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Cletus C. Coughlin

Senior Vice President and Chief of Staff


Ph.D. International Economics
University of North Carolina

B.B.A. Economics & Accounting
University of Iowa

Contact Info

Phone: (314) 444-8585
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries, contact:
Karen Mracek
Phone: (314) 444-3911

Forthcoming Publications

"Time-Geographically Weighted Regressions and Residential Property Value Assessment"
with Jeffrey P. Cohen and Jeffrey Zabel
Journal of Real Estate Finance and Economics

"Traffic Noise in Georgia: Sound Levels and Inequality"
with Jeffrey P. Cohen and Jonas Crews
Journal of Housing Economics

Journal Publications

"Local Polynomial Regressions versus OLS for Generating Location Value Estimates: Which is More Efficient in Out-of-Sample Forecasts?"
with John M. Clapp and Jeffrey P. Cohen
Journal of Real Estate Finance and Economics, April 2017, Vol. 54, No. 3, pp. 365-385
Working Paper

"Is the International Border Effect Larger than the Domestic Border Effect? Evidence from U.S. Trade"
with Dennis Novy
CESifo Economic Studies, June 2013, Vol. 59, No. 2, pp. 249-276
Working Paper

"Ethnic Networks and Trade: Intensive vs. Extensive Margins"
with Howard J. Wall
Economics Letters, October 2011, Vol. 113, No. 1, pp. 73-75
Working Paper

"Response to 'Spatial Multipliers in Hedonic Analysis: A Comment on Spatial Hedonic Models of Airport Noise, Proximity, and Housing Prices’"
with Jeffrey P. Cohen
Journal of Regional Science, December 2010, Vol. 50, No. 5, pp. 995-998

"Income and Lottery Sales: Transfers Trump Income from Work and Wealth"
with Thomas A. Garrett
Public Finance Review, July 2009, Vol. 37, No. 4, pp. 447-469
Working Paper

"Changing Noise Levels and Housing Prices near the Atlanta Airport"
with Jeffrey P. Cohen
Growth and Change, June 2009, Vol. 2, No. 40, pp. 287-313
Working Paper

"Inter-temporal Differences in the Income Elasticity of Demand for Lottery Tickets"
with Thomas A. Garrett
National Tax Journal, March 2009, Vol. 62, No. 1, pp. 77-99
Working Paper

"Spatial Hedonic Models of Airport Noise, Proximity, and Housing Prices"
with Jeffrey P. Cohen
Journal of Regional Science, December 2008, Vol. 48, No. 5, pp. 859-878
Working Paper

"Ethnic Networks and U.S. Exports"
with Subhayu Bandyopadhyay and Howard J. Wall
Review of International Economics, February 2008, Vol. 16, No. 1, pp. 199-213
Working Paper

"Spatial Dependence in Models of State Fiscal Policy Convergence"
with Thomas A. Garrett and Rubén Hernández-Murillo
Public Finance Review, May 2007, Vol. 35, No. 3, pp. 361-384
Working Paper

"Pass-Through Estimates and the Choice of an Exchange Rate Index"
with Patricia S. Pollard
Review of International Economics, September 2006, Vol. 14, No. 4, pp. 535-553
Working Paper

"NAFTA and the Changing Pattern of State Exports"
with Howard J. Wall
Papers in Regional Science, November 2003, Vol. 82, No. 4, pp. 427-50
Working Paper

"Location Determinants of New Foreign-Owned Manufacturing Plants"
with Eran Segev
Journal of Regional Science, May 2000, Vol. 40, No. 2, pp. 323-51
Working Paper

"Foreign Direct Investment in China: A Spatial Econometric Study"
with Eran Segev
World Economy, January 2000, Vol. 23, No. 1, pp. 1-23
Working Paper

"Constructing and Using National and Regional TWEXS: The Case for Chaining"
with Patricia S. Pollard
Journal of Economic and Social Measurement, 1999, Vol. 24, No. 3,4, pp. 279-94
Working Paper

"To Chain or Not to Chain Trade-Weighted Exchange Rate Indexes"
with Jerram C. Betts and Patricia S. Pollard
International Trade Journal, 1998, Vol. 12, No. 3, pp. 363-391
Working Paper

"State Characteristics and the Location of Foreign Direct Investment within the United States: Minimum Chi-Square Conditional Logit Estimation"
with Vachira Arromdee and Joseph V. Terza
Review of Economics and Statistics, November 1991, Vol. 73, No. 4, pp. 675-83
Working Paper

"State Government Effects on the Spatial Distribution of Inward Foreign Direct Investment"
with Vachira Arromdee and Joseph V. Terza
Regional Science Perspectives, 1990, Vol. 20, pp. 194-207
Working Paper

"The Determinants of Escape Clause Petitions"
with Noor Khalifah and Joseph V. Terza
Review of Economics and Statistics, May 1989, Vol. 71, pp. 341-47

"State Factor Endowments and Exports: An Alternative of Cross-Industry Studies"
with Oliver Fabel
Review of Economics and Statistics, November 1988, Vol. 70, No. 4, pp. 696-701
Working Paper

"An Examination of State Foreign Export Promotion and Manufacturing Exports"
with Phillip A. Cartwright
Journal of Regional Science, August 1987, Vol. 27, pp. 439-49

"An Examination of State Foreign Exports and Manufacturing Employment"
with Phillip A. Cartwright
Economic Development Quarterly, August 1987, Vol. 1, pp. 257-67

"Domestic Content Legislation: House Voting and the Economic Theory of Regulation"
Economic Inquiry, July 1985, Vol. 23, pp. 437-48

"Cost Functions for Nonprofit Organizations: An Application to Intercollegiate Athletics"
with O. Homer Erekson
Journal of Monetary Economics, 1985, Vol. 11, pp. 43-47

"The Impact of International Intra-Firm Trade on Domestic Concentration Ratios"
with Thomas G. Watkins
Review of Industrial Organization, 1986, Vol. 2, pp. 232-49

"Reply—Joint Ventures in Yugoslavia: Comment"
Journal of World Trade Law, March/April 1984, Vol. 18, pp. 170-72

"The Relationship Between Foreign Ownership and Technology Transfer"
Journal of Comparative Economics, December 1983, Vol. 7, pp. 400-14

"An Economic Analysis of Yugoslav Joint Ventures"
Journal of World Trade Law, January/February 1983, Vol. 18, pp. 12-33

"Technology Transfer to Yugoslavia via Joint Ventures"
ACES Bulletin, Fall 1982, Vol. 24, pp. 21-44