Headshot of Dean Croushore

Dean Croushore

Department Chair, Economics
Rigsby Fellow in Economics
Professor of Economics
Curriculum Vitae

  • Profile

    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, published by Pearson.

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    • Awards

      UR Distinguished Scholar Award, 2021

  • Selected Publications
    Books

    Macroeconomics with Andrew B. Abel and Ben S. Bernanke, published by Pearson

    M&B published by Cengage

    Journal Articles

    "The Personal Saving Rate: Data Revisions and Forecasts," with UR student Pedro Del Monaco Santos. Economics Letters, 219, October 2022.

    “Fifty Years of the Survey of Professional Forecasters,” with Tom Stark (FRB Philadelphia), Federal Reserve Bank of Philadelphia Economic Insights, 2019Q4, pp. 1-11.

    “Fiscal Surprises at the FOMC,” with Simon van Norden (HEC Montreal). International Journal of Forecasting, October-December 2019, 35(4), pp. 1583-1595.

    “Revisions to PCE Inflation Measures: Implications for Monetary Policy.” International Journal of Central Banking, October 2019, 15(4), pp. 241-265.

    “What Should We Teach in Intermediate Macroeconomics?” Journal of Economic Education, 2019, 50(3), pp. 265-268.

    “Teaching Courses in Macroeconomics and Monetary Policy with Bloomberg Analytics” with Hossein Kazemi (Stonehill College). Journal of Economic Education, 2019, 50(2), pp. 108-128.

    “Fiscal Forecasts at the FOMC: Evidence from the Greenbooks” with Simon van Norden (HEC Montreal). Review of Economics and Statistics, December 2018, 100(5), pp. 933-945.

    “Reassessing the Relative Power of the Yield Spread in Forecasting Recessions” with Katherine Marsten. Journal of Applied Econometrics 31:6 (Sept./Oct. 2016), pp. 1183-1191.

    “Teaching an Economics Capstone Course Based on Current Issues in Monetary Policy.” Eastern Economic Journal, 41 (Fall 2015), pp. 504-512.

    “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.

     

  • Links
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