Dave Gulley

Dave Gulley

  • Professor and Chair, Economics
  • Ph.D. Univ of Kentucky-Lexington
  • M.A. in Economics, University of Kentucky
  • B.A. in Business Economics, Alma College

Teaching Interests

Financial Markets; Monetary Economics; Macroeconomics

Research Interests

National and State Lotteries; Health Care Markets; Monetary Policy; Interest Rates

Bio

Current research focuses on the UK national lottery, financial markets, and health care markets. Fields of interest include macroeconomics, monetary economics, financial economics, and public finance. Has presented papers at numerous national and international conferences. Publications have appeared in Economic Inquiry, National Tax Journal, Journal of Macroeconomics, and Applied Financial Economics, among others.

Awards and Honors

  • Innovation in Teaching Award, Bentley Unversity
  • Gregory H. Adamian Award for Excellence in Teaching, Bentley University
  • Innovation in Teaching Award, Bentley University
  • Bentley College Scholar of the Year, 2003
  • Gibbons Research Professor, 2000-2003

    • Scholarly Contributions and Creative Productions

    Journal Articles

  • Gulley, O. D. (2018). The Optimal Structure of Lotto games. Economics and Business Letters, (7) 4 156-161.
  • Gulley, O. D., Jackson, A. L. (2016). A Case Study on Using Instructor-Recorded videos in an Upper Level Economics Course. International Review of Economics Education/Elsvier, (23) 28-33.
  • Gulley, O. D., Jackson, A. L. (2015). Teaching a Class Dedicated to the College Fed Challenge Competition. Eastern Economic Journal
  • Gulley, O. D., Sultan, J. (2011). Economics, Politics, and the Federal Funds Markets: Does the Fed Play Politics?. Applied Financial Economics, (21) 14 1005-1019.
  • Kamis, A., Haughton, D. M., Gulley, O. D., Scholten, P. A. (2010). A Structural Equation Model of Gambling in the United Kingdom. International Journal of Statistics & Economics, (5) A10
  • Forrest, D., Gulley, O. D., Simmons, R. (2010). The Relationship between Betting and Lottery Play. Economic Inquiry, (48) 1 26-38.
  • Gulley, O. D., Forrest, D. (2009). PARTICIPATION AND LEVEL OF PLAY IN THE UK NATIONAL LOTTERY AND IMPLICATIONS FOR REGULATING AND TAXING LOTTERIES AND OTHER 'VICES'. International Journal of Gambling Studies, (9) 2 165-178.
  • Santerre, R., Gulley, O. D. (2007). Market Structure Elements: The Case of California Nursing Homes. Journal of Health Care Finance, (33) 4 16-Jan.
  • Gulley, O. D., Forrest, D., Simmons, R. (2004). Substitution Between Different Games of the U.K. National Lottery. Applied Economics, (36) April 645-651.
  • Gulley, O. D., Sultan, J. (2003). Financial Market Reaction to Monetary Policy. Applied Financial Economics, (13) 199-209.
  • Gulley, O. D., Santerre, R. (2003). Nursing Home Care Availability in the U.S.: The Role of Market, Regulatory, and Fiscal Factors. Eastern Economic Journal, (29) 93-104.
  • Gulley, O. D., Sultan, J. (2003). The Link Between Monetary Policy and Stock and Bond Markets: Evidence from the Federal Funds Futures Contract. with David Gulley. Applied Financial Economics, (13) 2003 199-209.
  • Forrest, D., Gulley, O. D., Simmons, R. (2000). Elasticity of Demand for U.K. National Lottery Tickets. National Tax Journal, (53) 853-864.
  • Forrest, D., Gulley, O. D., Simmons, R. (2000). Testing for Rational Expectations in the UK National Lottery. Applied Economics, (32) 315-326.
  • Gulley, O. D., Sultan, J. (1998). Consumer Confidence Announcements: Do They Matter?. Applied Financial Economics, (8) 155-166.
  • Sumner, S. B., Gulley, O. D. (1998). Money Demand and Nominal Debt: An Equilibrium Model of the Liquidity Effect. Journal of Macroeconomics, (20) 267-293.
  • Fletcher Brown, D., Gulley, O. D. (1996). Forecasting the Real Interest Rate. North American Journal of Economics and Finance (Spring): 55-76 Spring 55-76.
  • Scott Jr., F. A., Gulley, O. D. (1995). Testing for Efficiency in Lotto Markets. Economic Inquiry, (33) 175-188.
  • Gulley, O. D. (1994). An Empirical Test of the Effects of Government Deficits on Money Demand. Applied Economics, (26) 239-247.
  • Gulley, O. D., Scott Jr., F. A. (1993). The Demand for Wagering on State-Operated Lotto Games. National Tax Journal, (46) 13-22.
  • Gulley, O. D., Santerre, R. (1993). The Effect of Tax Exemption on the Market Share of Nonprofit Hospitals. National Tax Journal, (46) 477-486.
  • Gulley, O. D. (1992). Are Saving and Investment Cointegrated? Another Look at the Data. Economics Letters, (39) 55-58.
  • Gulley, O. D., Scott Jr., F. A. (1989). Lottery Effects on Pari-Mutuel Tax Revenues. National Tax Journal, (42) 89-93.

