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Highfield, Richard (full)
Maxy 126H
Maxcy Hall


    Stanford University B.A., 1971

    Santa Clara University M.B.A., 1979

    University of Chicago Ph.D., 1987



    Coordinator of UNH College of Business Assurance of Learning process

    Advisor to UNH Undergraduate Finance majors

    Dean, UNH College of Business, 2008-2011



      University Service

      Member of the UNH Charging Forward Academic Programs Prioritization Task Force, 2013- present.


      Elected representative of the College of Business to the University Finance and Budget Committee, (2011-2012). Member: 2011-present.


      Established 3-year ‘Fast Track’ B.S. business degree programs for well-prepared UNH applicants, (2010-2011)


      Served on committee to hire an Executive Director for Career Services for the University, (2010-2011)


      Led and achieved all approvals for substantially redesigned EMBA program that eliminates disciplinary silos and established an integrated, team-taught program appropriate to high-level executives, (2009-2011)


      Served as resource for and attended regular meetings of the UNH Board of Governors, (2008-2011)


      Reconvened the College of Business Board of Advisors, (2009-2010)


      Produced (with Prof. K. Upadhyaya) the study “Economic Impact of the University of New Haven in New Haven County in Fiscal Year 2009,” (2009-2010)


      With Dean of Arts & Sciences developed 3+2 Bachelors/MBA programs for several College of Arts and Sciences major degree programs, (2008-2009)


      At the request of the UNH President, served on an Expenditure Efficiency Task Force (with the Provost, VP for Finance and VP Human Resources) to make expenditure and planning decisions in the wake of the national economic crisis, (2008-2009)

      Research Interests


      Bayesian Econometrics and Time Series Analysis

      Monetary Economics


      Academic Awards

      Beta Gamma Sigma, elected 2001

      Memberships in Professional Organizations

      American Economic Association

      Financial Management Association

    Academic Credentials

      Published Works

      Richard Highfield, Maureen O'Hara and Bruce Smith, "Do Open Market Operations Matter? Theory and Evidence from the Second Bank of the United States," (1996), Journal of Economic Dynamics and Control, 20, No. 1/3

      "Forecasting Similar Time Series with Bayesian Pooling Methods -- with application to forecasting European output growth," (1992), in Bayesian Inference in Statistics and Econometrics, (Prem K. Goel and N.S. Iyengar, eds.) Lecture Notes in Statistics # 75, New York: Springer-Verlag, pp. 303-326

      Richard Highfield, Maureen O'Hara and John W. Wood, "Public Ends, Private Means: Central Banking and the Profit Motive 1823-1832," (1991), Journal of Monetary Economics, 28, pp. 287-322

      "Bayesian Approaches to Turning Point Prediction," (1990) Proceedings of the Business and Economics Statistics Section, Washington: American Statistical Association, pp. 89-98

      Richard Highfield with Arnold Zellner, "Calculation of Maximum Entropy Distributions and Approximation of Marginal Posterior Distributions," (1988), Journal of Econometrics, 37, pp. 195-209

      Richard Highfield with Robert Smiley, "New Business Starts and Economic Activity: An Empirical Investigation," (1987), International Journal of Industrial Organization, pp. 51-66

      Richard Highfield with A. Garcia-Ferrer, F. Palm and A. Zellner, “Macroeconomic Forecasting with Pooled International Data," (1987), Journal of Business and Economic Statistics, 5, Number 1, pp. 53-67

    Industry Experience

      Academic Experience

      Professor of Economics and Finance: University of New Haven, 2008-Present       


      Dean: University of New Haven, 2008-2011


      Professor of Economics: St. John’s University, 2007-2008


      Dean, College of Business, and Professor of Economics: St. John’s University, 2003-2007


      Dean, School of Business and Service Professor: University at Albany, 1999-2003


      Associate Dean for MBA Programs and Operations and Sr. Lecturer in Economics: Johnson Graduate School of Management, Cornell University, 1998-1999


      Assistant Dean, Director of the MBA Program, and Sr. Lecturer in Economics, Johnson Graduate School of  Management, Cornell University, 1993-1997 


      Assistant Professor of Economics: Johnson Graduate School of Management, Cornell University, 1985-1993


      Professional Experience

      Director of Management Studies: University of San Francisco, 1978-1980


      Assistant to the Director of Housing and Food Services, Stanford University, 1976-1978                                     


      Procurement Analyst: Stanford University, 1973-1976


      Marketing Representative: Burroughs Corporation, 1972-1973

    Curriculum Vitae