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Research & Publications
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Projects & Grants
- Institute for Macroeconomic & Policy Analysis (IMPA) is a non-partisan research institute committed to building a fair and prosperous economy. To this end, our mission is to conduct cutting edge scholarly research and serve as a forum for discussions on macroeconomics, public finance, and inequality, in order to inform the public and enrich contemporary policy debates.
- Info-Metrics Institute: Established in 2009, the institute promotes interdisciplinary study of information, information processing and decision rules through collaborations among researchers across the scientific spectrum and dissemination of knowledge through conferences, workshops and seminars as well as through short-term, hands-on classes at the graduate and post-graduate level.
Gender Working Group (GWG), comprising department faculty, resident scholars, and graduate students, has strong relations with a variety of relevant organizations, including the International Association for Feminist Economics (IAFFE), the Institute for Women’s Policy Research, the Washington Center for Equitable Growth, Vital Voices, Merck KGaA, and the Bureau of Labor Statistics, often in league with our Program on Gender Analysis in Economics.
- Care Work & the Economy
The Care Work and the Economy (CWE-GAM) Project is striving to reduce gender gaps in economic outcomes and enhance gender equality by illuminating and properly valuing the broader economic and social contributions of caregivers and integrating care in macroeconomic policymaking toolkits.
Recent Grants
- Ignacio Gonzalez-Garcia and Juan Montecino Ignacio Gonzalez-Garcia received supplemental funding of $250,000 (new total: $998,097) from the New Venture Fund for the project “Aggregate, Sectorial and Distributional Effects of Corporate Taxation.” They received a $500,401 grant from the Rockefeller Foundation for “The Macroeconomics of Taxation and Inequality in the United States: A Proposal for a New Policy Model and Institute.”
- Amos Golan received supplemental funding of $15,000 (new total: $161,624) from the USDA for the project “The Value of Publicly Available Information and Data.”
- Xuguang Sheng (Economics) was awarded a $10,000 IIF-SAS grant by the International Institute of Forecasters for the project proposal “A Novel Method for Eliciting Business Inflation Expectations.”
- Mieke Meurs was awarded $800,000 from the Open Society Foundation renewal grant for the PGAE Global Scholars.
- Mary Hansen received a $29,876 NSF grant for “Doctoral Dissertation Research in DRMS: A Comparison of Value of Statistical Life Estimates Derived from Revealed and Stated Preferences.”
Selected Publications
Selected Recent Works
- "Eliminating Environmental Costs to Proof-of-Work-Based Cryptocurrencies: A Proposal", Gabriel Mathy. Eastern Economic Journal 49, no. 2 (2023): 206-220.
- “Documenting and Exchanging Simulation Specifications: A Language-Agnostic Approach”, Alan G. Isaac, Social Science Computer Review, 2024.
- "Headhunting and Warfare in Austronesia: A Phylogenetic Comparative Analysis," Boris Gershman & Tinatin Mumladze. Journal of Economic Behavior and Organization 220, April 2024, 768-791.
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“Rule-Based Trading on an Order-Driven Exchange: A Reassessment,” Alan G. Isaac & Vasudeva Ramaswamy. Quantitative Finance 23(12), 2023, 1871–1886.
“Direct and Indirect Transmission of Avian Influenza: Results from a Calibrated Agent-Based Model,” Amanda Beaudoin & Alan G. Isaac. Journal of Economic Interaction and Coordination 18, January 2023, 191–212.
Blecker, Robert A., "Open Economy Macro Models," in Rochon, Louis-Philippe, and Sergio Rossi (Eds.), Elgar Encyclopedia of Post-Keynesian Economics, Edward Elgar Publishing, 2023.
- Blecker, Robert A., "Goodwin Cycles," in Rochon, Louis-Philippe, and Sergio Rossi (Eds.), Elgar Encyclopedia of Post-Keynesian Economics, Edward Elgar Publishing, 2023.
- Blecker, Robert A., "Open Economy Macro Models," in Rochon, Louis-Philippe, and Sergio Rossi (Eds.), Elgar Encyclopedia of Post-Keynesian Economics, Edward Elgar Publishing, 2023.
- Blecker, Robert A., "Chapter Eleven. Mexico: Unequal Integration and 'Stabilizing Stagnation,'" in Wray, L. Randall and Flavia Dantas (Eds.), Handbook of Economic Stagnation, Elsevier, 2022: 225-249.
- Gershman, Boris, "Witchcraft beliefs around the world: An exploratory analysis," PLoS ONE 17(11): e0276872, November 2022.
