Meet the Dean

Jim Bullard

Dr. Samuel R. Allen Dean of the Mitchell E. Daniels, Jr. School of Business
Distinguished Professor of Service and Professor of Economics
Special Advisor to the President

James “Jim” Bullard, the longest serving sitting president of Federal Reserve Banks and one of the nation's foremost economists and respected scholar-leaders, was chosen in July 2023 as the inaugural dean of the reimagined Mitchell E. Daniels, Jr. School of Business at Purdue University.

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Education

Ph.D., Economics, Indiana University, Bloomington, Indiana, 1990.
Bachelor of Science, Quantitative Methods and Information Systems, and Economics, St. Cloud State University, St. Cloud, Minnesota, 1984.

Interview and appearance requests:
Please email businessmedia@purdue.edu.

(765) 494-4366
businessdean@purdue.edu
Office: Krannert Building 122
Administrative Assistant: Kristy Smith
Dean's Office Leadership Team

“I am humbled and beyond thrilled to lead the Daniels School of Business, named for one of the most influential fiscal leaders of our time. Purdue is known around the world for forward- thinking innovation. I will work to foster that spirit, and I think I can bring some real-world experience to pass on to the next generation of business leaders and innovators. I share Purdue’s vision to build toward the economies of the future.”

— James Bullard

Managing Everyone Everywhere All at Once

James Bullard, the Dr. Samuel R. Allen Dean of Purdue University's Daniels School of Business, has developed an economic model that serves as a benchmark to see how adept U.S. policymakers are at selecting the best policies and provided suggestions for further improvement.

