Older News and Events

Vivian Yue is Newly Appointed Associate Editor of the Journal of Monetary Economics

Vivian YueVivian Yue, Associate Professor in the Department of Economics, has recently been appointed an Associate Editor of the Journal of Monetary Economics.

The Journal of Monetary Economics publishes important empirical, methodological, and theoretical work on a variety of macroeconomic topics, including asset pricing; banking, credit, and financial markets; and behavioral macroeconomics. This journal is one of the premier publications for macroeconomists.

Congratulations to Vivian Yue!


Sara Markowitz Joins the Board of Editors of the Review of Economics of the Household

Sara MarkowitzSara Markowitz, Professor in the Department of Economics, was appointed an Associate Editor of the Review of Economics of the Household, starting October 2016.

The Review of Economics of the Household publishes empirical and theoretical research on the economic behavior and decision-making processes of single and multi-person households.

Congratulations to Sara Markowitz!


Caroline Fohlin Joins the Board of Editors of the Journal of Economic History

Caroline FohlinCaroline Fohlin, Associate Professor in the Department of Economics, has recently been invited to join the Board of Editors of the Journal of Economic History.

The Journal of Economic History publishes articles in the multidisciplinary study of history and economics. Various topics covered include money and banking, trade, manufacturing, technology, transportation, industrial organization, labor, agriculture, servitude, demography, education, economic growth, and the role of government and regulation.

Congratulations Caroline Fohlin!


David Jacho-Chavez is Awarded the Michael Szenberg Prize for the Best Article Published in The American Economist - 2015

The American Economist coverDavid Jacho-Chávez's published article, "The Distributional Efficacy of Collaborative Learning on Student Outcomes" (joint with Kim P. Huynh and James K. Self), was chosen by The American Economist editorial board members to receive the third annual "Michael Szenberg Prize for the Best Article Published in 2015."

The award is given each year in honor of Professor Michael Szenberg, who edited the journal for 38 years, to the author(s) of an article that exemplifies his standards. Commemorative plaques will be presented to the authors during the Omicron Delta Epsilon Chapter Advisors' Reception at the annual ASSA meetings in Chicago next January 2017.

Congratulations David Jacho-Chávez!


Hugo Mialon Given 2015 Distinguished Article Prize in the American Law and Economics Review

Hugo MialonThe American Law and Economics Review recently announced that the article, "Leveling the Playing Field? The Role of Public Campaign Funding in Elections," co-authored by Hugo Mialon, Tilman Klumpp, and Michael Williams, was awarded the American Law and Economics Review Distinguished Article Prize of 2015. The prize was handed out at the ALEA meetings at the Harvard Law School on May 20-21, 2016.

The American Law and Economics Review is a refereed journal accessible to members of the American Law and Economics Association, which includes practicing and academic lawyers, consultants, and economists.

Congratulations Hugo Mialon!


Tong Xu and Essie Maasoumi Given Outstanding Paper in the 2016 Emerald Literati Network Awards for Excellence

Xu TongTong Xu (pictured left) and Essie Maasoumi (pictured right) were recently awarded the Outstanding Paper Award in the 2016 Emerald Literati Network Awards for Excellence. Tong Xu is a fifth-year graduate student in the PhD program in Economics at Emory University. Professor Essie Maasoumi is an Arts and Sciences Distinguished Professor of Economics at Emory University. The title of their winning paper is "Weights and Substitution Degree in Multidimensional Well-Being in China," published in the Journal of Economic Studies 42:1 (2015): 4-19.

Essie MaasoumiThe Emerald Literati Awards are now in their 23rd year and were established to celebrate and reward the outstanding contributions of authors and reviewers to scholarly research. The Editorial Board of each journal within the Emerald Publishing Group is invited to choose a winning paper from the previous year's volume. As these awards are chosen by eminent academics, the winning authors receive the prestige of it being recognized that theirs is one of the most impressive pieces of work the judges have seen throughout the past year.

Congratulations to both Tong Xu and Essie Maasoumi!


Kafoglis-Economics Nobel Laureate Lecture Series with Dr. Amartya Sen

Dr. Amartya SenOn Sunday, May 8, 2016, Dr. Amartya Sen, Thomas W. Lamont University Professor of Economics and Philosophy at Harvard University, world-renowned economist, and 2016 Emory University Commencement Honorary Degree recipient, delivered a lecture on global security, entitled "Global Security and World Civilization."

