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Michael R. Donihue
Professor of Economics; Associate Vice President for Academic Affairs and Associate Dean of Faculty, 2008-

Department Links:       Academic and Administrative Vice PresidentsEconomics



Phone: 207-859-4776
Fax: 859-5229 (Economics )
Fax 2: 859-4775 (Acad/Admin VPs )
Email:
Michael.Donihue@colby.edu

Mailing Address:
4770 Mayflower Hill
Waterville, Maine 04901-8847

Education

Ph.D. University of Michigan, 1989 (Economics)
M.A. University of Michigan, 1983 (Applied Economics)
B.A. Colby College, 1979 (Economics)

Areas of Expertise:
  • Macroeconomic policy
  • Economic forecasting
  • View Curriculum Vitae

    Professional Information

    Work Experience
    Professor of Economics, Colby College, 2007-present
    Associate Professor of Economics, Colby College, 1996-2007
    Assistant Professor of Economics, Colby College, 1989-1996
    Visiting Scholar, Research Department, Federal Reserve Bank of Boston, 2004-2005
    Senior Economist, Council of Economic Advisers, Washington, D.C., 1994-1995
    Dana Fellow, Yale University, 1992

    Maine Consensus Economic Forecasting Commission, 1992-present
    CEME Model Comparison Seminar, 1985-1994, 1995-1998 (chair)

    Consulting Activities
    Maine Development Foundation: Economic impact assessment of the current healthcare delivery system in the Kennebec Valley Region, 2008
    Central Maine Power Company 1998, 2000-2002, 2006 (Demand Elasticity Estimation, Forecast Evaluation, Testimony before the Public Utilities Commission)
    PGE Energy Trading, 2000 (Electricity Demand Forecasting)
    Maine State Planning Office, 1999 (Economic Forecasting & Policy Analysis)
    McCain Foods, 2002 (French Fry Market Demand Analysis & Contract Arbitration Testimony)

    Other Courses Taught
    Course Course Title
    EC345 Research in Economics
    Coursework

    Teaching Areas
    Econometrics
    Economic Forecasting
    Macroeconomic Theory
    Macroeconomic Principles
    Mathematical Economics

    Current Research

    “The Relative Importance of Housing Wealth in the Retirement Saving Decision,” (with Caroline Theoharides ’06).

    Publications

    Decomposing Consumer Wealth Effects: Evidence on the Role of Real Estate Assets Following the Wealth Cycle of 1990-2002 (with Andriy Avramenko ‘04), The B.E. Journal of Macroeconomics: 2007, Vol. 7: Issue 1 (Topics), Article 25.

    "An Analysis of Attendance at Major League Baseball Spring Training Games" (with David W. Findlay and Peter Newberry '03). Journal of Sports Economics, Vol. 8, 2007.

    "What's An Oscar Worth?" (with R.A. Nelson, D.M. Waldman, and C. Wheaton '92) Economic Inquiry, Vol. 39, 2001.

    "The Troika Process: Economic Models and Macroeconomic Policy in the USA," (with John Kitchen) in Empirical Models and Policy Making: Interaction and Institutions, Frank A.G. den Butter and Mary S. Morgan, eds., Routledge Publishers, London, 2000.

    "Do Faculty Salaries Rise With Job Seniority?" (with D.A. Barbezat) Economic Letters, Vol. 58, February 1998.

    "Teaching Economic Forecasting to Undergraduates," The Journal of Economic Education, Vol. 26, Spring 1995.

    Working Papers, Forecasts & Statistical Abstracts

    Meeting the Standards: An Analysis of Eighth Grade Educational Assessment Test Scores in Maine

    Colby Economic Outlook

    Statistical Abstracts for the Greater Waterville Area