About Us

Education:

• Ph.D., University of Utah, Labor Economics, Political Economy, 1989
• B.S., University of Utah, Emphasis in International Relations, 1980
   

Courses Taught:

• Modern Economics
• Principles of Macroeconomics
• Principles of Microeconomics
• Political Economy of Discrimination
• Labor Economics
• Intermediate Macroeconomics
• History of Economic Thought
• Statistical Methods for Economics and Business
• Senior Seminar

Research Interests:

• Determinants of Differences in Labor Market Outcomes
• The Evolution of Macroeconomic Analysis
• History of Economic Thought
• Philosophy and Economics

Publications:

• Unpublished Manuscript
  • Walker, J.R. and Tubre, Travis. (Revised 2024). Do Gender Differences in Beliefs Towards Winning, Risk-Taking, and Confidence Influence the Expected Occupational Choices of College Seniors in Business and Education?
• Articles in Journals
  • Walker, J.R. and Schultz, Brian L. (2016). Do Job Preferences Add to the Explanation of the Gender Earnings Gap in Self-Employment? The Case of St. Croix County, Wisconsin. The Journal of Economics (MVEA), 42 (1).
  • Walker, J. R. (2012). Legal Status and Differences in Work Flexibility among Self-Employed Women. Economics and Politics, 20 (1), 37-53.
  • Walker, J. R. (2009). Earnings, Effort, and Work Flexibility of Self-Employed Women and Men: The Case of Saint Croix County, Wisconsin. Journal of Labor Research, 30 (4), 269-88.
• Conference Presentations
  • Walker, J.R. and Tubre, Travis (2022).  Do Gender Differences in Beliefs Towards Winning, Risk-Taking, and Confidence Influence the Expected Occupational Choices of College Seniors? Missouri Valley Economic Association, Kansas City, Missouri.
  • Walker, J.R. and Tubre, Travis (2018).  The Influence of the Masculine Norms Risk-Taking and Winning on the Earnings Expectations of College Seniors.  Missouri Valley Economic Association, Memphis, Tennessee.
  • Walker, J.R. and Tubre, Travis (2017).  Conformity to Masculine Norms and Gender Differences in Earnings Expectations.  Missouri Valley Economic Association, Kansas City, Missouri.
  • Walker, J. R. & Barber, L. (2012). The Influence of the Great Recession on the Black-White Male Earnings Gap. Missouri Valley Economic Association (MVEA), Memphis, Tennessee.
  • Walker, J. R. (2012, April). Compensating Differences and the Earnings Gap between Self-Employed Women and Men in St. Croix County Wisconsin: A Preliminary Analysis. Western Social Sciences Association, Houston, Texas.
  • Walker, J. R. (2010, October). Legal Status and Differences in Work Flexibility Among Self-Employed Women: The Case of St. Croix County, Wisconsin. Missouri Valley Economic Association (MVEA), St. Louis, Missouri.
  • Walker, J. R. (2009, October). Do Baseball Players Who Dope Receive Compensating Differences for Health Risks? Missouri Valley Economic Association Meeting (MVEA), Kansas City, Kansas.
  • Walker, J. R. (2008, October). Does Work Flexibility Differ Among Self-Employed Women? The Case of St. Croix County Wisconsin. Missouri Valley Economic Association Annual Meetings, St. Louis, Missouri.

Education:

• Ph.D., Economics, University of Manitoba, Winnipeg, 2023
• M.Phil., Economics, Kwame Nkrumah University of Science and Technology, Kumasi, 2015

Education:

• Ph.D., University of Kansas, Lawrence, KS, Economics, 2007
• M.A., University of Kansas, Lawrence, KS, Economics, 2005
• B.S.B.A., Missouri Western State University, St. Joseph, MO, Economics, 2002

Courses Taught:

