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.
Professional Memberships
American Economic Association PresentAmerican Finance Association PresentSouthern Economic Association PresentAwards and Honors
2015, Innovation in Teaching Award, Bentley Unversity2014, Gregory H. Adamian Award for Excellence in Teaching, Bentley University2010, Innovation in Teaching Award, Bentley University2003, Bentley College Scholar of the Year, 20032003, Gibbons Research Professor, 2000-2003Publications
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) A10Forrest, 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 1-16. 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., Sultan, J. (2009). The Effects of Global Terrorism on Risk Premium: Evidence from Stock Markets In Mathew Morgan, (Eds.) . new York: Palgrave McmillanGulley, O. D. (1995). Is the Real Interest Rate Stable? Further Evidence In Dilip K. Ghosh, (Eds.) . 199-207. New York: Pergamon PressGulley, O. D., Forrest, D. (). The Efficiency of Lotto Markets In , (Eds.) Handbook of Gambling Markets. Oxford University Press Forthcoming.
Book Reviews
Gulley, O. D. (1992). [Review of the book A Review of Booms and Recessions in a Noisy Economy ]. Business in the Contemporary World.
Other(s)
Gulley, O. D. (1990). The Relationship Between Household, Corporate, and Government Saving. Presentations
Gulley, O. D. (2021). Presented at the American Economic Association Conference on Teaching and Research in Economic Education Zoom Gulley, O. D., Sultan, J., Ahmed, R. (2020). “Conventional and Unconventional Monetary Policy Shocks, Commodity Price Instability, and Political Risk” Presented at the WEAI Western Economic Association International Conference Virtual Gulley, O. D. (2018). “Lengthening the Odds: The Effect on Sales of Making a Lotto Game Harder to Win” Presented at the WEIA Western Economic Association International Conference Vancouver Gulley, O. D. (2018). Presented at the Eastern Economic Association Eastern Economic Association Conference Boston, MA Gulley, O. D., Jackson, A. L. (2017). “Participating in the College Fed Challenge” Presented at the American Economic Association Teaching Conference Denver, CO Gulley, O. D., Jackson, A. L. (2016). “Participating in the College Fed Challenge” Presented at the American Economic Association Teaching Conference Atlanta, GA Gulley, O., Forrest, D. (2015). “New Rules, New Results? Changes in the Payout Structure of the UK National Lottery” Presented at the Atlantic Economic Association Atlantic Economic Association Conference Boston, MA Gulley, O., Forrest, D. (2015). “New Rules, New Results? Changes in the Payout Structure of the UK National Lottery” Presented at the Eastern Economic Association Eastern Economic Association Conference New York Gulley, O., Jackson, A. L. (2015). “Flipping Out: A Case Study on Using the Flipped Classroom in an Upper Level Economics Course” Presented at the Eastern Economic Association Eastern Economic Association Conference New York Gulley, O. D., Simon, D. P., Yates, D. J. (2014). “Bitcoin. Big Deal or Big Scam?” Presented at the Hughey Center for Financial Services and Bentley Finance Department Panel on Bitcoin. Big Deal or Big Scam? Bentley University, Waltham, MA, http://goo.gl/gExh4d Gulley, O. D., Jackson, A. L. (2013). “Using Team-Based Competitions to Foster Student Learning” Presented at the NYSEA New York State Economics Association Annual Conference Farmingdale, NY Gulley, O. D., Jackson, A. L. (2013). “Pressing the Issue: The Impact of Fed Press Conferences on Financial Markets” Presented at the Western Economic Association International WEAI 10th Biennial Pacific Rim Conference Toyko, Japan Gulley, O. D., Jackson, A. L. (2012). “Using Team-Based Competitions to Foster Student Learning” Presented at the American Economic Association National Conference on Teaching Economics and Research in Economic Education Boston, MA Gulley, O. D., Forrest, D. (2011). “Bettor Sensitivity to Rollovers in the UK National Lottery Game” Presented at the Eastern Economics Association Eastern Economics Association Conference New York Gulley, O. D., Haughton, D. M., Scholten, P. A., Kamis, A. (2010). “A Structural Equation Model of Gambling in the United Kingdom” Presented at theEastern Economic Association Philadelphia, PA Gulley, O. D., Haughton, D. M., Kamis, A., Scholten, P. A. (2008). “A Structural Equation Modeling of Gambling in the UK” Presented