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Economics Department Convocation

Congratulations to the graduating class of 2017!  The Department convocation will be held on Friday, May 19, 2017 in Javits 100 at 1:30 pm.  Everyone is invited to attend, no tickets are needed for this event. 

 


 

Sang-ha Yoon, Ph.D. student in Economics receives 2017 Korean Studies Graduate Scholarship

Sang-ha Yoon's research agenda is “Size-Dependent Firm Regulations and Their Implications on Aggregate Productivity in South Korea.” In 2012, South Korean government approved a regulation to force large retailers to close one or two days a month or cut operating hours as part of efforts to protect smaller businesses and traditional markets. By giving small firms exemptions from some regulations, policy makers expect that their costs become lower relative to their sales, and it will help their survival in a competitive market. On the other hand, as firms grow they face more regulations such as stricter hygiene and safety rules, mandatory elections of employee representatives, higher tax rates, and other regulatory burdens. However, there could be a distortion in the distribution of sizes of firms, and therefore, this firm size distortion from size-dependent policies leads to a misallocation of resources in the economy. My objective is to quantitatively evaluate the size of misallocations resulting from this type of regulations and try to find an optimal way of implementing size-dependent regulations by minimizing productivity losses using dynamic general equilibrium modeling. Congratulations to Sang-Ha!


 

Prof. Azzimonti’s research is in the news!

The “Partisan Conflict Index,” which tracks the degree of political disagreement among U.S. lawmakers, has reached its highest level in 37 years this March. Prof. Azzimonti, who developed the index, explains that private investment tends to stall when the index is elevated. Her work is featured on USA Today’s article “Index that tracks political conflict hits high” (April 18) and on Bloomberg News’ The Daily Prophet: Red Flags Keep Popping Up in the Stock Market (April 12). She was interviewed by The Philadelphia Inquirer, in “U.S. political conflict is at an all-time high since at least the 1970s, signaling trouble for stocks” (April 17).  To find more about the index, visit here. To find out more about Prof. Azzimonti visit her webpage here.


Prof. Benitez-Silva's latest article in Newsday

Prof. Benitez-Silva's latest article in Newsday!  Donald Trump is a businessman. Will that matter for the economy?

 




Meta Brown Meta Brown, Associate Professor, will be joining the Department of Economics in Spring 2017. Prof. Brown is an applied microeconomist studying households’ consumption, investment, and labor market experiences. Recent topics include the “graying” of American consumer debt, the evolution of young Americans’ financial sophistication, the contributions of debt, jobs, and housing to the surge in living with parents, the role of job market referrals in shaping careers, and parents’ interdependent time investments in their children in the shadow of family law. Her work has appeared in the American Economic Review, the Review of Economic Studies, and the Review of Financial Studies, among other outlets, and has been funded by the National Science Foundation and the National Institutes of Health.  Meta has worked as a Senior Economist at the Federal Reserve Bank of New York and an assistant professor at the University of Wisconsin at Madison. She holds a Ph.D. from NYU. 



New Graduate Student Orientation in the Department of Economics
This is a Mandatory Orientation for ALL new GRADUATE Students which will take place on Friday, August 26, 2016, at 10:00 AM, Social & Behavioral Sciences Building, 6th Floor, Room N-603.  All incoming students (both in the PhD.and MA programs) are expected to take part in this Orientation.  We are eagerly looking forward to meet you all.
 
Lunch will be provided at 12:00 PM in the Economics Department LOBBY.  For additional information, please contact Maryann Calvacca, Graduate Program Coordinator.
 

Prof. Azzimonti's latest publication in Journal of Public Economics
In April, 2016, Marina Azzimonti, Associate Professor in the Department of Economics, published her latest paper in the Journal of Public Economics on the costs and benefits of balanced budget rules: Lessons from a political economy model of fiscal policy. This paper analyzes the impact of a balanced budget rule that requires that legislators do not run deficits in the political economy model of Battaglini and Coate (2008). The main finding is that the rule leads to a gradual reduction in the level of public debt.


 


 

yuanyuan dengYuanyuan Deng, one of our graduate students has been awarded one of the prestigious Dissertation Fellowships, by the Center for Retirement Research at Boston College. This center, funded by the Social Security Administration to foster policy relevant work on retirement and social insurance programs, has historically supported the most promising young researchers in this area. Yuanyuan’s supported work focuses on Medicare enrollment delays and labor supply of older Americans.

