Marc D. Hayford

Marc D. Hayford is a Professor of Economics in the Department of Economics at DePaul University’s Driehaus College of Business. His academic work spans macroeconomics, monetary and fiscal policy, and financial market dynamics, with a strong emphasis on how policy impacts economic behavior and stability. He teaches core courses such as Principles of Macroeconomics, Intermediate Macroeconomics, and Monetary and Fiscal Policy.

Education:

• PhD in Economics, Brown University
• MA in Economics, University of California at Los Angeles
• BA in Economics, Cum Laude, University of California at Los Angeles

His research interests include macroeconomic policy, central bank transparency, asset market volatility, and the economic effects of financial crises. He has extensively studied the Federal Reserve’s response to stock market bubbles, fiscal policy impacts on consumption, and asymmetric effects of monetary policy. His work bridges theoretical models with empirical analysis to inform both academic discourse and practical policy.

The trend in his recent publications shows a sustained focus on monetary policy design, transparency, and risk management in the wake of financial crises. His articles frequently analyze the interaction between central bank actions and financial stability, particularly during periods of economic stress such as the Great Recession. He often employs empirical models like the Taylor Rule and explores behavioral aspects of economic decision-making.

Scientific Awards and Honors:

• President, Illinois Economics Association (2004–2005)
• Beta Gamma Sigma

Marc D. Hayford has served as a referee for top journals including the American Economic Review, Journal of Macroeconomics, and Journal of Money, Credit and Banking. His professional engagement includes active participation in the Midwest Economics Association and Illinois Economics Association. He has advised on curriculum and policy through academic presentations and seminars, contributing significantly to the economics community.

He has presented numerous refereed papers at national and international conferences, including the Allied Social Science Associations, Western Economic Association, and Athenian Policy Forum. His work often explores the role of central banks in managing financial instability and the implications of unconventional monetary policies like quantitative easing.