Prosper Raynold

Associate Professor



Academic Background

  • Ph.D. Louisiana State University, Economics, 1989
  • M.S.Sc. Louisiana State University, Economics, 1986
  • B.Sc. Louisiana State University, International Trade and Finance, 1984

Academic & Professional Experience

  • Associate Professor, Miami University (1995-Present).
  • Assistant Professor, Miami University (1989-1995).
  • Applied Economics

Recent Publications

  • Raynold, Prosper 2022. “A Theory of Religious Affiliation”. Journal of Economics, Management, and Religion (forthcoming)
  • Morales, K. T. Kendrick, Raynold, P., and Li, Jing. The Empirical Relationship between Commitment Enhancement Devices and Terrorism. Applied Economics (2018) VOL. 50, NO. 50, 5366-5380.
  • Raynold, Prosper. Sacrifice and Stigma: Managing Religious Risk. Journal for the Scientific Study of Religion, 53(4), 2014, 826-847.
  • Raynold, P., 2013. Fellowship, Social Network Externalities, and Management of Religious Risk. Rationality and Society 25(2): 229-260.
  • Raynold, P. & Dunlevy, J. (1998). Aggregate Shocks and the Relationship Between U.S. Business Cycle Fluctuations and Export Performance. Journal of Economic Integration, 163-198.
  • Raynold, P. (1997). Study Guide to Accompany Lloyd B. Thomas; Money, Raynold, P., Erekson, O.H.., & Salemi, M.K. (1996).
  • Pedagogical Issues in Teaching macroeconomics. Journal of Economic Education, 27, 100-107.
  • Raynold, P. (1995). The Macroeconomic Effects of Federal Lending Activity. Applied Economics, 27, 947-952.
  • Raynold, P. (1994). The Macroeconomic Impact of Government Deficits in the Presence of Credit Market IMperfections: Evidence From the Interwar Period. Journal of Macroeconomics, 16, 55-76.
  • Raynold, P., Beard, T.R., & McMillin, W.D. (1993). The Nonmonetary Effects of Financial Factors During the Interwar Period. Economic Inquiry (98-99).
  • Raynold, P., McMillin, W.D., and Beard, T.R. "The Impact of Government Expenditures in the 1930's." Southern Economic Journal 58 (July 1991): 15-28.

Areas of Expertise

  • Financial analysis
  • Interaction between financial markets and the macroeconomy
  • Macroeconomics


Professor Raynold earned his undergraduate degree and PhD at Louisiana State University in Baton Rouge, LA in 1989 and commenced his tenure at Miami in August of that year. Professor Raynold teaches courses in macroeconomic theory, monetary theory and policy, and money and banking.

Professor Raynold's research interests and refereed publications address issues like the macroeconmic implications/consequences of credit market imperfections and disruptions in financial markets, the effects of innovations in fiscal and monetary policy, the management of religious risk, and the economics of religiously motivated terrorism.


  • SPRING 2023
  • ECO 301 A MW 8:30-9:50, FSB 0019
  • ECO 301 B MW 10:05-11:25, FSB 0019
  • ECO 418 A MW 1:15-2:35, FSB 0033
Prosper Raynold

Contact Information

Office Hours

  • MW 2:45-3:30
  • TR 2:00-3:00 (Zoom)


* Accessible version of PDF available upon request.