David VanHoose

Professor of Economics & Herman W. Lay Professor of Private Enterprise - Economics

Contact Information

Email:	David_VanHoose@baylor.edu
Campus Phone:	(254) 710-6206
Fax:	(254) 710-6142
Mailing Address:	Baylor University, One Bear Place #98003 Waco, TX  76798-8003
Office Location:	Hankamer 339

Consulting

• Academic, Senior Research Fellow, Networks Financial Institute, Indianapolis, Indiana (April 2006 - Present)

Awards and Honors

• Hankamer School of Business Distinguished Professor Award, Baylor University Hankamer School of Business (April 23, 2008)

Professional Memberships

• American Economic Association
• Atlantic Economic Association
• Industrial Organization Society
• International Banking, Economics, and Finance Association
• Southern Economic Association
• Western Economic Association

Publications

Discipline-based Scholarship

The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation: Springer, January 2010.

"Two-Sided Bank Card Payment Networks and Public Policy," Lydian Payments Journal, Vol. 1, No. 1, (November 2009).

"Openness, Income-Tax Progressivity, and Inflation," Journal of Macroeconomics, Vol. 31, No. 3, (September 2009), pp. 485-491 (coauthors: Joseph P. Daniels).

"Trade Openness, Capital Mobility, and the Sacrifice Ratio," Open Economies Review, Vol. 20, No. 3, (September 2009), pp. 473-487 (coauthors: Joseph Daniels).

"Search Costs, Sticky Prices, and Markups," Applied Economics, (June 2009) (coauthors: Carl Gwin).

"Two-Sided Markets, Bank Card Payment Networks, and Public Policy," Networks Financial Institute Policy Brief No. 2009-PB-01, (January 2009).

"Policy Implications of Endogenous Sunk Fixed Costs in Banking: Has U.S. Antitrust Policy Been on the Wrong Track?," Networks Financial Institute Policy Brief No. 2008-PB-05, (December 2008).

"Disaggregate Evidence on Price Stickiness and Implications for Macro Models," Economic Inquiry, Vol. 46, No. 4, (October 2008), pp. 561-575 (coauthors: Carl Gwin).

"Alternative Measures of Marginal Cost and Inflation in Estimations of New Keynesian Inflation Dynamics," Journal of Macroeconomics, Vol. 30, No. 3, (September 2008), pp. 928-940 (coauthors: Carl R Gwin).

"Bank Capital Regulation, Economic Stability, and Monetary Policy: What Does the Academic Literature Tell Us?," Atlantic Economic Journal, Vol. 36, No. 1, (March 2008), pp. 1-14.

"Market Discipline and Supervisory Discretion in Banking: Reinforcing or Conflicting Pillars of Basel II?," Journal of Applied Finance, Vol. 17, No. Fall/Winter, (December 2007), pp. 105-118.

"Theories of Bank Behavior under Capital Regulation," Journal of Banking and Finance, Vol. 31, No. 12, (December 2007), pp. 3680-3697.

"Assessing Banks’ Costs of Complying with Basel II," Networks Financial Institute Policy Brief No. 2007-PB-10, No. PB, (September 2007), pp. 18 pages.

"The Euro and World Inflation," Oxford Economic Papers, Vol. 59, No. 2, (April 2007), pp. 171-193 (coauthors: George Selgin).

"Evaluating the Policy Implications of the Other Two Pillars of Basel II," Networks Financial Institute Policy Brief No. 2007-PB-08, No. Networks Financial Institute Policy Brief No. 2007-PB-08, (April 2007), pp. 15.

"Openness, Centralized Wage Bargaining, and Inflation," European Journal of Political Economy, Vol. 22, No. 4, (December 2006), pp. 969-988 (coauthors: Joseph P. Daniels and Farrokh Nourzad).

"Openness, the Sacrifice Ratio, and Inflation: Is There a Puzzle?," Journal of International Money and Finance, Vol. 25, No. 8, (December 2006), pp. 1336-1347 (coauthors: Joseph Daniels).

"Capital Regulation, Heterogeneous Monitoring Costs, and Aggregate Loan Quality," Journal of Banking and Finance, Vol. 30, No. 8, (August 2006), pp. 2235-2255 (coauthors: Kenneth Kopecky).

"Openness, Central Bank Independence, and the Sacrifice Ratio," Journal of Money, Credit, and Banking, Vol. 37, No. 2, (April 2005), pp. 371-379 (coauthors: Joseph Daniels and Farrokh Nourzad).

"Bank Capital Requirements and the Monetary Transmission Mechanism," Journal of Macroeconomics, Vol. 26, No. 3, (September 2004), pp. 443-464 (coauthors: Kenneth Kopecky).

"Recent Developments in Understanding the Demand for Money," Journal of Economics and Business, Vol. 56, No. 4, (July 2004), pp. 247-272 (coauthors: John V. Duca).

"The New Open Economy Macroeconomics: A Critical Appraisal," Open Economies Review, Vol. 15, No. 2, (April 2004), pp. 193-215.

"Currency Substitution, Seigniorage, and Currency Crises in Interdependent Economies," Journal of Economics and Business, Vol. 55, No. 3, (May 2003), pp. 221-232 (coauthors: Joseph P. Daniels).

"Asymmetric Wage Indexation," Atlantic Economic Journal, Vol. 30, No. 1, (March 2002), pp. 34-47 (coauthors: James P. Cover).