“This is yet another success for Yuanyuan, and our graduate program,” says Yuanyuan's advisor, professor Hugo Benitez-Silva, who was also the advisor of two other graduate students who received this grant in the last decade: Na Yin, who received this honor in 2007 and who is now an associate professor at Baruch-College, and Zhe Li who received the grant in 2009 and is now an assistant professor in Framingham State University. “This kind of grants has traditionally been reserved for students coming from departments at top institutions or those directly affiliated with the Center. The fact that three of our students have gotten this very prestigious honor in the last decade is impressive. There is little doubt Yuanyuan's work will prove useful in many dimensions for practitioners and policy makers.” Professor Benitez-Silva also argued that “This again comes to show that our graduate students are competitive at the highest level, and that this is a great department for students looking to be exposed to the latest research and the best opportunities our country has to offer.”

 


Prof. Steven Stern joins the Department of Economics!

Stern


Prof. Steven Stern
 
will join the Department of Economics at Stony Brook University, effective July 2016.  Prof. Stern has a wide range of interests in labor economics, health economics, the economics of aging, the economics of the family, industrial organization, and econometrics. Almost all of his research involves increasing our understanding of some phenomenon in the real world by using innovative econometric methods. He also advises graduate students on the same wide range of topics and undergraduate students who are prepared and excited about getting involved in research.

 


Prof. Azzimonti's latest article published in WSJ

On May 5, 2016, Marina Azzimonti, Associate Professor in the Department of Economics, who helped develop the Partisan Conflict Index, and is used in the latest article, Tallying the Economic Toll of Political Upheavalpublished in the Wall Street Journal. It discusses how evidence piles up showing how uncertainty about the U.S. presidential election rattles businesses and consumers.

 


 

Economics Department Convocation

Congratulations to the graduating class of 2016!  The Department convocation will be held on Friday, May 20, 2016 in Javits 100 at 1:30 pm.   Everyone is invited to attend, no tickets are needed for this event.

 


 

Prof. Sanderson's latest article on Aging in the 21st Century
On April 8, 2016, Warren Sanderson, Professor in the Department of Economics, has an article written by the LA Times on his work on aging population, Watch the U.S. age before your eyes in this amazing animated graphic.  The aging of the U.S. population is, well, a fact of life that gets mentioned often in political and economic discussions but seldom is communicated in an understandable way.

On March 4, 2016, Warren Sanderson, Professor in the Department of Economics, released his latest article, It’s time to measure 21st century aging with 21st century tools, published in The Conversation.  This article examines the aging of populations of most countries in the world, prompting a deluge of news stories about slower economic growth, reduced labor force participation, looming pension crises, exploding health care costs and the reduced productivity and cognitive functioning of the elderly.

 


 

Professor Emeritus Estelle James' Obituary

Estelle James, Professor Emeritus, State University of New York at Stony Brook and Consultant to the World Bank, USAID and other organizations passed away on October 13, 2015. Our most sincere condolences to her family.  Here is the Obituary.


 

Prof. Benitez-Silva discusses Chinese economic slowdown's impact on students at Stony Brook

Jimin Kim, Freelance reporter for Newsday and President of Society of Professional Journalists, Stony Brook University Chapter, interviewed Hugo Benitez-Silva about the Chinese economic slowdown's impact on Chinese international students at Stony Brook and the challenges the students face.

Watch Video: Hard to slow down Chinese international students
 

Jenille Johnson receives Chancellor’s Award for Excellence in the Classified Service 

On October 6, 2015, President Stanley paid tribute to faculty and staff from across the university who were this year's recipients of excellence awards from the SUNY System. Those that were recognized have achieved the highest honors in their disciplines for research, have contributed to teaching and mentoring of our students, and have provided service and support to their units, the College, the University, and the community. We would like to Congratulate Jenille Johnson, the Undergraduate Program Coordinator in the Economics Department for being selected to receive The Chancellor’s Award for Excellence in the Classified Service.  The Chancellor’s Award for Excellence in the Classified Service is a System-level award established by the University to give System-wide recognition for superior performance and extraordinary achievement by employees in the Classified Service. These awards demonstrate the University’s commitment to individuals who provide superior service to its students and the community at large.  The department nominated Ms. Johnson for this award in recognition of her outstanding work and dedication to our faculty and students for the past 10 years.  We are extremely proud and fortunate to have Ms. Johnson in the Economics Department.

