{"id":4963,"date":"2009-09-14T22:15:26","date_gmt":"2009-09-14T22:15:26","guid":{"rendered":"http:\/\/www.uwb.edu\/?p=4963"},"modified":"2025-08-03T20:49:35","modified_gmt":"2025-08-04T03:49:35","slug":"steve-holland","status":"publish","type":"page","link":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland","title":{"rendered":"Steve Holland"},"content":{"rendered":"\n

Profile | Curriculum Vitae<\/a><\/p>\n\n\n\n

Professor (emeritus)<\/p>\n\n\n\n

hollands@uw.edu<\/a>
\n(425) 352-5232
\nUW2-339<\/p>\n\n\n\n

Dr. Holland has taught at the University of Kentucky, the University of Michigan, the University of Colorado, and Texas State University and served as Economist for the Federal Reserve Bank of St. Louis.<\/p>\n\n\n\n

He served as Director of the Business Program at UW Bothell from 2002-09. Previous administrative appointments include Vice President of the Economics Institute and Chair of the Department of Finance and Economics at Texas State University.<\/p>\n\n\n\n

His primary teaching and research interest is financial economics and his publications dealing with inflation, interest rates, and real estate have appeared in such journals as American Economic Review; Journal of Business; Review of Economics and Statistics; Journal of Money, Credit, and Banking; Real Estate Economics; and Economic Inquiry.<\/p>\n\n\n\n

EDUCATION
\n1979\u201383 Michigan State University, Ph.D., Economics
\n1975\u201376 Vanderbilt University, M.A., Economics
\n1972\u201375 University of South Carolina, B.S., Economics<\/p>\n\n\n\n

TEACHING EXPERIENCE
\nPh.D. level: Macroeconomic Theory, Advanced Macroeconomic Theory, Seminar in Macroeconomics, Seminar in Monetary Policy<\/p>\n\n\n\n

MBA level: Global Macroeconomics, Macroeconomic Theory and Policy, Economics of Money and Credit, Business Conditions Analysis<\/p>\n\n\n\n

Undergraduate level: Financial Markets and Institutions, Intermediate Macroeconomic Theory, Money and Banking, Business Conditions, Intermediate Microeconomic Theory, International Finance and Trade, Introduction to Macroeconomics, Principles of Economics<\/p>\n\n\n\n

POSITIONS HELD
\nAdministrative
\n2013-2014 Associate Dean, Graduate Programs
\n2002-2009 Director of the Business Administration Program
\nUniversity of Washington, Bothell
\n1998\u20132002 Chair, Department of Finance and Economics,
\nSouthwest Texas State University
\n1995\u201398 Acting Vice President, Academic Program (1995-96),
\nChair, Department of Economics and Business (1997-98),
\nEconomics Institute, Boulder, Colorado<\/p>\n\n\n\n

Academic
\n2002\u2013present Professor of Business Administration
\nUniversity of Washington, Bothell
\n1998\u20132002 Professor, Department of Finance and Economics,
\nSouthwest Texas State University (tenured 1998)
\n1994\u201398 Associate Professor, Economics Institute
\nAdjunct Associate Professor, Department of Economics,
\nUniversity of Colorado-Boulder
\n1985\u201394 Associate Professor (1991-94) and Assistant Professor (1985-91), Department of Economics, University of Kentucky (tenured 1991)
\n1990\u201391 Visiting Assistant Professor, Department of Business Economics, University of Michigan
\n1983 Lecturer, Department of Economics, Michigan State University
\n1976\u201379 Instructor, Department of Economics, Pittsburg State University<\/p>\n\n\n\n

RESEARCH\/PUBLIC POLICY POSITION
\n1983\u201385 Economist, Federal Reserve Bank of St. Louis<\/p>\n\n\n\n

PUBLICATIONS
\n\u201cDuration of Poor Performance, Fund Flows, and Risk-shifting by Hedge Fund Managers<\/a>,\u201d with Hossein B. Kazemi and Ying Li, Global Finance Journal, forthcoming<\/p>\n\n\n\n

