Ana Mar a Herrera

Department of Economics

Wayne State University

*** * *****, **** ***

Detroit, MI 48202

313-***-****

e-mail: abqe2r@r.postjobfree.com

ACADEMIC POSITIONS HELD

Wayne State University, Associate Professor, August 2008 to present.

Michigan State University, Assistant Professor, August 2000 – July 2008.

Harvard University, Repsol YPF-Harvard Kennedy School Fellow, 2005-2006.

University of Virginia, Visiting Acting Assistant Professor, August 1999 - July 2000.

Universidad de los Andes, Bogot - Colombia, Lecturer, 1993-1994.

ACADEMIC BACKGROUND

Ph. D. in Economics, University of California, San Diego, 2000.

M. A. in Economics, Universidad de los Andes, Bogot, Colombia, 1994.

B. A. in Economics, Universidad de los Andes, Bogot, Colombia, 1991.

PUBLICATIONS

Why are Gasoline Prices Sticky? A Test of Alternative Models of Price Adjustment (with Christopher Douglas), forthcoming Journal of Applied Econometrics

‘’" (with Elena Pesavento), Macroeconomic Dynamics, Vol. 13, No. 1, 107-137, February 2009.

The Comovement in Inventories and in Sales: Higher and Higher (with Irina Murtazashvili and Elena Pesavento), Economic Letters, Vol. 99, No.1, 155-158, April 2008.

"Informed Finance and Technological Change: Evidence from Credit Relationships" (with Raoul Minetti), Journal of Financial Economics, Vol.83, No.1, 223-269, January 2007.

"The Decline in U.S. Output Volatility: Structural Changes and Inventory Investment" (with Elena Pesavento), Journal of Business & Economic Statistics, Vol.23, No.4, 462-472, October 2005.

"Why So Small? Explaining the Size of Firms in Latin America" (with Eduardo Lora), The World Economy, Vol.28, No.7, 1005-1028, July 2005.

Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy (with James D. Hamilton), Journal of Money, Credit, and Banking, Vol.36, No.2, 265-286, April 2004.

WORK IN PROGRESS AND/OR SUBMITTED

(with Robert de Jong), revised and resubmitted to the Journal of Business & Economics Statistics

(with Marek Kolar and Raoul Minetti), revised and resubmitted to Journal of Monetary Economics, revision requested Journal of Economic Dynamics and Control

Testing for the Cartel in OPEC: Noncooperative Collusion or Just Noncooperative? (with Pedro Almoguera), previously circulated under the title A Study of OPEC Cartel Stability, under review

(with Lebohang Lijane and Peter Rodriguez), under review.

Dynamic Pricing and Asymmetries in Retail Gasoline Markets: What Do They Tell Us About Price Stickiness? (with Christopher Douglas), under review.

A Dynamic Model of Central Bank Intervention: Evidence from Turkey (with Pinar zbay)

Predicting U.S. Recessions Using an Autoregressive Conditional Binomial Model

Other Articles, Books and Book Chapters

Tax Incidence in Colombia: A General Equilibrium Analysis (with Eduardo Lora) in Fiscal Reform, Stabilization and Structural Adjustment in Developing Countries (Guillermo Perry, John Whalley and Gary McMahon, eds.), St. Martin’s Press, New York, 2000, 18 - 50.

Fiscal Reform, Stabilization and Structural Adjustment in Colombia (with Guillermo Perry) in Fiscal Reform, Stabilization and Structural Adjustment in Developing Countries (Guillermo Perry, John Whalley and Gary McMahon, eds.), St. Martin’s Press, New York, 2000, 51- 91.

Ingresos Rurales y Evoluci n Macroecon mica (with Eduardo Lora) in Competitividad sin Pobreza: Estudios para el Desarrollo del Campo en Colombia, (Clara Gonz lez y Carlos Felipe Jaramillo, eds.), D.N.P.-World Bank, Bogot, Colombia, 1994, 31-54.

Public Finance, Stabilization and Structural Reform in Latin America (with Guillermo Perry) Inter-American Development Bank, Washington, D.C., 1994.

PRESENTATIONS AT ACADEMIC AND POLICY INSTITUTIONS

Why are Gasoline Prices Sticky? A Test of Alternative Models of Price Adjustment: Harvard’s John F. Kennedy School of Government, February 2006; Federal Reserve Bank of Atlanta, April 2007, Emory University, April 2007; North American Summer Meetings of the Econometric Society, June 2007; University of Michigan, September 2007.

Oil Price Shocks and Macroeconomic Behavior: The Role of Inventories : Harvard’s John F. Kennedy School of Government, October 2005; Central Bank of the Republic of Turkey, March 2006; Drexel University, April 2006.

Oil Price Shocks, Systematic Monetary Policy and the ‘Great Moderation’, Federal Reserve Bank of Dallas, April 2005; Central Bank of the Republic of Turkey, March 2006; EC2 Conference Econometrics of Monetary Policy and Financial Decision Making, December 2006.

Dynamic Censored Regression Model and the Open Market Desk Reaction Function : Ohio State University, June 2004; Western Michigan University, March 2005); European University Institute, March 2006; EC2 Conference Econometrics of Monetary Policy and Financial Decision Making, December 2006.

Dynamic Pricing and Asymmetries in Retail Gasoline Markets : Harvard’s John F. Kennedy School of Government, February 2006.

Predicting U.S. Recession with an Autoregressive Conditional Binomial Model : Federal Reserve Bank of St. Louis, September 2003; Purdue University, February 2004.

The Decline in U.S. Output Volatility: Structural Changes and Inventory Investment : Wayne State University, March 2003; Universit de Montr al, April 2003.

