economics – Page 9

Phoebe Keegan '16, an economics major from Palisades, N.Y., has been passionate about real estate since she was a young child. She passed the exam to get her real estate license in New York at age 18, the youngest age allowed. After coming to Wesleyan, she also became a licensed agent at William Raveis in Middletown. This summer, Keegan worked at the Quantitative Analysis Center with Assistant Professor of Economics Karl Boulware to analyze data from the New York City Housing and Vacancy Survey, specifically looking at conditions before and after the rezoning of downtown Brooklyn. They are studying how rezoning affected…

In this News @ Wesleyan story, we speak with David Schwartz from the Class of 2017. Q: David, where are you from and what is your major? A: I grew up in Amherst, Mass. When I first came to Wesleyan, I walked around wearing my Amherst sweatshirt for awhile before realizing there was a bit of a rivalry. I’m an Economics and Government double major, with a minor in data analysis. I’m particularly interested in applying “big data” techniques to government policymaking. Q: You are founder and president of the Wesleyan Radio Control/ Drone Club. How did your interest in…

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Assistant Professor of Economics Damien Sheehan-Connor is the author of "Environmental Policy and Vehicle Safety: The Impact of Gasoline Taxes," published in the July 2015 issue of Economic Inquiry. In the paper, Sheehan-Connor considers the impact that policies to reduce carbon emissions by vehicles, such as fuel economy standards and gasoline taxes, have on vehicle weight and, consequently, on safety. The paper develops a model that separately identifies the impact of vehicle weight on mortality and selection effects that impact accident propensity. He found that the safety externalities associated with heavy vehicles are greater than the environmental ones; that under fuel economy…

In this News @ Wesleyan story, we speak with Joli Holmes from the Class of 2017. She is one of 24 students in the Quantitative Analysis Center's Summer Apprenticeship Program. Q: Joli, what is your major and what’s your specific area of interest? A: I’m an economics major. I'm particularly interested in studying investment-related practices from an environmental and social perspective. Q: Have you worked in the Quantitative Analysis Center before this summer? A: I’ve taken a lot of classes through the QAC, including “Working with R,” “Excel with Visual Basic for Applications,” and “Python.” These are all classes on how to use…

Gary Yohe, the Huffington Foundation Professor of Economics and Environmental Studies, was reappointed by Mayor Bill DeBlasio to the third New York City Panel on Climate Change on June 30. Yohe and 18 other experts are tasked with ensuring that the best available climate science continues to inform the city's resiliency planning. The panel will build on reports by previous panels, and will "look at climate risks through the lens of inequality at a neighborhood scale, as well as focus on ways to enhance coordination of mitigation and resiliency across the entire New York metropolitan region," according to a press release from the…

Richard Grossman, professor of economics, recently presented a talk titled, "An historical perspective on regulatory competition versus cooperation: the view from economics" at the third annual Conference of the University Research Priority Program. The conference, held June 1-2 at the University of Zurich Institute of Law, was titled, "International Aspects of Financial Regulation: Competition vs. Coordination." Grossman's talk focused on cross-border cooperation between international bank regulators in the wake of the U.S. subprime and European debt crises—an effort to enhance banking stability. Examples include the Basel capital accords and European Stability Mechanism. Grossman put these into historical context by looking at…

Gary Yohe, the Huffington Foundation Professor of Economics and Environmental Studies, wrote in The Hartford Courant about Pope Francis' encyclical on climate change--"a very valuable and much needed injection of morality into the scientific and economic discussions on climate change — it is quite likely a game-changer." While scientists, economists and other professionals have long made a case for taking action to reduce emissions and mitigate the effects of climate change, Yohe writes, "The pope's encyclical adds a moral dimension to this case with nearly 200 pages of inspiring text about man's pollution and the immorality of emissions. He notes that the…

MarketWatch columnist Howard Gold turned to Professor of Economics Richard Grossman for his take on reforming the Fed. Gold took issue with calls from presidential candidate Sen. Rand Paul and others to "audit the Fed," but instead advocated for term limits for Fed chair-persons and changes in the pivotal Federal Reserve Bank of New York. On the matter of term limits for the Fed chair, Grossman spoke of former chairman Alan Greenspan, who stuck around nearly 19 years. (more…)

Professor of Economics Richard Grossman recently presented the keynote address at a conference held at the Austrian National Bank. The presentation, made on March 11, was titled, "Interest rate cycles and implications for the financial sector: a long-term view." A summary is available here. The conference was jointly sponsored by Austria's central bank (the Oesterreichische Nationalbank), SUERF (the European Money and Finance Forum), and BWG (the Austrian Society for Bank Research).

Richard Grossman, professor of economics, is featured in a radio interview with Share Radio in London Feb. 19. In the interview, Grossman talks about the consequences of the European Central Bank's new quantitative easing (QE) policy, which may stimulate an economy when a standard monetary policy has become ineffective. The ECB's action follows in the footsteps of the central banks of Japan, the United Kingdom, and the United States, which also have used quantitative easing in the 2000s. A concern that has been raised about the introduction of QE is that persistent low interest rates will lead to another boom-bust…

Bill Craighead, assistant professor of economics, is the co-author of "Current Account Reversals and Structural Change in Developing and Industrialized Countries," published in the February issue of The Journal of International Trade and Economic Development. The paper compares the experience of high-income and developing countries in adjusting current account deficits, which measure how much they are relying on external borrowing. In both types of country, construction is the most sensitive sector to the current account. On average, adjustments in developing countries are more severe, but that is mainly due to the effects of currency crises. When you take those out, they…

Keegan ’16 Studies Real Estate in the Quantitative Analysis Center

Schwartz ’17 Founder of Wesleyan Radio Control/ Drone Club

Conference Focuses on Teaching Finance at Liberal Arts Colleges

Sheehan-Connor Authors Paper on Effect of Gas Tax on Vehicle Safety

Holmes ’17 Studies Congressional Tweets in QAC Summer Apprenticeship

Yohe Reappointed to NYC Climate Change Panel

Grossman Presents Papers in Switzerland, Norway

Yohe: Pope’s Encyclical on Climate Change ‘Quite Likely a Game-Changer’

Grossman Speaks to MarketWatch on Reforms to the Fed

Grossman Presents Keynote at Austrian National Bank Conference

Grossman Talks about Quantitative Easing Policy on Share Radio

Craighead Co-Authors Paper on Account Reversals in Developing and Industrialized Countries