Joseph Santos
Academic Director/Professor
Biography
Joseph M. Santos directs the Ness School of Management and Economics at South à£à£Ö±²¥Ðã State University, where he also leads the Dykhouse Program in Money, Banking and Regulation. Santos' research includes measuring the burdens of financial regulation and the credibility of monetary policy, chronicling and assessing the efficiency of early 20th century commodity futures markets, and evaluating the distribution of instructional resources across institutions of higher education. Santos earned his Ph.D. in economics from Rutgers University.
Education
- B.S. in economics | The College of New Jersey, Trenton
- M.S. in economics | Rutgers University
- Ph.D. in economics | Rutgers University
- Monetary and financial history, industrial organization, applied econometrics
Academic and Professional Experience
Academic Interests
Academic Interests
- Financial-market efficiency
- Financial institutions
- Monetary policy
Academic Responsibilities
- Econ 302 – Intermediate Macroeconomics
- Econ 330 – Money and Banking Economics
- Econ 513 – Macroeconomic Policy
- Econ 703 – Advanced Macroeconomics
Committees and Professional Memberships
- American Economic Association
- Western Economic Association
- Associate editor, American Economist
Expertise
Research and Scholarly Work
Areas of Research
- Financial regulation
- Monetary policy
- Higher education finance
à£à£Ö±²¥Ðãs and Honors
- Ness School of Management and Economic Graduate Teacher of the Year (2020)
- Ness School of Management and Economic Undergraduate Teacher of the Year (2020)
Grants
- Dykhouse Scholar in Money, Banking and Regulation (2011-2014). Project: To establish and direct a Center for Monetary and Banking Studies in the Department of Economics at South à£à£Ö±²¥Ðã State University. $240,000.
- Canadian Embassy. Faculty Research Grant (2006-08). Project: Examine the origins of the Canadian Wheat Board. $7,500.
- Chicoine Family Excellence in Economics Fund (2007). Project: Extend my research on commodity futures-price efficiency on the Chicago Board of Trade. $2,970.
- South à£à£Ö±²¥Ðã State University. Research Support Fund (2007). Project: Determine how stock and grain futures prices respond, over time, to new information. South à£à£Ö±²¥Ðã State University. $1,570. (with D. Du, formerly of South à£à£Ö±²¥Ðã State University)
- State of South à£à£Ö±²¥Ðã: 2010 Individual Research Seed Grant (2005-08). Project: Examine the evolution, performance and welfare properties of 19th century futures markets at the Chicago Board of Trade. $51,629.
- State of South à£à£Ö±²¥Ðã: The Governor Rounds Technology Grant for Course Redesign (2003-05). This grant program is a state-sponsored derivative of the national Pew Grant Program in Course Redesign. Project: Redesign large enrollment principles curricula to improve student learning at South à£à£Ö±²¥Ðã State University and the University of South à£à£Ö±²¥Ðã. $57,823. (with R. Brown, University of South à£à£Ö±²¥Ðã)
- Faculty/Librarian Instructional Partnership Grant administered by the Minnesota Private College Research Foundation and funded by the Bush Foundation of St. Paul and The Andrew W. Mellon Foundation of New York City (2001). Project: Design and implement an empirical macroeconomics research curriculum for undergraduates. $8,000. (with D. Alexander, formerly reference and electronic resource librarian, South à£à£Ö±²¥Ðã State University)
- State of South à£à£Ö±²¥Ðã: Governor's Grant for Teaching with Technology (1999-2001). Project: Design and implement an internet-based financial system simulation game for undergraduate students. $22,695.
Publications
- Review of The Rise and Fall of United Grain Growers: Cooperatives, Market Regulation and Free Enterprise. (Winnipeg: University of Manitoba Press, 2019), by Paul D. Earl, forthcoming in Great Plains Research
- Holbeck, Michael and Joseph M. Santos, "Estimating an Equitable Distribution of Instructional Resources with an Institution," Journal of Education Finance, 46 (summer 2020): 100-116.
- Santos, Joseph M., "Trading Places: Futures Markets at the Dawn of U.S. Agricultural Policy," Financial History, 132 (winter 2020): 24-27.
- Review of "The Myth of Independence: How Congress Governs the Federal Reserve" (Princeton: Princeton University Press, 2017), by Sarah Binder and Mark Spindel, in Eh.Net (March 2018)
- Santos, Joseph M., "Grain Traitors: A History of the U.S. Futures Contract," Financial History, 127 (fall 2018): 24-26.
- Santos, Joseph M., "Back to the Futures: An Assessment of Market Performance on the Early Winnipeg Grain Exchange," Canadian Journal of Economics, 47 (November 2014): 1426-1448.
