Welcome to Dave Rapach's Homepage

David E. Rapach (rapachde@slu.edu)
John Simon Endowed Chair in Economics
Professor of Economics, John Cook School of Business

Fields of Specialization: Financial Economics, Asset Pricing, Dynamic Asset Allocation, Applied Time Series Econometrics, Forecasting, International Finance, Macroeconomics, Monetary Economics

Mailing Address: Department of Economics, Saint Louis University, 3674 Lindell Boulevard, St. Louis, MO 63108-3397; Telephone: 314-977-3601; Fax: 314-977-1478

Research (papers, data/program files)

Recent Activities/Highlights

Bonnie Wilson and I wrote a paper for an upcoming volume on the recent crisis at Saint Louis University that reached a fever pitch during the 2012–2013 academic year; we use economic growth theory, including insights from Acemoglu and Robinson's Why Nations Fail, to analyze the crisis

A paper of mine from “back in the day” (2005, co-authored with Mark Woharon regime changes in real interest rates was referenced in a March 1, 2015 Econbrowser blog post by James Hamilton; the post discusses a new paper on the equilibrium real fed funds rate by James Hamilton, Ethan Harris, Jan Hatzius, and Kenneth West

Along with Maria Arias and Charles Gascon of the St. Louis Fed, I developed monthly economic-activity indices for the 50 largest US MSAs beginning in 1990; the indices are now available on FRED

My paper, Return Predictability and Dynamic Asset Allocation: How Often Should Investors Rebalance?” (co-authored with Himanshu Almadi and Anil Suri), appears as the lead article in the Summer 2014 issue of the Journal of Portfolio Management; I did an interview with the JPM for a Practical Applications Report accompanying the article

My paper, “Forecasting the Equity Risk Premium: The Role of Technical Indicators” (co-authored with Christopher Neely, Jun Tu, and Guofu Zhou), appears in the July 2014 issue of Management Science; earlier versions of the paper are featured in a July 17, 2012 CBS MoneyWatch column by Larry Swedroe and a May 4, 2014 Business Forecasting blog post by Clive Jones

I did an  interview (posted on February 9, 2014) with Michael Covel on his popular Trend Following podcast  

ECON 312o Intermediate Macroeconomics, Fall 2014 Materials


ECON 4200 Money and Banking, Fall 2015 Materials

ECON 6520 Forecasting Macroeconomic and Financial Variables, Spring 2015 Materials

ECON 6550 Applied Optimization Methods for Financial Economics, Summer 2015 Materials

Problem Set 1 (due Friday, June 12, 2015)
Problem Set 2 (due Tuesday, June 23, 2015)
Problem Set 3 (due Tuesday, June 30, 2015)
Class 1: slidesdata/program files
Class 2: slides; data/program files
Class 3: slides; data/program files