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Journal Articles

Azariadis, Costas and Bullard, James and Singh, Aarti and Suda, Jacek (2019). "Incomplete Credit Markets and Monetary Policy." Journal of Economic Dynamics and Control vol. 103, 83-101. | Related Website |
Bullard, James and Singh, Aarti (2019). "Nominal GDP Targeting With Heterogeneous Labor Supply." Journal of Money, Credit and Banking vol. 52 (1), 37-77. | Related Website |
Bullard, James (2018). "R-star wars: the phantom menace." Business Economics vol. 53 (2), 60-65. | Related Website |
Bullard, James (2016). "Permazero." Cato Journal vol. 36 (2), 415-429. | Related Website |
Antinolfi, Gaetano and Azariadis, Costas and Bullard, James (2016). "The Optimal Inflation Target in an Economy with Limited Enforcement." Macroeconomic Dynamics vol. 20 (Special Issue 2), 582-600. | Related Website |
Bullard, James and Suda, Jacek (2016). "The Stability of Macroeconomic Systems with Bayesian Learners." Journal of Economic Dynamics and Control vol. 62 (1), 1-16. | Related Website |
Bullard, James and Kliesen, Kevin L. (2015). "Three Challenges to Central Bank Orthodoxy." Business Economics vol. 50 (4), 191-199. | Related Website |
Bullard, James and Eusepi, Stefano (2014). "When Does Determinacy Imply Expectational Stability." International Economic Review vol. 55 (1), 1-22. | Related Website |
Arifovic, Jasmina and Bullard, James and Kostyshyna, Olena (2013). "Social Learning and Monetary Policy Rules." Economic Journal vol. 123 (567), 38-76. | Related Website |
Bullard, James and Singh, Aarti (2012). "Learning and the Great Moderation." International Economic Review vol. 53 (2), 375-397. | Related Website |
Bullard, James and Evans, George W. and Honkapohja, Seppo (2010). "A Model of Near-Rational Exuberance." Macroeconomic Dynamics vol. 14 (2), 166-188. | Related Website |
Bullard, James and Schaling, Eric (2009). "Monetary Policy, Determinacy, and Learnability in a Two-Block World Economy." Journal of Money, Credit and Banking vol. 41 (8), 1585-1612. | Related Website |
Bullard, James and Evans, George W. and Honkapohja, Seppo (2008). "Monetary Policy, Judgment and Near-Rational Exuberance." American Economic Review vol. 98 (3), 1163-1177. | Related Website |
Bullard, James and Singh, Aarti (2008). "Worldwide Macroeconomic Stability and Monetary Policy Rules." Journal of Monetary Economics vol. 55 (Supplement), S34-S47. | Related Website |
Bullard, James and Feigenbaum, James (2007). "A Leisurely Reading of the Life Cycle Consumption Data." Journal of Monetary Economics vol. 54 (8), 2305-2320. | Related Website |
Bullard, James and Mitra, Kaushik (2007). "Determinacy, Learnability, and Monetary Policy Inertia." Journal of Money, Credit and Banking vol. 39 (5), 1177-1212. | Related Website |
Bullard, James and Eusepi, Stefano (2005). "Did the Great Inflation Occur Despite Policymaker Commitment to a Taylor Rule?" Review of Economic Dynamics vol. 8 (2), 324-359. | Related Website |
Bullard, James and Cho, In-Koo (2005). "Escapist Policy Rules." Journal of Economic Dynamics and Control vol. 29 (11), 1841-1865. | Related Website |
Bullard, James and Waller, Christopher J. (2004). "Central Bank Design in General Equilibrium." Journal of Money, Credit and Banking vol. 36 (1), 95-113. | Related Website |
Azariadis, Costas and Bullard, James and Ohanian, Lee (2004). "Trend-Reverting Fluctuations and the Life-Cycle Model." Journal of Economic Theory vol. 119 (2), 334-356. | Related Website |
Bullard, James and Smith, Bruce D. (2003). "Intermediaries and Payments Instruments." Journal of Economic Theory vol. 109 (2), 172-197. | Related Website |
Bullard, James and Smith, Bruce D. (2003). "The Value of Inside and Outside Money." Journal of Monetary Economics vol. 50 (2), 389-417. | Related Website |
Bullard, James and Mitra, Kaushik (2002). "Learning About Monetary Policy Rules." Journal of Monetary Economics vol. 49 (6), 1105-1129. | Related Website |
Bullard, James and Duffy, John (2001). "Learning and Excess Volatility." Macroeconomic Dynamics vol. 5 (2), 272-302. | Related Website |
Azariadis, Costas and Bullard, James and Smith, Bruce D. (2001). "Public and Private Circulating Liabilities." Journal of Economic Theory vol. 99 (1-2), 59-116. | Related Website |
Bullard, James and Russell, Steven (1999). "An Empirically Plausible Model of Low Real Interest Rates and Unbacked Government Debt." Journal of Monetary Economics vol. 44 (3), 477-508. | Related Website |
Bullard, James and Duffy, John (1999). "Using Genetic Algorithms to Model the Evolution of Heterogeneous Beliefs." Computational Economics vol. 13 (1), 41-60. | Related Website |
Bullard, James and Duffy, John (1998). "A Model of Learning and Emulation with Artificial Adaptive Agents." Journal of Economic Dynamics and Control vol. 22 (2), 179-207. | Related Website |
Bullard, James and Duffy, John (1998). "On Learning and the Stability of Cycles." Macroeconomic Dynamics vol. 2 (1), 22-48. | Related Website |
Arifovic, Jasmina and Bullard, James and Duffy, John (1997). "The Transition from Stagnation to Growth: An Adaptive Learning Approach." Journal of Economic Growth vol. 2 (2), 185-209. | Related Website |
Bullard, James and Keating, John (1995). "The Long-run Relationship Between Inflation and Output in Postwar Economies." Journal of Monetary Economics vol. 36 (3), 477-496. | Related Website |
Bullard, James (1994). "Learning Equilibria." Journal of Economic Theory vol. 64 (2), 468-485. | Related Website |
Bullard, James and Butler, Alison (1993). "Nonlinearity and Chaos in Economic Models: Implications for Policy Decisions." Economic Journal vol. 103 (419), 849-867. | Related Website |
Bullard, James (1992). "Time-varying Parameters and Nonconvergence to Rational Expectations Under Least Squares Learning." Economics Letters vol. 40 (2), 159-166. | Related Website |

Working Papers

Bullard, James and Russell, Steven "How Costly is Sustained Low Inflation for the US Economy?" Federal Reserve Bank of St. Louis working paper | Related Website |
Bullard, James and Duffy, John "Learning and Structural Change in Macroeconomic Data." Federal Reserve Bank of St. Louis working paper | Related Website |
Bullard, James and Evans, George W. and Honkapohja, Seppo "Near-Rational Exuberance." Federal Reserve Bank of St. Louis working paper | Related Website |
Bullard, James and DiCecio, Riccardo and Singh, Aarti and Suda, Jacek "Optimal Macroeconomic Policies in a Heterogeneous World." Federal Reserve Bank of St. Louis working paper | Related Website |
Bullard, James and DiCecio, Riccardo "Optimal Monetary Policy for the Masses." Federal Reserve Bank of St. Louis working paper | Related Website |
Bullard, James and Smith, Bruce D. "The Value of Inside and Outside Money: Expanded Version." Federal Reserve Bank of St. Louis working paper | Related Website |