Professor Paul Hallwood has four chapters in the above titled book just published by Cambridge University Press in England. The chapters are “Crash! Expectational Aspects of the Departures of the United Kingdom and United States from the Inter-War Gold Standard”; “Realignment Expectations and the US Dollar, 1890–1897: Was There a ‘Peso’ Problem?”; “Credibility and Fundamentals: Were the Classical and Inter-War Gold Standards Well-Behaved Target Zones?”; and “Did Impending War in Europe Help Destroy the Gold Bloc in 1936? An Internal Inconsistency Hypothesis?” All four chapters were written with Ronald MacDonald and Ian Marsh, and the book is edited by Michael D. Bordo and Ronald MacDonald.
Hallwood’s chapters demonstrate that adherence to a fixed exchange regime imposes severe monetary and fiscal discipline on member countries – not unlike the Euro-zone today; that at some point this discipline can become unbearable, though the USA did ride out the free-silver movement in the 1890s; that the gold standard was heavily implicated in the generation of the Great Depression: and that it was also implicated in the French defeat by Germany in 1940 as France for too long accepted the fiscal constraint of gold, restraining its military spending, even while Germany remilitarized.
Professor Oskar Harmon recently presented on the topic “Using Facebook as a Discussion Board in an Online Class” at the 2nd Annual Online Learning Conference, at Post University, Waterbury CT, April 20, 2012. The theme of this year’s conference was “Driving Innovation in Online Higher Education.” Prof. Harmon organized a panel of instructors teaching online courses at Uconn. The session was titled “Innovative Active Learning Instructional Activities.” The other panel participants were Dan Mercier, Director of the Institute of Teaching and Learning, Andy DePalma, Professor of Continuing Studies, and Roger Travis, Professor of Literatures, Cultures, and Languages.
Professor Ken Couch recently made presentations at the Yale School of Public Health and the University of Michigan’s Retirement Research Consortium meeting. Both presentations discussed the impacts of common life occurrences on economic well-being and long-run health outcomes. This line of research has been supported by research funding from the Social Security Administration and is the topic of a book currently under submission by Couch and his collaborators to Stanford University Press.
On April 12, the department convened for an awards banquet that recognized the best among undergraduate and graduate students, as well as faculty. This year’s award recipients are:
Omicron Delta Epsilon inductees:
Kurtis Adei
Alex Amarante
Lyla Eljizi
Elizabeth Fesenmeyer
Clifford Garnet
John Giardina
Levi Jackson
Nicholas Leonetti
Michael Littman
Brett Mauro
Andrew Moynihan
Loi Nham
Shivani Panchal
Marcos Quispe
Thomas Samuels
Vidya Sridhar
Jennifer Stansfield
Matthew Travalini
Suo Wang
Daniel White
Mallika Winsor
Undergraduate Awards Louis D. Traurig Scholarship
William Kimball
Colleen Phelan
Paige Rhymer
Vidya Sridhar
Ross Mayer Scholarship
Nicholas Leonetti
Garrett Rapsilber
Paul N. Taylor Memorial Prize
Kevin Landry
Antonio Spinelli
Rockwood Q. P. Chin Scholarship
Lydia Kowinko
Yuqi Xing
Graduate Awards W. Harrison Carter Award
Paul Tomolonis
Albert E. Waugh Scholarship
Matthew Schurin
Abraham Ribicoff Graduate Fellowship
Elizabeth Kaletski
Economics Department General Scholarship (for 2012: Recognition for Excellence as a Teaching Assistant)
Eric Gibbons
Sara Kauffman
Matthew Joseph Histen
Timothy A. and Beverly C. Holt Economics Fellowship
Matthew Schurin
Rong Zhou
Zheng Xu
Peijingran Yu
Bryce Casavant
Faculty Awards Grillo Family Research Award Mikhael Shor
Faculty member Professor Paul Hallwood‘s work on fiscal federalism is recognized in a retrospecitive article as attracting “intensive political scutiny” in the on going debate on fiscal devolution in the UK, downward from the Westminster Parliament to the Scottish Parliament. His original work appeared in the book New Wealth for Old Nations (Diane Coyle et al. eds, Princeton University Press, 2005) alongside papers by Paul Krugman, William Baumol, Edward Glaeser, James Heckman and others. Whether to include a question on fiscal autonomy in the upcoming referendum on Scottish independence is still being discussed by British politicians.
From June 18 through July 30, Professor Prakash will be an Academic Visitor at the Economic Organisation and Public Policy Programme at the Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) at the London School of Economics and Political Science.
During that time (June 25-29), Professor Prakash will be giving a seminar at the Centre for Research and Analysis of Migration (CReAM) at University College London.
Professor Harmon was one of 16 invited participants to the Spring Workshop of Starting Point: Teaching and Learning Economics, at Carleton College, MN (March 25-27, 2012).
