economics – Page 7

Professor of Economics Richard Grossman tells his students that getting closer to the truth is what economic research is all about. That's why he was so dismayed when "my devotion to, and belief in, the truth was battered by the presidential election," he writes in an op-ed on The Hill. He writes: It turns out that polling data and analysis contained very little truth. The news were no better. The mainstream media got many things wrong. And there was no shortage of fake news. Although peddled as the real thing, it really wasn’t even trying to provide truth, only to shape opinion.…

David Kuenzel, assistant professor of economics, is the author of a new paper published in the European Economic Review titled "WTO Dispute Determinants." In the paper, Kuenzel investigates what factors drive the decisions of World Trade Organization member countries to engage in trade disputes with each other. "Understanding the determinants of the dispute pattern is crucial, since the WTO can only function properly if its dispute settlement mechanism is equally accessible to all member countries," Kuenzel said. The paper presents a new theory and empirical evidence to show that trade policy flexibility, which is defined as the difference between the…

Masami Imai, chair and professor of economics, professor of East Asian studies, presented a paper at the 19th Annual International Banking Conference held at the Federal Reserve Bank of Chicago on Nov. 4. This year’s theme was Achieving Financial Stability: Challenges to Prudential Regulation, giving Imai the opportunity to speak on “Japan’s Regulatory Response to Banking Problems.” At the 12th Annual Workshop on Macroeconomics Research at Liberal Arts Colleges, held at Williams College in August, and at the Japanese Economic Association Meeting held at Waseda University College in Tokyo, Japan in September, Imai discussed “The Effects of Ethnic Chinese Minority on Vietnam’s Regional…

William J. Barber, the Andrews Professor of Economics, Emeritus, died Oct. 26 at the age of 91. A memorial service will be held at 1 p.m., Jan. 28 in Memorial Chapel with a reception to follow in Daniel Family Commons. Barber arrived at Wesleyan in 1957 after receiving his BA from Harvard University and completing a Rhodes Scholarship and earning a BA, MA and Doctor of Philosophy from Oxford University. He taught at Wesleyan for 37 years before retiring in 1994. Barber was actively engaged in the leadership of the University throughout his time at Wesleyan. He was a founding member…

Melanie Khamis, assistant professor of economics, assistant professor of Latin American studies, attended the Informality and Development Conference in Honor of Elinor Ostrom held at Indiana University on Oct. 22-23. Khamis, co-authored two papers presented at the conference including “Migration and the Informal Sector,” and “Risk Attitudes, Informal Employment and Wages: Evidence from a Transition Country." The conference was organized by faculty from Cornell University and Indiana University. It centered around the study of informality, the part of an economy that is neither taxed not monitored by any form of government—a subject area where Professor Ostrom, the first and only woman to have won…

David Kuenzel, assistant professor of economics, is the co-author of a new paper published in the Canadian Journal of Economics titled "The Elusive Effects of Trade on Growth: Export Diversity and Economic Take-off." In the paper, Kuenzel and his co-author, Theo Eicher from the University of Washington, investigate whether the diversity of countries' export portfolios affects their economic growth performance. In the paper, Kuenzel and Eicher propose a structured approach to trade and growth determinants based on recent advances in international trade. The results show that export diversity serves as a crucial growth determinant for low-income countries, and the effect…

John Bonin, the Chester D. Hubbard Professor of Economics and Social Science, and his former student Dana Louie ’15, are authors of a new paper published in Journal of Comparative Economics titled, “Did foreign banks stay committed to emerging Europe during recent financial crises?” In the paper, Bonin and Louie investigate the behavior of foreign banks with respect to real loan growth during times of financial crisis for a set of countries where foreign banks dominate the banking sectors. The paper focuses on eight countries that are the most developed in emerging Europe and the behavior of two types of banks:…

Associate Professor of Economics Abigail Hornstein and James Hounsell '11 are the authors of a new paper published in The Journal of Economics and Business titled "Managerial investment in mutual funds: Determinants and performance implications." In the paper, Hornstein and Hounsell examine what determines managerial investments in mutual funds, and the impacts of these investments on fund performance. By using panel data they show that investment levels fluctuate within funds over time, contrary to the common assumption that cross-sectional data are representative. Managerial investments reflect personal portfolio considerations while also signaling incentive alignment with investors. The impact of managerial investment on performance…

Gary Yohe, the Huffington Foundation Professor of Economics and Environmental Studies, made his off-Broadway debut in the TED-talk segment of "Rap Guide to Climate Change," written and performed by Baba Brinkman and directed by Darren Lee Cole, at the SoHo Playhouse in New York City on May 29. In this one-man show, running from February through July, Brinkman breaks down the politics, economics, and science of global warming, following its surprising twists from the carbon cycle to the global energy economy. Yohe was invited to be the climate expert for the TED-talk segment in the middle of the show. He spent…

Assistant Professor of Economics Karl Boulware recently presented research at the 24th Symposium of the Society of Nonlinear Dynamics and Econometrics, held March 10-11 at the University of Alabama. Boulware presented a paper titled, "Monetary Policy Surprises and the Shadow Bank Lending Channel: Evidence from the Fed Funds Futures Market" during a session on Monetary and Government Policy. The project is a refinement of research started by Kota Uno '16 during a QAC Summer Apprenticeship with Boulware.

In its recent meeting, the Board of Trustees conferred tenure on eight faculty members, effective July 1, 2015. They are: Associate Professor of Sociology Robyn Autry, Associate Professor of Government Sonali Chakravarti, Associate Professor of Molecular Biology and Biochemistry Amy MacQueen, Associate Professor of Music Paula Matthusen, Associate Professor of Molecular Biology and Biochemistry Rich Olson, Associate Professor of Mathematics Christopher Rasmussen, Associate Professor of Economics Damien Sheehan-Connor, and Associate Professor of Classics Eirene Visvardi. Brief descriptions of their research and teaching appear below: Associate Professor Autry is a cultural sociologist with broad interests in collective identity, memory, and visual culture. Her…

Ramanan Sivalingam ’10, vice president at Deutsche Bank, was named to Forbes magazine's “30 under 30” list in finance—a young professional who is “influencing money flows in the global economy.” An economics and East Asian studies double major at Wesleyan, he continued his high school exploration of the Chinese language, as well as his burgeoning interest in the stock market, which soon became a passion. He began trading stocks independently and also took a leadership role in Wesleyan’s undergraduate investment group with Mike Levin ’09, who now works for the top-ranked auto research team at Deutsche Bank. After graduation, Sivalingam accepted…

Grossman Argues Truth Was Lost in the Election

Kuenzel Published in European Economic Review

Imai Presents Economics Research at Banking Conference, Macroeconomics Research Workshop

Barber Remembered as a Founding Member of the College of Social Studies

Khamis Participates in Informality, Development Conference

Kuenzel Investigates Whether the Diversity of Countries’ Export Portfolios Affects Economic Growth

Bonin, Louie ’15 Co-Author Paper in Journal of Comparative Economics

Hornstein, Hounsell ’11 Co-Author Paper in Journal of Economics and Business

Yohe Speaks at the ‘Rap Guide to Climate Chaos’

Boulware Presents Research at Symposium of the Society of Nonlinear Dynamics and Econometrics

8 Faculty Awarded Tenure

Forbes Taps Sivalingam ’10 as a “30 Under 30”