Curriculum Vitae

RUSSELL P. CHUDEREWICZ

ADDRESS: 506 Kern Graduate Building PHONE: Office 814-863-2156

University Park, PA 16801

Email rxc122@psu.edu

BIRTHDATE: May 2, 1958 CITIZENSHIP: United States

EDUCATION: Ph.D. Economics, December 1997; Penn State University, University Park, PA (GPA 3.93).

Master of Arts in Applied Economics, May 1990; University of Central Florida, Orlando, FL.

B.S. May 1980; Economics, Slippery Rock University, Slippery Rock, PA.

THESIS: "Essays on Evolving Monetary Regimes and Their Effect on the Fisher Relation and Uncovered Interest Rate Parity"

Advisor: Professor Raymond E. Lombra

AREAS OF CONCENTRATION:

Primary: Monetary Theory and Policy, Macroeconomics, Time Series Econometrics

Secondary: International Economics, Environmental Economics, Microeconomics

PROFESSIONAL EXPERIENCE:

Senior Lecturer

Penn State University, July 2003 – present

Money and Banking, Fall 2003

Principles of Macroeconomics, Fall 2003

Lecturer:

Florida International University, August 2000 – June 2003

Applied Macroeconomics, Fall 2000, Spring 2001, Fall 2001, Spring 2002

Principles of Macroeconomics, Fall 2000, Spring 2001, Fall 2001, Spring 2002

Assistant Professor:

Texas Tech University, September 1997 – May 2000.

Advanced Monetary Theory II (grad), Spring 2000

Advanced Monetary Theory I (grad) , Spring 1998, Fall 1999

Intermediate Macroeconomics, Fall 1997, Spring and Fall 1998

Price and Income Theory (MBA course), Summer 1998 through Spring 2000

Principles of Macroeconomics, Summer 1998

Seton Hill College, January 1995 - August 1996

International Business, Math for Managerial Science, Principles of Microeconomics, Principles of Macroeconomics, Entrepreneurship, Spring 1996

Developmental Economics, Math for Managerial Sciences, Principles of Microeconomics, Fall 1995

International Economics, Principles of Macroeconomics, Principles of Microeconomics, Entrepreneurship, Spring 1995.

Instructor

Pennsylvania State University

Money and Banking, Fall 1996; Principles of Microeconomics, Spring 1997

Intermediate Macroeconomics, Summer, Fall 1994

Environmental Economics, Spring 1994

Principles of Macroeconomics, Summer 1993

Environmental Economics ( Department of Independent Learning), 1992-1995

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University of Central Florida

Principles of Macroeconomics, Fall, Spring, Summer 1989 - 1990

Principles of Microeconomics, Spring, Summer, 1990

Teaching Assistant

Pennsylvania State University

Environmental Economics, Spring semester 1991, Spring semester 1993

Principles of Macroeconomics, Fall semester 1991, Fall semester 1992

Principles of Microeconomics, Spring semester 1992

Economics of the Public Sector, Fall semester 1990

University of Central Florida

Graduate Microeconomics, Fall semester 1988

Research Assistant

Pennsylvania State University

Professor Raymond E. Lombra, Fall semester 1993

University of Central Florida

Professor Warren W. McHone, Fall semester 1987, Spring semester 1988

Economist

United States Navy, Naval Training Systems Center

Orlando, Florida, January 1989 - August 1989

Coordinator of Business Statistics Laboratory

Tutored students in the Business Statistics (core) Course and coordinated the laboratory in terms of scheduling hours and recruitment of other tutors (1979-1980).

AWARDS

Outstanding Professor Award, Fall 1999. Award initiated by the college of business administration to acknowledge the professor that has had the most positive impact on MBA students according to exit surveys.

Outstanding Instructor in the College of Arts and Sciences, the Texas Gamma Chapter of Pi Beta Phi, Texas Tech University, Fall 1998.

Annual Teacher Appreciation Award, The Brothers of Phi Gamma Delta and The Sisters of Zeta Tau Alpha, Texas Tech University, Spring 1998.

Graduate Assistant Award for Outstanding Teaching Assistant, Environmental Economics - PSU, Spring 1993.

Member - Beta Gamma Sigma (1989) - National Honor Society for Business Students

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SERVICE TO THE COLLEGE/COMMUNITY – TEXAS TECH UNIVERSITY- 8/97 – 5/00

Deputy Econometrician and Research Associate: Center for the Study of Regional Economic and Industrial Development, Texas Tech University (Spring 1998 – May 2000).