Nearly 300 people attended, including many graduating seniors and their families, alumni, students, faculty from many departments, and university administration.

This event was sponsored by the Emory Economics Department as part of its Milton and Virginia Kafoglis Economics Nobel Laureate Lecture Series. Dr. Sen's talk was the lecture series' inaugural event.

To read more about Sen's talk, please click here to see the article published in the Emory Report.

Watch the lecture:


2016 Economics Banquet

Keynote Speaker John Morgan Sr.On April 18, 2016, more than 100 faculty, staff, students, and university administrators gathered at the Emory Conference Center and Hotel for the Economics department's annual banquet. John Morgan Sr., Chairman of the Board of Trustees at Emory University, gave this year's distinguished lecture, entitled "Emory Ambition." Latest department developments and news were shared with the guests, including the hiring of new faculty and the successful recruitment efforts for the PhD program.

Jue Ren

During the event, we also announced our annual student award winners and inducted the newest members of the Economics honor society, Omicron Delta Epsilon.

Jue Ren (pictured left with Sara Markowitz, Director of Graduate Studies), fifth year PhD student, won the Graduate Student Teaching Award of Excellence. She has consistently scored well as an instructor and has taught several sections of a 200-level Econ course.

Alex Lundberg

Alexander Lundberg (pictured left with Sara Markowitz, Director of Graduate Studies), fourth year PhD student, won the Graduate Student Research Award of Excellence. With three publications, two of which are solo-authored, in peer-reviewed journals, Alex has demonstrated a remarkable capacity for research excellence.

Cheryl ChenCheryl Yixuan Chen (pictured right) won the Jack and Lewis Greenhut Prize. The criteria for the Greenhut Prize are as follows: the quality of honors papers and other research, the oral defense of honors papers, participation in programs of professional associations, grades, and other indications of excellence in class.

Bella Li

Bella Xin Li (pictured left) won the George Benston and Richard F. Muth Prize for Excellence in Economics. The Muth/Benston Prize is awarded to a student who exemplifies intellectual curiosity, passion, and skills in economic analysis. The prize is awarded to a student who, by their class work and extended interests, has shown that he/she shares and has successfully emulated intellectual passion for all things economic.

Sarah Paik

Sarah Paik (pictured right with Associate Professor and ODE Advisor Andrew Francis-Tan) won the Tate Whitman Prize. This prize is given to the graduating senior who best illustrates the Whitman characteristics of character, cogent analysis of complex issues, extraordinary personal integrity, and wise leadership.

Congratulations also to the newest inductees to Omicron Delta Epsilon (pictured below), the Economics honor society. ODE is dedicated to promoting excellence in economics by recognizing outstanding achievements and by encouraging professional exchange among students, and faculty!

2016 ODE Inductees


Shomu Banerjee Awarded the 2016 Emory Williams Teaching Award

Shomu Banerjee

Shomu Banerjee, Senior Lecturer in the Department of Economics, has recently been named the 2016 winner of the Emory Williams Teaching Award.

The Emory Williams Teaching Award is given in recognition of a record of excellence in teaching. The designation represents the highest university honor for teaching given to a full-time faculty member. The award was established by Emory Williams, a 1932 Emory College alumnus and long-time trustee.

Congratulations to Shomu Banerjee!


Vivian Yue is Newly Appointed Associate Editor of the Journal of International Economics

Vivian Yue

Vivian Yue, Associate Professor in the Department of Economics, has recently been appointed an Associate Editor of the Journal of International Economics, starting March 2016.

The Journal of International Economics journal publishes articles on both theoretical and empirical aspects of international economics. Various topics covered include trade patterns, commercial policy, international institutions, exchange rates, open economy macroeconomics, international finance, and international factor mobility.

Congratulations to Vivian Yue!


Hugo Mialon Awarded the Crystal Apple Award for Excellence in Undergraduate Large Class Education

Hugo Mialon

Hugo Mialon, Associate Professor in the Department of Economics, has recently been named the 2016 winner of the Crystal Apple Award for Excellence in Undergraduate Large Class Education.

