Stephen J. Turnovsky

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Stephen J. Turnovsky (* 1941 ) is a New Zealand economist and professor at the University of Washington , where he holds the Castor Professorship in Economics . He is one of the most research-oriented economists in the world and has made important contributions in particular in the fields of international economics and macroeconomics .

education

Turnovsky first studied pure and applied mathematics and economics at Victoria University of Wellington (1959-1963), from which he received a BA in 1962 and an MA in 1963 . For his doctorate in economics, he moved to Harvard University in 1964 , which gave him a Ph.D. for his dissertation “ Consumer Behavior under Conditions of Uncertainty in Supply” .

Professional background

After completing his doctorate, Turnovsky took a position as Assistant Professor of Economics at the University of Pennsylvania before becoming Associate Professor of Economics at the University of Toronto in 1971 . In 1972 Turnovsky then moved to the Australian National University , where he worked as a professor for economics and was chairman of the department for economics several times. He then accepted an appointment at the University of Illinois in 1982 , where he became the IBE Distinguished Professor of Economics, before settling as a Professor of Economics at the University of Washington in 1988 and receiving the Castor Professorship in Economics in 1993. At the University of Washington, Turnovsky was repeatedly chairman of the department for economics and worked briefly as director of the Institute for Economic Research located there. Since 2010 he has also been an honorary professor at his alma mater .

Since 2002 Turnovsky has worked as a consulting editor for the Journal of Economic Dynamics and Control ; previous editorial activities included the International Economic Review , the Journal of Money, Credit and Banking , the Journal of Public Economics and the Journal of International Economics .

research

According to the economics publication database IDEAS, Stephen J. Turnovsky is one of the quantitatively strongest economists in the world and is currently ranked 29th in the overall IDEAS ranking. Turnovsky's most cited research paper is an article written in 1995 together with Walter Henry Fisher called “ The composition of government expenditure and its consequences for macroeconomic performance ”. In this article, Fisher and Turnovsky use an intertemporal optimization model to compare the effects of government consumption and infrastructure spending on macroeconomic adjustment and performance. Particular attention is paid to the time path of the share capital and how it adjusts for both permanent and temporary variations in government spending. The authors explain how the effects of both types of government expenditure on economic welfare can be divided into a direct crowding-out effect on the one hand and a second component, which describes intertemporal trade-offs between the short-term capital accumulation rate and the resulting change in share capital, on the other.

Memberships

Publications

Books

  • Taylor, LD, Stephen J. Turnovsky, TA Wilson (1973): The Inflationary Process in North American Manufacturing , Prices and Incomes Commission, Ottawa.
  • Turnovsky, Stephen J. (1977): Macroeconomic Analysis and Stabilization Policy , Cambridge University Press, Cambridge.
  • Turnovsky, Stephen J. (1990): International Macroeconomic Stabilization Policy , Basil Blackwell, Oxford.
  • Turnovsky, Stephen J. (1995): Methods of Macroeconomic Dynamics , MIT Press, Cambridge MA.
    • Turnovsky, Stephen J. (2000): Methods of Macroeconomic Dynamics , 2nd Edition, MIT Press, Cambridge MA.
  • Turnovsky, Stephen J. (1997): International Macroeconomic Dynamics , MIT Press.
  • Turnovsky, Stephen J. (2009): Capital Accumulation and Economic Growth in a Small Open Economy , Cambridge University Press.

Article (selection)

  • Fisher, Walter Henry, Stephen J. Turnovsky (1995): The composition of government expenditure and its consequences for macroeconomic performance. In: Journal of Economic Dynamics and Control, Vol. 19, No. 4, pp. 747-786.

Web links

Individual evidence

  1. ↑ http://viaf.org/viaf/233457912
  2. ↑ Stephen J. Turnovsky's profile on the University of Washington website
  3. ↑ Overall ranking of the economic publications database IDEAS (English)
  4. ↑ Stephen J. Turnovsky's author profile on IDEAS (English)
  5. ↑ Article profile of The composition of government expenditure and its consequences for macroeconomic performance on IDEAS (English)
personal data
SURNAME Turnovsky, Stephen J.
BRIEF DESCRIPTION New Zealand economist and university professor
DATE OF BIRTH 1941