Olivia DrakeSeptember 10, 20192min
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…

Olivia DrakeAugust 30, 20192min
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…

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Olivia DrakeAugust 30, 20193min
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…

Olivia DrakeAugust 30, 20192min
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…

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Cynthia RockwellAugust 29, 20194min
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…

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Lauren RubensteinJuly 25, 20193min
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…

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Olivia DrakeJune 24, 20192min
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…

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Lauren RubensteinJune 10, 20193min
Wesleyan faculty frequently publish articles based on their scholarship in The Conversation US, a nonprofit news organization with the tagline, “Academic rigor, journalistic flair.” In a new article, Professor and Chair of Economics Richard Grossman analyzes the latest jobs report. May jobs report suggests a slowing economy – and possibly an imminent interest rate cut The latest jobs data suggests an interest rate cut may be imminent. The Labor Department reported on June 7 that U.S. nonfarm payroll employment increased by 75,000 in May, while the unemployment rate remained unchanged at 3.6%. This level of job creation was well below economists’ forecasts…

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Lauren RubensteinJune 6, 20193min
Wesleyan faculty frequently publish articles based on their scholarship in The Conversation US, a nonprofit news organization with the tagline, “Academic rigor, journalistic flair.” In a new article, Huffington Foundation Professor of Economics and Environmental Studies Gary Yohe writes about the economic costs of climate change, which he argues will hit our economy much sooner than many people realize. The economic cost of devastating hurricanes and other extreme weather events is even worse than we thought June marks the official start of hurricane season. If recent history is any guide, it will prove to be another destructive year thanks to the worsening…

Lauren RubensteinApril 1, 20192min
In this recurring feature in The Wesleyan Connection, we highlight some of the latest news stories about Wesleyan and our alumni. Recent Wesleyan News Gizmodo: "What's the Oldest Disease?" Douglas Charles, professor of anthropology, professor of archaeology, says "we don't know" the answer to this question because of limitations in fossil records. However, he says that there are indications of tuberculosis, leprosy and tumors found in ancient human and Homo erectus skeletons. The Middletown Press: "Wesleyan University to Move 90 Employees to Main Street Middletown" Wesleyan's University Relations staff and most Finance staff will move to the Main Street building as…

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Olivia DrakeMarch 27, 20193min
Vietnam native Jess Tran '21 grew up learning her native language alongside English, but it wasn't until her freshman year at Wesleyan that she decided to give a third language a try—Japanese. Tran, an economics major and College of East Asian Studies minor, immersed herself in the new language for two years. This month, she won a prize at the annual Consulate General of Japan in Boston Japanese Language Contest. The essay prompt was "What is Japan to me?" "In essence, I talked about how my initial admiration for certain aspects of Japan inspired me to think about how I can contribute to Vietnam—my home…

Lauren RubensteinMarch 15, 20199min
In this recurring feature in The Wesleyan Connection, we highlight some of the latest news stories about Wesleyan and our alumni. Recent Wesleyan News The GlobePost: "Trump's Foreign Trade Policy and the Art of the Deal" In this op-ed, Giulio Gallarotti, professor of government, co-chair of the College of Social Studies, argues that Donald Trump's approach to U.S. trade policy is shaped by his career as a real estate mogul and businessman. 2. The Hartford Courant: "Don't Let the 'Green New Deal' Hijack the Climate's Future" This op-ed coauthored by Huffington Foundation Professor of Economics and Environmental Studies Gary Yohe expresses concern…