Speaking engagements to the following groups:

· Commercial Board of Realtors, ‘Impact of Asian Crisis’

· Board of (residential) Realtors

· Texas Red Raider Investment Club – discussed financial markets

· West Texas Homebuilders Association – ‘What Happened in East Asia and how does it affect us in West Texas’?

· Lubbock Professional Investors Club – Discussed financial markets.

· Russian Diplomats sponsored by the Lubbock Rotary Club – Discussed how the US economy, via the free market principle, works in terms of the capitalistic/competitive environment in which we live.

Radio Appearances:

· Conversation Starters: KFYO – 790 AM – weekly program, discussed the US economy, the European Union, Asian Crisis, Trade deficits, Stock Market, etc., May 1998.

· Guest on 950 AM talk radio – (Dec. 1999) discussed the World Trade Organization meetings and China’s possible entry into the WTO.

TV Appearances:

· Regular panelist/financial analyst on ‘ViewPoint’, a local PBS program that airs weekly. Topics include financial markets, the US and International economies, and Monetary Policy (well over twenty appearances).

· 6:00 PM News on Channel 13 (local CBS affiliate) discussing the rise in gasoline prices.

· 6:00 pm News on Channel 13 (local CBS affiliate) discussing campaign finance reform.

Frequent contact with local newspaper and radio media.

Member of Graduate Committee for the Department (Fall 1999 –Spring 2000)

Coordinator for the department’s brown bag seminar series (1998 - 1999, 1999 - 2000).

Designed a new departmental course in Time Series Econometrics (Grad.) – Fall 1998

Volunteered for a study on Personal Immediacy in the Classroom, Department of Mass Communications, Texas Tech University, Fall 1997.

Member of the NCAA self study ‘commitment to equity’ sub committee.

Worked with Tom Rohrig, Texas Tech Library to secure data CD subscription from the International Financial Statistics. I also lobbied on behalf of department to secure JSTOR, a service that offers electronic downloads of articles from 11 economics journals.

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SERVICE TO THE COLLEGE/COMMUNITY– FLORIDA INTERNATIONAL UNIVERSITY–8/00 – PRESENT

TV Appearances:

· Appeared on Channel 33 (UPN); 10 o’clock new discussing the impact of the internet on retail sales (Fall 2001).

· Appeared on the Sunday Morning News Program, WFOR (local CBS affiliate). Discussed what happened to the US economy in the past year – how the economy went from goldilocks to the three bears. (Spring 2001).

· Appeared on The Financial News Network (Fall 2000) discussing the most recent unemployment report, outlook for oil prices, and the future outlook for the US economy.

Radio Appearances:

· Voice of America (December 2001). Discussed the impact of September 11 on the Florida and South Florida economies. Also discussed the direct impact on tourism and the dependence of the South Florida economy on tourism.

· News radio 610 (September 2001). Discussed the impact of 9/11 on the local, state, and US economies and discussed the issues involved in freezing foreign assets.

Newspaper Print

· Miami Herald (September 2001) Discussed the impact of the 9/11 attacks on the local, State, and US economies.

· Miami Today – a weekly business magazine. Discussed the budgetary outlook for Miami – Dade county officials and the prospective bond issuance.

· El Nuevo Herald (September 2001). Discussed the impact of the 9/11 events on the local, State, and US economy. I also discussed the outlook for dealing with these impacts regarding local, state, and US government officials.

· Discussed the impact and outlook for the real estate market for Miami- Dade County. The interview also contained my forecast for mortgage rates and appeared in the monthly publication produced by The Construction Association for South Florida (September 2001).

· Discussed the current state and future outlook for the US and local economies with Tiempos Del Mundo, a weekly publication that circulates in New York City, Washington DC, and Miami. I was also invited to discuss the current situation in Argentina and the rest of Latin America for the paper’s hemispheric edition (November 2001)

Columnist

· Hired by Tiempos Del Mundo to write monthly columns on the Florida and South Florida Economies and a separate column on the state of the Economies in Latin America for the Hemispheric Edition that is published in Washington D.C., New York City, Miami, and fifteen capitals across Latin America.

Public Presentations

· Panelist at the Northeast Miami-Dade Coalition – discussed the impact of 9/11 on the local and US economies. In the discussion, I discussed a broad range of policy implications and my outlook for the local, State, and US economies.

