David King "Dave" Backus (April 1953 – June 12, 2016)Obituary in the New York Times
/ref>Obituary
by Tom Cooley was an American economist, specializing in

financial economics Financial economics, also known as finance, is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on ''both sides'' of a trade".William F. Sharpe"Financial ...

and international

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

. He was the Heinz Riehl Professor at

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

Stern School of Business The New York University Leonard N. Stern School of Business (commonly referred to as NYU Stern, The Stern School of Business, or simply Stern) is the business school of New York University, a private research university based in New York City. I ...

. Backus made several significant contributions to macroeconomics and finance, including the canonical international business cycle model with Patrick J. Kehoe and Finn Kydland, and identifying the Backus–Smith puzzle (consumption and real-exchange-rates) and the

Backus–Kehoe–Kydland puzzle In economics, the Backus–Kehoe–Kydland consumption correlation puzzle, also known as the BKK puzzle, is the observation that consumption is much less correlated across countries than output. Statement In an Arrow–Debreu economy, i.e. an econo ...

(international consumption correlation). Prior to joining the Stern School in 1990, he studied at Hamilton College (BA, 1975) and

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

(PhD, 1981), taught at

Queen's University Queen's or Queens University may refer to: *Queen's University at Kingston, Ontario, Canada *Queen's University Belfast, Northern Ireland, UK **Queen's University of Belfast (UK Parliament constituency) (1918–1950) **Queen's University of Belfast ...

and the

University of British Columbia The University of British Columbia (UBC) is a public university, public research university with campuses near Vancouver and in Kelowna, British Columbia. Established in 1908, it is British Columbia's oldest university. The university ranks a ...

, and served at the Federal Reserve Bank of Minneapolis. He died from

leukemia Leukemia ( also spelled leukaemia and pronounced ) is a group of blood cancers that usually begin in the bone marrow and result in high numbers of abnormal blood cells. These blood cells are not fully developed and are called ''blasts'' or ' ...

in New York City on June 12, 2016.Tribute
by

David K. Levine David Knudsen Levine (born c. 1955) is department of Economics and Robert Schuman Center for Advanced Study Joint Chair at the European University Institute; he is John H. Biggs Distinguished Professor of Economics Emeritus at Washington Univers ...

References

External links

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at the Stern School of Business {{DEFAULTSORT:Backus, David K. 1953 births 2016 deaths New York University faculty Yale University alumni Queen's University at Kingston faculty University of British Columbia faculty Economists from New York (state) Financial economists Macroeconomists Hamilton College (New York) alumni Deaths from leukemia Deaths from cancer in New York (state)