    • Book Chapters

  • Gulley, O. D., Forrest, D. (2017). The Efficiency of Lotto Markets Handbook of Gambling Markets. Oxford University Press
  • Gulley, O. D., Sultan, J. (2009). The Effects of Global Terrorism on Risk Premium: Evidence from Stock Markets . new York: Palgrave Mcmillan
  • Gulley, O. D. (1995). Is the Real Interest Rate Stable? Further Evidence . New York: Pergamon Press

    • Reviews

  • Gulley, O. D. (1992). A Review of Booms and Recessions in a Noisy Economy.

    • Service

    Service: Department

  • Committee Member for Hiring Committee, tenure track faculty 10/1/24 - 3/31/25
  • I was a representative of the economics department for Fall Open House 10/1/22 - 10/31/23
  • I was a representative of the economics department for Spring and Fall Open Houses - 10/31/25
  • Committee Member for Hiring Committee, tenure track faculty 10/1/23 - 3/31/24
  • Committee Member for Hiring Committee, lecturers 2024-01-09 - 5/31/24
  • I was a representative of the economics department for Spring Open House 4/1/24 - 2024-04-01
  • I was a representative of the economics department for Fall Open House 10/1/22 - 10/31/23
  • Committee Member for Hiring Committee, lecturers 11/1/22 - 5/31/23
  • Committee Member for Hiring Committee, tenure track faculty 10/1/22 - 3/31/23
  • I was a representative of the economics department for Spring Open House 4/1/22 - 4/30/22
  • Committee Chair for Economics Department 1/1/21 - 12/31/21
  • Attended Spring Open House for new students for Bentley University 4/1/21 - 4/30/21
  • Department Chair for Economics Department 1/15/20 - Present
  • Committee Member for ad-hoc Workday faculty focus group 8/1/19 - 12/31/19
  • Acting Chair for Acting Chair, Department of Economics 5/1/19 - 6/30/19
  • Presented to the BOMC on generating research ideas for Bentley Open Market Committee 4/23/19 - 4/23/19
  • Attended a mixer for faculty and students for Bentley Women in Economics 3/20/19 - 3/20/19
  • Committee Chair for Hiring Committee 9/1/18 - 2/28/19
  • Mentor (Faculty) for Teaching Mentor 3/1/18 - 12/31/18
  • Committee Member for Ad hoc Economics Department CFA Review Committee 1/1/18 - 12/31/18
  • Committee Member for Department of Economics, Scholarly Activities Committee 9/1/16 - 5/31/18
  • for Economics Department, Chair review committee 8/1/17 - 9/30/17
  • Department rep to open house for Spring Open House 4/8/17 - 4/8/17
  • Department rep to open house for Fall Open House 9/20/16 - 9/20/16
  • Department rep to open house for Spring Open House 4/9/16 - 4/9/16
  • Committee Chair for Hiring Committee 8/1/15 - 3/31/16
  • for Economics Department, Chair review committee 8/1/15 - 9/30/15
  • Department rep to open house for Bentley 4/1/15 - 4/30/15
  • Explained concentration/courses to prospective MBA concentrators for OPen House for MBA concentrators 10/27/14 - 10/27/14
  • Attended as department rep and as someone who's taught honors courses for Open house for prospective honors students 10/5/14 - 10/5/14
  • Committee Chair for Hiring Committee 8/1/13 - 2/28/14
  • Course Coordinator for Internship Coordinator 9/1/11 - 5/31/13
  • represented economics department for open house for prospective students 4/14/12 - 4/14/12
  • for Acting Chair 3/12/12 - 3/16/12
  • Course Coordinator for MBA Concentration Coordinator 1/1/11 - Present
  • Committee Member for Faculty Senate representative 9/1/07 - 5/31/11

    • Service: Public

  • volunteered to be a judge for a community college Fed Challenge for North Shore Community College 4/27/12 - 4/27/12

