Prof. Naknoi and co-author YiLi Chien (Federal Reserve Bank of St. Louis) have their paper “The Risk Premium and Long-Run Global Imbalances” accepted for publication in the Journal of Monetary Economics. The paper examines the sustainability of U.S. trade deficits, given the assumption that U.S. investors take on more aggregate risk than foreign investors. It predicts that half of US trade deficits is sustainable. A copy of the working paper is available for download from RePEc.
Photo L to R: Dennis Heffley, Perry Shapiro, Subhash Ray
Prof. Dennis Heffley retired from the Department of Economics after 41 years at the University of Connecticut, including 4 years as the Department Head, 2005-2009. About 45 family members, current and former colleagues, many former graduate students, and Dennis’s major adviser, Perry Shapiro, who traveled from California, gathered for a retirement party and to celebrate his many achievements in late December at the end of the fall semester.
Dennis expects to keep busy in his retirement and would love to hear from everybody. We thank Dennis for his many years of service to the Department and the University and wish him and his family the very best.
Since becoming Editor-in-Chief of the Journal of Policy Analysis and Management (JPAM) in 2014, Professor Ken Couch has invited a number of prominent researchers to join its editorial team. Scholars from American University, Berkeley, Cornell, Duke, Indiana, George Washington, Michigan, Oxford, NYU, Penn, RAND, UConn, USC, the Urban Institute, Stanford, Vanderbilt, and Wisconsin are among this group. JPAM is a leading outlet for applied research on innovations in policy and management.
Prof. Ahking was interviewed by Huge Bailey of ctpost.com about U.S. Rep. Rosa DeLauro’s opposition to the Tran-Pacific Partnership.
Professor Bill Alpert was one of three panelists (the other two being IBM Senior Vice Presidents, including their chief economist) discussing “Big Data” at an event in Stamford in December. Ascend is the largest, non-profit Pan-Asian organization for business professionals in North America. Established in 2005, Ascend has grown to serve professionals and corporations across various professions and across multiple industries.
One of the most ambitious legacies of the 20th century was the universal commitment to ensure freedom from want as a human right. But to what extent are countries across the world living up to this commitment? Find out in Prof. Randolph’s new book with Sakiko Fukuda-Parr and Terra Lawson-Remer, Fulfilling Social and Economic Rights (New York: Oxford University Press, 2015). Fulfilling Social and Economic Rights develops an innovative evidence-based index for comparing performance on education, food, health, work and housing across very differently situated countries over time and explores the factors influencing performance. In doing so, it provides empirical evidence to resolve some longstanding controversies over the principle of “progressive realization” and advances our knowledge about the status of and factors promoting social and economic rights fulfillment in the 21st century.
On January 15, 2015, Prof. Jorge Agüero presented his findings on domestic violence to the Peruvian Minister of Women and Vulnerable Populations.
Read the article (in Spanish) here.
Prof. Naknoi’s sole-authored paper titled “Exchange Rate Volatility and Fluctuations in the Extensive Margin of Trade” has been accepted for publication in the Journal of Economic Dynamics and Control. Her study provides new evidence that the extensive margin of trade fluctuates over the business cycle, using quarterly data of U.S. bilateral trade with 99 countries. Also, she shows that fixing exchange rates with the U.S. dollar, having a free trade agreement with the U.S., and an increase in country size is significantly associated with the stability of the pattern of trade with the U.S.
To read the article in its entirety, click here.
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Congratulations to Profs.