- Gershman, Boris, "Witchcraft Beliefs, Social Relations, and Development," in Zimmerman, Klaus F. (Ed.), Handbook of Labor, Human Resources and Popluation Economics, Springer, Cham, 2022.
- Larson, Nathan, "Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts," Review of Economic Studies, October 2022.
- Sheng, Xuguang (Simon), Salem Abo-Said, and Zidong An, "Inattention and the Impact of Monetary Policy," Journal of Applied Econometrics, January 2023.
- Wisman, Jon D., The Origins and Dynamics of Inequality: Sex, Politics, and Ideology (2022), Oxford University Press.
See also: AU Economics Working Papers series.
Papers by Subject Area
Agent-Based & Computational Modeling
Isaac, Alan, “Exploring the Social-Architecture Model,” Eastern Economic Journal, 2018.
Gershman, Boris, Quamrul Ashraf, and Peter Howitt, "Banks, market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis," Journal of Economic Behavior and Organization, March 2017.
Econometrics/Info-Metrics
Golan, Amos, “Info-Metrics for Modeling and Inference,” Minds & Machines 28 (2018): 787.
Golan, Amos, Lumsdaine, R. L., "Constructing Prior Information in the Social Sciences-An Info-metrics Approach," Advances in Econometrics, 36 (2016).
Sheng, Xuguang (Simon), Frieder Mokinski, and Jingyun Yang, "Measuring Disagreement in Qualitative Expectations," Journal of Forecasting, March 2015.
Sheng, Xuguang (Simon), "Evaluating the Economic Forecasts of FOMC Members," International Journal of Forecasting, January-March 2015.
Golan, Amos, Henderson, H., Seabold, S., "Incorporating Prior Information When True Priors are Unknown: An Information-Theoretic Approach for Increasing Efficiency in Estimation," Economic Letters 127 (2015): 1-5.
Economic History/Thought
Wisman, Jon, "Economic Causes of War and Peace: Overview," in Kurtz, Lester, (Ed.), Encyclopedia of Violence, Peace, and Conflict, vol. 1, Elsevier Academic Press, 2022: 47-57.
Wisman, Jon and Michael Cauvel, "Why Has Labor Not Demanded Guaranteed Employment?" Journal of Economic Issues 55, no. 3 (September 2021): 677-697.
Wisman, Jon and Quentin Duroy. "The Proletarianization of the Professoriate and the Threat to Free Expression, Creativity, and Economic Dynamism." Journal of Economic Issues 54, no. 3 (Fall 2020): 854-872.
Mary Eschelbach Hansen, Erin E. George, Julie Lyn Routzahn, "Debt Tolerance, Gender, and the Great Recession," Journal of Consumer Affairs, 2018.
Mathy, Gabriel, Jaremski, M, "How was the Quantitative Easing of the 1930s Unwound?" Explorations in Economic History, 2018.
Wisman, Jon D., "The Darwinian dynamic of sexual selection that Thorstein Veblen missed and its relevance to institutional economics," Journal of Institutional Economics, 2018.
Wisman, Jon D., "Adam Smith and Thorstein Veblen on the Pursuit of Status Through Consumption versus Work," Cambridge Journal of Economics, 2018.
Wisman, Jon D., "Marx, the Predisposition to Reject Markets and Private Property, and Attractive Alternatives to Capitalism," Forum for Social Economics, 2018.
Hansen, Mary Eschelbach and Nicholas L. Ziebarth, "Credit Relationships and Business Bankruptcy During the Great Depression," AEJ: Macroeconomics 9, no. 2 (April 2017).
Mathy, Gabriel P., "Hysteresis and Persistent Long-term Unemployment: The American Beveridge Curve of the Great Depression and World War II," Cliometrica, 2017.
Mathy, Gabriel P. and Matthew Jaremski, "Looking Back on the Age of Checking in America, 1800-1960," Revista de la Historia de la Economia y de la Empresa, 2017.
Mathy, Gabriel and Nicolas L. Ziebarth, "How Much Does Political Uncertainty Matter? The Case of Louisiana Under Huey Long," The Journal of Economic History, March 2017.
Hansen, Mary Eschelbach and Michelle McKinnon Miller, "A New View of Women in Bankruptcy: Evidence from Maryland Since 1940," American Bankruptcy Institute Journal 34 (November 2016).
Hansen, Mary Eschelbach and Nicholas L. Ziebarth, "Credit Relationships and Business Bankruptcy During the Great Depression," AEJ: Macroeconomics.
Hansen, Mary E. and Bradley A. Hansen, "The Historian's Craft and Economics," Journal of Institutional Economics, June 2016.
