March 2015


Dr. Kevin Blaine Grier



Office Address:           Department of Economics, 440 Cate I

                                        University of Oklahoma 

                                        729 Elm Ave.

                                        Norman OK 73019

                                        405 - 325 - 5842 (fax)



Home Address:           1015 Thistlewood Drive

                                        Norman OK 73072



Personal:                    Born May 7, 1958.

                                      Married to Robin M. Grier.

                                      Fluent in Spanish.


Education:                 B.A., Cedarville College (1979)


                                      M.A., Miami University (1980)


                                      Ph.D., Washington University (1984)



Academic Experience:


President's Associates Presidential Professor, University of Oklahoma, 2010 -

Professor of Economics, University of Oklahoma, 1999 -


             Visiting Professor of Political Science, Duke University, 2005 - 06


             Profesor de la Economía, Centro de Investigación y Docencia Económicas

             (CIDE) México D.F. 1997 - 1999


             Professor of Economics & Political Economy, Tulane University

             and Murphy Institute of Political Economy, 1994 - 1997


             Associate Professor of Economics, George Mason University, 1991 - 1994


             Research Associate, Center for Study of Public Choice, 1988 - 1994


             Assistant Professor of Economics, George Mason University, 1984 - 1991


             Visiting Assistant Professor of Economics & Political Science,

             California Institute of Technology, September 1987 - July 1988


 Awards and Honors:


Listed as one of the “Top 1000 Economists” both by publications and citations over the period 1990 - 2000 in a study sponsored by the European Economic Association.

See the following web site:



Included in Who's Who in Economics , (4th Edition, 2003) edited by Mark Blaug and published by Edward Elgar Press, which compiles information on

 "the 1,200 most frequently cited economists, in the years 1990-2000 using the Social Science Citation Index."

Winner of the Duncan Black prize for best paper, Public Choice, 2008.



Publications In Refereed Journals:


Political Fractionalization and Delay in Fiscal Stabilization: A Duration Analysis (w/ Haichun Ye and Shu Lin), Public Choice,forthcoming.

Exchange Rate Shocks and Trade: A Multivariate GARCH-M Approach (w/ Aaron Smallwood), Journal of International Money and Finance, vol. 37, 2013, 282-305.

Do High Interest Rates Deter Speculative Attacks? Evidence and Some Theory (w/ Shu Lin), Journal of International Money and Finance, 2010, 29(5): 938-950.

Elections, Exchange Rates & Reform in Latin America (w/ Rodolfo Cermeño and Robin Grier), Journal of Development Economics, 2010, 92(2): 166-174.

Speculative attacks and defenses as a war of attrition: Theory and an example (w/ Shu Lin), European Journal of Political Economy, 2009, 25(4): 540-546.

Trust and Development (w/ Jacob Dearmon), Journal of Economic Behavior and Organization, 2009, 71: 210-220.


Twin sons of different mothers: the long and short of the twin deficits debate (w/ Haichun Ye), Economic Inquiry, 2009, 47(4): 625-638.

Presidential Elections and Real GDP growth in the USA , Public Choice, 2008, 135, (3), 337-352.

Only Income Diverges: A Neoclassical Anomaly (with Robin Grier), Journal of Development Economics, 2007, 84(1): 25-45.



Uncertainty and Export Performance: Evidence from 18 Countries (with Aaron Smallwood), Journal of Money, Credit, & Banking, 2007, 39(4): 965-979.


External Influences on Economic Reform: Reform as a Regional Public Good (with Daniel Sutter) , European Journal of Political Economy, 2007, 23(3): 660-673.



On the Real Effects of Inflation and Inflation Uncertainty in Mexico, (with Robin Grier) Journal of Development Economics, 2006, 80: 478-500.



Inflation, Presidents, Fed Chairs and Regime Shifts in the US real interest rate, (with Tony Caporale) Journal of Money, Credit & Banking,December 2005; 37: 1153-1163.