The Crystal Apple Awards honor faculty members who go above and beyond in their search for knowledge and involvement in the Emory community. Each year, students are asked to nominate their professors based on the following criteria: accessibility to students, mastery of the subject matter, engaging presence in the classroom, unique and innovative style, and service to the Emory community.

Congratulations to Hugo Mialon!


Sara Markowitz is Appointed Associate Editor of the Journal of Health Economics

Sara Markowitz

Sara Markowitz, Associate Professor in the Department of Economics, was appointed an Associate Editor of the Journal of Health Economics, starting January 2016.

The Journal of Health Economics journal publishes articles related to the economics of health and medical care. With a five year impact factor of 3.3, this journal is the premier publication for health economists and health policy researchers.

Congratulations to Sara Markowitz!


2016 Georgia Health Economics Research Day

The Department of Economics, Department of Health Policy and Management, and Institute for Quantitative Theory and Methods (QuanTM) hosted the 2016 Georgia Health Economics Research Day, on December 4, 2015, at Emory University. The purpose of the conference was to promote active discussion and exchange of current research in health economics and health policy, with a focus on researchers in the Atlanta area and surrounding academic communities.

Over 50 people attended to hear several presenters speak on recent health economic developments, including medical marijuana legalization for the elderly and scope of practice laws for certified nurse midwives, amongst others.

We were especially honored this year to welcome Professor Robert Town, Wharton School, University of Pennsylvania, as our keynote speaker. We are also grateful to QuanTM for generously funding this year's event.

To learn more about this event, click here.


Third Annual Workshop on Monetary and Financial Market History

The Economics Department and the Federal Reserve Bank of Atlanta held their third annual Workshop on Monetary and Financial Market History from May 11 to May 15. Caroline Fohlin worked with William Roberds of the Federal Reserve Bank of Atlanta and Michael Bordo at Rutgers University to recruit noted economists, including several who have been instrumental in building the reputation of the Workshop. The Workshop is by invitation and participants included representation from a foreign central bank and other countries.

Harold James

The Federal Reserve Bank held a Community Dinner on May 12, where business and community leaders, including Dean Forman (below) and Emory Trustees and Reserve Bank Directors, could interact with Workshop participants. That evening Charles Calomiris of Columbia University spoke about the history of banking crises and what we can learn from them. The next day, at Emory, Harold James of Princeton University (right) gave a Hightower Lecture where he discussed the formation of the Euro. Both speakers highlighted the difficulties of developing coherent strategic and appropriate economic and financial policies in a political environment, a theme that was often repeated during the conference.

Many of the papers reminded us of how historical experience can shed important light on how policy makers should respond to financial market crises — and how often lessons from the past have not received enough attention from them. In fact, the after dinner talk on the first night, by Federal Reserve historian Gary Richardson, highlighted concern about the slated destruction of Fed documents. Several papers used data sets the authors had developed from early paper records, highlighting the use of archival data to expand the scope of research and show us how modern methods applied to historical data can yield useful insights.

The Federal Reserve Bank provided the bulk of financial support for the Conference. In addition to funds provided by the Hightower Foundation at Emory, the Halle Institute once again provided key financial and logistical support.Forman at Community Dinner


Women's Mentoring Lunch

On April 16, 2015, Yoosoon Chang from Indiana University gave a seminar at the Emory University Department of Economics. Chang also led a mentoring lunch conversation for Economics female graduate students and faculty. This event was cosponsored by the Economics Department and the Committee on the Status of Women in the Economics Profession. Chang is quite involved with CSWEP and is a very successful econometrician who has mastered balancing research, consulting, administrative work, and her personal life. This conversation was directed to women in economics (and related fields) and concentrated on successful career, promotion, and tenure.Women's Mentoring Lunch


2015 Economics Banquet

On April 2, 2015, nearly 100 people gathered at the Miller-Ward Alumni House for the Economics department's annual banquet. Lisa Tedesco, Vice Provost for Academic Affairs – Graduate Studies and Dean of the James T. Laney School of Graduate Studies at Emory University, gave this year's distinguished lecture, entitled "Enabling Ground: Graduate Education and the Research University." Latest department developments and news were shared with the guests, including the hiring of several new faculty for the upcoming academic year and future program changes.

Dean Tedesco with Graduate Award WinnersIn addition to the distinguished lecture, we announced our annual student award winners and inducted the newest members of the Economics honor society, Omicron Delta Epsilon.

