John Shea, Associate Professor, received his PhD in economics from MIT in 1990. He joined the Maryland faculty in 1996. He teaches graduate and undergraduate macroeconomics. His research is empirically oriented, and is frequently concerned with overcoming identification problems such as simultaneity. His research has examined topics such as the short-run response of prices and quantities to demand shocks, the response of consumption to predictable movements in labor income, the impact of parental income on children's labor market success, and the short-run impact of technological change on industry activity.
His current projects include a study of nominal illusion in major league baseball decision-making. Publications include "Do Supply Curves Slope Up?"Quarterly Journal of Economics, 1993; "Union Contracts and the Life Cycle-Permanent Income Hypothesis,"American Economic Review, 1995; "Does Parents'Money Matter?"Journal of Public Economics, 1999; and "Complementaritiesand Comovements",Journal of Money, Credit and Banking, 2002.
Areas of Interest
- Consumption and Savings Behavior
- Interindustry Linkages
- Agglomeration Economies
- Baseball Statistics
Degree TypePhDDegree DetailsMassachusetts Institute of Technology, 1990
- Complementarities and Comovements, , Journal of Money, Credit, and Banking 34(2 ), 412-433, May .
- Does Parents' Money Matter?, , Journal of Public Economics 77(2 ), 155-184, August .
- Instrument Relevance in Linear Models: a Simple Measure, , Review of Economics and Statistics 79(2 ), 348-352, May .
- Myopia, Liquidity Constraints and Aggregate Consumption: a Simple Test, , Journal of Money, Credit and Banking 27(3 ), 798-805, August .
- Union Contracts and the Life Cycle-Permanent Income Hypothesis, , American Economic Review 85(1 ), 186-200, March .
- Should We Test the Life Cycle-Permanent Income Hypothesis Using Food Consumption Data?, , Economics Letters 45(1 ), 63-68, May .
- Do Supply Curves Slope Up?, , Quarterly Journal of Economics 108(1 ), 1-32, January .
- The Input-Output Approach to Instrument Selection, , Journal of Business and Economic Statistics 11(2 ), 145-155, April .