George Evans Professor of Economics and Finance Room   Office Hours   Telephone +44(0)1334 462420 Fax +44(0)1334 462444 Email Curriculum Vitae
About	Professor Evans's first full-time academic appointments were at the University of Stirling, Scotland, and then at Stanford University from 1981-1987. In 1983-4 he visited the London School of Economics and then in 1987 he joined the Economics Department at the L.S.E., where he remained until 1993. During 1993-4 he was the George Watson and Daniel Stewart Professor of Political Economy at the University of Edinburgh, Scotland. In September 1994 he came to the University of Oregon as the first John B. Hamacher Professor of Economics, a newly endowed Chair. He was named a College of Arts and Sciences Distinguished Professor in 2005. From October 2007 he is also Part Time Professor of Economics and Finance, University of St. Andrews, Scotland.
Teaching
Research	Theoretical and empirical topics in macroeconomics including tests for speculative bubbles, the effect of sectoral imbalance on unemployment, the decomposition of aggregate output into trend and cycle, and the formulation of theoretical models of endogenous fluctuations. Expectational stability and learning in stochastic, dynamic models with multiple equilibria. The role of expectations and learning in optimal monetary policy design and in the interaction of monetary and fiscal policy. Other current research includes new technical results on the existence of adaptively stable sunspot equilibria, with applications to monetary models, and an examination of the importance of heterogeneous expectations. Professor Evans collaborates with economists from the UK, France, Spain, Germany, Finland and the United States.
Selected Publications (UOregon page)	"Existence of Adaptively Stable Sunspot Equilibria near an Indeterminate Steady State" (with Seppo Honkapohja), Journal of Economic Theory, Vol. 111, 2003, 125-134. "Expectational Stability of Stationary Sunspot Equilibria in a Forward-looking Linear Model" (with Seppo Honkapohja), Journal of Economic Dynamics and Control, Vol. 28, 2003, pp. 171-181. "Friedman's Money Supply Rule vs. Optimal Interest Rate Policy" (with Seppo Honkapohja), Scottish Journal of Political Economy, 50, 550-566. “Expectations and the Stability Problem for Optimal Monetary Policies” (with Seppo Honkapohja), Review of Economic Studies, Vol. 70, 2003, 807-824. "Adaptive Learning and Monetary Policy Design" (with Seppo Honkapohja), Journal of Money, Credit and Banking, Vol. 35, 2003, 1045-72. "Monetary Policy and Stable Indeterminacy with Inertia" (with Bruce McGough), Economic Letters, Vol. 87, 2005, 1-7. "Policy Interaction, Expectations and the Liquidity Trap" (with Seppo Honkapohja), Review of Economic Dynamics, Vol. 8, 2005, 303-323. "Stable Sunspot Equilibria in Models with Predetermined Variables" (with Bruce McGough), Journal of Economic Dynamics and Control, Vol. 29, 2005, 6001-625. "Indeterminacy and the Stability Puzzle in Non-Convex Economies" (with Bruce McGough), Contributions to Macroeconomics: Vol. 5: No. 1, 2005. "Coordination on Saddle Path Solutions: the Eductive Viewpoint - Linear Multivariate Models" (with Roger Guesnerie), Journal of Economic Theory, Vol. 124, 2005, 202-229. "Monetary Policy, Indeterminacy and Learning" (with Bruce McGough), Journal of Economic Dynamics and Control, Vol. 29, 2005, 1809-1840. "Intrinsic Heterogeneity in Expectation Formation" (with William A. Branch), Journal of Economic Theory, Vol. 127, 2006, 264-295. "A Simple Recursive Forecasting Model" (with William A. Branch), Economics Letters, Vol. 91, 2006, 158-166. "Monetary Policy, Expectations and Commitment" (with Seppo Honkapohja), Scandinavian Journal of Economics, Vol. 108, 2006, 15-38. "Adaptive Expectations, Underparameterization and the Lucas Critique" (with Garey Ramey), Journal of Monetary Economics, Vol. 53, 2006, 249-264. "Are Hyperinflationary Paths Learnable" (with Klaus Adam and Seppo Honkapohja), Journal of Economic Dynamics and Control, Vol. 30, 2725-2748. "The E-Correspondence Principle" (with Seppo Honkapohja), Economica, Vol. 74, 2007, 33-50. "Stable Sunspot Equilibria in a Cash-in-Advance Economy" (with Seppo Honkapohja and Ramon Marimon), The B.E. Journal of Macroeconomics, 2007, Vol. 7: Iss.1 (Advances), Article 3. "Model Uncertainty with Endogenous Volatility" (with William Branch), Review of Economic Dynamics, Vol. 10, 2007, 207-237. "Optimal Constrained Interest-rate Rules" (with Bruce McGough), Journal of Money, Credit and Banking, Vol. 39, 2007, 1335-1356. "Policy Interaction, Learning and the Fiscal Theory of Prices" (with Seppo Honkapohja), Macroeconomic Dynamics, Vol. 11, 2007, 665 – 690. "Monetary Policy, Endogenous Inattention, and the Volatility Trade-off" (with William Branch, John Carlson and Bruce McGough), forthcoming Economic Journal. “Monetary Policy, Judgment and Near-Rational Exuberance” (with James Bullard and Seppo Honkapohja), forthcoming American Economic Review.
CDMA Working Papers	0717 George Evans (Oregon and St Andrews), Seppo Honkapohja (Cambridge) and Kaushik Mitra (St Andrews) 'Anticipated Fiscal Policy and Adaptive Learning' 0719 George Evans (Oregon and St Andrews) and Seppo Honkapohja (Bank of Finland and Cambridge) 'Robust Learning Stability with Operational Monetary Policy Rules' 0802 George Evans (Oregon and St Andrews) and Seppo Honkapohja (Bank of Finland and Cambridge) 'Expectations, Learning and Monetary Policy: An Overview of Recent Research'