JOHANNA L. FRANCIS
Department of Economics
Phone: 831-459-5556
University of California, Santa Cruz
[email protected]
1156 High Street
https://sites.google.com/site/johannafrancis
Santa Cruz, CA 95064
CURRENT POSITION
Research Associate, Dept of Economics, Univ. of California, Santa Cruz, 2014 Visiting Associate Professor. Dept of Economics, Univ. of California, Santa Cruz, 2012-2014
Associate Professor. Dept of Economics, Fordham University, 2012 Assistant Professor. Dept of Economics, Fordham University, 2006 - 2012
EDUCATION
Johns Hopkins University, M.A., 2002, Ph.D. Economics, 2006
Complex Systems Summer School, Santa Fe Institute
McGill University, B.A. Honours Economics, M.A. Economics 1994
RESEARCH PAPERS
1. Contessi, Silvio, De Pace, Pierangelo and Johanna L. Francis. (2013) The Cyclical Properties of Disaggregated Capital Flows. The Journal of International
Money and Finance 32: 528-555.
2. Contessi, Silvio and Johanna L. Francis. (2013) U.S. commercial bank lending
through 2008:Q4: new evidence from gross credit flows. Economic Inquiry. 51(1):
428444.
3. Demiralp, Berna and Johanna L. Francis. (2013) Wealth, human capital and the
transition to entrepreneurship. Eastern Economic Journal 39: 72-92.
4. Contessi, Silvio, De Pace, Pierangelo, and Johanna L. Francis. (2012) Changes in the
Second-Moment Properties of Disaggregated Capital Flows. Economic Letters.
Economics Letters, 115: 122-127.
5. Cho, Sang-Wook (Stanley) and Johanna L. Francis. (2011) Tax Treatment of Owner
Occupied Housing and Wealth Inequality. Journal of Macroeconomics. 33(1):
42-60, March. DOI:10.1016/j.jmacro.2010.09.002
6. Contessi, Silvio and Johanna L. Francis. TARP Beneficiaries and their Lending Patterns during the Financial Crisis. Federal Reserve Bank of St. Louis Review,
March/April 2011, 93(2), pp. 105-126.
7. Francis, Johanna L. (2009) Wealth and the Capitalist Spirit. Journal of Macroeconomics. 31(3): 394-408, September.
8. Feldman, M.P., Francis, J.L. and J. Bercovitz (2005). “Creating a Cluster While
Building a Firm: Entrepreneurs and the Formation of Industrial Clusters”, Regional Studies 39: 129-141.
9. Feldman, M. P. and J.L. Francis (2004). “Home Grown Solutions: Fostering Cluster
Formation through Entrepreneurship”, Economic Development Quarterly 18:
127-137.
10. Feldman, M. P. and J.L. Francis (2003). “Fortune Favors the Prepared Region: The
Case of Entrepreneurship and the Capitol Region Biotechnology Cluster”, European Planning Studies 11(7): 765-788.
PUBLISHED CONFERENCE PROCEEDINGS
Francis, J.L., Kubik, A. and F. Ubeda de Torres (2001). “Locality in Competing Heterogeneous Learning Agents”. Prepared for XVI European Meeting on Cybernetics and
Systems Research, Vienna, Austria, 2002. Presented at Complex Systems Summer School.
Feldman, M. and J.L. Francis (2001). “The Entrepreneurial Spark: Individual Agents
and the Formation of Innovative Clusters”. Prepared for the conference: Complexity and
Industrial Clusters - Dynamics, Models, National Cases, Accademia Nazionale dei Lincei,
Milan, Italy June 2001.
REFEREED CHAPTERS IN BOOKS
Francis, J.L. and M. Dailami (2006). “Challenges in Managing Capital Flows”. In Global
Development Finance 2006, Washington, D.C.: The World Bank.
Francis, J.L. and M.P. Feldman (2006). “Entrepreneurship, Innovation and Regional
Clustering”, in Braunerhjhelm, P. and J. Wiklund (eds.) Entreprenörskap och tillväxt,
Sweden: Forum för Småföretagsforskning.
UNDER REVIEW
Aykut, Dilek, Francis, Johanna L. and Eugen Tereanu. The Cost of Private Debt Over
the Credit Cycle. Under review. (also IMF Working Paper No. 10/283.)
Chang, Su-Hsin, Contessi, Silvio and Johanna L. Francis. Understanding the accumulation
of bank and thrift reserves during the U.S. financial crisis. [previously circulated as: Excess
Reserves During the U.S. Financial Crisis: A Bank-level Perspective.]
