Michael Jones: Curriculum Vitae


B.A., Williams College, 1973 (Economics, Valedictorian)
Ph.D., Yale University, 1979 (Economics)

Ph.D. Dissertation

Title: Policymaking Efficiency and the International Monetary System
Committee: Professor James Tobin, Professor Pentti Kouri, Professor Paul Krugman

Field of Concentration

International Economics: Finance and Trade

Academic Positions

Wesleyan University:

Visiting Instructor in Economics, 1977-1978
Lecturer/Assistant Professor in Economics, 1978-1981

Yale University:

Visiting Assistant Professor in Economics, 1980-1981
Assistant Professor in Economics, 1981-1986

Bowdoin College:

Associate Professor in Economics, 1987-present
(Chair, Economics Department, 1991-1993)

Non-Academic Positions

Economist, International Monetary Fund, European I Department, Central European III Division, August 1993-July 1994


Intern, Federal Reserve, International Finance Division, Spring 1977
Visiting Fellow, Institute for International Economic Studies,
University of Stockholm, Sweden, Spring, 1985
Visiting Fellow, Economic Growth Center, Yale University, July, 1989


"Note on Oligopoly: Rival Behavior and Efficiency," Bell Journal of Economics , Autumn, 1980

"Automatic Output Stabilization and the Exchange Arrangement: A Multi-Country Analysis," Review of Economic Studies , January, 1982

"International Liquidity: A Welfare Analysis," Quarterly Journal of Economics , February, 1983

"Optimal Foreign Exchange Market Intervention: Evidence from the Bretton Woods Era," Review of Economics and Statistics , May, 1984

"I.M.F. Surveillance, Policy Coordination, and Time Consistency," International Economic Review , February, 1987

"Time Consistent Commitments of Intermediate Duration," Economics Letters , 1987, pp. 167-171

"The Geometry of Protectionism in the Imperfect Substitutes Model: A Reminder," Southern Economic Journal , July 1993

"Bilateralism on Balance," International Review of Economics and Finance , No. 1, 1995, pp. 37-56.

Reviews, Comments, and Reports

Review of The Monetary Approach to the Balance of Payments, Exchange Rates, and Global Inflation , by Thomas Humphrey and Robert Keleher, in the Southern Economic Journal , July, 1983, pp. 293-294

Review of Saving Free Trade: A Pragmatic Approach , by Robert Lawrence and Robert Litan, in Journal of Economic Literature , December, 1987, pp. 1896-1897

Comment on "The International Monetary System: An Analysis of Alternative Regimes," by Marcus Miller and John Williamson, in The Future of the International Monetary System , ed. by Omar Hamouda and J.C.R. Rowley, 1989

Comment on "Monopoly Power, Import Competition, and Price Liberalization in the CSFR," by John Earle and Andreas Worgotten, in Gacs and Winckler, eds., International Trade and Restructuring in Eastern Europe , Springer-Verlag, 1994.

Czech Republic , (with Biswajit Banerjee, Maryanne Mrakovcic, and Ranjit Teja), IMF Economic Reviews, April, 1995.

Recent Working Papers

"The Equilibrium Import Quota in the Presence of a Producer and Consumer Lobby," November 1998.

"Lobbies and Trade Wars: Extensions of the Grossman and Helpman Model," June 1998.

"Teaching Note: Some Simple Models of the Supply Side," March 1998.

"Balance of Payments Crises When Runs are Timed Optimally," March, 1988

"Sunspots on the Foreign Exchange?", October, 1989

"Exchange Rate Bubbles and Macroeconomic Performance," July, 1990

Recent Professional Activities

External examiner, Bates College, honors program, April 1999.
External examiner in the Swarthmore Honors College, May, 1988
Discussant at conferences on "International Trade and Restructuring in Eastern Europe" and "Economic Relations Among the Successor Republics of the USSR," International Institute for Applied Systems Analysis, Laxenburg, Austria, November 1992 and March 1993.