Professor Ronald Ratti
PROFESSOR,
Economics & Finance (SoBus)
Personal
Qualifications
- PhD Southern Methodist University
- BA University of Lancaster
UWS Organisational Unit (School / Division)
- Economics & Finance (SoBus)
Contact
| Email: | R.Ratti@uws.edu.au |
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| Extension: | 9346 |
| Mobile: | |
| Location: | ED.G.153 Parramatta |
| Website: |
Biography
Ron Ratti specializes in macro finance, energy economics and money and banking. He has published many papers in A* and A journals on Australian Business Deans Council (ABDC) list including papers in top journals such as Quarterly Journal of Economics, Review of Economics and Statistics, Journal of Economic Theory, Journal of Monetary Economics, Journal of Public Economics, Journal of International Money and Finance, Journal of Money, Credit and Banking and Journal of Banking and Finance. His work has a large and growing number of citations with over 50 new citations per year. Ron Ratti received his PhD from Southern Methodist University and his BA from the University of Lancaster in England. Ron served as Professor at the University of Missouri, Columbia. He has been a visiting scholar at the Federal Reserve Bank of St. Louis, the Federal Reserve Bank of Kansas City and the Korea Institute Finance, Seoul, Academic Visitor at the London School of Economics, and as a Fulbright Professor at Korea University, Seoul, Korea. He has directed over 50 doctoral dissertations for students. Former students work at a number of universities and international institutions including the International Monetary Fund, the World Bank, the Organization for Economic Co-operation and Development, and the U.S. Treasury Department. Examples of recent work include the following: A 2011 paper in Macroeconomic Dynamics finds that oil price shocks depress firms’ investment decisions, and do so differentially by depressing investment more for more uncertain firms. In the short term, mere existence of a shock drives most of the effect. In the long term, intensiveness of the oil shock is also important; A paper in Energy Economics in 2008 showing that oil price shocks have a statistically significant impact on real stock returns contemporaneously and/or within the following month in the U.S. and 13 European countries; A paper in Energy Economics in 2009 finds support for a conjecture of change in the relationship between real oil price and real stock prices in the last decade compared to earlier years, which may suggest the presence of several stock market bubbles and/or oil price bubbles since the turn of the century. A paper in Journal of Banking and Finance in 2008 on the effect of bank concentration on financing constraints of non-financial firms reports results consistent with an information-based hypothesis that more market power increases banks’ incentives to produce information on potential borrowers.
This information has been contributed by Professor Ratti.
Publications
Journal Articles
- Mishra, A. and Ratti, R. (2013), 'Home bias and cross border taxation', Journal of International Money and Finance, 25.
- Mishra, A. and Ratti, R. (2012), 'Home bias and cross border taxation', Journal of International Money and Finance, .
- Yoon, K. and Ratti, R. (2011), 'Energy price uncertainty, energy intensity and firm investment', Energy Economics, 12.
- Mishra, A. and Ratti, R. (2011), 'Governance, monitoring and foreign investment in Chinese companies', Emerging Markets Review, 18.
- Ratti, R., Seol, Y. and Yoon, K. (2011), 'Relative energy price and investment by European firms', Energy Economics, 11.
- Ratti, R., Lee, K., Kang, W., Ratti, R. and Kang, W. (2011), 'Oil Price Shocks, Firm Uncertainty, And Investment', Macroeconomic Dynamics, 21.
- Ratti, R., Lee, K., Kang, W., Ratti, R. and Kang, W. (2011), 'Oil Price Shocks, Firm Uncertainty, And Investment', Macroeconomic Dynamics, 21.
- Ni, S. and Ratti, R. (2009), 'Heterogeneous Parameter Uncertainty and the Timing of Investment during Crisis', Economics: The Open-Access, Open-Assessment E-Journal, 29.
- Millar, J. and Ratti, R. (2009), 'Crude oil and stock markets: Stability, instability, and bubbles', Energy Economics, 10.
- Ratti, R. and Park, J. (2008), 'Oil Price Shocks and Stock Markets in the U.S. and 13 European Countries', Energy Economics, 22.
- Ratti, R. and Bae, S. (2008), 'Conservative Central Banks and Nominal Growth, Exchange Rate, and Inflation Targets', Economica, 20.
- Ratti, R., Lee, S. and Seol, Y. (2008), 'Bank Concentration and Financial Constraints on Firm-level Investment in Europe', Journal of Banking and Finance, 11.
- An, J., Bae, S. and Ratti, R. (2007), 'Political Influence and the Banking Sector: Evidence from Korea', Oxford Bulletin of Economics and Statistics, 24.
- Kim, J. and Ratti, R. (2006), 'Economic Activity, Foreign Exchange Rate, and the Interest Rate During the Asian Crisis', Journal of Policy Modeling, 16.
- Kang, S., Park, K. and Ratti, R. (2004), 'Alternative indicators to predict the probability of declining inflation', Cambridge Journal of Economics, 21.
- Kim, K., Park, K., Ratti, R. and Shin, H. (2004), 'Do main banks extract rents from their client firms? Evidence from Korean chaebol', Hitotsubashi Journal of Economics, 31.