Anne Hannusch (pictured right with Dean Lisa Tedesco and Otto Lenhart), fourth year PhD student, won the Graduate Student Teaching Award of Excellence.

Otto Lenhart (pictured right with Dean Lisa Tedesco and Anne Hannusch), fourth year PhD student, won the Graduate Student Research Award of Excellence.

Cindy Xinya Jiang won the Jack and Lewis Greenhut Prize. The criteria for the Greenhut Prize are as follows: the quality of honors papers and other research, the oral defense of honors papers, participation in programs of professional associations, grades, and other indications of excellence in class.

Runjing LuHal Zeitlin (pictured left) won the George Benston and Richard F. Muth Prize for Excellence in Economics. The Muth/Benston Prize is awarded to a student who exemplifies intellectual curiosity, passion, and skills in economic analysis. The prize is awarded to a student who, by their class work and extended interests, has shown that he/she shares and has successfully emulated intellectual passion for all things economic.Zach Mozenter

Kimberly Varadi (pictured right) won the Tate Whitman Prize. This prize is given to the graduating senior who best illustrates the Whitman characteristics of character, cogent analysis of complex issues, extraordinary personal integrity, and wise leadership.

Congratulations also to the newest inductees (pictured below) to Omicron Delta Epsilon, the Economics honor society. ODE is dedicated to promoting excellence in economics by recognizing outstanding achievements and by encouraging professional exchange among students, and faculty.2015 ODE Inductees


Talk on Income Inequality: N. Gregory Mankiw

Mankiw LectureOn Friday, March 27, 2015, N. Gregory Mankiw, Robert M. Beren Professor of Economics at Harvard University, renowned economist, and textbook author came to campus to present his paper, "Income Inequality: Facts, Hypotheses, and Policy Prescriptions." In this paper, Mankiw tackled the issues of income inequality.

Mnakiw Signing AutographsAlmost 300 people were in attendance, including undergraduate and graduate students and faculty from an assortment of departments. Members of the larger Atlanta community with an interest in economics also attended. To read more about Mankiw's talk, please click here to see the article published in the Emory Wheel.

This event was sponsored by the Emory Economics Department and Cengage Learning.

Mankiw Lecture


Seminar: "Sexonomics"

Andy Francis-Tan

On Monday, February 23, 2015, Dr. Andrew Francis-Tan discussed his research related to sexuality, including:

This discussion was sponsored by the Sexual Health Advocacy Group (SHAG) in collaboration with the Department of Economics during Emory's 2nd Annual Sex Week.


Econometrics Conference in Honor of Esfandiar Maasoumi

Essie MaasoumiFrom Friday, November 14, to Sunday, November 16, 2014, the Economics Department was delighted to host this conference in honor of our colleague Esfandiar (Essie) Maasoumi, Arts and Sciences Distinguished Professor of Economics at Emory University. Professor Maasoumi received his BSc (1972), MSc (1973), and PhD (1977) degrees from the London School of Economics, United Kingdom.

Dean Robin Forman Introducing Keynote SpeakerEssie's work and his informed discussions on many themes in econometric research have distinguished his long and productive career. His influential contributions in forecasting, specification analysis, information theory, multidimensional welfare/wellbeing, mobility, and inequality have made a great impact on our profession. He has published more than 100 articles and reviews in the leading journals in economics, including Econometrica, Journal of Political Economy, Review of Economics and Statistics, Review of Economic Studies, Journal of Business Economic and Statistics, Journal of Applied Econometrics, Journal of Econometrics, and Econometric Reviews. To this date his productivity has not slowed down.

Keynote Speaker Professor James HeckmanHis presence and interactions in conferences are universally acknowledged. Through his passion for understanding econometrics, his wisdom, and his lively discussions, he is well known for always posing interesting and stimulating questions. His knowledge and scholarship have impacted generations of econometricians.

Since 1987, Essie has been editor of Econometric Reviews. Under his leadership the journal established a new broad foundation and became one of the leading journals in Econometrics. Through his dedicated and persistent efforts,Econometric Reviews has risen in quality and in rankings, grown in size and diversity, and moved from a journal of reviews to one of regular status. Its strong footing in the Econometrics profession and its present ranking among the leading econometrics journals owes much to Essie's leadership and his strong commitment as Editor.