Mathy, Gabriel, "Stock Volatility, Return Jumps, and Uncertainty Shocks During The Great Depression," Financial History Review, July 2016.
Hansen, Mary, "Sources of Credit and the Extent of the Credit Market: A View from Bankruptcy Records, Mississippi 1929-1936," Enterprising America, William Collins and Robert Margo, eds. NBER/University of Chicago Press, 2015.
Economic Development
Gershman, Boris, "Witchcraft Beliefs, Social Relations, and Development," in Zimmerman, Klaus F. (Ed.), Handbook of Labor, Human Resources and Population Economics, Springer, Cham, 2022.
Mohseni-Cheraghlou, Amin and Seyed Reza Mirnezami, "Wind Power in Iran: Technical, Policy, and Financial Aspects for Better Energy Resource Management," vol. 15(9), Energies, 2022: 3230.
Yesuf, Mahmud and Randall Bluffstone, "Consumption Discount Rates, Risk Aversion and Wealth in Low-Income Countries: Evidence from a Field Experiment in Rural Ethiopia," Journal of African Economies 28, no. 1 (2019).
Gershman, Boris and Diego Rivera, "Subnational diversity in Sub-Saharan Africa: Insights from a new dataset," Journal of Development Economics, 2018.
Leight, Jessica, Vandana Sharma, Willa Brown, Laura Costica, Fatima Abdulaziz Sule, and Martina Bjorkman Nyqvist, "Associations between birth kit use and maternal and neonatal health outcomes in rural Jigawa state, Nigeria: A secondary analysis of data from a cluster randomized controlled trial," PLoS ONE 13, no. 12 (2018): e0208885.
Gershman, Boris,"Long-Run Development and the New Cultural Economics," Demographic Change and Long-Run Development, 2017.
Gunter, Bernhard, Faisal Ahmed, A.F.M. Ataur Rahman, and Jesmin Rahman), "Do Patterns of Development and Macroeconomic Uncertainty Explain Bangladesh's Savings and Investment Puzzle?" Money and Macroeconomics: Selected Topics from Bangladesh, 2017.
Henderson, H., Alan G. Isaac, "Modern Value Chains and the Organization of Agrarian Production." American Journal of Agricultural Economics 99, no. 2 (2017): 379–400.
Meurs, M. E., Amartuvshin, A., Banzragh, O., "Livestock Income of Mongolian Herders: A Path to Rural Prosperity?" Nomadic Peoples, 2017.
Radchenko, Natalia, Paul Corral, and Paul Winters, "Heterogeneity of commercialization gains in the rural economy," Agricultural Economics, 2017.
Radchenko, Natalia and Paul Corral, "What's So Spatial about Diversification in Nigeria?" World Development, (2017): 231-253.
Radchenko, Natalia and Paul Corral, "Agricultural Commercialisation and Food Cecurity in Rural Economies: Malawian experience," Journal of Development Studies, 2017.
Floro, Maria S., P. Yokying, B. Sangaroon, T. Tassanee Sushevagul, "Understanding Work-Life Balance Situation of Women and Men in Thailand: Through the Lens of Time-Use Data," Asia-Pacific Population Journal 31, no. 1 (2016): 87-107.
Floro, Maria S. and Elizabeth King, "The Present and Future of Time Use Surveys in Developing Countries," Asia-Pacific Population Journal 31, no. 1 (2016): 5-42.
Gershman, Boris, "Witchcraft Beliefs and the Erosion of Social Capital: Evidence from Sub-Saharan Africa and Beyond," Journal of Development Economics, May 2016.
Gunter, Bernhard, "Revisiting Debt Sustainability in Africa," Background Paper for UNCTAD's 2016 Economic Development in Africa Report: "Debt Dynamics and Development Finance in Africa," August 2016.
Sawers, Larry, Eileen Stillwaggon, Jonathan Rout MD, David Addiss MD, and LeAnne Fox MD, "Economic Costs and Benefits of a Community-based Lymphedema-management Program for Lymphatic Filariasis in Odisha State, India," American Journal of Tropical Medicine and Hygiene, 2016.
Gershman, Boris "The Economic Origins of the Evil Eye Belief" Journal of Economic Behavior and Organization, February 2015.
Meurs, M. E., Kochut, R., Ahranjani, M., "Local Government Performance in Rural Poland: The Roles of Local Government Characteristics and Inherited Conditions," Landbauforschung-Applied Agriculture and Forestry Research, 2015.
Mohseni-Cheraghlou, Amin, "Socioeconomic Justice and Poverty in Nahj Al-Balagha," International Journal of Islamic and Middle Eastern Finance and Management, 2015.
