James Morley is a Professor of Economics and the Associate Dean (Research) of the Business School at the University of New South Wales. He received his PhD from the University of Washington in 1999. Before moving to Australia in 2010, he was a faculty member at Washington University in St. Louis (1999-2010) and a Research Fellow at the Federal Reserve Bank of St. Louis (2004-2010). He has worked regularly with the forecasting firm Macroeconomic Advisers and has held a number of visiting positions, including at the Bank of Canada, Bank Negara Malaysia, and the Bank for International Settlements Asian Office in Hong Kong. He recently served as the President of the Society for Nonlinear Dynamics and Econometrics (2011-2014) and is a founding member of the Shadow RBA Board (2011-), an Academic Fellow at the Reserve Bank of New Zealand (2014-), and Co-Editor of The Economic Record (2015-). His research has been published in many top academic journals and focuses on the empirical analysis of business cycles, stabilization policy, and sources of persistent changes in macroeconomic and financial variables.
Conventional wisdom holds that conservative politicians are more prudent stewards of the economy. These politicians are often happy to reinforce this view by citing their business acumen and denigrating the experience or...