Michael G. Hadjimichalakis
Associate Professor of Economics
PhD University of Rochester 1970
MA University of Rochester 1968
BA Athens School of Economics, Athens, Greece, 1964

P: (206) 543-5835
Email: mhadjimi@u.washington.edu
Faculty Home Page: http://www.econ.washington.edu/user/mhadjimi

Specialties:

  • Monetary theory-policy
  • Banking and financial markets
  • Domestic and international macroeconomics
  • General equilibrium analysis

Positions Held:

  • University of Washington since 1969.
  • Visiting economist at the Board of Governors of the Federal Reserve System,(1980-82).
  • Bank of Japan (1984).

Courses Taught:

  • Currently:  Econ 301H, Honors Intermediate Macroeconomics
                    Econ 421, Money, Credit, and the Economy
  • Previously: Econ 502, 503, Graduate (Core) Macroeconomics
                     Econ 512, Graduate Monetary Theory & Policy
                     Econ 514, Graduate General Equilibrium Microeconomics
                     Econ 571, Graduate International Trade Theory
                     Econ 572, Graduate International Macroeconomics

Selected Publications

    Books:

  • Contemporary Money, Banking, and Financial Markets: Theory and Practice, co-authored with Karma G. Hadjimichalakis, Irwin (1995),
  • Contemporary Macroeconomics: Theory and Policy, co-authored with Karma G. Hadjimichalakis, Irwin Custom Publishing (1996),
  • The Federal Reserve, Money, and Interest Rates:The Volcker Years and Beyond, Praeger, 1984,
  • [UK] The Federal Reserve, Money, and Interest Rates: The Recent Experience with Monetarism, Praeger, 1984,  
  • Monetary Policy and Modern Money Markets,Lexington Books, D.C. Heath and Co., 1982
  • Modern Macroeconomics: An Intermediate Text,Prentice Hall, 1982
    Articles:
  • "Money, Expectations, and Dynamics: An Alternative View," International of Economic Review, October 1971,pp. 381-402.
  • "Equilibrium and Disequilibrium Growth with Money: The Tobin Models," Review of Economic Studies, October 1971, pp. 457-479.
  • "On the Effectiveness of Monetary Policy as a Stabilization Device," Review of Economic Studies, October 1973, pp. 560-570.
  • "Expectations of the Myopic Perfect Foresight Variety in Monetary Dynamics: Stability and Nonneutrality of Money," Journal of Economic Dynamics and Control, 3, 1981, pp. 157-176.
  • "The Rose-Wicksell Model: Inside Money, Stability, and Stabilization," Journal of Macroeconomics, Vol. 3, 1981, pp. 369-390.
      Translated Books:

  • Contemporary Money, Banking, and Financial Markets: Theory and Practice, co-authored with Karma G. Hadjimichalakis, Japanese Translation published by Taga Shuppan, Tokyo, 1998.,
  • Contemporary Money, Banking, and Financial Markets: Theory and Practice, co-authored with Karma G. Hadjimichalakis, Chinese Translation published by Shanghai Peoples Publishing House, 2004
  • The Federal Reserve, Money, and Interest Rates:The Volcker Years and Beyond,
  • Japanese Translation published by Toyo Keizai Shinposha, 1986.

Current Research

  • Monetary Theory/Policy
  • Commercial Banking
  • Central Banking
  • Macroeconomic Theory/Policy

Congressional Testimony

    "The Appropriate Conduct of Monetary Policy for 1988: Testimony Before the Joint Economic Committee, United States Congress." Joint Economic Committee Hearing on the 1988 Economic Report of the President, January 21, 1988, and Appropriate Federal Reserve Response to the Stock Market crash of October 1987.

Teaching Awards and Recogonition

  • Henry Buechel Memorial Award for Distinguished Undergraduate Teaching, 1995.
  • Repeatedly rated the best professor in exit surveys of graduating economics seniors from 1993 to 2002.

Academic Service

  • Current Member of Faculty Senate
  • Member of Senate Faculty Council on Faculty Affairs.