John V. Duca

  • Danforth-Lewis Professor of Economics

Education

  • PhD, Princeton University
  • BA, summa cum laude, Phi Beta Kappa, Yale University

Biography

John V. Duca joined Oberlin in the spring of 2018 to teach advanced macroeconomics, money and banking, and intermediate macroeconomics. From 1991 to 2017, he worked at the Federal Reserve Bank of Dallas, where he last served as the associate director of research and vice president, supervising research in macroeconomics and finance. From 1986 to 1991, he was at the Federal Reserve Board where he briefed former chair Paul Volcker, former chair Alan Greenspan, and the Federal Reserve Board. He is currently an emeritus economist at the Federal Reserve Bank of Dallas.

Duca has taught part time at Southern Methodist University and the University of Maryland. He has published about 60 articles on macroeconomics, money, housing and real estate, credit, wages, and political economy in refereed journals such as the American Economic Review, Journal of Economic Literature, International Economic Review, Economic Journal, Journal of Money, Credit, and Banking, Journal of Urban Economics, and Journal of Banking and Finance.

Duca looks forward to actively engaging with students in the classroom, economics majors committees and clubs, and other campus activities to help prepare them for their careers and enrich their lives.

In his spare time, he enjoys gardening and fishing, and is a fan of history and cinema.

Spring 2024

Money, the Financial System and the Economy — ECON 211
Macroeconomic Theory and Policy — ECON 351

Notes

John Duca Presents Papers

December 30, 2021

Danforth-Lewis Professor of Economics John Duca remotely presented "What Drives House Prices: Lessons from the Literature," to the Federal Housing Finance Agency on December 1. Duca also remotely presented the paper, "How New Fed Corporate Bond Programs Cushioned the Covid-19 Recession," at the World Banking and Finance Symposium on December 17.

John Duca Publishes Multiple Journal Articles

September 24, 2021

Danforth-Lewis Professor of Economics John Duca has published "What Drives House Price Cycles: International Experience and Policy Issues," in the Journal of Economic Literature, and "What Drives House Prices: Lessons from the Literature," as a short and accessible article in VoXEU. Also accepted for publication by the Journal of Government and Economics is the article, "An Overview of The Fed’s New Credit Policy Tools and Their Cushioning Effect on the COVID-19 Recession."

John Duca Presents at IFABS 2021 Oxford Conference

September 17, 2021

Danforth-Lewis Professor of Economics John Duca presented "How New Fed Corporate Bond Programs Cushioned the Covid-19 Recession" at the virtual IFABS 2021 Oxford Conference, September 13-15, 2021.

John Duca presents research and publishes several papers

June 8, 2021

Danforth-Lewis Professor of Economics John Duca (virtually) presented two studies at the Annual Conference of the French Finance Association in May 2021 which analyzed the effectiveness of Federal Reserve efforts to stabilize the corporate and municipal bond markets during the COVID-19 Recession. One of these appeared as NBER Working Paper 28097 in November 2020 and the other as NBER Working Paper 28437 in February 2021. 

Earlier this year, Applied Economics Letters electronically published a paper that Duca coauthored with Jason Saving, “Media fragmentation and the polarization of the American public.” Together with European coauthors Martin Hoesli and Joaquim Montezuma, Duca also published a timely paper in the Journal of European Real Estate Research, “The Resilience and Realignment of House Prices in the Era of COVID-19.”

 

John V. Duca publishes journal article

September 18, 2020

John V. Duca, Danforth-Lewis Professor of Economics, and Aaron Kreiner '19 had their joint paper published, "Can Machine Learning on Economic Data Better Forecast the Unemployment Rate?" in Applied Economics Letters, Vol. 27, Issue 17, 1434-37.

John Duca Publishes Paper on House Price Cycles

June 4, 2020

Danforth-Lewis Professor of Economics John Duca's paper “What Drives House Price Cycles? International Experience and Policy Issues,” was accepted by the Journal of Economic Literature: It ws co-authored with John Muellbauer and Anthony Murphy.

John Duca Presents Paper on Financial Stability, Chairs Conference Session

January 5, 2020

Danforth-Lewis Professor of Economics John Duca presented a financial stability paper, “The Double Real Estate Bubble of the Mid-2000s and the Great Recession: How a Retreat from Reasonable Regulation Led to a Minsky Moment” at the conference Minsky at 100: Revisiting Financial Instability honoring the 100th birthday of Hyman Minsky, held Dec. 16-17, 2019, at the Catholic University of the Sacred Heart in Milan, Italy. Duca also chaired a conference session.

John Duca Presents at ReCapNet conference

November 26, 2019

Danforth-Lewis Professor of Economics John Duca presented, "Interest Rate, Regulation, and Tax Effects on Commercial Real Estate: Lessons from the Past Half Century" at the Real Estate Markets & Capital Markets (ReCapNet) conference in Mannheim, Germany, on November 15, 2019.

