• Associate Professor of Economics and Business Studies
  • Director, Business Studies
  • Director, Wall Street Semester Program

Short Bio

Marc Tomljanovich hails from the suburbs of Boston, Massachusetts. For college, he left the safety of the East Coast, acquiring a Bachelor of Arts from Northwestern University in 1992, double majoring in economics and political science, and his PhD from Cornell University in 1998, and has been teaching at liberal arts colleges (Union College, Colgate University) since then. He is the director of Drew University’s Wall Street Semester Program. Marc’s work has appeared in numerous peer-reviewed journals, including American Economic Review, Southern Economic Journal, Journal of Futures Markets, Empirical Economics and Contemporary Economic Policy. In 2006 he was the recipient of a National Sciences Foundation grant that helped fund an annual national workshop for macroeconomics research at liberal arts colleges.  In 2008 and 2010 he was a visiting scholar at National Sun Yat Sen University in Taiwan. Last but by no means least, Marc is a devout Red Sox fan.

Research Interests

Marc’s research focuses on applied macroeconomic issues, including the impact of monetary policy structures on financial markets, the influence policymakers have on regional and national economic growth, and the effects of options listings on underlying financial instruments.

  Selected Publications/Working Papers

  • Inflation Targeting and Financial Market Efficiency (with Roisin O’Sullivan); Applied Financial Economics (forthcoming, 2011).
  • Public Education Expenditures, Taxation and Growth: Linking Data to Theory (with William Blankenau and Nicole Simpson); American Economic Review 97 (2007) 2, 393 – 397.
  • Does Central Bank Transparency Impact Financial Markets? A Cross-Country Econometric Analysis; Southern Economic Journal 73 (2007) 3, 110 – 123.
  • Options Listings and Individual Equity Volatility (with P. Dan Jubinski); Journal of Futures Markets 27 (2007) 1, 1 – 27.
  • What Color Is Alan Greenspan’s Tie? How Central Bank Policy Announcements Have Changed Financial Markets (with Aleksandar Murdzhev*); Eastern Economic Journal 32 (2006) 4, 1 – 23.
  • Income Convergence Across Canadian Provinces in the 20th Century: Almost But Not Quite There (with Joseph deJuan); Annals of Regional Science 39 (2005) 3, 567 – 592.
  • The Role of State Fiscal Policy in State Economic Growth; Contemporary Economic Policy 22 (2004) 3, 318 – 330.

* Colgate University student, class of 2006.