    • Service: Professional

  • Competition judge for College Fed Challenge 2025-10-31 - 2025-10-31
  • External review letter for tenure and promotion, Wichita State University for Wichita State University - Present
  • Competition judge for College Fed Challenge 2024-10-01 - 2024-10-31
  • for Panel speaker, Massachusetts Financial Planners Association - Present
  • Judge in academic competition for College Fed Challenge 10/1/23 - 10/31/23
  • Judge in academic competition for Global Economic Symposium 2/1/24 - 2/28/24
  • Judge in academic competition for Global Economic Symposium 2/1/23 - 2/28/23
  • Judge in academic competition for College Fed Challenge 10/1/22 - 10/31/22
  • Prepared an external review of various aspects of the economics department at Suffolk University for External program reviewer, Department of Economics, Suffolk University 4/1/22 - 4/30/22
  • Judge in academic competition for Global Economic Symposium 2/1/22 - 2/28/22
  • Judge in academic competition for College Fed Challenge 11/1/21 - 11/30/21
  • Judge for academic competition for Global Economic Symposium 3/1/21 - 3/31/21
  • Acted as a judge for the competition for Global Economic Symposium 2/1/20 - 2/28/20
  • Acted as a judge for the competition for Global Economic Symposium 2/15/19 - 2/15/19
  • Conference/Workshop Session Chair for NYSEA Annual Meeeting 10/1/13 - 10/31/13
  • Gave newspaper interview for Waltham Tribune interview 11/1/11 - 11/30/11

    • Service: University

  • Committee Member for Search Committee, CFO - Present
  • for Interfolio focus group and pilot department 2024-10-01 - Present
  • Guest Speaker for Bentley GLS Department 2024-10-08 - 2024-10-08
  • Judged the Bentley Business Bowl for Bentley University 2/15/25 - 2/15/25
  • I served on multiple academic integrity hearings for Academic Integrity Offiice - Present
  • Guest Speaker for Mediation Training 2025-03-05 - 2025-03-05
  • Guest Speaker for GLS Department 2025-02-12 - 2025-02-12
  • Guest Speaker for Guest speaker, GLS248 11/1/23 - 11/30/23
  • I served on multiple academic integrity hearings for Academic Integrity Offiice - Present
  • I served on multiple academic integrity hearings for Academic Integrity Offiice 1/1/23 - 12/31/23
  • Guest Speaker for The impact on the Russian invasion of Ukraine 3/1/22 - 3/31/22
  • Judged the Bentley Business Bowl for Bentley University 2/1/22 - 2/28/22
  • Guest Speaker for the Office of Alumni & Family Engagement 4/1/20 - 4/30/20
  • Interviewed with a consultant on faculty governance at the request of Donna-Maria Blancero for Provost's Office 11/1/19 - 11/30/19
  • Committee Chair for Sabbatical Committee 7/1/20 - Present
  • for Beta Gamma Sigma 4/1/20 - Present
  • Committee Member for Bentley University Board of Trustees Enrollment Management Committee 9/1/19 - 6/30/22
  • I participated in a number of forums/feed back sessions on the proposed curriculum revisions. for New Curriculum Task Force TF 4.0 1/1/20 - 12/31/20
  • Guest Speaker for Blum Shapiro LLC 6/1/20 - 6/30/20
  • for Academic Integrity Office 5/14/19 - 5/14/19
  • Appeared with a student in a promotional video for Bentley University Video Promotion 5/6/19 - 5/6/19
  • Guest Speaker for Bentley Teaching and Learning Council 3/5/19 - 3/5/19
  • Participant in faculty portion of the strategic planning process for Strategic Planning Initiative 9/20/18 - 9/20/18
  • Volunteer to sit on academic integrity hearings for Academic Integrity Office 5/1/18 - 5/31/18
  • Participant in active shooter drill for Bentley University Police 5/22/18 - 5/24/18
  • Committee Chair for Sabbatical Co-Chair, Faculty Affairs Committee 6/1/18 - 6/30/20
  • Committee Member for Board of Trustees Student Affairs Committee 9/1/16 - 5/31/18
  • Committee Member for Interim Provost Search Committee 1/1/17 - 4/30/17
  • Mentor (Faculty) for The College Fiscal Challenge 1/1/17 - 3/31/17
  • Program Organizer for Bentley University 2/1/17 - 2/28/17
  • Committee Member for Committe on Graduate Waiver Policy 9/1/14 - 12/31/15
  • Committee Member for Board of Trustees Physical Facilities Committee 9/1/13 - 12/31/15
  • Administrative Assignment, Other for Value Theme Coordinator 5/1/14 - 12/31/14
  • Guest Speaker for Bentley University 4/1/14 - 4/30/14
  • Mentor (Faculty) for The Crisis Game 2/1/14 - 2/28/14
  • Committee Member for Ad Hoc Domestic Semester Away Committee 1/1/13 - 8/31/13
  • Committee Member for Board of Trustees, Physical Facilities Committee 9/1/11 - 12/31/12
  • Committee Member for Board of Trustees, Physical Facilities Committee 9/1/11 - 5/31/12
  • Committee Member for New MBA Development Task Force 1/1/11 - 6/30/12
  • Committee Member for Board of Trustees, Student Affairs 1/1/11 - 5/31/11
  • University Senate for Faculty Senate Representative, Department of Economics 1/1/11 - 5/31/11