John Duca Gives Presentations at European Real Estate Society Conference

October 26, 2019

Danforth-Lewis Professor of Economics John Duca gave a real estate presentation at the 28th European Real Estate Society (ERES) Industry Seminar, "New Trends in International Investment in Residential Property in Europe" at the Lisbon School of Economics and Management in Lisbon, Portugal, on Friday, October 25, 2019.  Professor Duca will give the keynote presentation, "Synchronization in Global Housing Prices" at the conference.

John Duca Presents at Conference

October 17, 2019

Danforth-Lewis Professor of Economics John Duca was invited to present, "Interest Rate, Regulation, and Tax Effects on Commercial Real Estate: Lessons from the Past Half Century" at the Commercial Real Estate Data Alliance (CREDA) Conference, Oct. 3 through 4, 2019 at the Kenan-Flagler Business School, University of North Carolina at Chapel Hill.

John Duca Chairs Conference Session, Presents

October 4, 2019

Danforth-Lewis Professor of Economics John Duca and Aaron Kreiner '19 presented Aaron's honors paper, "Can Machine Learning on Economic Data Better Forecast the Unemployment Rate?" at the annual Academy of Behavioral Finance & Economics (ABFE) conference on September 20, 2019 in New York City. Duca also chaired a session at the conference. Following the conference, he spoke to the New York City Oberlin Alumni Club.

John Duca Invited to Present Paper

July 9, 2019

Danforth-Lewis Professor of Economics John Duca was invited to present a paper at the European Real Estate Society Conference held July 3 through 6, 2019.

John Duca Presents Invited Paper

June 14, 2019

Danforth-Lewis Professor of Economics John Duca was invited to present a paper at the 4th International Conference on Financial Markets and Macroeconomic Performance held May 20 to 21, 2019 at Goethe University in Frankfurt, Germany.

John Duca and Evan Kresch Participate in Conference

April 5, 2019

Economics faculty participated in the 15th International Conference of the WEAI at Keio University, Tokyo, Japan, March 21-24, 2019. Danforth-Lewis Professor of Economics John Duca and Assistant Professor of Economics Evan Kresch chaired, presented, and discussed papers.

John Duca Gives Talk on National Economic Outlook

March 7, 2019

John Duca, Danforth-Lewis Professor of economics, gave a talk on the "National Economic Outlook," hosted by the New York City Club of Oberlin College on February 28. 

John V. Duca Speaks at MIT

February 24, 2019

Danforth-Lewis Professor of Economics John V. Duca spoke on January 9, 2019 at the MIT Enterprise Forum about the outlook for the national economy.

John V. Duca Speaks to the National Association of Credit Managers

February 22, 2019

Danforth-Lewis Professor of Economics John V. Duca talked to the National Association of Credit Managers in Phoenix on February 20, 2019. Duca discussed the outlook for the national economy and consumer credit. 

John Duca Participates in Conference

February 5, 2019

Danforth-Lewis Professor of Economics John Duca attended the Frontiers of Entrepreneurship Conference in Florida. John participated in the workshop session/roundtable discussion, "What Should Policymakers Be Doing to Help Entrepreneurs?"

John Duca presents at Harvard Business School

October 12, 2018

Danforth-Lewis Professor of Economics John Duca presented a paper "The Impact of the Dodd-Frank Act on Small Business" at Harvard Business School.

John Duca Presents at Conference

September 24, 2018

Danforth-Lewis Professor of Economics John V. Duca presented papers at the 35th annual International Association for Research in Income and Wealth (IARIW) conference in Copenhagen, August 20-25, 2018. Duca presented two papers, “Equity Regulation and U.S. Venture Capital Investment” and “How Financial Innovations and Accelerators Drive Booms and Busts in U.S. Consumption.”

John Duca Presents

April 16, 2018

Danforth-Lewis Professor of Economics John Duca presented "The Impact of the Dodd-Frank Act on Small Business," with Michael Bordo (Rutgers University, the National Bureau of Economic Research, and Hoover Institution) on March 12 at a Stanford University faculty lunch seminar. Duca also presented the microfinance workshop "Financial Innovations, Shadow Banking, Risk Premia, and Divisia Velocity," with Richard Anderson (Lindenwood University and University of Missouri, Kansas City) and Barry Jones (Binghampton University) at the Oxford University Said Business School.

John Duca Publishes

April 16, 2018

Danforth-Lewis Professor of Economics John Duca published ”What Drives Economic Policy Uncertainty in the Long and Short Runs: European and U.S. Evidence Over Several Decades," with Jason Saving (Federal Reserve Bank of Dallas) in the March 2018 issue of the Journal of Macroeconomics

John Duca Presents Paper

April 13, 2018

Danforth-Lewis Professor of Economics John Duca attended the inaugural Oxford Saïd Macrofinance Workshop: Money Creation and presented "Financial Innovation, Shadow Banking, and Divisia Velocity."

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