\u201cMarket Closings and Concentration of Stock Trading: An Empirical Analysis<\/a>,\u201c with P.V. Balakrishnan, James Miller, and Gowri Shankar, Applied Financial Economics, Vol. 23, No. 17, 2013.<\/p>\n\n\n\n

\u201cEfficiency in NFL Betting Markets: Modifying and Consolidating Research Methods<\/a>,\u201d with William Dare, Applied Economics, January 2004<\/p>\n\n\n\n

“The Role of Uncertainty in Investment: An Examination of Competing Investment Models Using Commercial Real Estate Data<\/a>,” with Steven Ott and Timothy Riddiough, Real Estate Economics, Volume 28, 2000<\/p>\n\n\n\n

“Inflation and Uncertainty: Tests for Temporal Ordering<\/a>,” Journal of Money, Credit, and Banking, August 1995<\/p>\n\n\n\n

“Inflation and Wage Indexation in the Postwar United States<\/a>,” Review of Economics and Statistics, February 1995
\n
\n“<\/a>Comment on ‘Inflation Regimes and the Sources of Inflation Uncertainty<\/a>‘,” Journal of Money, Credit, and Banking, August 1993 (Part 2), Proceedings of the Federal Reserve Bank of Cleveland Conference on Inflation Uncertainty<\/p>\n\n\n\n

“Uncertain Effects of Money and the Link between the Inflation Rate and Inflation Uncertainty<\/a>,” Economic Inquiry, January 1993<\/p>\n\n\n\n

“The Baby Boom and the Housing Market: Another Look at the Evidence<\/a>,” Regional Science and Urban Economics, December 1991<\/p>\n\n\n\n

“The Role of the Federal Reserve as ‘Lender of Last Resort’ and the Seasonal Fluctuation of Interest Rates<\/a>,” with Mark Toma, Journal of Money, Credit, and Banking, November 1991<\/p>\n\n\n\n

“Indexation and the Effect of Inflation Uncertainty on Real GNP<\/a>,” Journal of Business, October 1988<\/p>\n\n\n\n

“Indexation and the Effect of a Price-Level Shock on Relative Wage Variability<\/a>,” with James Fackler, Review of Economics and Statistics, August 1988<\/p>\n\n\n\n

“The Changing Responsiveness of Wages to Price-Level Shocks: Explicit and Implicit Indexation<\/a>,” Economic Inquiry, April 1988<\/p>\n\n\n\n

“Wage Indexation and the Effect of Inflation Uncertainty on Employment: An Empirical Analysis<\/a>,<\/a>” American Economic Review, March 1986<\/p>\n\n\n\n

“Rational Expectations and the Effects of Monetary Policy: A Guide for the Uninitiated<\/a>,” Federal Reserve Bank of St. Louis Review, May 1985. Reprinted in Cole, Don, ed., Macroeconomics 89\/90, Dushkin, 1989<\/p>\n\n\n\n

“Real Interest Rates: What Accounts for Their Recent Rise?<\/a>” Federal Reserve Bank of St. Louis Review, December 1984. Reprinted in Wilcox, James A., ed., Current Readings on Money, Banking, and Financial Markets, Little, Brown, 1987<\/p>\n\n\n\n

“The Impact of Inflation Uncertainty on the Labor Market<\/a>,” Federal Reserve Bank of St. Louis Review, August\/September 1984<\/p>\n\n\n\n

“Has the Deregulation of Deposit Interest Rates Raised Mortgage Rates?<\/a>” with R. Alton Gilbert, Federal Reserve Bank of St. Louis Review, May 1984<\/p>\n\n\n\n

“Does Higher Inflation Lead to More Uncertain Inflation?<\/a>” Federal Reserve Bank of St. Louis Review, February 1984<\/p>\n","protected":false},"excerpt":{"rendered":"