"The Rise of Goods-Market Competition and the Fall of Wage Contracting: Endogenous Wage Contracting in a Multisector Economy," Journal of Macroeconomics, Vol. 23, No. 1, (January 2001), pp. 29-Jan (coauthors: John V. Duca).

"Central Bank Policymaking in Competing Payment Systems," Atlantic Economic Journal, Vol. 28, No. 2, (June 2000), pp. 117-139.

"Has Greater Competition Restrained Inflation?," Southern Economic Journal, Vol. 66, No. 3, (January 2000), pp. 479-491 (coauthors: John V. Duca).

"The Nonstationarity of Money and Prices in Interdependent Economies," Review of International Economics, Vol. 7, No. 1, (February 1999), pp. 87-101 (coauthors: Joseph P. Daniels).

"Implications of Economic Interdependence for Endogenous Wage Indexation Decisions," Scandinavian Journal of Economics, Vol. 100, No. 4, (December 1998), pp. 693-710 (coauthors: Jay Bryson and Chih-huan Chen).

"Goods-Market Competition and Profit Sharing: A Multisector Macro Approach," Journal of Economics and Business, Vol. 50, No. 4, (November 1998), pp. 525-534 (coauthors: John V. Duca).

"The Rise of Goods-Market Competition and the Decline in Wage Indexation," Journal of Macroeconomics, Vol. 20, No. 3, (July 1998), pp. 579-598 (coauthors: John V. Duca).

Learning and Pedagogical Research

Money, Banking, and Financial Markets, 3rd edition, Cincinnati: South-Western, 2007 (coauthors: Roger LeRoy Miller). 2nd edition, 2004; 1st edition, 2001

International Monetary and Financial Economics, 3rd edition, Cincinnati: South-Western, 2005 (coauthors: Joseph P. Daniels). 2nd edition, 2002; 1st edition, 1999

Global Economic Issues and Policies, 1st edition, Cincinnati: South-Western, 2004 (coauthors: Joseph P. Daniels).

Macroeconomics: Theories, Policies, and International Applications, 3rd edition, Cincinnati: South-Western, 2004 (coauthors: Roger LeRoy Miller). 1st edition, 1998, 2nd edition, 2001

E-Commerce Economics, 1st edition, Cincinnati: South-Western, 2003.

Presentations and Proceedings

"Openness, Income Tax Progressivity, and Inflation," presented at the Seminar Presentation, Muncie, Indiana, January 2009.

Discipline-based Scholarship

"Interest on Bank Reserves and Optimal Sweeping," presented at the Finance Seminar, October 2008 (coauthors: Donald Dutkowsky).

""Price and Wage Stickiness, Inflation, and Profits"," presented at the Seminar Presentation, Milwaukee, Wisconsin, February 2008.

"Openness, Income-Tax Progressivity, and Inflation," presented at the Atlantic Economic Conference, Savannah, GA, October 2007.

"Bank Capital Regulation: Research Past and Present," presented at the School of Business, Indiana State University, Terre Haute, Indiana, October 2006.

"Endogenous Bank Equity and Monitoring with and without Capital Requirements," presented at the Missouri Economic Conference, Columbia, Missouri, April 2006 (coauthors: Kenneth Kopecky).

"Alternative Measures of Marginal Cost and Inflation in Estimations of New Keynesian Inflation Dynamics," presented at the Atlantic Economic Conference, New York, New York, October 2005 (coauthors: Carl Gwin).

"Disaggregate Evidence on U.S. Price Stickiness and Implications for Sticky-Price Macro Models," presented at the Missouri Economic Conference, Columbia, Missouri, April 2005 (coauthors: Carl Gwin).

"Openness, Union Coordination, and Inflation," presented at the Allied Social Sciences Meetings, San Diego, January 2004 (coauthors: Joseph Daniels and Farrokh Nourzad).

"Openness, the Sacrifice Ratio, and Inflation," presented at the Southern Economic Conference, San Antonio, November 2003 (coauthors: Joseph Daniels).

"Monetary Union and Endogenous Fiscal Policies with and without Fiscal Transfers," presented at the Atlantic Economic Conference, Washington, DC, October 2002 (coauthors: Joseph P. Daniels).

"Currency Unions and World Inflation," presented at the Allied Social Science Association Meetings, Atlanta, GA, January 2002 (coauthors: George Selgin).

"Competition, Contracts, and Inflation," presented at the Darden Graduate School of Management, University of Virginia, Charlottesville, VA, February 2000.

"Currency Substitution, Seigniorage, and Currency Crises in Interdependent Economies," presented at the Southern Economic Conference, New Orleans, LA, November 1999 (coauthors: Joseph P. Daniels).

"Central Bank Policymaking in Competing Payment Systems," presented at the Federal Reserve Bank of Chicago Payment Systems Research Workshop, Chicago, IL, June 1999.

"Competition, Wages, and Inflation," presented at the National Science Foundation, Arlington, VA, March 1999.

"Sweep Accounts, Reserve Management, and Interest-Rate Volatility," presented at the Claremont McKenna College, Claremont, CA, January 1999.

"Has Greater Competition Restrained Inflation?," presented at the Atlantic Economic Conference, Boston, MA, October 1998 (coauthors: John V. Duca).

"Sweep Accounts, Reserve Management, and Interest Rate Volatility," presented at the Aarhus Business School, Aarhus, Denmark, May 1998 (coauthors: David Humphrey).

"Implications of Economic Interdependence for Endogenous Wage Indexation Decisions," presented at the Department of Economics, University of Aarhus, Aarhus, Denmark, May 1998 (coauthors: Jay Bryson and Chih-huan Chen).