During these two days we acknowledged and celebrated Essie's career and his contributions to the profession. The many friendships Essie has built during his long career have enabled us to assemble a distinguished program of extraordinary speakers. Dean Robin Forman (pictured right) was in attendance and introduced our keynote speaker, Professor James Heckman (pictured left). Heckman, Nobel Laureate and Henry Schultz Distinguished Service Professor, University of Chicago, spoke on "Identifying and Estimating the Causal Effects of Education."

For more information about this conference, click here.

Econometrics Conference Attendees


Conversation on How the Poor Can Save Capitalism

Bryant PanelOn Wednesday, October 29, 2014, the economics department had the pleasure of co-hosting a conversation panel with Provost Claire Sterk and John Hope Bryant, Chairman and CEO of Operation Hope, on his new book, How the Poor Can Save Capitalism. The distinguished panel also included civil rights icon and former Atlanta Mayor Ambassador Andrew Young; Dr. Andra Gillespie, Chair of the African American Studies Department; and Dr. Essie Maasoumi, Arts and Sciences Distinguished Professor of Economics.

Bryant, who rose from the LA's gang-ridden South-Central neighborhood, laid out his thesis -- based on a stunning array of historical and contemporary evidence -- that by empowering the poor with the right tools, policies, and inspiration, they can lift themselves from poverty to the middle class; this is crucial to creating a thriving economy. For economists, traditionally used to the highly rational world of economic modelling, the viewpoint of a self-made entrepreneur offered a richer perspective on the role of psychology and behavior in the economic actions of those in poverty. Role modeling and hope stand out as factors in success.

Essie Maasoumi drew out these implications for a broader idea of well-being and emphasized the crucial nature of the middle class -- and therefore of supporting the upward mobility of the poor -- for the sustainability of a market economy and of democratic institutions.

Several members of the economics department attended the event and found Bryant's ideas, and the ensuing discussion, really quite in line with modern economic thinking. Maria Arbatskaya commented afterwards, "The discussion was inspiring. John Hope Bryant argued that being poor is a relative notion. It's not just the amount of wealth we have (and even that is relative) or the environment and constraints placed on us. It is a state of mind -- it's hopelessness and lack of initiative. Well-being is multi-dimensional, as Essie Maasoumi suggested. One may argue that each of us is poor on some dimension, and being poor prevents us from personal growth and growth as a nation.

Len Carlson also found that what Bryant said about the importance of peer effects, good role models, and financial literacy as a way of empowering the poor and the critical way this can play in making a society fair and viable resonates with the best research in economics. As Dr. Carlson importantly notes, what Bryant is really tackling is the harder question: "how to put all of this into practice?"

All in attendance would likely agree with Provost Sterk's conclusion that marshalling interdisciplinary approaches -- merging even previously unrelated studies -- offer the greatest promise in solving society's biggest problems.

Indeed, the event was co-sponsored by a surprisingly diverse array of Emory departments: economics, sociology, film and media studies, African-American studies, development studies, religion, African studies, and the Candler School of Theology.

More on John Hope Bryant: http://johnhopebryant.com/

More on Andrew Young: http://www.andrewjyoungfoundation.org/about-us/andrew-j-young/

More on Essie: http://economics.emory.edu/home/people/faculty/Maasoumiesfandiar_Home.html

Bryant Panel

Milton Kafoglis, Economics Emeriti Professor, Passes Away

Milton KafoglisIt is with deep sadness that we announce that our colleague, Milton Kafoglis, passed away on August 27, 2014, after dealing with various health issues during the past few years.

Professor Kafoglis joined Emory University as Harland Chair of Economics in 1979. He served as the Economics Department Chair in the 1980s and later held the George Woodruff Professorship until he retired in 1998. Professor Kafoglis worked in the areas of Welfare Economics, Regulation, Social Choice, Public Finance, and Managerial Economics. He had a distinguished career as a top scholar with many publications in leading journals. After retirement, he continued to teach an economics seminar course until three years ago. He was gracious, kind, and a great citizen of the department. He will surely be missed by all of us in the department.

In collaboration with his family, the department will hold a memorial gathering for him within the next few weeks. We will send out details as they are made available.

