John V. Duca

  • Robert S. Danforth and Ben W. Lewis Professor of Economics
  • Co-Chair of Business

Education

  • PhD, Princeton University
  • BA, summa cum laude, Phi Beta Kappa, Yale University

Biography

John V. Duca joined Oberlin in the spring of 2018 to teach advanced macroeconomics, money and banking, and intermediate macroeconomics. From 1991 to 2017, he worked at the Federal Reserve Bank of Dallas, where he last served as the associate director of research and vice president, supervising research in macroeconomics and finance. From 1986 to 1991, he was at the Federal Reserve Board where he briefed former chair Paul Volcker, former chair Alan Greenspan, and the Federal Reserve Board. He is currently an emeritus economist at the Federal Reserve Bank of Dallas.

Duca has taught part time at Southern Methodist University and the University of Maryland. He has published about 60 articles on macroeconomics, money, housing and real estate, credit, wages, and political economy in refereed journals such as the American Economic Review, Journal of Economic Literature, International Economic Review, Economic Journal, Journal of Money, Credit, and Banking, Journal of Urban Economics, and Journal of Banking and Finance.

Duca looks forward to actively engaging with students in the classroom, economics majors committees and clubs, and other campus activities to help prepare them for their careers and enrich their lives.

In his spare time, he enjoys gardening and fishing, and is a fan of history and cinema.

Spring 2025

Money, the Financial System, and the Economy — ECON 211
Macroeconomic Theory and Policy — ECON 351
Seminar: U.S. Monetary Policy — ECON 440

Notes

John Duca Presents Papers

December 30, 2021

Danforth-Lewis Professor of Economics John Duca remotely presented "What Drives House Prices: Lessons from the Literature," to the Federal Housing Finance Agency on December 1. Duca also remotely presented the paper, "How New Fed Corporate Bond Programs Cushioned the Covid-19 Recession," at the World Banking and Finance Symposium on December 17.

John Duca Publishes Multiple Journal Articles

September 24, 2021

Danforth-Lewis Professor of Economics John Duca has published "What Drives House Price Cycles: International Experience and Policy Issues," in the Journal of Economic Literature, and "What Drives House Prices: Lessons from the Literature," as a short and accessible article in VoXEU. Also accepted for publication by the Journal of Government and Economics is the article, "An Overview of The Fed’s New Credit Policy Tools and Their Cushioning Effect on the COVID-19 Recession."

John Duca Presents at IFABS 2021 Oxford Conference

September 17, 2021

Danforth-Lewis Professor of Economics John Duca presented "How New Fed Corporate Bond Programs Cushioned the Covid-19 Recession" at the virtual IFABS 2021 Oxford Conference, September 13-15, 2021.

John Duca presents research and publishes several papers

June 8, 2021

Danforth-Lewis Professor of Economics John Duca (virtually) presented two studies at the Annual Conference of the French Finance Association in May 2021 which analyzed the effectiveness of Federal Reserve efforts to stabilize the corporate and municipal bond markets during the COVID-19 Recession. One of these appeared as NBER Working Paper 28097 in November 2020 and the other as NBER Working Paper 28437 in February 2021. 

Earlier this year, Applied Economics Letters electronically published a paper that Duca coauthored with Jason Saving, “Media fragmentation and the polarization of the American public.” Together with European coauthors Martin Hoesli and Joaquim Montezuma, Duca also published a timely paper in the Journal of European Real Estate Research, “The Resilience and Realignment of House Prices in the Era of COVID-19.”

 

John V. Duca publishes journal article

September 18, 2020

John V. Duca, Danforth-Lewis Professor of Economics, and Aaron Kreiner '19 had their joint paper published, "Can Machine Learning on Economic Data Better Forecast the Unemployment Rate?" in Applied Economics Letters, Vol. 27, Issue 17, 1434-37.

John Duca Publishes Paper on House Price Cycles

June 4, 2020

Danforth-Lewis Professor of Economics John Duca's paper “What Drives House Price Cycles? International Experience and Policy Issues,” was accepted by the Journal of Economic Literature: It ws co-authored with John Muellbauer and Anthony Murphy.

John Duca Presents Paper on Financial Stability, Chairs Conference Session

January 5, 2020

Danforth-Lewis Professor of Economics John Duca presented a financial stability paper, “The Double Real Estate Bubble of the Mid-2000s and the Great Recession: How a Retreat from Reasonable Regulation Led to a Minsky Moment” at the conference Minsky at 100: Revisiting Financial Instability honoring the 100th birthday of Hyman Minsky, held Dec. 16-17, 2019, at the Catholic University of the Sacred Heart in Milan, Italy. Duca also chaired a conference session.

News