Mohseni-Cheraghlou, Amin "Islamic Finance, Financial Inclusion and Poverty Reduction in MENA" in The Routledge Handbook of Religions and Global Development, 2015.
Yesuf, Mahmud, Randall Bluffstone, Takuro Uehara, Bilisuma Bushie, and Demessie Damite, "Livestock and Private Tree Holdings in Rural Ethiopia: The Effects of Collective Action Institutions, Tenure Security and Market Access," Journal of Development Studies, December 2015.
Gender
Ambler, Kate, Kelly Jones, and Michael O'Sullivan, "Facilitating Women's Access to an Economic Empowerment Initiative: Evidence from Uganda," World Development (2021): 138.
Meurs, Mieke, et al., "Women are Herders Too: Women's Role and Bargaining Power in Mongolia in Herding Households," Central Asian Survey, September 2021.
Meurs, Mieke, et al., "Gender Regime and Women's Employment in Kazakhstan," Comparative Economic Studies, October 2021.
Meurs, Mieke and Lisa Giddings, "Elder Care and Paid Work: Gender Differences in the Relationship Between Unpaid Elder Care Work and Employment in Bulgaria," European Journal of Social Policy, February 2021.
Floro, Maria, Mahmud Yesuf, and Trufat Woldesenbet, "Gender and Perception of Climate Change in Ethiopia." The International Journal of Climate Change: Impacts and Responses 11, no. 2 (2019): 21-39.
Meurs, Mieke and Rita Ismaylov, "Improving Assessments of Gender Bargaining Power: A Case Study from Bangladesh," Feminist Economics 25, no. 1 (2019).
Hansen, Mary Eschelbach, Erin E. George and Julie Lyn Routzahn, "Debt Tolerance, Gender, and the Great Recession," Journal of Consumer Affairs, 2018.
Floro, Maria S., C. Bruyere, S. Fengdan, P. Xuhua, "Bargaining Power and the Household Division of Labor by Gender: Evidence from the China Time Use Survey," Asia-Pacific Population Journal 31, no. 1 (2016): 63-86.
Floro, Maria S., Willoughby, John A., "Feminist Economics and The Global Economy: The Challenges that Awaits Us." The Fletcher Forum for World Affairs 40, no. 2 (2016): 5-17.
Floro, Maria S., and M. Terbish, "How does the Presence of Infrastructure (or lack thereof) Affect Time Use in Mongolia?" Asia-Pacific Population Journal 30, no. 1 (2016): 43-62.
Floro, Maria S., P. Yokying, B. Sangaroon, and T. Tassanee Sushevagul, "Understanding Work-Life Balance Situation of Women and Men in Thailand: Through the Lens of Time-Use Data," Asia-Pacific Population Journal 31, no. 1 (2016): 87-107.
Hansen, Mary Eschelbach, and Michelle McKinnon Miller, "A New View of Women in Bankruptcy: Evidence from Maryland Since 1940," American Bankruptcy Institute Journal 34, November 2016.
Radchenko, Natalia, Pierre-Andre Chiappori and Bernard Salanie, "Divorce and the duality of marital payoff," Review of Economics of the Household.
Heterodox Economics
Blecker, Robert A., "Elgar Encyclopedia of Post-Keynesian Economics," Edward Elgar Publishing, 2023.
Blecker, Robert A., "New Advances and Controversies in the Framework of Balance-of-Payments-Constrained Growth," Journal of Economic Surveys, 36(2): 429-467, April 2022.
Blecker, Robert A., Michael Cauvel, and Y.K. Kim, "Systems Estimation of a Structural Model of Distribution and Demand in the US Economy," Cambridge Journal of Economics, January 2022.
Willoughby, John A. and Zehra Aftab, "The Fall of Urdu and the Rise of English in Pakistan: A Political Economic Analysis." Pakistan Institute of Development Economics, January 2020.
Wisman, John D., "Marx, the Predisposition to Reject Markets and Private Property, and Attractive Alternatives to Capitalism," Forum for Social Economics, 2018.
Wisman, John D., "Politics, Not Economics, Ultimately Drives Inequality," Challenge, 60, no. 4 (2017): 347-367.
Blecker, Robert A., "The Debate over 'Thirwall's Law': Balance-of-Payments-Constrained Growth Reconsidered," European Journal of Economics and Economic Policy: Intervention, 13, no. 3 (2016).
Blecker, Robert A., "Wage-led Versus Profit-led Demand Regimes: The Long and the Short of It," Review of Keynesian Economics, vol. 4, no. 4 (Winter 2016): 373-390.