· Presented “ Economic Impact of September 11 on the US and Florida Economies” at the Faculty Lunchtime Symposium Series sponsored by the Jack D. Gordon Institute for Public Policy and Citizenship Studies (October 2001)

Economic Advisor

· Appointed by Governor Jeb Bush as a member of the Governor’s Council of Economic Advisors on 12/19/2001

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OTHER SERVICE AT FLORIDA INTERNATIONAL UNIVERSITY

· Member of the undergraduate committee – the committee evaluates and trains teaching assistants and is in charge of promoting economics as an undergraduate major/minor.

· Undergraduate advisor for economic majors and minors.

· Webmaster for the economic department’s home page.

· Faculty Mentor for the office of residential housing.

· Chair of the DM Building Committee

PARTICIPATION IN ACADEMIC MEETINGS

“Out-of-sample Forecasting Performance: How Relevant is it for Econometric Models of Aggregate Economic Activity?” (Jointly with Dimitrios Thomakos) Presented at the International Symposium of Forecasting 2001, June 17-21, 2001, Callaway Gardens, Georgia

“Using Interest Rate Uncertainty to Predict the Paper-Bill Spread and Real Output” Missouri Valley Economic Conference Meeting, 2000.

Attended “Financial Markets, Wealth and the Economy: Implications for Monetary Policy,” Conference at the Federal Reserve Bank of Dallas, November (1999).

“Central Bank Behavior and the Instability of the Short Run Fisher Effect: Is There a Relationship?”, Southwestern Economics Association Meeting, 1999.

“Using the Behavior of Short Term Interest Rates to Explain the Anomaly in Uncovered Interest Rate Parity”, Southwestern Economics Association Meeting, 1998.

Member of the Budget and Finance Committee, Southwestern Economics Association, 1999.

"The Evolution of Monetary Regimes and the Anomalies in the Foreign Exchange Market: Is There a Relationship?", Southern Economic Association Meeting 1994

"The Evolution of Monetary Regimes and the Instability of the Short Run Fisher Effect: Is There a Relationship?", Southern Economic Association Meeting 1993

Chair and Discussant - Southern Economic Association Meeting 1994

PARTICIPATION IN NON-ACADEMIC MEETINGS

Florida’s Annual Economic Summit Meeting; participated as an advisor to Governor Jeb Bush, Tallahassee, FL, December 2001

Council of Economic Advisor Meeting, Orlando FL, February, 2002

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RUSSELL P. CHUDEREWICZ

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PUBLICATIONS / SUBMISSIONS

“Using Interest Rate Uncertainty to Predict the Paper-Bill Spread and Real Output,” forthcoming, Journal of Economics and Business, Spring 2002.

“Why Uncovered Interest Rate Parity Holds in Turkey,” under review, Applied Economics.

“Central Bank Behavior and the Instability of the Short Run Fisher Effect: Is There a Relationship?” Under review, Journal of Policy Modeling.

WORKING PAPERS

“Out-of-sample Forecasting Performance: How Relevant is it for Econometric Models of Aggregate Economic Activity?” Jointly with Dimitrios Thomakis, assistant professor of economics, Florida International University.

“The Impact of News on the Short-Run Volatility of Equity and Foreign Exchange Markets.” Jointly with Tao Wang and Dimitrios Thomakos, assistant professor of economics, Florida International University.

“The Liquidity Premium in the Paper – Bill Spread During the Credit Crunch of 1998”

“Using Time - Varying Parameter Techniques to Explain the Fragility in Uncovered Interest Rate Parity,”

OTHER PUBLICATIONS

“The Current and Future Outlook for the US Economy,” Council of Economic Advisor Website, February, 2002

“Summary of Greenspan’s Speech on the Health of the US Economy,” Council of Economic Advisor Website, January, 2002

“The Outlook for the South Florida Economy,” Tiempos del Mundo, November 2001

REFERENCES

Raymond E. Lombra, Professor of Economics and Associate Dean for Research, Graduate Studies & College Advancement, Penn State University, 116 Sparks Building, University Park, PA 16802. 814-865-9555; rl3@psu.edu

Robert J. Lemke, Assistant Professor of Economics, Lake Forest College, Department of Economics and Business, Lake Forest, IL, 60045, 847- 735-5121

Nancy M. Dodge, Director, Graduate Services Center, Texas Tech University, Lubbock, TX 79409. 806-742-3184 ndodge@ba.ttu.edu