Stephen Perez

  • Contact Information

  • Title: Interim Chair, Kinesiology and Health Sciences; NCAA Faculty Athletics Representative; and Economics Professor
  • Office Location: Solano 3002
  • Office Hours: Please email or call me for an appointment
  • E-mail:
  • Office Phone: (916) 278-6192 or (530) 794-8438
  • Mailing Address: Sacramento State, 6000 J Street Sacramento, CA 95819-6082

Courses that I teach

  • Econ 1b: Introductory Microeconomics - Online
  • Econ 1a: Introductory Macroeconomics - Online -
  • Introductory Microeconomics
  • Introductory Macroeconomics
  • General Studies - Freshman Seminar
  • Labor Economics
  • Sports Economics
  • Quantitative Economic Analysis
  • Intermediate Macroeconomics
  • Mathematics for Economists
  • Economic Research Methods
  • Graduate Macroeconomics


"Still Puzzling:  Evaluating the Price Puzzle in an Empirically Identified Structural Vector Autoregression," March 2013, Empirical Economics, (with Kevin Hoover and Selva Demiralp).

“Does Intercollegiate Athletics Draw Local Students to a University?” Research Note, (2012) The Journal of Sports Economics, Vol. 13, 2: pp. 198-206.

“Empirical Identification of the Vector Autoregression: The Causes and Effects of U.S. M2,” (2009) The Methodology and Practice of Econometrics: A Festschrift in Honour of David F. Hendry. Oxford: Oxford University Press, pp. 37-58, (with Kevin Hoover and Selva Demiralp).

“A Bootstrap Method for Identifying and Evaluating a Structural Vector Autoregression,” (2008) Oxford Economic Papers 70(4), pp. 509-533 (with Kevin Hoover and Selva Demiralp).

“Agricultural and Monetary Shocks before the Great Depression:  A GraphTheoretic Causal Investigation” (2006) Volume 28, December 2006, pp. 720-736, Journal of Macroeconomics (with Mark Siegler).

“Truth and Robustness in Cross-country Growth Regressions.” (2004), Oxford Bulletin of Economics and Statistics., Volume 66, No. 5, pp. 765 – 799, (December 2004) (with Kevin D. Hoover)

“The NBA and the Influx of International Basketball Players,” (2004), Applied Economics, Volume 36, pp. 1009 - 1020 (with Mark Siegler and Erick Eschker)

"Inflationary Expectations and the Fisher Effect Prior to World War I", Journal of Money, Credit, and Banking, Vol. 35, No. 6 (December 2003, Part 1), pp. 947-965 (with Mark Siegler)

"Monetary Policy Does Matter: Control Causality and Superexogeneity." Oxford Bulletin of Economics and Statistics, Volume 64, No. 5, (2002), pp. 473-486.

“Looking Back at Forward-Looking Monetary Policy” Journal of Economics and Business, 2001, Vol. 53/5, pp. 509-521.

“Convergence of public capital investment among the United States, 1977-1996.” Public Finance and Management, 2001, Volume 1 Number 2, (with Chris Annala).

“Three Attitudes towards Data-mining.” Journal of Economic Methodology, 2000, Vol. 7, Number 2, 195-200, (with Kevin D. Hoover).

“Myopia, liquidity constraints, and aggregate consumption: What do the data say?” Economics Letters, 2000, Vol. 67, Issue 1, pp. 43-48.

“Reply to Our Discussants.” The Econometrics Journal, 1999, volume 2, pp. 244-247, (with Kevin D. Hoover).

“Data Mining Reconsidered: Encompassing and the General-to-Specific Approach to Specification Search.” The Econometrics Journal, 1999, Vol. 2, Issue 2, pp. 1-25, (with Kevin D. Hoover)

“Causal Ordering and the ‘Bank Lending Channel’.” Journal of Applied Econometrics, volume 13, number 6 (Nov.-Dec. 1998), 613-626.

“Testing for Credit Rationing: An Application of Disequilibrium Econometrics.” Journal of Macroeconomics, (Fall 1998), volume 20, 721-739.

“Post Hoc Ergo Propter Hoc Once More: An Evaluation of ‘Does Monetary Policy Matter?’ in the Spirit of James Tobin.” Journal of Monetary Economics, August 1994, volume 34, 47-73, (with Kevin D. Hoover).

“Money May Matter, But How Could You Know?”  Journal of Monetary Economics, August 1994, volume 34, 89-99, (with Kevin D. Hoover). 

Advising Information

Here are some links that might be useful for you if you are an Economics Major:

Short Biography

Stephen Perez is the NCAA Faculty Athletics Representative and a Professor of Economics at California State University, Sacramento. After receiving his B.A. degree in economics at the University of California, San Diego, he received his Ph.D. degree in economics from the University of California, Davis in 1994. He taught economics at Virginia Commonwealth University and Washington State University before coming to California State University, Sacramento in 2001. He teaches macroeconomics at all levels as well as econometrics, sports economics, labor economics, and mathematics for economists.

Professor Perez's research explores most macroeconomic topics. But, in particular he is interested in evaluating the ability of econometric techniques to discover the truth, issues of causality in macroeconomics, and sports economics. His articles appear in many economics journals, including The Journal of Sports Economics, The Journal of Monetary Economics, The Econometrics Journal, Economics Letters, The Journal of Economic Methodology, Public Finance and Management, The Journal of Economics and Business, Oxford Bulletin of Economics and Statistics, The Journal of Money, Credit, and Banking, Applied Economics, and The Journal of Macroeconomics.

Eagle Lake

The library quad

bike rider below Guy West Bridge

Guy West Bridge

Mexican Volcanic Belt cinder cones

Mariposa Hall

University Union

University Union