Blecker, Robert A., "The US Economy Since the Crisis: Slow Recovery and Secular Stagnation," European Journal of Economics and Economic Policies: Intervention, 13, no. 2 (2016): 202-214
Floro, Maria S., Willoughby, John A, "Feminist Economics and The Global Economy: The Challenges that Awaits Us," The Fletcher Forum for World Affairs, 40, no. 2 (2016): 5-17.
Isaac, Alan G., "Comment on ‘Homo Socialis: An Analytical Core for Sociological Theory,’" Review of Behavioral Economics, 2, nos. 1-2 (2015): 113-121.
International Economics
Blecker, Robert A., "New Advances and Controversies in the Framework of Balance-of-Payments-Constrained Growth," Journal of Economic Surveys, 36(2): 429-467, April 2022.
Blecker, Robert A., "Mexico: Unequal Integration and 'Stabilizing Stagnation,'" in Wray, L. Randall and Flavia Dantas (Eds.), Handbook of Economic Stagnation, Elsevier, 2022: 225-249.
Blecker, Robert A., "The Rebranded NAFTA: Will the USMCA Achieve the Goals of the Trump Administration for North American Trade?" Norteamérica, 16(2): 289-315, 2021.
Sonenshine, Ralph M. and Michael Lifshutz, "Tariff Rate Pass-Through: Buyer Power and Product Differentiation Effects," Journal of Economics and Trade 6, no. 1 (2021): 13-23.
Gunter, Bernhard and Britni Wilcher, "Three Decades of Globalisation: Which Countries Won, Which Lost?" The World Economy 43, no. 4 (April 2020): 1076-1102.
Feinberg, Robert and Kara Reynolds, “How Do Countries Respond to Antidumping Filings? Dispute Settlement and Retaliatory Antidumping,” The World Economy 41, no. 5 (2018).
Reynolds, Kara M. and B. Rigod, "Russia—Tariff Treatment: Identifying Systematic Violations of WTO Law," World Trade Review 17, no. 2 (2018): 291-312.
Reynolds, Kara M. and Chad P. Bown, "Trade Flows and Trade Disputes," Review of International Organizations, June 2015.
Blecker, Robert A. and Carlos A. Ibarra, "Structural Change, the Real Exchange Rate and the Balance of Payments in Mexico, 1960-2012," Cambridge Journal of Economics, February 2015.
Feinberg, Robert, "'Exports-at-Risk:' The Effect of Multi-Market Contact in International Trade," Southern Economic Journal, January 2015.
Microeconomics/Applied Microeconomics
Hoffman, Vivian and Kelly Jones, "Improving Food Safety on the Farm: Experimentation Evidence from Kenya on Agricultural Incentives and Subsidies as Public Health Investments," World Development 143(2021).
Jones, Kelly and Erick Gong, "Precautionary Savings and Shock-Coping Behaviors: The Effects of Promoting Mobile Bank Savings on Transactional Sex in Kenya," Journal of Health Economics 78 (2021).
Feinberg, Robert and Daniel Kuehn, "Does Guaranteed Basic Income Encourage Entrepreneurship? Evidence from Alaska," Review of Industrial Organization 57, no. 3 (November 2020): 607-626.
Feinberg, Robert, "Is Academic Career a Luxury Good? Student Debt and the Underrepresentation of Minorities," Economics Bulletin 40, no. 4 (2020): 2964-2977.
Radchenko, Natalia, "Student Evaluations of Teaching: Unidimensionality, Subjectivity, and Biases," Education Economics 28, no. 6 (2020): 549-566.
Sonenshine, Ralph M., "Merger Waves: Are Buyers Following the Herd or Responding to Structural Queues?" Eurasian Business Review 10 (2020): 287-308.
Sonenshine, Ralph, "Merger Waves: Are buyers following the herd or responding to structural queues?" Eurasian Business Review, 2019.
Davis, M., Mary E. Hansen, Thomas Husted, "The Impact of Political Influence on Appointees: Evidence from the Small Business Administration Disaster Loan Program," Southern Economic Journal, 84, no. 3 (2018): 771-785.
Husted, Thomas A., Kenny, L. W., "The Effect of Reduced Support from State Government on Research in State Universities," Journal of Educaton Finance, 44, no. 2 (2018): 164-174.
Isaac, Alan G., Sawers, L. B., "Partnership Duration and Concurrent Partnering: Implications for Models of HIV Prevalence." Journal of Economic Interaction and Coordination, 2018.