Starting Point is an NSF funded project that seeks to introduce economists to pedagogical innovations developed witnin and beyond the discipline of economics. The project develops research based instructional strategies to promote student learning in economics.
The Workshop participants spent an intensive 3 days planning, writing, reviewing, and editing instructional modules. The goal of the project is to create an online open source database of classroom-tested examples for instructors of core undergraduate economics courses. Harmon, a new convert of the project, believes it is visionary and in time will become an often consulted, and often used resource. Both for graduate-student instructors looking for teaching ideas, and to experienced instructors looking for new ideas to try out in their classroom. To read more about the Starting Point Project, click here. To view the current inventory of examples click here.
Professor Mike Shor, PI on an NIH grant examining choice overload, has had the results of his research published by two economics journals. Along with his co-investigators (Tibor Besedes, Cary Deck, and Sudipta Sarangi), Professor Shor finds that people faced with too many choices often have difficulty discerning the right choice, contrary to classic economic theory. Seniors are especially vulnerable to poor decision-making when facing a multitude of options, such as critical decisions relating to health care. The main results are forthcoming in the Review of Economics and Statistics. An examination of why seniors, specifically, make poor decisions appears in a recent issue of the Journal of Economic Behavior and Organization. The authors find that poor performance among seniors is not for lack of trying, but due to seniors’ use of sub-optimal decision rules to reduce the number of choices down to a manageable level.
The International Growth Center currently funds a project by Professor Nishith Prakash, called “Cycling to School: Increasing High School Girl’s Enrollment in Bihar.” The aim of this project is to estimate the impact of “Mukhyamantri Balika Cycle Yojna,” policy experiment by the government of Bihar on girls’ educational outcomes. There are very few empirical studies in India on the impact of a conditional cash transfer on school participation. This project will measure the impact of the program on enrollment, drop-out, attendance, and school progression of adolescent girls. The project has been cited in the media, including Times of India, and the Hindustan Time. Below is a write-up from the IGC.
The “Mukhyamantri Balika Cycle Yojna” (Chief Minister’s Bicycle Program for secondary school girls) has been one of the flagship programs of the Govt. of Bihar in the past 5 years to improve secondary school enrollment among girls. The objective of this research work is to estimate the impact of this policy experiment on girl’s educational outcomes.
Improving female education directly contributes to inclusive growth through both (a) the direct channel of improved human capital of female participants in the labour force, and (b) the indirect channel of improved human capital of the next generation (several studies have shown high-levels of inter-generational transmission of human capital from mothers to children). It would also contribute to “inclusive” growth by allowing traditionally disadvantaged groups (women) to participate more directly in the growth of the Indian economy through increased employment opportunities, by improving their intra-household bargaining position, and by providing them the ‘capabilities’ (in Amartya Sen’s terminology) to live more meaningful lives in an increasingly complex world where the returns to education appear to be increasing.
Hence, a fundamental policy question in most developing countries (including India) is to identify cost-effective and scalable policies that improve school attainment of girls (an objective that addresses multiple Millennium Development Goals). While hundreds of schemes are launched as pilots and then discarded when the concerned officer (or government) changes, the bicycle program is one that has caught the imagination of voters as well as political leaders and its high visibility has led to heightened interest in replicating the policy across India.
So far the Government of Bihar has already spent Rs. 174.36 crores on this program in the past 3 years, but there is no reliable estimate of the impact of the program on key outcome variables or any attempt to estimate a social rate of return on this investment. A careful impact evaluation of the bicycle program is therefore a piece of analytical work that can directly feed into the policy discussions in Bihar and across India on whether programs like the “bicycle program” should be scaled up. Specifically, in this project we will measure the impact of the program on enrollment, drop-out, attendance, and school progression of adolescent girls.
Watch the video IGC made on the project.
Read Greg Makiw’s blog about this project here. Greg is a Professor of Economics at Harvard University.
Professor Francis Ahking was interviewed on March 16, 2012 by Harriet Jones, business reporter for WNPR. Ms. Jones questioned Professor Ahking on his recent piece, “How Free is Connecticut,” published in The Connecticut Economy (Spring 2012). The interview is scheduled to air on Monday March 19, 2012 at 8:00 a.m. Stop into the Economics Main Office (345 Monteith) for a copy of the quarterly; Prof. Ahking’s article begins on page 3.
Professor Paul Hallwood has four chapters in the above titled book just published by Cambridge University Press in England. The chapters are “Crash! Expectational Aspects of the Departures of the United Kingdom and United States from the Inter-War Gold Standard”; “Realignment Expectations and the US Dollar, 1890–1897: Was There a ‘Peso’ Problem?”; “Credibility and Fundamentals: Were the Classical and Inter-War Gold Standards Well-Behaved Target Zones?”; and “Did Impending War in Europe Help Destroy the Gold Bloc in 1936? An Internal Inconsistency Hypothesis?” All four chapters were written with Ronald MacDonald and Ian Marsh, and the book is edited by Michael D. Bordo and Ronald MacDonald.