at theSouthern Economics Association Washington, DC Gulley, O. D., Sultan, J. (2007). “Terrorism and Financial Markets” Presented at theFMA Barcelona Gulley, O. D., Forrest, D. (2007). “The Changing Elasticity of the UK National Lottery” Presented at theSouthern Economics Association New Orleans Sultan, J., Gulley, O. D. (2006). “Terrorism and Financial Markets” Gulley, O. D., Forrest, D., Simmons, R. (2005). “A High Frequency Time-Series Analysis of Demand for Gambling in the UK” Gulley, O. D., Sultan, J. (2005). “Economics, Politics, and the Federal Funds Market: Does the Fed Play Politics?” Gulley, O. D., Forrest, D. (2005). “Expenditures on the UK National Lottery” Gulley, O. D., Forrest, D. (2005). “Expenditures on the UK National Lottery” Gulley, O. D., Forrest, D. (2005). “Expenditures on the UK National Lottery” Gulley, O. D., Sultan, J. (2005). “What Moves the Federal Funds Market?” Gulley, O. D., Santerre, R. (2003). “Do Nursing Homes in California Possess Market Power?” Presented at theEastern Economic Association New York Forrest, D., Gulley, O. D., Simmons, R. (2002). “A High Frequency Time-Series Analysis of the Demand for Gambling in the UK” Presented at theSouthern Economic Association New Orleans Gulley, O. D., Lizotte, O. (1997). “Forecasting the Fed: Predicting Change in the Federal Funds Rate” Presented at theMidwest Economics Association Kansas City Fletcher Brown, D., Gulley, O. D. (1996). “Forecasting Volatility Over Different Forecasting Horizons” Presented at theSouthern Economic Association Washington DC Service
Department Service
Department Chair for Economics Department 2020 - PresentCourse Coordinator for MBA Concentration Coordinator 2011 - PresentCommittee Member for Hiring Committee, tenure track faculty 2023 - 2024I was a representative of the economics department for Fall Open House 2022 - 2023Committee Member for Hiring Committee, lecturers 2022 - 2023Committee Member for Hiring Committee, tenure track faculty 2022 - 2023I was a representative of the economics department for Spring Open House 2022 - 2022Committee Chair for Economics Department 2021 - 2021Attended Spring Open House for new students for Bentley University 2021 - 2021Committee Member for ad-hoc Workday faculty focus group 2019 - 2019Acting Chair for Acting Chair, Department of Economics 2019 - 2019Presented to the BOMC on generating research ideas for Bentley Open Market Committee 2019 - 2019Attended a mixer for faculty and students for Bentley Women in Economics 2019 - 2019Committee Chair for Hiring Committee 2018 - 2019Mentor (Faculty) for Teaching Mentor 2018 - 2018Committee Member for Ad hoc Economics Department CFA Review Committee 2018 - 2018Committee Member for Department of Economics, Scholarly Activities Committee 2016 - 2018Other for Economics Department, Chair review committee 2017 - 2017Department rep to open house for Spring Open House 2017 - 2017Department rep to open house for Fall Open House 2016 - 2016Department rep to open house for Spring Open House 2016 - 2016Committee Chair for Hiring Committee 2015 - 2016Other for Economics Department, Chair review committee 2015 - 2015Department rep to open house for Bentley 2015 - 2015Explained concentration/courses to prospective MBA concentrators for OPen House for MBA concentrators 2014 - 2014Attended as department rep and as someone who's taught honors courses for Open house for prospective honors students 2014 - 2014Committee Chair for Hiring Committee 2013 - 2014Course Coordinator for Internship Coordinator 2011 - 2013represented economics department for open house for prospective students 2012 - 2012Acting Chair 2012 - 2012Committee Member for Faculty Senate representative 2007 - 2011University Service
Committee Chair for Sabbatical Committee 2020 - PresentBeta Gamma Sigma 2020 - PresentI served on multiple academic integrity hearings for Academic Integrity Offiice 2023 - 2023Guest Speaker for Guest speaker, GLS248 2023 - 2023Committee Member for Bentley University Board of Trustees Enrollment Management Committee 2019 - 2022Guest Speaker for The impact on the Russian invasion of Ukraine 2022 - 2022Judged the Bentley Business Bowl for Bentley University 2022 - 2022I participated in a number of forums/feed back sessions on the proposed curriculum revisions. for New Curriculum Task Force TF 4.0 2020 - 2020Guest Speaker for Blum Shapiro LLC 2020 - 2020Committee Chair for Sabbatical Co-Chair, Faculty Affairs