WORK IN PROGRESS/WORKING PAPERS
Labour and credit market frictions with small and large firms. With David Florian Hoyle.
Credit Flow Shocks. With Riccardo DiCecio and Silvio Contessi.
The Effects of Capital Injections at Times of Bank Distress:
Evidence from the TARP. With Su-Hsin Chang and Silvio Contessi.
Learning by Entrepreneurs with Direct Wealth Preferences. With Stanley Cho.
Entrepreneurship, Inequality and Home-ownership. With Stanley Cho.
The Impact of US Health Care reform on the Self Employed. With Stanley Cho.
RESEARCH INTERESTS
Consumption, Wealth Inequality, Entrepreneurship, Banking, Open Economy Macroeconomics
TEACHING EXPERIENCE
University of California, Santa Cruz
Econ 100B Intermediate Macroeconomics
Econ 105 Understanding the Financial Crisis
Econ 221 Advanced Monetary Theory
Fordham University
Graduate Macroeconomics I, II
Graduate Monetary Theory
Basic Macroeconomics, Honors Macroeconomics for Business Students
Principles of Microeconomics
Fundamentals of Mathematics for MBA Students
PROPOSAL DEFENSES: University of California, Santa Cruz
Margaret Aproberts-Warren (completed), Ryota Nakatani(scheduled), Jeffrey Hancuff
DISSERTATION ADVISING: University of California, Santa Cruz
A. Christopher Limnios, Curtis Kephart.
DISSERTATION ADVISING: Fordham
Meghan Hennassey Mihal (Committee Member; Placement: St. Thomas Aquinas College), Plamen Nikolov (Committee Member; Placement: European Commission), Brian
Belen (Mentor), Kevin Chua (Mentor; Placement: Shandong University, China), Farukh
Khan (Committee Member; Placement: Royal Bank of Scotland), Bei Lui (Committee
Member), Frances Josef (Committee Member), Clifford Goss (Committee Member), Brandon Pecoraro (Committee Member), Helena Glebocki (Committee Member).
FELLOWSHIPS AND GRANTS
Fordham Faculty Summer Grant 2010 ($6000)
Fordham Faculty Fellowship Spring 2010
Fordham Interdisciplinary Grant 2010 ($1000)
Fordham Faculty Grant 2008 ($4000)
University of New South Wales Visiting Scholar Grant 2008 ($2000)
Johns Hopkins Fellowship
Dean’s Award for excellent thesis, McGill Univeristy
PROFESSIONAL EXPERIENCE
Visiting Scholar, St. Louis Federal Reserve Bank, Mar. 2011
Visiting Scholar, St. Louis Federal Reserve Bank, Aug. 2010
Visiting Scholar, University of New South Wales, May-June 2009
Visiting Scholar, St. Louis Federal Reserve Bank, Mar. 2009
Visiting Scholar, St. Louis Federal Reserve Bank, Oct. 2008
Visiting Scholar, University of New South Wales, July 2008
Consultant. The World Bank. International Finance Group, 2005 - 2006, 2009
Adjunct Assistant Professor. Loyola College, Baltimore MD, Summer 2005
Adjunct Assistant Professor. University of Maryland, Baltimore County, Spring 2005
Visiting Fellow. German Institute for Economic Research, Berlin, Summer 2002
UNIVERSITY SERVICE: Fordham
Member. Salary and Benefits Committee, Spring 2008 - present.
Participant. New Faculty Mentoring Program. Spring 2007.
DEPARTMENT SERVICE: Fordham
Organizer Economics Department Seminar Series. Oct 2009 - Spring 2012.
Member. Economics Department Recruitment Committee. 2007-2011.
Academic Advising for Majors. Economics Department. Spring, 2007, 2008-2012.
Coordinator of Graduate Program Math Camp, Economics Department. 2007-present.
Contributor (Baybars Karacaovali organizer) Economics Department Seminar Series. 20072009.
Participant. Economics Department Recruitment Committee. 2006-2007.
REFERENECES
Professor Christopher D. Carroll
Department of Economics, Johns Hopkins University
E-mail: [email protected], Tel. (410) 516-7602
Dr. Thomas Lubik
Research Department, Federal Reserve Bank of Richmond
E-mail: [email protected], Tel. (804) 697 8246
Professor Bart Moore
Department of Economics, Fordham University
E-mail: [email protected], Tel. (718) 817 4049
Dr. Edward Nelson
Division of Monetary Affairs,
Board of Governors, Federal Reserve Bank
Email: [email protected], Tel. (202) 452 2478