Christopher R. Herdelin, Ph.D.
Assistant Professor of Economics & Finance
About Dr. Herdelin
Dr. Herdelin’s professional background spans both academic research and public service, having previously served as an Economist with the United States Department of the Treasury and held faculty appointments at Villanova University, Ursinus College, and Stockton University. He holds a Ph.D. in Economics from the New School for Social Research, an M.S. in Applied Economics from Johns Hopkins University, an M.S. in Financial Economics from West Texas A&M University, and a B.A. from Thomas Edison State University. He also holds professional certifications as a Certified Business Economist (CBE) and a Certified Forecaster.
Dr. Herdelin’s research integrates macroeconomic dynamics, stability theory, quantitative policy modeling, computational economics, and economic education pedagogy, grounding each of these subfields within a Post Keynesian framework. His work specializes in evaluating the structural stability, distributional changes, and evolutionary trajectories of macroeconomic systems from a heterodox perspective. Within quantitative policy modeling, his research utilizes vector autoregression (VAR) frameworks to evaluate how central bank mandates, Taylor rules, and labor market slack interact over multi-decade horizons to affect macro-distribution.
A secondary focus of his current research involves advancing economic education and interdisciplinary pedagogy by bridging Post Keynesian economic frameworks with formal mathematical modeling. He constructs continuous-time systems formalized through differential equations, leveraging Jacobian matrices and qualitative phase diagrams to evaluate systemic stability boundaries. To assess higher-dimensional structural dynamics, his research applies the mathematical mechanics of the Routh-Hurwitz criterion.
Dedicated to experiential learning, Dr. Herdelin trains students to actively use and interact with diverse computational and econometric tools, including MATLAB and Stata. Through this hands-on approach, he empowers students to bridge theoretical frameworks with quantitative application, ensuring they can effectively manipulate analytical models and interpret real-world data within a practical macroeconomic and financial context.
Research Interests
- Growth and Distribution
- Computational Economics
- Time Series Analysis
Career & Accomplishments
Degrees
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•M.Phil., Ph.D. Economics, The New School for Social Research
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•M.S., Applied Economics, Johns Hopkins University
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•M.S., Financial Economics, West Texas A&M University
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•B.A., Economics, Thomas Edison State University
Recent Work
Journal Publications
- Herdelin, Christopher R. 2026. “From Shocks to Policy: The Evolution and Impact of Stock and Watson 2001 After a Quarter Century.” Economies 14, no. 10: 460.
- Herdelin, Christopher R. 2026. “Revisiting a Post Keynesian Explanation of US Inflation.” Journal of Risk and Financial Management 19, no. 3: 202.
- Herdelin, Christopher R. 2025. “The Impact of the Unemployment Rate Gap on the Labor Share of Income.” Eastern Economic Journal 51, no. 3: 456–471.
Working Papers & Manuscripts
- Herdelin, Christopher R. 2026. “Teaching Macroeconomic Dynamics: Analyzing the Carlin-Soskice Three-Equation Macro Model Using MATLAB and the Routh-Hurwitz Criterion.”
- Setterfield, Mark, and Christopher R. Herdelin. 2026. “Central Bank Activity, the Goodwin Pattern, and Secular Decline in the Wage Share.” Working Papers 2608, New School for Social Research, Department of Economics.