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Simon Bilo

Simon Bilo

  • Assistant Professor of Economics, Allegheny College

Simon Bilo is an Assistant Professor of Economics at Allegheny College, and earned his PhD in economics from George Mason University. While at George Mason, he was a Mercatus Dissertation Fellow. Simon holds a MA in Economics of International Trade and European Integration – a joint degree awarded by a consortium of seven European universities that include Universiteit Antwerpen (Belgium) and Staffordshire University (UK).  In addition, he holds a master’s degree in Economic Policy from the University of Economics in Prague (Czech Republic). His primary research focuses on theories of exchange rates, pricing of production factors, and the Austrian school of economics. In the past, he was a director and one of the founders of the Prague Conference on Political Economy (pcpe.libinst.cz); Alford Fellow and Printz Fellow at the Ludwig von Mises Institute; and CEE telecommunications analyst at the International Data Corporation (IDC). Simon’s paper presentations include the International Confederation of Associations for Pluralism in Economics International Research Conference and the Eastern Economic Association annual conference.

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Published Research

Working Papers

Simon Bilo | Apr 2016
Hayek's business cycle theory portrays monetary expansion and monetary contraction with counterintuitive asymmetry. On the one hand, it suggests that they both change relative prices and cause costly reallocations of production factors. At the same time, the theory predicts that while a monetary contraction causes the economic crisis, the monetary expansion comes with the boom.
Simon Bilo | Dec 2015
Economists contributing to the Austrian theory of capital use the theorem stating that a change in the real interest rate reallocates production factors. According to this theorem, a decrease in real interest rate shifts production factors into earlier stages of production and its increase shifts them to later stages.
Simon Bilo | Nov 2015
Where investments are irreversible and future uncertain, people in two countries can make investment decisions that turn out to be mutually inconsistent. I argue that this intertemporal coordination failure explains international business cycles in a two-currency-area setting.
Simon Bilo | May 2015
Richard Cantillon and David Hume both propose the theory of monetary non-neutrality, whereby the money supply changes through the money balances of specific individuals. Such an uneven distribution of monetary change then spreads throughout the economy step by step and changes relative prices.

Research Areas