School of Foreign Service
Washington, D.C. 20057-1045
Robert E. Cumby, Ph.D
Robert E. Cumby is Professor of Economics in the School of Foreign Service
of Georgetown University. He received his BA in economics from the College of William and Mary and his Ph.D. in
economics from the Massachusetts Institute of Technology.
he teaches international trade and finance in the undergraduate and in the
masters of science in foreign service programs. Prior to joining the faculty of
in 1994, Professor Cumby was on the faculty of the Stern School of Business of New York University between 1982 and 1994. Prior
to that, he was an economist at the International Monetary Fund. During the
1993-1994 academic year, Professor Cumby served as senior economist on the
Council of Economic Advisers. And between 1998 and 2000, Professor Cumby
was Deputy Assistant Secretary for Economic Policy at the United States
Department of Treasury.
Professor Cumby's primary research interests are in international finance,
macroeconomics, and applied econometrics. He has served as and associate editor
and co-editor of the Journal of International Economics and is a research
associate of the National Bureau of Economic Research.
Recent Research Papers
- The Role of Liquid Government Bonds in the Great Transformation of American Monetary Policy, Journal of Economic Dynamics and Control, March 2011.
(with M. Canzoneri, B. Diba, and D. Lopez-Salido).
- The Interaction Between Monetary and Fiscal Policy, in Benjamin M. Friedman and Michael Woodford, editors: Handbook of Monetary Economics, Vol 3B, 2011.
- Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework, Journal of Money Credit and Banking, December 2008.
Equations and Money Market Interest Rates:A Challenge for Monetary Policy
Models, Journal of Monetary Economics, October 2007. (with M. Canzoneri
and B. Diba).
The Costs of Nominal Inertia in NNS Models, Journal of Money Credit and Banking, October 2007. (with M. Canzoneri and B. Diba).
- New Keynesian Explanations of Cyclical
Movements in Aggregate Inflation and Regional Inflation Differentials, Open Economies Review, January 2006. (with M. Canzoneri, B. Diba,
and O. Mykhaylova)
Need for International Policy Coordination: What's Old, What's New,
and What's Yet to Come?, Journal of International Economics, July
2005. (with M. Canzoneri and B. Diba).
the European Central Bank and the Federal Reserve Be Concerned About Fiscal
Policy?, in Reassessing Stabilization Policy, Federal Reserve
2003. (with M. Canzoneri and B. Diba).
Developments in the Macroeconomic Stabilization Literature: Is Price
Stability a Good Stabilization Strategy?, July 2002, (with M.
Canzoneri and B. Diba).
Labor Productivity and the Real Exchange Rate in the Long Run: Evidence
for a Panel of OECD Countries, Journal of International Economics,
1998. (with M. Canzoneri and B. Diba).
Discipline and Exchange Rate Regimes, (with M. Canzoneri and B. Diba), Economic Journal, October 2001.
Market Debt: Measuring Credit Quality and Examining Relative Pricing,
(with T. Pastine), Journal of International Money and Finance,
the Price Level Determined by the Needs of Fiscal Solvency?, American
Economic Review, December 2001, (with M. Canzoneri and B. Diba).
Curriculum Vitae (pdf
Courses Taught at Georgetown:
- International Trade (ECON
542 and ECON 243)
- International Finance (ECON
- International Financial
Markets (INAF 436)
School of Foreign Service
department fax: 202-687-6102