Profile | Curriculum Vitae Professor (emeritus) hollands@uw.edu (425) 352-5232 UW2-339 Dr. Holland has taught at the University of Kentucky, the University of Michigan, the University of Colorado, and Texas State University and served as Economist for the Federal Reserve Bank of St. Louis. He served as Director of the Business Program at UW Bothell from…<\/p>\n","protected":false},"author":44,"featured_media":0,"parent":769,"menu_order":51,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_is_archived":false,"_archived_contact_email":"","footnotes":""},"class_list":["post-4963","page","type-page","status-publish","hentry"],"acf":{"related_links":{"toggle_visibility":false,"link_1":"","link_2":"","link_3":"","link_4":"","link_5":""},"highlight_box":{"toggle_visibility":false,"title":"","content":"","button":"","button_style":"angled-purple-button","button_screen_reader_text":""},"contact_type_1":{"toggle_visibility":true,"contact_title":"School of Business","email":"uwbbusiness@uw.edu","phone":"425.352.5394","box":"Box 358533","address_line_1":"18807 Beardslee Blvd, Suite 210","address_line_2":"Bothell, WA 98011","location":""},"contact_type_2":{"toggle_visibility":false,"contact_title":"","email":"","phone":"","box":"","address_line_1":"","address_line_2":"","location":""},"social_media":{"toggle_visibility":false,"facebook_url":"","instagram_url":"","linkedin_url":"","twitter_url":"","youtube_url":""},"blog_archive_sidebar_visibility":false},"yoast_head":"\nSteve Holland - School of Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steve Holland - School of Business\" \/>\n<meta property=\"og:description\" content=\"Profile | Curriculum Vitae Professor (emeritus) hollands@uw.edu (425) 352-5232 UW2-339 Dr. Holland has taught at the University of Kentucky, the University of Michigan, the University of Colorado, and Texas State University and served as Economist for the Federal Reserve Bank of St. Louis. He served as Director of the Business Program at UW Bothell from...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland\" \/>\n<meta property=\"og:site_name\" content=\"School of Business\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-04T03:49:35+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland\",\"url\":\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland\",\"name\":\"Steve Holland - School of Business\",\"isPartOf\":{\"@id\":\"\/#website\"},\"datePublished\":\"2009-09-14T22:15:26+00:00\",\"dateModified\":\"2025-08-04T03:49:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uwb.edu\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Faculty\",\"item\":\"https:\/\/www.uwb.edu\/business\/faculty\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Steve Holland\"}]},{\"@type\":\"WebSite\",\"@id\":\"\/#website\",\"url\":\"\/\",\"name\":\"School of Business\",\"description\":\"Just another UW Bothell site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Steve Holland - School of Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland","og_locale":"en_US","og_type":"article","og_title":"Steve Holland - School of Business","og_description":"Profile | Curriculum Vitae Professor (emeritus) hollands@uw.edu (425) 352-5232 UW2-339 Dr. Holland has taught at the University of Kentucky, the University of Michigan, the University of Colorado, and Texas State University and served as Economist for the Federal Reserve Bank of St. Louis. He served as Director of the Business Program at UW Bothell from...","og_url":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland","og_site_name":"School of Business","article_modified_time":"2025-08-04T03:49:35+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland","url":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland","name":"Steve Holland - School of Business","isPartOf":{"@id":"\/#website"},"datePublished":"2009-09-14T22:15:26+00:00","dateModified":"2025-08-04T03:49:35+00:00","breadcrumb":{"@id":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uwb.edu\/business\/faculty\/steve-holland"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.uwb.edu\/business\/faculty\/steve-holland#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uwb.edu\/business\/"},{"@type":"ListItem","position":2,"name":"Faculty","item":"https:\/\/www.uwb.edu\/business\/faculty"},{"@type":"ListItem","position":3,"name":"Steve Holland"}]},{"@type":"WebSite","@id":"\/#website","url":"\/","name":"School of Business","description":"Just another UW Bothell site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/pages\/4963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/comments?post=4963"}],"version-history":[{"count":7,"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/pages\/4963\/revisions"}],"predecessor-version":[{"id":31025,"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/pages\/4963\/revisions\/31025"}],"up":[{"embeddable":true,"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/pages\/769"}],"wp:attachment":[{"href":"https:\/\/www.uwb.edu\/business\/wp-json\/wp\/v2\/media?parent=4963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}