Dean Croushore
Department Chair, Economics
Rigsby Fellow in Economics
Professor of Economics
Dr. Dean Croushore is Professor of Economics and Rigsby Fellow at the University of Richmond. Dr. Croushore came to the University of Richmond in 2003 after 14 years at the Federal Reserve Bank of Philadelphia, where he was Vice President and Economist. The focus of his research in recent years has been on forecasting and on how data revisions affect monetary policy, forecasting, and macroeconomic research. Dr. Croushore’s publications include articles in many leading economics journals. He is author of M&B, published by Cengage, and co-author with Andrew B. Abel and Ben S. Bernanke of Macroeconomics, 7th edition, published by Pearson/Addison Wesley.
Selected Publications

Dean D. Croushore, M&B, Cengage, 2011, 432

Dean D. Croushore, Forecasting with Real-Time Data, Oxford Handbook of Forecasting, 2011, 247-267

Dean D. Croushore, Andrew B. Abel, Ben S. Bernanke, Macroeconomics, Addison Wesley, 2011, 639


“Comment on Forecast Rationality Tests Based on Multi-Horizon Bounds.” Journal of Business and Economic Statistics 30:1 (2012), pp. 17-20.

“Using Real-World Applications to Policy and Everyday Life To Teach Money and Banking.” Chapter 60 in: Gail M. Hoyt and KimMarie McGoldrick, eds., International Handbook on Teaching and Learning Economics (Northampton, Mass.: Edward Elgar, 2012), pp. 628-637.

“Forecasting with Real-Time Data Vintages.” Chapter 9 of Michael P. Clements and David Hendry, eds., Oxford Handbook of Economic Forecasting (Oxford, U.K.: Oxford University Press, 2011), pp. 247-267.

“Real-Time Forecasting.” In: Matthew Higgins, ed., Advances in Forecasting (Kalamazoo, Michigan: W.E. Upjohn Institute, 2011), pp. 7-24.

“Frontiers of Real-Time Data Analysis.” Journal of Economic Literature 49 (March 2011), pp. 72-100.

“An Evaluation of Inflation Forecasts from Surveys using Real-Time Data.” B.E. Journal of Macroeconomics: Contributions (volume 10, issue 1, article 10, 2010).

“Philadelphia Fed Forecasting Surveys: Their Value for Research.” Federal Reserve Bank of Philadelphia Business Review, Third Quarter 2010, pp. 1-11.

“Commentary on Estimating U.S. Output Growth with Vintage Data in a State-Space Framework.” Federal Reserve Bank of St. Louis Review 91 (July/August 2009), pp. 371-381.

“Forecasting with Real-Time Macroeconomic Data.” In: Graham Elliott, Clive W.J. Granger, and Allan Timmermann, eds., Handbook of Economic Forecasting (Amsterdam: North-Holland, 2006), pp. 961–982.

“Data Revisions and the Identification of Monetary Policy Shocks,” with Charles Evans (Federal Reserve Bank of Chicago).  Journal of Monetary Economics 53 (September 2006), pp. 1135–1160.

“Consumer Confidence Surveys: Can They Help Us Forecast Consumer Spending in Real Time?” Federal Reserve Bank of Philadelphia Business Review, Third Quarter 2006.

“Do Consumer Confidence Indexes Help Forecast Consumer Spending in Real Time?”  North American Journal of Economics and Finance, volume 16, number 3, December 2005, pp. 435-450.


A.B., Ohio University 1978
M.A., Ohio State University 1981
Ph.D., Ohio State University 1984
Contact Information
365 Queally
(804) 287-1961
(804) 289-8878 (Fax)
Areas of Expertise
Monetary Policy
Real-Time Data Analysis