• ECON 201, Principles of Microeconomics, 2 courses
• ECON 202, Principles of Macroeconomics, 3 courses
• ECON 302, Intermediate Macro, 14 courses
• ECON 305, Money & Banking, 7 courses
• ECON 379, Internship, 2 courses
• ECON 426, Econometrics, 2 courses
• ECON 499, Independent Study, 2 courses
• ECON 730, Managerial Statistics, 8 courses
• MNGT 709, Statistics, 5 courses
• MNGT 789, ST: Management, 2 courses
   

Research Interests:

• Research in Progress
  • Implementing Monetary Policy: Were the Central Banks Correct in Abandoning the Monetary Aggregates? (Working Paper).
  • Before and after analysis: an application of structural break analysis (Working Paper).
  • The determination of economic damages in dairy litigation (Working Paper).
  • Monetary policy in a world where money (also) matters (Working Paper).

Professional Activities:

• Department Service
  • Committee Chair, Department Chair. (July 1, 2017 - Present).
• College Service
  • Committee Member, CBE Assurance of Learning Committee. (2014 - Present).
  • Committee Member, MBA Policy Committee. (2014 - Present).
  • Other Institutional Service Activities, Director, UWRF Center for Economic Research. (2010 - July 1, 2017).
  • Committee Member, CBE Deans Task Force. (2014).
  • Committee Chair, Graduet Committee. (2014).
  • Committee Member, Daytime MBA Graduet Sub-committee. (2011 - 2014).
  • Committee Member, Graduet Committee. (2011 - 2014).
  • Committee Member, Ad-hoc Committee for Online Teaching. (2011).
  • Committee Member, Curriculum Committee. (2010).
• University Service
  • Committee Member, Faculty Senate. (September 1, 2016 - Present).
  • Chairperson, Graduate Studies Curriculum Committee. (September 1, 2015 - Present).
  • Committee Member, University Curriculum Committee. (September 2015 - Present).
  • Committee Member, Graduate Studies Curriculum Committee. (September 1, 2012 - Present).
  • Committee Member, Strategic Choices Task Force. (July 2016 - July 2017).
  • Committee Member, Faculty Senate. (September 1, 2012 - May 31, 2015).
  • Chairperson, Graduate Studies Curriculum Committee. (September 1, 2012 - May 31, 2014).
  • Committee Member, St. Croix Valley Educational Collaborative. (2011).
  • Committee Member, University Web Committee. (2011).
• Professional Service
  • Editor, Associate Editor, Global Business & Economics Review. (2012).
  • Reviewer, Journal Article, Applied Economics. (2011).
  • Reviewer, Journal Article, Economic Modeling. (2011).
  • Reviewer, Journal Article, Economic Modeling. (2011).
  • Reviewer, Journal Article, Economics Bulletin. (2011).
• Public Service
  • Other Community Service Activities, Helped St. Croix County Develop Measurements of Quality of Governance, Hudson, Wisconsin. (2011 - 2012).
  • Other Community Service Activities, Momentum West Economic Dashboard. (2011 - 2012).
  • Other Community Service Activities, Provide support to the West Central WI Workforce Development Board, County Boards' Consortium, Workforce Resource Inc. Board, & Youth Council, Wisconsin. (2011 - 2012).
  • Other Community Service Activities, St. Croix Valley Economic Dashboard, Wisconsin. (2011 - 2012).
  • Other Community Service Activities, Interview in River Falls Journal: Examining employment: Local experts share insight, River Falls, Wisconsin. (January 2011).

Publications:

• Book Chapters
  • Kelly, L. J., Binner, J., Chang, C.-L., Tseng, Y.-H. (2014). Monetary Policy in Taiwan: the Implications of Liquidity. In D. Lee & G. N. Gregoriou (Eds.), Handbook of Asian Finance. Amsterdam: Elsevier Press.
• Refereed Journal Articles
  • Binner, J., Kelly, L. J., Swofford, J., Chaudhry, S. (in press). "Risky" Monetary Aggregates for the UK and US. Journal of International Money and Finance.
  • El-Shagi, M., Kelly, L. J. (in press). What can we learn from country level liquidity in the EMU. Journal of Financial Stability.
  • Keating, J. J., Kelly, L. J., Smith, A. L., Valcarcel, V. J. (2018). A model of monetary policy shocks for financial crises and normal conditions. Journal of Money Credit & Banking.
  • Tabesh, H., Poulose, C., Kelly, L. (2018). Herding Behavior in the Nairobi Securities Exchange. Journal of Applied Business & Economics, 20(3).
  • Binner, J. M., Kelly, L. J. (2017). Modeling Money Shocks in a Small Open Economy: The Case of Taiwan. The Manchester School, 85, 104--120. http://dx.doi.org/10.1111/manc.12179
  • El-Shagi, M., Kelly, L. J. (2017). For They Know Not What They Do: An Analysis of Monetary Policy During the Great Moderation. Applied Economic Letters, 24(10), 717-721. http://www.tandfonline.com/toc/rael20/current
  • El-Shagi, M., Giesen, S., Kelly, L. J. (2015). The Quantity Theory Revisited: A New Structural Approach. Macroeconomic Dynamics, 19(1), 58-78. http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=8961150&fulltextType=RA&fileId=S1365100513000217
  • El-Shagi, M., Kelly, L. J. (2014). Liquidity in the Liquidity Crisis: Evidence from Divisia Monetary Aggregates in Germany and the European Crisis Countries. Economics Bulletin, 34(1), 63. http://www.accessecon.com/Pubs/EB/2014/Volume34/EB-14-V34-I1-P7.pdf
  • Keating, J. W., Kelly, L. J., Valcarcel, V. J. (2014). Solving the price puzzle with an alternative indicator of monetary policy. Economics Letters, 124(2), 188-194. http://www.sciencedirect.com/science/article/pii/S0165176514001797
• Paper Presentations
  • Kelly, L. J. (Author & Presenter), Western Economics Association International Meetings, "Benchmarking Against Industry Data Over Time," Western Economics Association International, San Diego, CA USA. (June 2017).
  • Tabesh, H., Kelly, L. J. (Author & Presenter), Western Economics Association International Meetings, "Herding Behavior in the Nairobi Stock Exchange," Western Economics Association International, San Diego, CA USA. (June 2017).
  • Kelly, L. J. (Author & Presenter), Sienko, D. (Author), Western Economics Association International Meetings, "Before-and-after analysis: An application of structural break testing to the determination of economic damages," Western Economics Association International, Portland, OR USA. (July 1, 2016).
  • Kelly, L. J. (Author & Presenter), Binner, J. (Author & Presenter), Tepper, J. (Author & Presenter), The Society for Economic Measurement Annual Meetings, "Forecasting Macroeconomic Time SeriesA Comparison of Regime Switching and Recurrent Neural Network Methods," The Society for Economic Measurement & Organisation for Economic Co-operation and Development (OECD), Paris, France. (July 2015).
  • Kelly, L. J. (Author & Presenter), Sienko, D. (Author), Western Economics Association International Meetings, "The Determination of Economic Damages in Dairy Litigation," Western Economics Association International, Honolulu, HI USA. (July 1, 2015).
  • Kelly, L. J. (Author & Presenter), Keating, J. (Author), Valcarcel, V. (Author), Smith, L. (Author), Financial Stability Cluster Launch Meeting, "A model of monetary policy shocks for financial crises and normal conditions," University of Birmingham, Birmingham, UK. (March 2015).
  • Kelly, L. J. (Author & Presenter), Keating, J. (Author), Valcarcel, V. (Author), Smith, L. (Author), Henan University / INFER Workshop on Applied Macroeconomics, "A model of monetary policy shocks for financial crises and normal conditions," Henan University, Kaifeng, China. (March 2015).

Honors and Awards

• Outstanding Researcher Award, College of Business and Economics, University of Wisconsin-River Falls. (August 2018).
• Outstanding Adviser Award, College of Business and Economics, University of Wisconsin-River Falls. (August 2015).
• Outstanding Teacher Award, College of Business and Economics, University of Wisconsin-River Falls. (August 2015).
• Outstanding Researcher Award, College of Business and Economics, University of Wisconsin-River Falls. (August 2013).