Jones, Kelly, Vivian Hoffmann, and Jef Leroy, "The impact of reducing aflatoxin exposure on child linear growth in Kenya: a cluster randomized controlled trial," British Medical Journal: Global Health, 3, no. 6 (2018).
Kahn, N. and Hansen, Mary E., "Measuring Racial Disparities in Foster Care Placement: A Case Study of Texas," Children and Youth Services Review, 76 (May 2018): 213-226.
Sullivan, Paul and Kamila Sommer, "Implications of US Tax Policy for House Prices, Rents, and Homeownership," American Economic Review, February 2018.
Kahn, Nicholas, Josh Gupta-Kagan, and Mary Eschelbach Hansen "The Standard of Proof in the Substantiation of Child Abuse and Neglect," Journal of Empirical Legal Studies 14 (June 2017).
Kahn, Nicholas E., and Mary Eschelbach, "Measuring Racial Disparities in Foster Care Placement: A Case Study of Texas," Children and Youth Services Review 76 (May 2017).
Kahn, Nicholas E., J. Gupta-Kagan, and Mary E. Hansen, "Standards of Proof in the Substantiation of Child Abuse and Neglect," The Journal of Empirical Legal Studies, 14, no. 2 (2017): 333-369.
Provencher, A., N. Kahn, and Mary E. Hansen, "Adoption Policy and the Well-Being of Adopted Children in the U.S. Child Welfare," 95, no. 1 (2017): 27-55.
Larson, Nathan, Delay in Global Games. B.E. Journal of Theoretical Economics, 16, no. 1 (2016): 83-117.
Robert Feinberg, Thomas Husted and Florian Szucs, "Does State Antitrust Enforcement Drive Establishment Exit?" Journal of Competition Law & Economics, March 2015.
Feinberg, Robert, "Pricing of First-Run Movies in Small U.S. Metropolitan Areas: Multimarket Contact and Chain Effects," B.E. Journal of Economic Analysis and Policy (Topics), January 2015.
Husted, Thomas A., S. E. Irvine Belson, "Impact of National Board for the Professional Teaching Standards Certification on Student Achievement," Education Policy Analysis Archives, 23, no. 91 (2015): 18.
Irvine Belson, S. E., Thomas A. Husted, "State of the States 2014: Maryland," Journal of Education Finance, 41, no. 2 (2015): 235-237.
Larson, Nathan, "Inertia in Social Learning from a Summary Statistic," Journal of Economic Theory, 159 (2015): 596-626.
Larson, Nathan, A. Baik, and S. Anderson, "Personalized Pricing and Advertising: An Asymmetric Equilibrium Analysis," Games and Economic Behavior, 92 (2015): 53-73.
Sonenshine, Ralph and Evan Kraft, "Determinants of Financial Service Mergers: An Analysis of Economic and Institutional Factors," Review of Economics and Finance, August 2015.
Yesuf, Mahmud and Robert M. Feinberg, "Ambiguity Aversion among Student Subjects: The Role of Probability Interval and Emotional Parameters," Applied Economics Letters, August 2015.
Macroeconomics
Blecker, Robert A., "New Advances and Controversies in the Framework of Balance-of-Payments-Constrained Growth," Journal of Economic Surveys, 36(2): 429-467, April 2022.
Blecker, Robert A., Michael Cauvel, and Y.K. Kim, "Systems Estimation of a Structural Model of Distribution and Demand in the US Economy," Cambridge Journal of Economics, January 2022.
Blecker, Robert A., "Thirlwall's Law is Not a Tautology, But Some Empirical Tests of It Nearly Are," Review of Keynesian Economics 9, no. 2 (Summer 2021): 175-203.
Blecker, Robert A., "New Advances and Controversies in the Framework of Balance-of-Payments-Constrained Growth," Journal of Economic Surveys, September 4, 2021.
Davis, Steven J., Dingqian Liu, and Xuguang Simon Sheng, "Stock Prices and Economic Activity in the Time of Coronavirus," IMF Economic Review, 2021.
Meyer, Brent, Brian Prescott, and Xuguang Simon Sheng, "The Impact of the COVID-19 Pandemic on Business Expectations," International Journal of Forecasting, 2021.
Blecker, Robert A. and Mark Setterfield, "On Multi-Sector and Multi-Technique Models, Production Functions and Goodwin Cycles: A Reply to Libman," European Journal of Economics and Economic Policy: Intervention 17, no. 3 (November 2020): 295-306.
Gunter, Bernhard, A.F.M. Ataur Rahman, "Relationship Between Money Growth and Stock Prices in Bangladesh," Money and Macroeconomics: Selected Topics from Bangladesh, 2017.
