Olivia DrakeAn article by Masami Imai, director and chair of the Mansfield Freeman Center for East Asian Studies, associate professor of economics, was published in Journal of International Business Studies, Issue 42, pages 406-426, in 2011. The article is titled "Related Lending and Banking Development," and is co-authored by Robert Cull and Stephen Haber.
Abigail Hornstein, assistant professor of economics, is the author of “Where A Contract Is Signed Determines Its Value: Chinese Provincial Variation in Utilized vs. Contracted FDI Flows,” published in the March 2011 edition of the Journal of Comparative Economics, 39(1). In the article, Hornstein explains how there are major differences between ex ante corporate investment plans and ex post investments. The case of China is useful for understanding this problem because there is substantial time series and cross sectional variation in the ratio of utilized to contracted FDI (UC ratio), which is less than one in most province-year observations. Provinces…
Richard Grossman, professor of economics, presented a paper titled "Contingent Capital and Bank Risk-Taking: Evidence from British Equity Markets before World War I” at the Yale Economic History Workshop on Feb. 21. Masami Imai, chair and associate professor of East Asian studies, associate professor of economics and director of the Freeman Center for East Asian Studies, co-authored the paper. The workshop was sponsored by Yale University's Department of Economics.
Masami Imai, associate professor of economics, chair and associate professor of East Asian studies, director of the Freeman Center for East Asian Studies, is the co-author of an article titled, “Bank Integration and Transmission of Financial Shocks: Evidence from Japan,” published in the American Economic Journal: Macroeconomics, Vol. 3, No. 1, pages 155-183 in January 2011. This paper investigates whether banking integration plays an important role in transmitting financial shocks across geographical boundaries by using a dataset on the branch network of nationwide city banks and prefecture-level dataset on the formation and collapse of the real estate bubble in Japan.…
Eric GershonChristiaan Hogendorn, associate professor of economics, has been named a co-editor of Information Economics and Policy, an international academic journal focused on mass media and communications technology industries. He assumes his duties as one of the quarterly journal’s three co-editors in January. Hogendorn’s current research focuses on the economics of the Internet, including the infrastructure and regulation needed to keep it innovative. IEP is published by Elsevier of Amsterdam. The journal publishes peer-reviewed, policy-oriented research about the production, distribution and use of information. Separately, Hogendorn, who joined the Wesleyan faculty in 2001, expects to publish a chapter in a book forthcoming…
David PesciGary Yohe, Huffington Foundation Professor of Economics and Environmental Studies, co-authored a paper titled: “Characterizing changes in drought risk for the United States from climate change,” published in the journal Environmental Research Letters. The piece can be found at IOP Science.
John Bonin, the Chester D. Hubbard Professor of Economics, authored this year’s President’s Address for the Association of Comparative Economic Studies, "From Reputation amidst Uncertainty to Commitment under Stress: More than a Decade of Foreign-Owned Banking in Transition Economies." The address appears in Comparative Economic Studies, Vol. 52, No. 4 pp. 465- 494, December 2010.
(more…)
Richard Grossman, professor of economics, is the co-author of “International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons,” published in the Oxford Review of Economic Policy 26(3), November 2010, pp. 318-338.
So much has been written about the recession that befell the country in the late summer of 2008. It was "unprecedented;" it "caught experts by surprise;" "virtually no one saw it coming." After all, a recession triggered by a major segment of the economy that was vulnerable to speculation, occurring during a time of high government deficits, cuts in interest rates, and tax reductions combined with dramatic increases in federal spending? When has that happened before? “Dozens of times, if not more, during the last one hundred and fifty years or so,” says Richard Grossman, professor of economics, economic historian…
The Department of Economics welcomes William “Bill” Craighead, assistant professor. Craighead is an expert on international economics, open-economy macroeconomics and economic history. “I’m currently researching how exchange rate policy affects employment in different sectors of the economy,” he says. In addition to his research, he is teaching an upper-level elective, International Trade, and a core course called Macroeconomic Analysis. "This is a particularly exciting time to be studying macroeconomics," he says. "While the economic slump has unfortunately brought a great deal of hardship to many people, it has raised a number of issues that I can discuss with the students…
Jacobsen says gender disparity suffuses the job market, but unemployment is affecting more men