Walter Enders

Walter Enders
Professor of Economics and Lee Bidgood Chair of Economics and Finance
Economics, Finance & Legal Studies
Office: 249 Alston Hall, 205-348-8972
Specialty Areas:
Open-Economy Macroeconomics, Time-Series Econometrics, Transnational Terrorism.
Education:
University of Toledo (B.A., M.A.), Columbia University (M. Phil. Ph.D.).
Honors, Achievements and Affiliations:
Dr. Enders' current research focuses on the development and application of time-series models to areas in economics and finance. Applications include estimates of the term-structure of interest rates, the behavior of real and nominal exchange rates and rational-actor models of transnational terrorism. Dr. Enders has published numerous research articles in such journals as the Review of Economics and Statistics, Quarterly Journal of Economics, and the Journal of International Economics. He has also published articles in the American Economic Review (a journal of the American Economic Association), the Journal of Business and Economic Statistics (a journal of the American Statistical Association), and the American Political Science Review (a journal of the American Political Science Association). Dr. Enders' Applied Econometric Time-Series is the leading book in the field. He has formal editorial responsibilities for three different journals in the area of international economics and has served as a policy advisor to Ukraine.

Dr. Enders and Todd Sandler jointly received the National Academy of Sciences Estes Award for Behavioral Research Relevant to the Prevention of Nuclear War. The award recognizes basic research in any field of cognitive or behavioral science that has employed rigorous formal or empirical methods, optimally a combination of these, to advance our understanding of problems or issues relating to the risk of nuclear war. The National Academy presented the award for their joint work on transnational terrorism using game theory and time series analysis to document the cyclic and shifting nature of terrorist attacks in response to defensive counteractions.

Selected Publications

  • The Political Economy of Terrorism, 2nd edition. (With Todd Sandler.) Cambridge University Press. Forthcoming.
  • “A Unit Root Test Using a Fourier Series to Approximate Smooth Breaks.”  (With Junsoo Lee.)  Oxford Bulletin of Economics and Statistics.  Forthcoming.
  • “Who Adopts MIND/FIND in INTERPOL’s fight Against International Crime and Terrorism?”  (With Todd Sandler.)  Public Choice.  Forthcoming.
  • “Information in the U.S. Term Treasury Structure of Interest Rates.”  (With B. Brooks and B. Cline.)  The Financial Review.  Forthcoming.
  • “Domestic versus Transnational Terrorism:  Data, Decomposition and Dynamics.”  (With Todd Sandler and K. Gaibulloev.)  Journal of Peace Research.  May 2011.
  • “An Evaluation of INTERPOL’s Cooperative-based Counterterrorism Linkages.” (With Todd Sandler and Dan Arce.) Journal of Law and Economics. February 2011.
  • “Sources of the Great Moderation: A Time-Series Analysis of GDP Subsectors.” (With Jun Ma.) Journal of Economic Dynamics and Control. January 2011.
  • Applied Econometric Time Series, 3rd edition, New York:  John Wiley and Sons. 2010.
  • “The Taylor Rule and “Opportunistic” Monetary Policy.” (With Helle Bunzel.) Journal of Money, Credit, and Banking. August 2010.
  • “Network Externalities and Terrorist Network Structure.” (With Paan Jindapon.) Journal of Conflict Resolution. April 2010. 
  • “Assessing the Importance of Global Shocks versus Country-Specific Shocks.” (With Kaouthar Souki.)    Journal of International Money and Finance. December 2008.
  • “Non-white Poverty and the Macroeconomy: The Impact of Growth.” (With G. Hoover and Don Freeman.)  American Economic Association Papers and Proceedings. May 2008.
  • “Using the Aggregate Demand-Aggregate Supply Model to Identify Structural Demand-Side and Supply-Side Shocks:  Results Using a Bivariate VAR.” (With James Cover and C. James Hueng.) Journal of Money, Credit and Banking. April 2006.
  • Who’s Line Is It?: A Survey of Plagiarism in the Economics Profession.” (With Gary Hoover.) Journal of Economic Literature. June 2004.