Oil Shocks and Aggregate Economic Behavior: The Role of Monetary Policy : University of Kentucky, 2001; Indiana University, 2001; Federal Reserve Bank of Dallas, 2001; Emory University, 2001.

Inventories, Oil Shocks and Macroeconomic Behavior : University of Virginia, 1999; Iowa State University, 1999; New York University, 1999; Federal Reserve Bank of New York, 1999; SUNY-Albany, 1999.

CONFERENCE PRESENTATIONS

Why are Gasoline Prices Sticky? A Test of Alternative Models of Price Adjustment : Society for Nonlinear Dynamics and Econometrics, Paris, March 2007; Time Series Econometrics with Applications to Macroeconomics and Finance – St. Louis Fed, August 2007; Latin American Meetings of the Econometric Society, October 2007.

Oil Price Shocks, Systematic Monetary Policy and the ‘Great Moderation’ : EC2 Conference – Econometrics of Monetary Policy and Financial Decision Making, Rotterdam, December 2006.

Oil Price Shocks and Macroeconomic Behavior: The Role of Inventories : Southern Economics Association Meetings, Washington D.C., November 2005; Midwest Macroeconomics Meetings, St. Louis, May 2006; Canadian Economics Association Meetings, Montr al, May 2006; North American Summer Meetings of the Econometric Society, Minnesota, June 2006; Latin American Econometric Society Meeting, Mexico, November 2006; Second Forecasting Conference at Duke - Empirical Econometric Methods applied to Business Cycles and Forecasting: Comparisons between the U.S. and Europe, March 2007.

Dynamic Pricing and Asymmetries in Retail Gasoline Markets : International Industrial Organization Conference, April 2006 (presented by co-author Chris Douglas).

Dynamic Censored Regression Model and the Open Market Desk Reaction Function : Western Economic Association Meetings, Vancouver, July 2004; Midwest Econometrics Group, Chicago, October 2004; American Economic Association, Philadelphia, January 2005, EC2 Conference – Econometrics of Monetary Policy and Financial Decision Making, Rotterdam, December 2006.

The Decline in U.S. Output Volatility: Structural Changes and Inventory Investment : Canadian Economic Association Meetings, Calgary, July 2002; American Economic Association Meetings, San Diego, January 2004.

Oil Shocks and Aggregate Economic Behavior: The Role of Monetary Policy : Australasian Econometric Society Meetings, Auckland, July 2001; Midwest Economic Association Meetings, Cleveland, October 2001; American Economic Association Meetings, Atlanta, January 2002.

Obstacles to Business Development and the Size of the Firms in Latin America : Latin American and Caribbean Economics Association, Madrid, September 2002.

Inventories, Oil Shocks and Macroeconomic Behavior : Western Economic Association Meetings, Vancouver, July 2000; Southern Economic Association Meetings, New Orleans, November 2000.

THESIS SUPERVISION (First position in italics)

Dissertation Chair or Co-Chair

Almoguera, Pedro – Federal Communications Commission

Douglas, Christopher – University of Michigan at Flint

Kolar, Marek – Delta College

Lijane, Lebohang – The World Bank

Dissertation Committee Member

Corrigan, Paul – Bank of Canada

Dong, Bei (Accounting) – University of South Florida

Kim, Donggeoun

Lee, Yen-Jung (Accounting) – Georgia State University

Loudermilk, Margaret – University of Illinois at Chicago

Lu, Jing-I – Yuan-Ze University

Luca, Alina – Drexel University

Murtazashvili, Irina – University of Pittsburgh

zbay, Pinar – Central Bank of Turkey

Sepulveda, Facundo – Australian National University, RSSS

Song, Jeongseok - Korean Economic Research Institute

Talay, Mehmet Berk (Marketing)

Wang, Li (Statistics) – University of Georgia

TEACHING EXPERIENCE

Graduate: Advanced Macroeconomics, Problems in Monetary Theory and Policy, Applied Econometrics.

Undergraduate: Intermediate Macroeconomics, Honors Macroeconomics and Public Policy, Advanced Macroeconomics.

HONORS

Repsol YPF – Harvard Kennedy School Fellowship, 2005-2006.

NSF Grant 0003840: Collaborative Research: Inventories, Oil Shocks and Macroeconomic Dynamics, 1999-2001. Co-PI: James D. Hamilton, University of California San Diego.

Central Bank of Colombia Scholarship, Bogot, Colombia, 1994 – 1996 (awarded to five economists per year).

Department of Economics Scholarship, Universidad de los Andes, Bogot, Colombia, 1990 – 1991.

Dean’s List (First in class), Universidad de los Andes, Bogot, Colombia.

OTHER PROFESSIONAL ACTIVITIES

Journal Referee: American Economic Review, Journal of Business & Economic Statistics, Review of Economic Studies, Review of Economics and Statistics, Journal of the European Economic Association, Journal of Money Credit and Banking, Journal of Econometrics, Journal of Applied Econometrics, Economic Inquiry, Journal of Macroeconomics, Journal of Development Economics, Economic Development and Cultural Change, Review of Development Economics, The Energy Journal, Energy Economics, Journal of Empirical Finance, Empirical Economics, The Journal of Economic Education, International Tax and Public Finance.

Advisory Board: Ensayos sobre Pol tica Econ mica

Consultant: Inter-American Development Bank, April-October, 1992; June-August, 2000; January-February, 2002.

Researcher: Fedesarrollo, Bogot, Colombia, 1992 - 1994.

MEMBERSHIPS

American Economic Association, Econometric Society, Latin American and Caribbean Economic Association

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