On Friday, November 9, a team of five students, Jenny Johnston, Anil Menon, Justin Pomerance, Luke Skarzynski, and Monica Yordan, competed in the Fed Challenge against teams from 18 other colleges and universities in New England, organized by the Federal Reserve of Boston. The winner in Boston goes to the Federal Reserve Board in Washington later this month to compete for the national prize. The teams each present their views of the state of the economy and financial markets, their analysis of what the Federal Reserve’s role should be in achieving its twin objectives of full employment and low inflation, and their proposals for the Fed’s policy going forward. For the first time, our team was chosen to compete in the final round at the Boston Fed, against three other schools, Bentley, Dartmouth, and Harvard. The judges admitted that it was a hard decision, and awarded Bentley the top prize, followed by Dartmouth. They did not give out third or fourth prizes, but it was nice to be at least on a par with Harvard, which won the national prize last year. Our team started preparations in the spring and summer and then made a big push this fall, including practice sessions with members of the economics department and with other students in the Student Investment Committee.
Leticia Arroyo Abad (Economics & IPE) was awarded the Franklin Research Grant by the American Philosophical Society and the Arthur H. Cole Grant by the Economic History Association to fund her sabbatical project "The Fiscal Roots of Latin American Inequality". Leticia will spend some time in the archives in Madrid and the spring semester as a visiting fellow at the London School of Economics.
Leticia Arroyo Abad has received funding from the National Science Foundation to research the history of fiscal capacity, inequality, and growth in Latin America. Her work is part of the Global Prices and Income History Group, a long-term NSF-funded collaborative effort administered by the National Bureau of Economic Research.
"The Business of Health Insurance and "Obamacare": What Can We Expect?" by Robert Prasch was recently cross posted from New Economic Perspectives to naked capitalism by Yves Smith who has written the popular financial blog since 2006.
Leticia Arroyo Abad, with co-coordinators at Denison, Scripps, Furman and Williams, has received funding through the AALAC Mellon 23 Collaborative Workshop program for a workshop titled Change and Continuity: Economic History in the Liberal Arts Context, to be held in April 2013 at Denison University. The workshop builds on past efforts and will focus more explicitly on research and teaching in economic history, while continuing to explore the close relationship that economic history has to many fields within economics.
Leticia Arroyo Abad is also part of a team of economic historians that has received a substantial NSF grant. more details forthcoming.
Will Pyle has been selected to participate in the U.S. Dept. of Education’s Fulbright-Hays Seminars Abroad program for Summer 2013. The award covers all expenses for the four week seminar titled, Social Sciences in China. During the course of visiting four cities, the seminar will examine China’s economic system and growth, political and legal systems, and social and demographic changes. Will intends to use the experience to help boost the China-related content in his elective courses and, specifically, to learn more about urban land issues.
You can find Mark B. Whelan '10 and Paul M. Sommers co-authored paper "When is the Honeymoon Over for Baseball's New Stadiums?" in the latest issue of the Journal of Recreational Mathematics, Volume 37, Number 1, pp. 25-29. One of Paul's 171 Middlebury College student co-authors, Mark becomes Paul's first student co-author who is either the son or daughter of a former student! His mother is Kim C. Ulrich '79!
Caitlin Myers' paper, Power of the Pill or Power of Abortion? is highlighted at the World Bank's Impact Development Blog.
Paul Sommers has been appointed the Paige-Wright Professor of Economics.