Committee 2018 - 2020Guest Speaker for the Office of Alumni & Family Engagement 2020 - 2020Interviewed with a consultant on faculty governance at the request of Donna-Maria Blancero for Provost's Office 2019 - 2019Other for Academic Integrity Office 2019 - 2019Appeared with a student in a promotional video for Bentley University Video Promotion 2019 - 2019Guest Speaker for Bentley Teaching and Learning Council 2019 - 2019Participant in faculty portion of the strategic planning process for Strategic Planning Initiative 2018 - 2018Volunteer to sit on academic integrity hearings for Academic Integrity Office 2018 - 2018Committee Member for Board of Trustees Student Affairs Committee 2016 - 2018Participant in active shooter drill for Bentley University Police 2018 - 2018Committee Member for Interim Provost Search Committee 2017 - 2017Mentor (Faculty) for The College Fiscal Challenge 2017 - 2017Program Organizer for Bentley University 2017 - 2017Committee Member for Committe on Graduate Waiver Policy 2014 - 2015Committee Member for Board of Trustees Physical Facilities Committee 2013 - 2015Administrative Assignment, Other for Value Theme Coordinator 2014 - 2014Guest Speaker for Bentley University 2014 - 2014Mentor (Faculty) for The Crisis Game 2014 - 2014Committee Member for Ad Hoc Domestic Semester Away Committee 2013 - 2013Committee Member for Board of Trustees, Physical Facilities Committee 2011 - 2012Committee Member for New MBA Development Task Force 2011 - 2012Committee Member for Board of Trustees, Physical Facilities Committee 2011 - 2012Committee Member for Board of Trustees, Student Affairs 2011 - 2011University Senate for Faculty Senate Representative, Department of Economics 2011 - 2011Professional Service
Judge in academic competition for College Fed Challenge 2023 - 2023Reviewer, Journal Article for International Gambling Studies 2023 - 2023Judge in academic competition for Global Economic Symposium 2023 - 2023Judge in academic competition for College Fed Challenge 2022 - 2022Prepared an external review of various aspects of the economics department at Suffolk University for External program reviewer, Department of Economics, Suffolk University 2022 - 2022Judge in academic competition for Global Economic Symposium 2022 - 2022Judge in academic competition for College Fed Challenge 2021 - 2021Judge for academic competition for Global Economic Symposium 2021 - 2021Reviewer, Journal Article for Western Economic Association International 2020 - 2020Acted as a judge for the competition for Global Economic Symposium 2020 - 2020Acted as a judge for the competition for Global Economic Symposium 2019 - 2019Reviewer, Journal Article for Australian Economic Review 2019 - 2019Reviewer, Journal Article for International Gambling Studies 2018 - 2018Reviewer, Journal Article for Bentley University 2017 - 2017Reviewer, Journal Article for Journal of Public Economics 2017 - 2017Reviewer, Conference Paper for Eastern Economic Association 2017 - 2017Reviewer, Ad Hoc Reviewer for International Review of Economics Education 2016 - 2016Reviewer, Ad Hoc Reviewer for Journal of Economics and Finance Education 2016 - 2016Reviewer, Ad Hoc Reviewer for Oxford Bulletin of Economics and Statistics 2016 - 2016Reviewer, Ad Hoc Reviewer for Bentley University 2016 - 2016Reviewer, Conference Paper for Atlantic Economic Association 2015 - 2015Reviewer, Ad Hoc Reviewer for New Zealand Economic Papers 2015 - 2015Reviewer, Conference Paper for Eastern Economic Association 2015 - 2015Reviewer, Journal Article for International Economics and Economic Policy 2014 - 2014Reviewer, Journal Article for International Journal of Sports Finance 2014 - 2014Reviewer, Journal Article for International Journal of Gambling Studies 2014 - 2014Reviewer, Journal Article for National Tax Journal 2014 - 2014Reviewer, Conference Paper for NYSEA Annual Conference 2013 - 2013Conference/Workshop Session Chair for NYSEA Annual Meeeting 2013 - 2013Reviewer, Journal Article for British Journal of Mathematics and Computer Science 2013 - 2013Reviewer, Journal Article for National Tax Journal 2013 - 2013Reviewer, Book for Business Expert Press 2012 - 2012Reviewer, Journal Article for Journal of Economic Surveys 2011 - 2011Reviewer, Journal Article for Journal of Environmental Management 2011 - 2011Gave newspaper interview for Waltham Tribune interview 2011 - 2011Reviewer, Journal Article for Eastern Economic Journal 2011 - 2011
