United States Air Force Academy

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Dr. William D. Craighead

Assistant Professor of Economics

Department of Economics and Geosciences

Official photo of Dr. Craighead.
Contact Information

(719) 333-3078

Email

Bio

Dr. William D. (Bill) Craighead is an Assistant Professor of Economics in the Department of Economics and Geosciences. Topics of his research have included the behavior of the US-UK real exchange rate across different historical periods, monetary policy for open economies and real exchange rate volatility.

Bill was born in Colorado and then spent much of his childhood in Michigan, near Detroit. After graduating from Carleton College in Northfield Minnesota, he worked at a banking trade publication in New York City before going on to graduate studies in economics at the University of Virginia.

Education

PhD, University of Virginia, Charlottesville, Va. (2006)

MA, University of Virginia, Charlottesville, Va. (2001)

BA, Carleton College, Northfield, Minn. (1996)

Professional Experience

Assistant Professor, U.S. Air Force Academy, Colorado Springs, Colo. (2019-Present)

Assistant Professor, Colorado College, Colorado Springs, Colo. (2016-2019)

Lecturer, University of Colorado, Colorado Springs, Colo. (2018)

Assistant Professor, Wesleyan University, Middletown, Conn. (2010-2016)

Visiting Scholar, University of Colorado, Boulder, Colo. (2012-2013)

Visiting Assistant Professor, Wesleyan University, Middletown, Conn. (2009-2010)

Assistant Professor, Miami University, Oxford, Ohio (2006-2010)

Instructor, Miami University, Oxford, Ohio (2005)

Research and Scholarly Interests

International Economics

Macroeconomics

Economic History

Publications

“Intermediate Goods and Exchange Rate Disconnect,” Open Economies Review, forthcoming.

“Hysteresis in a New Keynesian Model,” Economic Inquiry, 57:2 (August 2019), 1082-1097.

“Nominal Shocks and Real Exchange Rates: Evidence from Two Centuries,” with Pao-Lin Tien, Journal of International Money and Finance 56 (September 2015), 135-157.

“Current Account Reversals and Structural Change in Developing and Industrialized Countries,” with David R. Hineline, Journal of International Trade and Economic Development 24:1 (February 2015), 147-171.

“Monetary Rules and Sectoral Unemployment in Open Economies,” Journal of Macroeconomics, 40 (June 2014), 277-292.

“As the Current Account Turns: Disaggregating the Effects of Current Account Reversals in Industrial Countries,” with David R. Hineline, The World Economy 36:12 (December 2013), 1516-1541.

“Specific Factors and International Monetary Policy Coordination,” Open Economies Review 23:2 (April 2012), 319-336.

“Temporal Aggregation and Purchasing Power Parity Persistence,” with Yamin Ahmad, Journal of International Money and Finance 30:5 (September 2011), 817-830.

“Interest Differentials and Extreme Support for Uncovered Interest Rate Parity,” with George K. Davis and Norman C. Miller, International Review of Economics and Finance 19:4 (October 2010), 723-732.

“Across Time and Regimes: 212 Years of the US-UK Real Exchange Rate,” Economic Inquiry 48:4 (October 2010), 951-964.

“The Causes of and Gains from Intertemporal Trade,” with Norman C. Miller, Journal of Economic Education 41:3 (Summer 2010), 275-291.

“Real Rigidities and Real Exchange Rate Volatility,” Journal of International Money and Finance 28:1 (February 2009), 135-147.