- Telatar, E., Telatar, F. and Ratti, R. (2003), 'On the Predictive Power of the Term Structure of Interest Rates for Future Inflation in the Presence of Political Instability: the Turkish Economy', Journal of Policy Modeling, 16.
- Ratti, R. and Seo, J. (2003), 'Multiple Equilibria and Currency Crisis: Evidence for Korea', Journal of International Money and Finance, 16.
- Ratti, R. (2002), 'On Optimal Contracts for Central Bankers and Inflation and Exchange Rate Targeting Regimes', Journal of Money, Credit & Banking, 8.
- Lee, B., Lee, K. and Ratti, R. (2001), 'Monetary Policy, Oil Price Shocks, and the Japanese Economy', Japan and the World Economy, 29.
- Bae, S. and Ratti, R. (2000), 'Long-run neutrality, high inflation, and bank insolvencies in Argentina and Brazil', Journal of Monetary Economics, 24.
- Park, K. and Ratti, R. (2000), 'Real activity, inflation, stock returns, and monetary policy', Financial Review, 20.
- Choi, J. and Ratti, R. (2000), 'The predictive power of alternative indicators of monetary policy', Journal of Macroeconomics, 30.
- Chu, J. and Ratti, R. (1999), 'On the relevance of distinctions between anticipated, unanticipated expansionary, and unanticipated contractionary monetary policy', Journal of Economics and Business, 23.
- Park, J. and Ratti, R. (1998), 'Stationary data and the effect of the minimum wage on teenage employment', Applied Economics, 6.
- Kim, J., Ni, S. and Ratti, R. (1998), 'Monetary policy and asymmetric response in default risk', Economics Letters , 8.
- Chu, J. and Ratti, R. (1997), 'Effects of unanticipated monetary policy on aggregate Japanese output : the role of positive and negative shocks', Canadian Journal of Economics , 20.
- Ratti, R. (1997), 'The stabilizing properties of a nominal GNP rule : a comment', Journal of Money, Credit, and Banking, 7.
- Lee, K. and Ratti, R. (1996), 'On asymmetric costs of disequilibrium and forecasting money demand', Journal of Macroeconomics , 18.
- Ratti, R. and Jeong, B. (1994), 'Variation in the real exchange rate as a source of currency substitution', Journal of International Money and Finance, 14.
Conference Papers
- Ratti, R. and Hasan, M. (2012), 'Oil price shocks and volatility in Australian stock returns', Global Accounting, Finance & Economics Conference, Melbourne.
- Ham, R., Ratti, R. and Yoon, K. (2012), 'Oil and Carbon Prices: Asymmetries, Instability and Spillovers', The 41st Australian Conference of Economists, Victoria University.
- Ratti, R. and Hasan, Z. (2012), 'Oil price shocks and volatility in Australian stock returns', Global Accounting, Finance and Economics Conference, Melbourne, Vic..
- Ratti, R. and Yoon, K. (2012), 'Oil and carbon prices : asymmetries, instability and spillovers', Australian Conference of Economists, Victoria University.
- Mishra, A. and Ratti, R. (2010), 'Home Bias And Cross Border Taxation', Australian Conference Of Economists, Sydney, NSW.
- Ratti, R., Yoon, K. and Seol, Y. (2010), 'Relative energy price and investment by european firms', 2010 Oxford Business & Economics Conference, Oxford University,UK.
- Lee, K., Kang, W. and Ratti, R. (2010), 'Oil Price Shocks, Firm Uncertainty and Investment', 39th Australian Conference of Economists, Sydney.
- Mishra, A. and Ratti, R. (2009), 'Governance, Monitoring and Foreign Investment in Chinese Companies', Trade and Industry in Asia Pacific:History Trends and Prospects : ARC Asia Pacific Futures Research Network Conference, ANU Canberra.
- Mishra, A. and Ratti, R. (2009), 'Foreign Investment in Chinese Stock Market, Monitoring and Home Bias', International Finance Conference 2009, IIM Calcutta, India.
- Ratti, R. and Yoon, K. (2009), 'Energy Price Uncertainty, Energy Intensity and Firm-Level Investment', Asian Finance Association International Conference 2009, Brisbane, Australia.
- Ratti, R. and Yoon, K. (2009), 'Energy Price Uncertainty, Energy Intensity and Firm-Level Investment', 4th Annual International Symposium on Economic Theory, Policy and Applications, Athens, Greece.
Supervision
Professor Ratti is available to be a principal supervisor for doctoral projects
Current Supervision
| Title: | Determinants of Inflation in Bangladesh |
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| Field of Research: | |
| Title: | Cross Border Portfolio Investments and Home Bias |
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| Title: | Volatility Spillover Effect and Comparative Study of Emerging versus Mature Markets |
| Field of Research: | |
| Title: | Foreign Investment and Financial Integration in the Middle East |
| Field of Research: | |
| Title: | Macroeconomic Uncertainty and Debt Sustainability in Indonesia |
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Previous Supervision
| Title: | Energy Price Shocks and the Stock Market |
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| Field of Research: | BUSINESS AND MANAGEMENT |
| Thesis: | Energy Price Shocks and the Stock Market |
