economics – Page 3

On Oct. 16, Richard Grossman, chair and professor of economics, discussed the latest unemployment numbers and current state of the economy with Todd Feinburg at WTIC in Hartford. This month, the national unemployment rate has fallen to a new low—3.5%. "Historically, and certainly for the last 10 years, the number peaked at 10% after the financial crisis, and it's been working its way down ever since," Grossman said. "That doesn't mean all is wonderful if you're in the labor force. There's a lot of other things going on ... people working part-time who would like to be working full-time ...…

On Oct. 3, Christiaan Hogendorn, associate professor of economics, presented a paper titled "Unequal Growth in Local Wages: Rail versus Internet Infrastructure" for the City College of New York's Economics Department. David Schwartz ’17 co-authored the paper. And on Oct. 12, Hogendorn presented a paper titled "The Long Tail of Online News Visits” at the 17th Media Economics Workshop in Braga, Portugal. The paper was co-authored by Hengyi Zhu ’15 and Lisa George of Hunter College. He also served as a discussant for a panel on Network-Mediated Knowledge Spillovers in ICT/Information Security.

Melanie Khamis, associate professor of economics, recently presented two talks. On Sept. 2, Khamis discussed “Migration and the Labor Market: New Evidence from Mexico" at the Council on Latin American and Iberian Studies at Yale University's MacMillan Center. On Sept. 20, she presented a paper titled “Personality, Gender, and the Labor Market” at the European Association of Labor Economists in Uppsala, Sweden. The paper addresses the topic of the effects of personality traits, both controlling for gender and interacting with gender, on labor market-related choices and outcomes. Coauthors of the paper include Giovanni Hutchinson '19 and Joyce Jacobsen, former Wesleyan…

In this recurring feature in The Wesleyan Connection, we highlight some of the latest news stories about Wesleyan and our alumni. Wesleyan in the News The Hill: "Analysis: 2020 Digital Spending Vastly Outpaces TV Ads" The Hill reports on a new analysis by the Wesleyan Media Project, which finds that 2020 presidential hopefuls have spent nearly six times more money on Facebook and Google advertising than on TV ads. President Donald Trump and the Republican National Committee lead the way in digital advertising, having spent nearly $16 million so far. All told, Facebook and Google have raked in over $60 million…

In this recurring feature in The Wesleyan Connection, we highlight some of the latest news stories about Wesleyan and our alumni. Wesleyan in the News The Washington Post: "How the NRA Highjacked History" In this op-ed, Associate Professor of History Jennifer Tucker writes about the history of the legal debate over the Second Amendment, and explains how the court's understanding of that history may shape the nation's response to the current gun violence epidemic. Her op-ed was reported on in The Trace. 2. The Hill: "A Tragic Misperception About Climate Change" Gary Yohe, the Huffington Foundation Professor of Economics and Environmental…

Richard Grossman, professor of economics, authored a blog post on the Vox CEPR website with Gareth Campbell and John Turner (Queen’s University Belfast) titled, “New monthly indices of the British stock market, 1829-1929." Although long-run stock market data are an important indicator, obtaining them is challenging. This column constructs new long-run broad-based indices of equities traded on British securities markets for the period 1829-1929 and combines them with a more recent index to examine the timing of British business cycles and compare returns on home and foreign UK investment. One finding is that the capital gains index of blue-chip companies…

A summary of Assistant Professor of Economics Gillian Brunet’s dissertation, “Understanding the Effects of Fiscal Policy: Measurement, Mechanisms, and Lessons from History,” was published in the June issue of the Journal of Economic History. She wrote the paper while pursuing her PhD in economics at the University of California, Berkeley. The global recession of 2008 and the resulting fiscal stimulus packages in many countries have reignited academic interest in government spending multipliers. Despite a growing theoretical and empirical literature, there is little consensus on the impact of government spending on macroeconomic aggregates. Gillian Brunet’s dissertation makes significant contributions to this…

David Kuenzel, assistant professor of economics, is the co-author of a new paper published in the July–August issue of International Journal of Forecasting titled “Forecasts in Times of Crises.” In the paper, Kuenzel and his co-authors examine the International Monetary Fund’s (IMF) forecast accuracy of 29 key macroeconomic variables for countries in times of economic crises. In general, forecasts of the IMF add substantial informational value as they outperform naive forecast approaches. However, the paper also documents that there is room for improvement: Two-thirds of the examined macroeconomic variables are forecast inefficiently, and six variables (growth of nominal GDP, public…

A paper written by Kaitlyn Thomas-Franz ’20 was the recipient of the 2018–19 Lebergott-Lovell Prize for the best paper written for a course that uses empirical techniques to analyze an economic problem. Thomas-Franz wrote the paper “The 1918 Influenza Epidemic and U.S. Female Labor Force Participation" while she was taking Macroeconomic Analysis during the spring 2019 semester. The class was taught by Gillian Brunet, assistant professor of economics. Honorable mentions included Qiyuan Zheng ’20 for a paper titled “FPI in Emerging Markets: Does the Equity Home Bias Theory Extend?” and Dominic Oliver ’19 for a paper titled “The Determinants of…

In this recurring feature in The Wesleyan Connection, we highlight some of the latest news stories about Wesleyan and our alumni. Wesleyan in the News 1. Where We Live: "The Life and Legacy of American Composer Charles Ives" Neely Bruce, the John Spencer Camp Professor of Music, is a guest on this show about the legacy of composer Charles Ives. Bruce is the only pianist who has ever played all of the Ives music for solo voice, in a project called the Ives Vocal Marathon, which took place at Wesleyan in 2009. He is also the co-editor of a new collection…

In this recurring feature in The Wesleyan Connection, we highlight some of the latest news stories about Wesleyan and our alumni. Wesleyan in the News The Hill: "Advice on Climate Policy for the 2020 Presidential Candidates" In this op-ed, Huffington Foundation Professor of Economics and Environmental Studies, Emeritus Gary Yohe and his coauthors write that they are encouraged by the "unprecedented attention being given to climate change among those vying for the 2020 Democratic presidential nomination" and offer words of advice for creating an ambitious but credible climate policy. 2. AINT — BAD: "Isabella Convertino" The photography of Isabella Convertino '20…

On May 25, members of the Class of 2019 were inducted into Wesleyan’s Gamma Chapter of Phi Beta Kappa Society, the oldest national scholastic honor society. The Wesleyan Gamma Chapter was organized in 1845 and is the ninth-oldest chapter in the country. To be elected, a student must first have been nominated by the department of his or her major. The student also must have demonstrated curricular breadth by having met the General Education Expectations and must have achieved a GPA of 93 and above. Phi Beta Kappa is the oldest surviving Greek letter society in America, founded in December…

Grossman Discusses Latest Unemployment Trends on WTIC Radio

Hogendorn Presents Economics Papers in New York and Portugal

Khamis Speaks on Labor Markets

Wesleyan in the News

Wesleyan in the News

Grossman Discusses British Stock Market on Economics Blog

Brunet’s Dissertation Summarized in the Journal of Economic History

Kuenzel’s Paper Examines the International Monetary Fund’s Forecast Accuracy

Paper by Thomas-Franz ’20 Wins Economics Department Prize

Wesleyan in the News

Wesleyan in the News

Members of the Class of 2019 Inducted into Phi Beta Kappa