William Dupor

Dr. Bill Dupor is an Associate Professor of Economics. His main research interests are macroeconomics, fiscal policy, monetary economics and time series analysis.  He has published many articles in peer-reviewed journals including the American Economic Review, Journal of Economic Theory, Journal of Monetary Economics, the Journal of Political Economics and Review of Economics and Statistics.

Three specific examples of his research project follow.  Dr. Dupor’s most recent research estimates the impact of the American Recovery and Reinvestment Act of 2009 on national job creation.  He finds that, while the Act created and saved significant state and local government jobs, the Act had negligible and possibly negative effects on private-sector employment.   In his 2005 Journal of Monetary Economics paper, Dr. Dupor developed a macroeconomic model of the U.S. economy to examine the impact of a central bank (e.g., the U.S. Federal Reserve) decision not to respond to irrational bubbles in prices of assets, such as stocks or housing.   He found that the central bank’s inaction results in an otherwise avoidable, or at least milder, recession.  In a third project, Dr. Dupor developed the first systematic method to handle the classic ‘non-invertibility,’ or ‘nonfundamentalness,’ problem in limited information estimation of the dynamic effects of structural shocks.  His method combines two different types of identification assumptions:  rotation restrictions and agnostic restrictions.

Dr. Dupor has been a visiting scholar at the Bank of Portugal, Federal Reserve Bank of Atlanta and Federal Reserve Bank of Minneapolis.  He is currently an associate editor at the Journal of Money, Credit and Banking.