How Smart is my Dummy? Time Series Tests for the Influence of Politics, (with Tony Caporale) Political Analysis, Winter 2005; 13: 77 - 94.



The Asymmetric Effects of Uncertainty on Inflation and Output Growth, (with Olan Henry, Nilss Olekalns, and Kalvinder Shields) Journal of Applied Econometrics. 2004, Volume 19, p.551-565.



The Real Exchange Rate Process and its Real Effects: The cases of Mexico and the USA (with Fausto Hernandez Trillo) Journal of Applied Economics, May 2004 p. 1-25.



Party, Incumbency and the Effects of Economic Fluctuations on House Elections, 1916-1996, (with Joe McGarrity) Public Choice, January 2002 p. 143 - 162.



Macroeconomic Indicators, Exchange Rate Regimes, Currency Depreciation and Stock Market Performance in the Crisis of 1997 (with Robin Grier), Economic Inquiry, January 2001 p.139-148.



Political Regime Change and the Real Interest Rate, (with Tony Caporale),Journal of Money, Credit & Banking, August 2000 p. 320-334.



            Political Cycles in Non-Traditional Settings, Theory and Evidence for Mexico, (with Robin Grier),Journal of Law and Economics, April 2000, 239-263.



The Effects of Uncertainty on Macroeconomic Performance: Bivariate GARCH Evidence, (with Mark Perry), Journal of Applied Econometrics, January-February 2000 p. 45-58.



A Political Model of Monetary Policy with Application to the Real Rate of Interest (with Tony Caporale), Journal of Law & Economics. October 1998, p. 409-428.



Inflation and Inflation Uncertainty in the G-7 Countries (w/ Mark Perry), Journal of International Money and Finance, 1998, 17(4): 671-689.



Inflación e Incertidumbre Inflacionaria en México, 1960 - 1997 (w/ Robin Grier), Trimestre Económico Julio - Septiembre 1998, p. 407-426.



The Effect of Macroeconomic Fluctuations on the Electoral Fortunes of House Incumbents, (with Joseph McGarrity), Journal of Law & Economics April 1998, p. 142-161.



El Papel de la Estrategia Cambiaria en el Comportamiento Económico de Países en Desarrollo: Evidencia para 1997.(with Robin Grier) Economía Mexicana, Winter 1998, p. 115-131.



Inflation, Inflation Uncertainty and Relative Price Dispersion: Evidence from Bivariate GARCH-M Models , Journal of Monetary Economics, October 1996, 38(2): 391-405.



Electoral Politics and the Executive Veto (with M. McDonald and R.D. Tollision), Economic Inquiry, July 1995, p.427-440.



The Determinants of Industry Political Activity, 1978-1986, (with M.C. Munger and B.Roberts), American Political Science Review, December 1994, p. 911 - 926.



The Rookie Draft and Competitive Balance: The Case of Professional Football (with Robert Tollison) , Journal of Economic Behavior and Organization, 1994, 25(3): 293-299.



The Effect of Money Shocks on Interest Rates in the Presence of Conditional Heteroskedasticity, (with Mark Perry), Journal of Finance, September 1993 p. 1445-55.



Comparing Interest Group PAC Contributions to House and Senate Incumbents, 1980 - 1986 (with Michael C. Munger), Journal of Politics, August 1993 p. 615-43.



On the (Mis)Measurement of Ideology and Legislator Shirking(with Brian Goff), Public Choice, June 1993 p. 5-20.



Ideology and Representation in American Politics, Public Choice, June 1993 p. 1-4.



Congressional Influence on U.S. Monetary Policy: An Empirical Test , Journal of Monetary Economics, October 1991, 28(2): 201-220.



The Industrial Organization of Corporate Political Participation, (with B. Roberts and M. Munger), Southern Economic Journal, January 1991 p. 727 - 738.



Committee Assignments, Constituent Preferences and Campaign Contributions to House Incumbents (with M.C. Munger), Economic Inquiry, January 1991 p. 24 - 43.



Arbitrage in a Basketball Economy, (with R.D. Tollison). Kyklos, 1990 Volume 43, #4 p. 611 - 624.