Mathy, Gabriel P., "Hysteresis and Persistent Long-term Unemployment: The American Beveridge Curve of the Great Depression and World War II." Cliometrica, 2017.
Gershman, Boris, Quamrul Ashraf and Peter Howitt, "Banks, market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis," Journal of Economic Behavior and Organization, March 2017.
Blecker, Robert A. "The Debate over 'Thirlwall's Law': Balance-of-Payments-Constrained Growth Reconsidered," European Journal of Economics and Economic Policy: Intervention 13, no. 3 (2016).
Blecker, Robert A. "Wage-led Versus Profit-led Demand Regimes: The Long and the Short of It," Review of Keynesian Economics, 4, no. 4 (Winter 2016): 373-390.
Blecker, Robert A., "Finance, Distribution, and the Role of Government: Heterodox Perspectives for Understanding the Crisis," Studies in Political Economy, 97, no. 1 (2016): 76-86.
Feinberg, Robert, Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang, "Explaining Variation in Title Charges: A Study of Five Metropolitan Residential Real Estate Markets," Review of Industrial Organization, March 2015.
Kraft, Evan and Ralph Sonenshine, "Determinants of Financial Firms' Merger Premia: Economic and Institutional Factors," Review of Economics and Finance, 5, no. 3 (2015): 66-82.
Gonzalez Garcia, Ignacio, Sala, H., "Investment Crowding-Out and Labor Market Effects of Financialization," US. Scottish Journal of Political Economy, 61, no. 5 (2014): 589-613.
Labor Economics
Feinberg, Robert, "Determinants of Self-Employment by New PhDs," Applied Economics Letters, 2021.
Feinberg, Robert, "Why Do Foreign PhD Students Return Home?" Migration Letters 18, no. 5 (September 2021): 499-506.
Gunter, Bernhard, Bon Sun Seo, and Farah Tasneem, "How Do Female Labor Force Participation Rates Change During Episodes of Globalization and Marginalization? Global Evidence from 1990 to 2019," The International Journal of Interdisciplinary Global Studies 17, no. 1 (August 2021): 1-12.
Hansen, Mary Eschelbach, Michael Martell, and Leanne Roncolato, "Tolerance and the Labor Supply of Gays and Lesbians," Journal of Demographic Economics. November 2021.
Kyui, Natalia and Natalia Radchenko, "The Changing of Composition of Academic Majors and Wage Dynamics: Beyond Mean Returns," Journal of Comparative Economics 49, no. 2 (2021): 358-381.
Stinebrickner, Ralph, Todd Stinebrickner, and Paul Sullivan, "Job Tasks, Time Allocation, and Wages," Journal of Labor Economics 37, no. 2 (2019).
Feinberg, Robert and Daniel Kuehn, “Guaranteed Non-Labor Income and Labor Supply: The Effect of the Alaska Permanent Fund Dividend,” BE Journal of Economic Analysis & Policy 18, no. 3 (2018).
Sullivan, Paul J., "Beauty, Job Tasks, and Wages: a New Conclusion about Employer Taste-Based Discrimination," Review of Economics and Statistics, 2018.
Radchenko, Natalia, "Informal Employment in Developing Economies: Multiple Heterogeneity," Journal of Development Studies, (2017): 495-513.
Hansen, Mary Eschelbach, Nicholas Kahn, and Josh Gupta-Kagan, "The Standard of Proof in the Substantiation of Child Abuse and Neglect," Journal of Empirical Legal Studies, 2016.
Hansen, Mary Eschelbach and Michael E. Martell, "Self-Identity and the Lesbian Earnings Differential in the U.S.", Review of Social Economy, 2016.
Sawers, Larry, Eileen Stillwaggon, Jonathan Rout MD, David Addiss MD, and LeAnne Fox MD, "Economic Costs and Benefits of a Community-based Lymphedema-management Program for Lymphatic Filariasis in Odisha State, India," American Journal of Tropical Medicine and Hygiene, 2016.
Willoughby, John A., L. Roncolato, "Job Quality Complexities: Self-employment within the low-income communities surrounding Cape Town, South Africa," Review of Radical Poltiical Ecomnomics 49, no. 1 (2015): 30-53.