With great sadness,
The Faculty
Emory Economics Department


Gary Gorton: Keynote Speaker at 2014 Workshop on Monetary and Financial History

Gary Gorton LectureOn May 21, 2014, in conjunction with the Halle Institute, economist Gary Gorton delivered the keynote address, entitled "The Financial Crisis: What Happened? (Or, the Next Financial Crisis)," for the 2014 Workshop on Monetary and Financial History. The conference was cosponsored by the Emory Economics Department, Goizueta Business School, and the Federal Reserve Bank of Atlanta. In view of ongoing reevaluations of monetary policy and its effectiveness in periods of financial stress and rebuilding, Gorton discussed current and future financial crises.

Gary Gorton is the Frederick Frank Class of 1954 Professor of Finance at Yale's School of Management and a prominent expert on financial crises. He believes economists fundamentally misunderstand crises and why they occur.

For more information about the 2014 Workshop on Monetary and Financial History, click here.

For a video of Gary Gorton's address, click here.


Economics Student Succeeds on "Shark Tank"

Shark TankCongratulations to Kaeya Majmundar, Emory economics and sociology double major, for having her idea funded on the show "Shark Tank"!

Click here for the full story as it appeared in the most recent Emory Report.


2014 Economics Banquet

On April 10, 2014, nearly 100 people gathered at the Emory Conference Center for the Economics department's annual banquet. Claire Sterk, Vice Provost and Executive Vice President of Academic Affairs, gave this year's distinguished lecture, entitled "What Liberal Arts Education Can Do For You." Latest department developments and news were shared with the guests, including the hiring of several new faculty for the upcoming academic year and potential program changes.

In addition to the distinguished lecture, we announced our annual student award winners and inducted the newest members of the Economics honor society, Omicron Delta Epsilon.

Maria Vyshnya AslamMaria Vyshnya Aslam (pictured left), fifth year PhD stduent, won the Graduate Student Teaching Award of Excellence.Vinish Shrestha

Vinish Shrestha (pictured right), fourth year PhD student, won the Graduate Student Research Award of Excellence.

Leah Shiferaw won the Jack and Lewis Greenhut Prize. The criteria for the Greenhut Prize are as follows: the quality of honors papers and other research, the oral defense of honors papers, participation in programs of professional associations, grades, and other indications of excellence in class.

Runjing LuRunjing Lu (pictured left) won the George Benston and Richard F. Muth Prize for Excellence in Economics. The Muth/Benston Prize is awarded to a student who exemplifies intellectual curiosity, passion, and skills in economic analysis. The prize is awarded to a student who, by their class work and extended interests, has shown that he/she shares and has successfully emulated intellectual passion for all things economic.Zach Mozenter

Zach Mozenter (pictured right) won the Tate Whitman Prize. This prize is given to the graduating senior who best illustrates the Whitman characteristics of character, cogent analysis of complex issues, extraordinary personal integrity, and wise leadership.

Congratulations also to the newest inductees (pictured below) to Omicron Delta Epsilon, the Economics honor society. ODE is dedicated to promoting excellence in economics by recognizing outstanding achievements and by encouraging professional exchange among students, and faculty.2014 ODE Inductees


Careers in Economics Roundtable

On September 27, 2013, Dr. Charles Steindel and Mr. Andrew W. Evans visited Emory University to talk to undergraduate and graduate students about careers in economics. The event was cosponsored by the Emory Office of Alumni Relations and the Economics department. It was well attended and the students asked many questions about the current state of employment in the field as well as the speakers' own experiences navigating the job market.

Chrles SteindelDr. Charles Steindel is Chief Economist of the New Jersey Department of the Treasury. He had previously worked for the Federal Reserve Bank in New York, the First National Bank of Chicago, and the Federal Reserve Board. He has published articles in consumer spending and economic measurement, as well as regional economics. Steindel received his bachelor's degree from Emory University and his PhD from the Massachusetts Institute of Technology.

Andrew EvansMr. Andrew W. Evans is Executive Vice President and Chief Financial Officer of AGL Resources. In his current position, Evans directs finance, accounting, and information technology for all AGL Resources business, as well as investor relations and strategic planning. He had previously worked for Mirant Corporation, National Economic Research Associates, and the Federal Reserve Bank of Boston. Evans is a graduate of Emory University and currently resides in Atlanta, GA.