Joshua Stillwagon

Assistant Professor

Academic Division: Economics
Westgate
# 313
781-239-4533

Bio

Josh Stillwagon was born and raised in the seacoast area of New Hampshire. He obtained a B.S., M.A., and Ph.D. in economics at the University of New Hampshire in 2005, 2008, and 2013 respectively. His research has been (or is scheduled to be) published in the Oxford Bulletin of Economics and Statistics; Macroeconomic Dynamics (Cambridge University Press); The North American Journal of Economics and Finance; Review of International Economics; Journal of International Financial Markets Institutions, & Money; Economics Bulletin (Vanderbilt University); and New England Economic Indicators (Federal Reserve Bank of Boston). His research focuses primarily on international finance and financial economics; examining empirically the determinants of exchange rates, interest rates, and equity prices. This work is being done in conjunction with the Imperfect Knowledge Economics (IKE) program of the Institute for New Economic Thinking (INET). The empirical dimension of his research guides his teaching philosophy as well; striving to relate theory to real world data and illustrating abstract concepts through historical examples. Before coming to Babson, Josh was an assistant professor at Trinity College in Hartford, CT and a lecturer at the University of Copenhagen and the University of New Hampshire. In 2009, Josh served as a consultant on the state budget to the N.H. state senate finance committee, providing revenue forecasts and cost analysis. He has also conducted research for the Federal Reserve Bank of Boston on the employment and innovation impacts of state-level energy policies.

Academic Degrees

  • Ph D, University of New Hampshire
  • Certificate, University of Copenhagen
  • MA, University of New Hampshire
  • BS, University of New Hampshire

Publications

Journal Articles

  • Stillwagon, J.R. (in press). TIPS and the VIX: Spillovers from Financial Panic to Breakeven Inflation in an Automated, Nonlinear Modeling Framework. Oxford Bulletin of Economics and Statistics
  • Stillwagon, J.R. (in press). Are Risk Premia Related to Real Exchange Rate Swings? Evidence from I(2) CVARs with Survey Expectations Macroeconomic Dynamics
  • Stillwagon, J.R. (2016). Non-Linear Exchange Rate Relationships: An Automated Model Selection Approach with Indicator Saturation. North American Journal of Economics and Finance, 37(5), 84-109. link
  • Stillwagon, J.R. (2015). Can the Consumption Capital Asset Pricing Model Account for Traders’ Expected Currency Returns?" Review of International Economics, 23(5), 1044-1069. link
  • Stillwagon, J.R. (2015). Testing the Expectations Hypothesis with Survey Forecasts: The Impacts of Consumer Sentiment and the Zero Lower Bound in an I(2) CVAR. Journal of International Financial Markets, Institutions & Money, 35(5), 85-101. link
  • Stillwagon, J.R. (2014). Reexamining What Survey Data Say about Currency Risk and Irrationality Using the Cointegrated VAR. Economics Bulletin, 34(3), 1631-1643. link
  • Gittell, R., Stillwagon, J.R. (2011). Tracking Clean Industry Jobs in New England. New England Economic Indicators, QIII, 4-11. link

Presentations

  • REH or Behavioral Insights in Stock Market Expectations? Evidence that Both Matter but in Ways Changing Over Time
    Stillwagon, J., Frydman, R. REH or Behavioral Insights in Stock Market Expectations? Evidence that Both Matter but in Ways Changing Over Time 17th Oxmetrics Conference, George Washington University (2016)
  • TIPS and the VIX: Spillovers from Financial Panic to Breakeven Inflation in an Automated, Nonlinear Modeling Framework
    Stillwagon, J. TIPS and the VIX: Spillovers from Financial Panic to Breakeven Inflation in an Automated, Nonlinear Modeling Framework 16th Oxmetrics User Conference, Aix Marseille University (2015)
  • Exchange Rate Dynamics and Forecast Errors about Persistently Changing Fundamentals
    Stillwagon, J. Exchange Rate Dynamics and Forecast Errors about Persistently Changing Fundamentals "Cointegration: Theory and Application" in honor of Katarina Juselius, University of Copenhagen (2014)
  • A Keynes-IKE Model of Currency Risk
    Stillwagon, J. A Keynes-IKE Model of Currency Risk Plenary Conference of the Institute for New Economic Thinking, Hong Kong (2013)