Student Research & Awards
Recent Dissertations
- Vasudeva Ramaswamy, August 2023, "Monetary Policy, Market Behavior and Fiscal Interventions: Theoretical and Empirical Work in Heterogeneity"
- Maylin Sun, May 2023, "Navigating Dollar Funding Shortage and Trade Intervention: Implications for Macroeconomic Stability and Exchange Rate Dynamics"
- Elissa Cohen, April 2023, "Evaluating the Validity of the Value of Statistical Life"
- Mariam Hamza, April 2023, "Three Essays in Health and Education Economics in Egypt"
- Tamal Monsur, April 2023, "Alternative Monetary Policy Regimes in Five Emerging Nations: An Empirical Analysis"
- Cassandra Rattan, April 2023, "Three Essays on Export Structure"
- Farah Tasneem, April 2023, "Essays on Policy Evaluation"
- Noha Huwit, March 2023, "Three Essays on the Effect of Legalizing Marijuana on Health, Edcuation, and Social Security"
- Bongsun Regina Seo, March 2023, "Three Essays on Labor Market and Health Inequities by Race and Gender"
- Ameesh Upadhyay, July 2022, "Essays on Conflict, Diversity, and Economic Development"
- Glen Kwende, June 2022, "Job Separation, Wage Rigidity, and Bargaining Power in Search Models"
MA Capstones
- Duff, Giraldine, May 2023, "A Cross-national Study of Different Education Measurements and Their Effects on Poverty Reduction"
Improving access to school has been a component in gobal poverty reduction intitiatives for decades. Yet, despite global levels of school enrollment reaching an all-time high, global poverty reduction has slowed. In this paper, I test whether focusing on alternative measurements of education, like test scores, is more effective in predicting reductions in poverty when compared to school enrollment. I find that, while both access and quality of education are important in reducing poverty levels, quality of education has a stronger effect. Furthermore, I assess how differences in income levels across countries can affect returns to education. - Wharff, Michael, May 2023, "Taking Off or Turbulence? An Empirical Analysis of the Price Effects of the U.S. Airways and American Airlines Merger"
Ever since the Airline Deregulation Act of 1978, airline mergers have been a hot topic of debate in the fields of antitrust and industrial organization. While the empirical evidence covering early airline mergers largely suggests these mergers remains unclear. This paper contributes to the existing literature by conducting a difference-in-differences analysis on the domestic pricing effects of the U.S. Airways and American Airlines merger. My analysis suggests small, but highly statistically significant, increases in airfares in markets affected by the U.S. Airways and American Airlines merger. However, overall welfare effects remain unclear.
Senior Theses
Research Papers
Endres, Erin, December 2022, "What Factors Contribute to Differences in Residential Solar Panel Installations and Electric Vehicle Purchases Across California? A County Level Analysis from 2011-2020."
Memon, Zander, December 2022, "Measuring the Impact of Universal Pre-Kindergarten Programs on Maternal Labor Outcomes: A Synthetic Control Approach."
Nibarger, Emma, December 2022, "Modeling the Impact of Bank Yields."
Scroggs, David, December 2022, "The Effects of Colorado's Taxpayer Bill of Rights (TABOR) on Government Spending and Public Services."
Sun, Ziqi, December 2022, "Impact of COVID-19 Outbreak on Catering Industry: Evidence from the Stock Market for Multinational Restaurant Chains."
Global Majority E-JournalResearch by AU Undergraduates
Latest issue: Volume 15, Number 1, June 2024
- Alyssa Apuzzo, "The Journey to Clean Water: Kenya’s and Ghana’s Lack of Water and Sanitation Service"
- George Lahoud, "Inequality in Egypt and Algeria: How Much Progress Since the Arab Spring?"
- Kexin Li, "Urban Shift: The Impact of Urbanization on Poverty in Thailand and Vietnam"
- Jamie Minden, "IClimate Change in Senegal and Uganda: Historical Responsibility for Loss and Damage"
Graduate Student Awards
James H. Weaver Prize: William Mooney
Awarded to a graduate student for excellence in teaching.
Professor Jose D. and Ursula Epstein Award: Michael Sherr & Michael Wharff
Awarded to the student in the Masters of Arts program in Development Banking with the best performance measured by culmuluative GPA.
Frank M. Tamagna Education Endowment Fund: Laura Heras Recuero
Awarded to a graduate student studying International Finance and Monetary Economics.
Fred and Barbara Bergmann Fellowship Fund: Aina Puig
Awarded to a student in the Program for Gender Analysis in Economics (PGAE).
Undergraduate Student Awards
Caroline and Rick Barnett Scholarship Fund: John Whitcomb
Awarded to an undergraduate student studying economics.
Ruth Dewey Meade Prize: Erin Endres & Emma Nibarger
Awarded to an undergraduate studyent demonstrating an exceptional research project.
Robert T. Adams Scholarship Fund: Mikala Drake
Awarded to an undergraduate student studying economics.
See more about Undergraduate Awards & Honors.