hero image
James Butkiewicz - University of Delaware. Newark, DE, US

James Butkiewicz

Professor, Economics | University of Delaware


Prof. Butkiewicz specializes in policy analysis, financial crises, the Great Depression, and determinants of economic growth.



James Butkiewicz Publication



loading image


Treasury Talks  with Colleen Davis Episode 2




James L. Butkiewicz is Professor of Economics in the Lerner College of Business and Economics at the University of Delaware. He received his B.A. in economics from Wilkes College and his Ph.D. in economics from the University of Virginia. His teaching and research interests are in the areas of economic growth, macroeconomic policy analysis, monetary economics, and the economics of the Great Depression. He has published journal articles in the areas of monetary policy analysis, fiscal policy analysis, the determinants of economic growth, regional economic development, macroeconomic policy in the early 20th century, the history of the Reconstruction Finance Corporation, and Richard Nixon’s economic policies. With Jeffrey Miller and the late Ken Koford, he is the co-editor of Keynes' Economic Legacy: Contemporary Macroeconomic Theories.

During his academic career, he has served as Department Chair (twice), Associate Dean of the college (twice) and as Director of Graduate Studies in economics. He has been a visiting professor at the Faculte de Sciences Economiques et de Gestion, Universite Lumiere (Lyon 2), in Lyon, France. In addition, he served on the editorial board of the Eastern Economic Journal from 2001 - 2015 and was acting editor for eleven months during 2004-2005, and Associate Editor from 2005-2015. He has held several public service positions and is a frequent commentator on economic issues for the media.

Industry Expertise (2)



Areas of Expertise (5)

Economic Growth


Policy Analysis

Monetary Theory


Media Appearances (5)

Fed's mission creep has turned its monetary policy into a failed mission

Washington Examiner  online


The Federal Reserve's handling of monetary policy during the past five years will be the subject of critical reviews for years to come. Was the massive increase in the Fed’s securities holdings necessary? Did the Fed’s purchase of $2.75 trillion of mortgage-backed securities create an artificial and disruptive bubble in the housing market? Did the Fed stoke the inflationary fires for far too long? Was it behind the curve in trying to put out the fire? How responsible is the Fed for the highest inflation rate in 40 years?

view more

Fed faces pressure to act as Americans' views of economy darken

WKRC-TV  online


As the Federal Reserve moves to address surging inflation, darkening consumer sentiment could present new obstacles for the economic recovery from the COVID-19 pandemic.

view more

COVID doesn’t shut down spending over holidays in Delaware

Delaware State News  online


While new cases of COVID-19 surged during the holiday season, so did consumer spending. Retailers, both online and in brick-and-mortar shops, saw a boost in shopping from Nov. 1 through Christmas Eve.

view more

'This is going to take a while' | UD profs expect supply chain disruptions to last through the holidays - at least

WDEL  online


Prices on just about everything seem to be ticking up across the board, and a pair of University of Delaware professors don't see relief anytime soon. From foods to products, the pinch at the checkout is expected to linger.

view more

'Overdraft' screened

University of Delaware UDaily  online


While America’s debt crisis has been a topic of concern and debate for several years, the nonpartisan documentary Overdraft takes a step back from bipartisan distractions and concentrates on examining the facts surrounding the deficit and resultant effects on the American public.

view more

Articles (5)

Ending Bretton Woods: evidence from the Nixon tapes

The Economic History Review

2021 Richard Nixon's August 1971 announcement of a set of policies known collectively as the New Economic Policy (NEP), or the ‘Nixon shock’, effectively terminated the Bretton Woods system (BWS) of fixed exchange rates that had governed the international monetary system since 1944.

view more

The political economy of wage and price controls: evidence from the Nixon tapes

Public Choice

2017 In late July, 1971, Nixon reiterated his adamant opposition to wage and price controls calling them a scheme to socialize America. Yet, less than a month later, in a stunning reversal, he imposed the first and only peacetime wage and price controls in U.S. history. The Nixon tapes, personal tape recordings made during the presidency of Richard Nixon, provide a unique body of evidence to investigate the motivations for Nixon’s stunning reversal.

view more

The original Operation Twist: the War Finance Corporation's war bond purchases, 1918–1920

Financial History Review

2016 In 1918 the United States Treasury delegated to the War Finance Corporation, a newly created off-budget federal agency, the task of buying Liberty bonds and later Victory notes in an effort to stabilize prices. Bayesian vector autoregression analysis of the security purchases indicates that the WFC purchases provided statistically significant price support, and marginally lowered bond yields while the program operated. Once WFC purchases ended, war bond yields increased substantially.

view more

Eugene Meyer and the German Influence on the Origin of US Federal Financial Rescues

Journal of the History of Economic Thought

2015 While federal financial rescues have become a common response to crises, the federal provision of finance was not one of the original powers of the federal government. One man, Eugene Meyer, is largely responsible for the origin of federal financial rescues, through both the War Finance Corporation and Reconstruction Finance Corporation.

view more

Financial crisis, monetary policy reform and the monetary transmission mechanism in Turkey

Middle East Development Journal

2014 Turkey experienced a financial crisis in 2000–2001, which led to significant financial reforms. The reforms resulted in a switch to a floating exchange rate, granted greater central bank independence and pursuit of a more credible monetary policy. Investigation of the channels of monetary policy in both periods finds that monetary policy's output effects have been strengthened considerably by the reforms.

view more

Accomplishments (2)

James B. O’Neill Award for Excellence in Economic Education and Entrepreneurship (professional)


Excellence in Graduate Teaching Award (professional)

1998 College of Business and Economics, University of Delaware

Education (2)

University of Virginia: PhD, Economics 1977

Wilkes College: BA, Economics 1971

Magna Cum Laude

Affiliations (5)

  • American Economic Association
  • Eastern Economic Association
  • Economic History Association
  • Southern Economic Association
  • Phi Kappa Phi

Event Appearances (3)

Housing Price Bubbles in Developed Economies - A Bayesian Modeling Approach

Southern Economic Association Conference  


Assessing the First Federal Financial Rescue: The Case of the War Finance Corporation

Eastern Economic Association Conference  


Money Workshop

Economic History Review organized workshop  Zoom