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Faculty > Economics

Earl L. Grinols
Professor of Economics

Educational Background

Ph.D. Economics, Massachusetts Institute of Technology, 1977
B.A. Mathematics, B.S. Economics, University of Minnesota, 1973.

Positions Held

At the University of Illinois since 1984. Visiting professor, University of Chicago, 1991. Assistant professor of economics, Cornell University, 1977-84. Senior economist, Council of Economic Advisers to President Reagan, 1987-88.

Recent Publications

"Distance Effects in Consumption," Review of Regional Studies (forthcoming). "Consequences of Debt Policy and Open Market Operations in a Stochastically Growing Monetary Economy," International Economic Review, Vol. 39, No. 2 (May 1998), pp.495-521. "Risk, Optimal Government Finance and Monetary Policies in a Growing Economy," Economica, Vol.65 (August 1998), pp. 401-27. "Development or Dreamfield Delusions: Assessing Casino Gambling's Costs and Benefits," Journal of Law and Commerce, Vol. 16 (August 1997). "Pure and Mixed Quantity, Price, and Income Compensations Schemes: Breaking Political Roadblocks to Trade Reform," The Political Economy of Trade Policy, NBER (Cambridge, MA: MIT Press, 1996). "Adjustment Costs and Investment in a Stochastic Equilibrium Model," with A. Benavie and S.J. Turnovsky, Journal of Monetary Economics, Vol. 38 (1996). "The Link between Domestic Investment and Domestic Savings in Open Economies: Evidence from Balanced Stochastic Growth," Review of International Economics, Vol. 4 (June 1996). "Optimal Government Finance Policy and Exchange Rate Management in a Stochastically Growing Open Economy," with S. J. Turnovsky, Journal of International Money and Finance, Vol. 15 (1996). "Increasing Returns and the Shift from Customs Union to Common Market," in Regional Science and Urban Economics, Vol. 23, No. 3 (1993).

Teaching and Research

Teaches courses in microeconomics, and international economics. Recent research topics include the growth and interest rate effects of government debt policy, bond finance, and the economic effects of gambling. Has testified before Congress and numerous statehouses on the economic effects of gambling.

Contact Information:
483 Wohlers Hall
1206 South Sixth Street
Champaign, IL 61820
(217) 333-4595

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