Allocation Patterns of PAC Monies: The Case of the U.S. Senate, (with M.C. Munger and G. Torrent), Public Choice November 1990, p 111-28.



An Empirical Analysis of Cross-National Economic Growth (with Gordon Tullock), , Journal of Monetary Economics, September 1989, 24(2): 259-276.



Campaign Spending and Senate Elections, 1978 - 1984, Public Choice December 1989, p. 201-19.



On the Existence of a Political Monetary Cycle, American Journal of Political Science, May 1989 p 376-89.



Presidential Politics and Federal Reserve Independence : an Empirical Test, Southern Economic Journal, October 1987 p 475-486.



Deficits, Politics and Money Growth (with Howard Neiman), Economic Inquiry, April 1987 p 201-14.



A Note on Unanticipated Money Growth and Interest Rate Surprises: Makin and Mishkin Revisited, Journal of Finance, September, 1986 p 981-85.



Monetary Policy as a Political Equilibrium, Cato Journal, Fall 1986, 6(2): 539-544.



The Impact of Legislator Attributes on Interest Group Campaign Contributions (with Michael Munger), , Journal of Labor Research, September 1986, 7(4): 349-361.



The Determinants of Local School Spending: Some Consistent Estimates (with Arthur Denzau), Public Choice, December 1984 p 375-83.



  Contributions to Books:


Conditional Heteroskedasticity and Cross-Sectional Dependence in Panel Data: An Empirical Study of Inflation Uncertainty in the G7 countries (with Rodolfo Cermeño) in

Panel Data Econometrics : Theoretical Contributions and Empirical Applications. Badi Baltagi, ed. Elsevier Press, 2006.


The Empirics of Economic Growth. in The Concise Encyclopedia of Economics. David Henderson ed. Liberty Fund Press, 2007.


Money. Chapter 14 of, The Elgar Companion of Public Choice. William Shughart, ed. Edward Elgar Publishing, 2001 p. 310 - 328.


Governments, Unions, and Economic Growth. Chapters 19 - 28 of Governments and Growth. Villy Bergstrom ed. Oxford University Press, 1997 p. 149-202.

Other Professional Activities:


             Co-Editor, Southern Economic Journal. 1997 – 2002

             Associate Editor, Public Choice. 1992 -- 1997 

             Editorial Board, Public Choice. 1997 – 2003

             Editorial Board, Southern Economic Journal. 2002 – 2007 

             Consejo Editorial, El Trimestre Economico 1998 –

             Consejo Editorial, Estudios Economicos 2005 --





Dissertation Committees:


I have been a member of over 30 PhD dissertation committees. A list of the students appears below. A * indicates dissertations where I was heavily involved either as Chair or as a primary advisor.



George Mason University


Wayne Gable

Arthur (Trey) Fleisher*

Lydia Ortega

Richard Grant

Karen Palesek

Michael (Mick) Miller

Fred Oerther*

Jose Cateriano*

Larry McQuillan

Mark Gallagher

David Zorn

Michelle Vachris

Emmanuel Njomo

Tony Caporale*

Michael McDonald*

Laura Thompson*

Mark Perry*

Robert Kourtides

Joseph McGarrity*

Mark Lynner*

Alexander Tabbarok

Barbara McKiernan*


Tulane University


Mark Davis

Guanghi Peng*

Rodrigo Navia*

Fan Zhou


University of Oklahoma


Salaheen Khan*

Rex Pjesky

Jeremy Oller

Shu Lin*

Xiujian Chen*

Haichun Ye*

Luisa Blanco              

Jacob Dearmon*

Xuebing Yang

Chi Wai Chang*

Norman Maynard*

Lord Andzie Quainoo

Beatriz Maldonado-Bird

Brian Piper*

Alex Ufier (in progress)

Ross Hallren* (in progress)

Trey Trosper (in progress)

Souleymane Soumahoro* (in progress)

James Schlaffer (in progress)

Weici Yuan* (in progress)