Uncertainty
Macroeconomic and Monetary Theory

Selected Recent Publications and Papers, 1990-Present:

Balvers, Ronald and Doug Mitchell. "Reducing the Dimensionality of Linear Quadratic Control Problems," forthcoming Journal of Economics Dynamics and Control.

Balvers, Ronald and Yangru Wu.“Momentum and Mean Reversion across National Equity Market,” forthcoming, Journal of Empirical Finance.

Balvers, Ronald and Arnab Acharya. “Time Preference and Life Cycle Consumption with Endogenous Survival,” Economic Inquiry, 42(4), 2004, pp. 667-678.

Balvers, Ronald and Jeffrey Bergstrand. 2002. Government expenditure and equilibrium real exchange rates. Journal of International Money and Finance, 21 (5): 667-692.

Balvers, Ronald and Jimmy Ran. 2000. Exchange rate fluctuations and the speed of trade price adjustment. Southern Economic Journal, 67 (1): 200-211.

Balvers, Ronald, Yangru Wu and Erik Gilliland. April 2000. Mean reversion across national stock markets and parametric contrarian investment strategies. Journal of Finance, 55 (2): 745-772.

Balvers, Ronald and Laszlo Szerb. April 2000. Precaution and liquidity in the demand for housing. Economic Inquiry, 38 (2): 289-303.

Balvers, Ronald and Douglas Mitchell. January 2000. Efficient gradualism in intertemporal portfolios. Journal of Economic Dynamics and Control, 24 (1): 21-38.

Balvers, Ronald and Jimmy Ran. November 1997. Price stickiness under menu and convex adjustment costs. Journal of Economic Research 2, (2): 269-278.

Balvers, Ronald and Douglas Mitchell. November 1997. Autocorrelated returns and optimal intertemporal portfolio choice. Management Science 43, (11): 1537-1551.

Balvers, Ronald and Jeffrey Bergstrand. June 1997. Equilibrium real exchange rates: closed-form theoretical solutions and some empirical evidence. Journal of International Money and Finance 16, (3): 345-366.

Balvers, Ronald. January 1997. Public capital expenditure in a dynamic macro model of monopolistic competition. Southern Economic Journal 63, (3): 620-634.

Balvers, Ronald and Laszlo Szerb. August 1996. Location in the hotelling duopoly model with demand uncertainty. European Economic Review 40, (7): 1453-1461.

Balvers, Ronald and Thomas Cosimano. October 1994. Inflation variability and gradualist monetary policy. Review of Economic Studies 61, (4): 721-738.

Balvers, Ronald and Norman Miller. December 1993. Profits under conditions of uncertainty. Australian Economic Papers 31, (2): 245-259.

Balvers, Ronald and Thomas Cosimano. September/November 1993. Periodic learning about a hidden state variable. Journal of Economic Dynamics and Control 17, (5-6): 805-827.

Balvers, Ronald, John Affleck-Graves, Robert Miller, and Kevin Scanlon. June 1993. The underpricing of initial public offerings: a theoretical and empirical reconsideration of the adverse selection hypothesis. Review of Quantitative Finance and Accounting 3, (2): 221-239.

Balvers, Ronald. August 1992. A Keynesian general equilibrium model with competitive firms and rational expectations. Zeitschrift fur Nationalokonomie 56, (1): 23-28.

Balvers, Ronald and Norman Miller. July 1992. Factor demand under conditions of product demand and supply uncertainty. Economic Inquiry 30: 544-555.

Balvers, Ronald and Thomas Cosimano. September 1990. Actively learning the demand curve and the dynamics of price adjustment. The Economic Journal 100, (3): 882-898.

Balvers, Ronald, Thomas Cosimano and Bill McDonald. September 1990. Predicting stock returns in an efficient market. Journal of Finance 45, (4): 1109-1128.

Balvers, Ronald. August 1990. Variability and the duration of search. International Economic Review 31, (3): 747-751.

Selected Scholarly Services and Honors:

Finalist Crowell Memorial Paper Award 2002. (Pan Agora Asset Management) for "Momentum and Mean Reversion Across National Equity Markets” (with Yangru Wu).
Outstanding Research Award, College of Business and Economics, West Virginia University, 1994-95.
Outstanding Teaching Award, College of Business and Economics, West Virginia University, 1993-94.
Referee for:
American Economic Review
Bulletin of Economic Research
Economic Inquiry
Economic Journal
Economica
European Economic Review
International Economic Review
Journal of Economic Research
Journal of Economics and Business
Journal of Economic Dynamics and Control
Journal of Finance
Journal of International Money and Finance
Journal of Money, Credit and Banking
Journal of Political Economy
National Science Foundation
Scandinavian Journal of Economics
Special Editor for Managerial Finance issue on Mean Reversion in Financial Markets, Volume 30 (1), 2004.

Ronald J. Balvers
Department of Economics
West Virginia University
P.O. Box 6025
Morgantown, WV 26506-6025
Voice: (304) 293-7880
Email: ronald.balvers@mail.wvu.edu

Back to the Economics Faculty page
Maintained by Barbara Michniak
Comments and Questions can be sent to barbara.michniak@mail.wvu.edu
Last Updated July 2003