Stein, Jerome L. Born Nov. 14, 1928, Brooklyn
Married Hadassah Levow August 1950. Children. Seth, William Deering Professor Geological Sciences, Northwestern University, Evanston Illinois; Gil, Director Oriental Institute University of Chicago; Ilana Ben-Ze’ev, partner law firm, Bodman LLP Michigan.
Joined Department of
Visiting professor: Hebrew University, Jerusalem Israel 1965-66, 1972-73; Ford Foundation research professor of Economics, University of California, Berkeley 1979-80; Sorbonne Paris, Paris 1982; Tohoku University, Tohoku Japan 1983, Fellow Japan Society for the Advancement of Science; Haute Études Commerciale HEC France, 1987; Monash University, University of Melbourne, Australia 1989; University Bordeaux IV, France 1990; Université de la Méditerranée, Aix Marseille II France, 1992, 1995 – 1998; La Spienza, University Rome, Italy, 1994. University
Economic Growth in a Free Market (with G. H. Borts), Columbia University Press 1964; Money and Capacity Growth, , Columbia, University Press 1971; Monetarist, Keynesian and New Classical Economics, Blackwell, 1982; Monetarism, North Holland, 1976; Economics of Futures markets, Blackwell, 1986; Fundamental Determinants of Exchange Rates, Oxford University Press, 1995; Stochastic Optimal Control, International Finance and Debt Crises, Oxford University Press, 2006.
Honors
Ford Foundation Faculty Fellowship 1961-62; Social Science Research Council Faculty Fellowship 1965-66; John Simon Guggenheim Fellowship 1972-73; National Science Foundation Grants ; Ford Foundation Grants Fellow of Japan Society for the Promotion of Science 1983; Docteur Honoris Causa, l’Université de la Méditerranée Aix- Marseille II 1997. Keynote Speaker international conferences concerning optimization: EUROPT-2007,
Professional acivities
Associate Editor, Journal of Finance, Director, International Finance, American Finance Association 1965-70; Board of Editors, American Economic Review, 1974-80; Associate Editor, Journal of International and Comparative Economics. Associate Editor, Journal of Banking and Finance (JBF), Editor special issues: "Real and Nominal Exchange Rates.", JBF (1997); Intertemporal Optimization in a Stochastic Environment" JBF (2007); Editor, special issue of Australian Economic Papers (AEP), "Stochastic Models in Economics and Finance", (2005); "Exchange Rates in Europe and Australasia" AEP (2002); Economic Record, "Futures Markets.".
Consultant: Department of Commerce, 1972; National Science Foundation, site; visitor; Board of Governors of the Federal Reserve System 1973, 1976; International Monetary Fund, 1994; European Central Bank, 1999; Social Science Research Council Faculty Research Grants Committee 1969-72; Chairman 1971-72.
Research Interests
My main research interest is interdisciplinary modeling between applied mathematics and important economic problems. Fruitful collaboration with Ettore Infante (DAM) to economic growth, fiscal policy and stabilization policy 1969 – 80, and with Wendell H. Fleming (DAM) 1997 – present using stochastic optimal control and dynamic programming to international finance. Currently I am applying it to the mortgage crisis 2007 – 2008.
NATREX model of the equilibrium real exchange attracted attention of central banks: Banque de France, Deutsche Bundesbank, European Central Bank, Czech National Bank, Central Bank of
This is interdisciplinary research, with Wendell Fleming of DAM, applying the state of art techniques in stochastic optimal control to important economic problems. They are primarily the recent debt crises, including the mortgage debt crisis. Invited speaker/keynote: American Mathematical Society, World Congress Nonlinear Analysis, European Society for Optimization (EUROPT) conferences in
