Alumni

Profs Harmon, Alpert, and PhD Candidate Joseph Histen publish article

journalProfessors Oskar R. Harmon, William T. Alpert, and PhD Candidate Joseph Histen, have been published the article  “Online Discussion and Learning Outcomes” in the Journal International Advances in Economic Research, 2014.

This paper describes how the authors used Facebook as a discussion tool in the instruction of a principles level economics course and reports empirical estimates of the effect of that use on learning outcomes.  Social media as a tool for promoting classroom discussion has advantages and disadvantages.  For example, its omnipresence and flat learning curve can promote academic discourse.  However social media can promote non-academic “chatting”, and its omnipresence means the user needs more than a passing knowledge of the privacy settings to have control of their “digital identity.  For a Principles of Microeconomics taught in 2011 we collected data, with permission from our institution’s Institutional Review Board, on student use of Facebook, academic and demographic characteristics, learning style preferences and learning outcomes. Overall our empirical estimates provide cautious support for the hypothesis that active participation in the discussion board has a positive effect on exam score at a statistically significant level.  The estimates of the effect of posts related to question and answer dialogue show a positive impact on the cumulative final exam score at a 5% level of statistical significance.  This result is consistent with the view that using Facebook in academic instruction can be an effective tool for assisting the average student to resolve questions about the course material and for promoting peer-to-peer learning.

Archita Banik defends, heads to Bloomsburg University of Pennsylvania

Archita Banik defended her dissertation on Monday, July 22nd 2013. Her dissertation entitled “Three Essays on Health Economics” was completed under the supervision of her major advisor Dennis Heffley and associate advisors Thomas Miceli and Nishith Prakash.

Archita’s dissertation analyzes an incentive-based health insurance plan in the context of developing countries and also examines the importance of different socioeconomic factors and presence of microcredit in determining ever-married women’s health in the context of India. The first essay of her dissertation is a theoretical analysis where she analyzes an individual’s behavior with misperceived health risk under incentive-based health insurance plan vs. a conventional plan. The other two essays are empirical studies in the context of India where she shows that age, education, marital status, and presence of microcredit are important factors in determining ever-married women’s health in India.

Archita is heading to Bloomsburg University of Pennsylvania, where she will join as a tenure-track assistant professor of economics starting from Fall.

Congratulations, Archita!

Matt Schurin Defends, Heads to PricewaterhouseCoopers

sealOn May 28th, Matt Schurin defended his dissertation entitled, “Three Essays on Fiscal Policy and Macroeconomic Fluctuations.”  His major advisor is Christian Zimmermann and his associate advisors are Dong Jin Lee and Richard Suen.

Matt’s dissertation analyzes the macroeconomic effects of fiscal policy and examines what optimal policy should be in response to macroeconomic fluctuations.  The first dissertation chapter explores what the government’s fiscal policy should be when banks hold significant amounts of public debt and the government can default on its debt obligations.  The second dissertation chapter analyzes the effects of fiscal austerity using a two-sector small open economy model that is calibrated to the Canadian economy.  Results from this model coincide with key characteristics of the Canadian economy.  The third chapter examines the impact of government debt on macroeconomic volatility in an environment where, going forward, the government is required to balance its budget.  The model in this chapter can help explain why developing countries have more volatile output and more countercyclical net exports than developed countries.

Matt is heading to McLean, VA where he will work for PricewaterhouseCoopers in their transfer pricing group.

Congratulations, Matt, on all your hard work!

Congratulations to Alumnus Marius Jurgilas

Lithuanian President Dalia Grybauskaitė recently signed a decree appointing Marius Jurgilas to the 5-member Board of the Lithuanian Central Bank. Marius was recommended for this appointment by the Advisory Council, a group of prominent economists in the field of finance.  He will assume his new responsibilities on May 15. 

Marius’ appointment to the Board reflects his extensive background, experience, and expertise in the banking sector.  He began developing this expertise during his time as a finance major in the Department of Economics at Vilnius University in Lithuania.  In 2001, he joined the Economics Department here at UConn, where he earned his PhD in 2007 with a field in monetary economics.  Christian Zimmermann, who is now at the St. Louis Federal Reserve Bank, was his major advisor.  His dissertation was on “Interbank Markets under Currency Boards.” 

After finishing his PhD, Marius was an assistant professor at Elon University for a year but left Elon to take a position at the Bank of England, where he worked for three years.  Most recently, he has worked in the Financial Stability Research Department at the Norwegian Central Bank.  He has also spent time at the European Central Bank, SEB Vilniaus Bankas, and Lithuanian Savings Bank, and has been a visiting professor at ISM University of Management ant Economics in Vilnius. 

Marius’ research covers a wide range of topics relating to banking and housing.  Some of his recent publications include:

JURGILAS, M. & Lansing K. J., (2012 June 25 issue) “Housing bubbles and homeownership returns”, FRBSF Economic Letter, Federal Reserve Bank of San Francisco

GUPTA, R., JURGILAS, M., KABUNDI A. & MILLER M. S. (2012), “Monetary Policy and

Housing Sector Dynamics in a Large-Scale Bayesian Vector Autoregressive Model” International Journal of Strategic Property Management, Vol 16(1): 1-20

GUPTA, R., JURGILAS, M., MILLER, M.S., & WYK, V.D. (2012 January), “Financial Market Liberalization, Monetary Policy, and Housing Sector Dynamics”, International Business and Economics Research Journal, Vol. 11(1).

