Carolyn Sherwood Call Curriculum Vitae

Ph.D. in Economics, University of California, Berkeley, 1985
Special Fields: Urban Economics and Public Finance.
Dissertation: The Economic Effects of a Local Labor Tax: The Case of San Francisco

M.A. in Economics, Boston University, Boston, Massachusetts, 1981

B.A. in American Studies, Pomona College, Claremont, California, 1979

Professional Experience
Director of Business Programs, Lorry I. Lokey School of Business and Public Policy, July 2017-present

Interim Dean, Lorry I. Lokey School of Business and Public Policy, July 2016-June 2017

Associate Dean & MBA Academic Director, Lorry I. Lokey Graduate School of Business, March 2015-June 2016

Acting Dean, Lorry I. Lokey Graduate School of Business, March-June 2015

Assistant Dean & MBA Academic Director, Lorry I. Lokey Graduate School of Business, July 2013-March 2015

Key administrative accomplishments:

  • Lead and manage academic initiatives such as Curriculum Review, Program Review, Annual Assessment of Learning Report and changes in College policies and procedures
  • Provide coaching and guidance to new and continuing Business faculty to ensure teaching excellence and continuous improvement in teaching and pedagogy
  • Coordinate academic advising for graduate and undergraduate business students
  • Provided consistent leadership during 2½ year transition period in Lokey School leadership
  • Led effort to propose, gain faculty approval for, and implement a new undergraduate Business Administration major

Mills College, August 2010-present, 2006, 1999-2000, 1995

  • Graduate courses: Applied Economic Analysis; Business, Policy, and Society; Economics for Managers, Microeconomic Theory, Managerial Economics (MBA), Public Sector Economics, Environmental Sustainability & Business.
  • Undergraduate courses: Business and Society, Environmental Sustainability & Business, Public Sector Economics, Microeconomic Theory, Industrial Organization, Current Economic Issues, and Urban Economics

Saint Mary’s College of California, 1998-2002

  • Courses taught included Money and Banking, Current Economic Issues, Microeconomic Theory, Principles of Microeconomics, and Principles of Macroeconomics

University of California, Berkeley, 1995 and 1987

  • The Economics of Public Policy Analysis, Graduate School of Public Policy
  • Real Estate and Urban Economics, School of Business

Economist, Federal Reserve Bank of San Francisco, 1985-1995.

  • Prepared reports and briefings regarding the Twelfth Federal Reserve District (nine western states) for internal bank use and for the public.
  • Wrote Twelfth District section of the Federal Reserve’s “Beige Book” summary of economic conditions. Occasionally wrote national “Beige Book” summary.
  • Conducted economic research on regional and applied microeconomic issues.
  • Made presentations to Boards of Directors at Head Office and Bank Branches.
  • Prepared and presented speeches to business and civic groups and responded to media inquiries

Service and Leadership, Mills College

Member, Academic Standing Committee, September 2018-present

Chair, Graduate Council, September 2017-present

Member, Graduate Council, March 2015-May 2017

Faculty Curriculum Advisor for MBA program, 2012-2013

Founding Chair, Green Team, Economics Department and Graduate School of Business, October 2011-2014

Member, Mills College Sustainability Committee, August 2011-May 2015

Faculty Advisor for April 8, 2011 conference “Evolving Models: Innovations in Social Enterprise”, Center for Socially Responsible Business, Lorry I. Lokey Graduate School of Business, Mills College, January-May 2011

Papers and Publications
With Sepi Aghdaee, “Local Minimum Wages and Local Business Conditions:  Survey results from Oakland, California”, American Journal of Management, 17(1) 2017, pp. 57-75

With Leah Mowery, “Oakland Business Conditions Survey”, Fall 2016 Survey.  Report published May 2017.

With Sepi Aghdaee, “Oakland Business Conditions Survey:  Impact of Measure FF”, Summer 2016 survey.  Report published February 2016.

“Financial Innovations in Social Enterprise”, CSRB Insights, Center for Socially Responsible Business, Lorry I. Lokey Graduate School of Business at Mills College, April 11, 2012

“Analysis of GHG Reductions from High-Speed Rail In the AB 32 Proposed Scoping Plan”, unpublished manuscript, December 2008.