 For more information about Marius’ appointment, click here.

2013 Spring Awards Banquet

On April 19, the department convened for an awards banquet to recognize the best among undergraduates, graduate students, and faculty. This year’s award recipients are:

Omicron Delta Epsilon inductees:
Andrew Feisher
Allyson Rose
David Greenberg
Nicholas Hynd
Matthew LeBel
Kellyn Maher
Emily Seyle
Alison Zielinski

Undergraduate Awards
Louis D. Traurig Scholarship
Diana Cooke
Natalie Cooke
Michael DiMaio
Sritheja Gulukota
Stephen Jablonowski
Lydia Kowinko
Yuriy Loukachev
Benjamin Simmons-Telep

Paul N. Taylor Memorial Prize
Stephen Jablonowski

Rockwood Q. P. Chin Scholarship
Joel Sinofsky
Yuqi Xing

Ross Mayer Scholarship
Michele Carroll
Yuriy Loukachev

Economics Department General Scholarship
Antonio Russo

Julia & Harold Fenton and Yolanda & Augustine Sineti Scholarship
Diana Cooke

Kathryn A. Cassidy Economics Scholarship
Benjamin Simmons-Telep

Graduate Awards
W. Harrison Carter Award
Jesse Kalinowski

Albert E. Waugh Scholarship
Paul Tomolonis

Abraham Ribicoff Graduate Fellowship

Bryce Casavant

Economics Department General Scholarship (for 2013: Recognition for Excellence as a Teaching Assistant)

Rebecca Germino
Eric Gibbons
Matthew Joseph Histen
Tao Song

Timothy A. and Beverly C. Holt Economics Fellowship
Bryce Casavant
Elizabeth Kaletski
Zheng Xu
Peijingran Yu
Rong Zhou
Yishu Zhou

Faculty Awards
Grillo Family Research Award
Kenneth Couch

Grillo Family Teaching Award
Susan Randolph

Congratulations to everyone!

Econ Alumnus Named Among Top Young Economists

Rangan Gupta, an ’05 PhD graduate under the advisement of Christian Zimmermann, was named one of the top 20 Young Economists (10 years or less) by RePEc. Rangan defended his dissertation titled “Essays on Financial Repression,” in May 2005 and headed to the University of Pretoria, where he is now a full professor.

To view the full rankings, please click here.

Congratulations Rangan!

Ph.D. Alumnus appointed Egyptian Finance Minister

Economics Ph.D. alumnus Al-Mursi Al-Sayed Hegazy has been named the next Egyptian Finance Minister. Prior to his appointment, Hegazy was a professor at Alexandria University, specializing in Islamic Finance. He was sworn into office on January 6.

Hegazy defended his dissertation titled “The Contribution of Oil to the Economic Development of Kuwait (1962-1981): a Macroeconomic Approach,” under the advisement of Professor William Lott, in January 1985.

Read the UConn Today article about Hegazy here.

Seminar Series: Alumnus Jeffrey Milyo

On Friday, November 16, the Economics Department welcomed back an illustrious alumnus as a speaker in the department’s weekly seminar series.  Jeffrey Milyo ’86, Middlebush Professor of Social Sciences at the University of Missouri, spoke on “Campaign Finance Reform and the ‘Actuality and Appearance’ of Corruption.”

Milyo graduated from UConn as an Honors and University Scholar, which allowed him to receive the B.A. and M.A. in Economics simultaneously.  He received his Ph.D. in Economics from Stanford, and went on to positions at Tufts and the University of Chicago before coming to Missouri.

Using differences in campaign-finance laws among U. S. states as a natural experiment, Milyo’s seminar paper tested empirically the effect of campaign-finance reform on corruption in government.  His conclusion is that campaign finance reform has no discernible effect on levels of corruption.

Sanglim Lee Update

On August 10, 2012, Sanglim Lee defended his dissertation entitled “Expected Currency Excess Returns and Debt in the Business Cycle,” under the supervision of Professor Christian Zimmermann.

In the first chapter of his dissertation, Sanglim shows that the risk premium is an important factor in explaining deviations from Uncovered Interest Parity (UIP) in 20 developed and 18 developing countries. In the second chapter, he further examines the UIP condition with a two-country International Real Business Cycle model and shows that the business cycle risk driven by total factor productivity can account for deviations from UIP. The third chapter examines the effects of fiscal austerity on the Canadian economy using a two-sector small open economy model. The model’s simulation results indicate that the effect of fiscal austerity on the economy depends crucially on the relationship between public-debt levels and country-risk premiums.

Starting on October 8th, Sanglim works as a research fellow at the Korea Energy Economics Institute in South Korea.

Alumni Association to Host Film Screening

On October 15, 2012, the UConn Alumni Association welcomes Travelers in presenting a film screening and discussion of Overdraft. Overdraft is a documentary sponsored by Travelers focusing on America’s debt crisis.

Registration is recommended for this event, which will be held in the Student Union ballroom followed by a viewing of the film in the theater. There will also be a discussion panel led by UConn faculty following the film.