“The Benefits and Drawbacks of Carbon Offsets”,, April 3, 2008.

“The 1980s Divergence in Per Capita Personal Incomes: What Does It Tell Us?” Federal Reserve Bank of San Francisco Economic Review (1996-1), 14-25.

“Beyond Payroll Employment: Evaluating Alternative Measures of State Economic Activity”, Internal working paper, Federal Reserve Bank of San Francisco, February 1995.

With Stephen O. Dean, “Background Section”, Community Investment Opportunities: South Central Los Angeles, Community Affairs Department, Federal Reserve Bank of San Francisco, December 1992, 5-27.

“Changing Geographical Patterns of Electronic Components Activity”, Federal Reserve Bank of San Francisco Economic Review (1992-2), 25-35.

“Assessing Regional Economic Stability: A Portfolio Approach”, Federal Reserve Bank of San Francisco Economic Review (1990-1), Winter 1990, 17-26.

“Exploring the Relationships between National and Regional Economic Fluctuations”, Federal Reserve Bank of San Francisco Economic Review (1988-2), Summer 1988, 15-25. 

“Undocumented Workers and Regional Differences in Apparel Labor Markets”, Federal Reserve Bank of San Francisco Economic Review (1989-1), Winter 1989, 53-63.

“Tax Revolt or Tax Reform? The Effects of Local Government Limitation Measures in California”, Federal Reserve Bank of San Francisco Economic Review (1987-2), Spring 1987, 57-67.

“The Labor Tax as an Alternative Revenue Source”, Proceedings of the National Tax Association Annual Conference, November 1986, 88-93.

“The Comparative Incidence of Local Taxes: The Payroll Tax versus the Property Tax”, Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (86-10), November 1986.

Federal Reserve Bank of San Francisco Weekly Letters
Regional Income Divergence in the 1980s (94-30), September 9, 1994
An “Intermountain Miracle”? (94-23), June 24, 1994 (with R. Schmidt)
NAFTA and the Western Economy (93-40), November 19, 1993 (with R. Schmidt)
Economic Impacts of Military Base Closings and Realignments (93-28), Aug. 20, 1993
Whither California? (93-27), August 8, 1993
What’s Happening to Southern California? (92-29), August 21, 1992
Perspective on California (92-24), June 19, 1992
The Silicon Valley Economy (92-22), May 29, 1992
The Product Life Cycle and the Electronic Components Industry (92-09), Feb. 28, 1992
Aerospace Downturn (91-28), August 16, 1991
Earthquake Aftermath, November 30, 1990
Oil in the West, November 16, 1990 (with R. Schmidt)
California’s Recent Performance, August 17, 1990 (with R. Schmidt)
Real Estate Problems in the West? July 6, 1990
Western Manufacturing: Bucking the National Trend? May 18, 1990 (with R. Schmidt)
The Western Economy in the 80s, Feb. 16, 1990 (with R. Schmidt, S. Dean, R. Dettmer)
Regional Economic Stability, February 9, 1990
Eastward, Ho! November 17, 1989
Why Do Regional Economies Differ? August 18, 1989 (with R. Schmidt)
Arizona’s Slowdown, February 17, 1989
Why Do Regions Grow? November 25, 1988
The West: Slowing, But Still Strong, Nov. 18, 1988 (with R. Schmidt, S. Dean, S. Gilbert)
California’s Minimum Wage, September 16, 1988
Drought and the West, August 19, 1988
State and National Economic Fluctuations, July 15, 1988
Modest Growth in West for 1987 and 1988, February 26, 1988
Prop. 13 Nine Years Later, September 11, 1987
Outlook for U.S. Agriculture, July 10, 1987
Trade and the Western Economy, May 1, 1987
The Western Region in 1986, February 6, 1987
Irrigation and Water Quality, January 2, 1987
Oil and Alaska’s Economy, August 8, 1986
The Contract Defense Industry in the West, March 28, 1986 (with K. Hotti)
Western Region, January 24, 1986
The Semiconductor Industry, October 18, 1985
Local Payroll Taxes and Local Employment, October 4, 1985