 Chancellors award


Prof. Benitez-Silva quoted in Newsday

On October 1, 2015, Hugo Benitez-Silva was quoted in Newsday on the latest worries of some Long Island hotel owners and their concerns over short-term rental services of Airbnb.


Prof. Azzimonti's latest article published in Society for Economic Dynamics

In July 2015, Marina Azzimonti, Associate Professor in the Department of Economics, had her latest article, The dynamics of public investment under persistent electoral advantagepublished in the Society for Economic DynamicsThis paper studies the effects of asymmetries in re-election probabilities across parties on public policy and their subsequent propagation to the economy.


Gregg Seibert (Stony Brook Alumn, BA '78 - Economics) presents the Keynote Address at 2015 Convocation

Gregg Seibert serves as Vice Chairman of Cablevision Systems Corporation, working on the company's overall long-term strategic and financial initiatives. As a senior member of Cablevision's leadership team, he provides strategic and financial counsel to the company. In 2015, The Madison Square Garden Company and AMC Networks Inc. also appointed Mr. Seibert vice chairman of their respective companies. In addition to his role as vice chairman, Mr. Seibert also previously served as Cablevision's chief financial officer where he oversaw the company's finance and accounting matters as well as its taxation and risk management functions. He was also responsible for all treasury, investor relations and business development activities for the company. Since joining Cablevision in 2009, Mr. Seibert has played an instrumental role in a number of the company's key strategic initiatives including the spin-offs of The Madison Square Garden Company and AMC Networks Inc., and the acquisition of and subsequent sale of Bresnan Communications. He also has overseen a number of financing transactions that have significantly improved the company's financial profile. Furthermore, he handled capital and cash management as well as the communication of the company's operational and financial objectives to individual and institutional shareholders, financial analysts and investment managers. Before joining Cablevision, Mr. Seibert held several senior leadership positions at Merrill Lynch including vice chairman, head of corporate finance and head of the global media practice. Mr. Seibert received his MBA from the Wharton School of the University of Pennsylvania.

Commencement_Seibert

 Commencement_Seibert_Brusco



2015 Department of Economics Convocation Ceremony

Congratulations to the Graduating Class of 2015!
Students, Family and Friends are invited to attend the Department of Economics Convocation Ceremony on Friday, May 22, 2015 at 1:30 PM at 100 Javits Lecture Center. Light refreshments will be served.  TICKETS ARE NOT REQUIRED

 


Prof. Montgomery guest speaker at the United Nation's 48th Session of the Commission on Population and Development

On Wednesday, April 15, 2015, Mark Montgomery spoke at a plenary of the UN's Commission on Population and Development annual meeting. Prof. Montgomery's was part of a panel discussion on Integrating Population Issues into Sustainable Development.

To watch the session, follow this link:
http://webtv.un.org/meetings-events/watch/4th-meeting-commission-on-population-and-development-forty-eighth-session/4175531158001


Prof. Warren Sanderson's latest research on human life expectancy in the news!

Professor Sanderson's latest research compared the proportion of the population that was categorized as "old" using the conventional measure that assumes that people become "old" at age 65 and the proportion based on their new measure of age, which incorporates changes in life expectancy.  Prof. Sanderson explains, "The onset of old age is important because it is often used as an indicator of increased disability and dependence, and decreased labor force participation. Adjusting what we consider to be the onset of old age when we study different countries and time periods is crucial both for the scientific understanding of population aging for the formulation of policies consistent with our current demographic situation."

The article: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0121922


Dr. John Rizzo to Appear on Long Island Business Report

Dr. Rizzo is one of 30 health economists to place on top 50 lists in world rankings for both numbers of articles published and for total pages published in the field of health economics from 1991-2000; ranked 15th in total pages published (lists published in May 2003 issue of Health Economics). He also serves as the Long Island Association’s Chief Economist.

The program will air this week on WLIW, Channel 21,Wednesday, February 25, at 7:30 pm and again on Thursday, February 26, at 11:30 pm.  Viewers will also be able to see the show online at: http://watch.wliw.org/program/long-island-business-report/.

WLIW will repeat the 30-minute program on Wednesday, March 18, at 7:30 pmThursday, March 19, at 11:30 pm and on Sunday, March 22, at 9:30 am.


The work of our faculty member Marina Azzimonti featured prominently in the news!

Associate Professor Marina Azzimonti's work on a measure of Political Discord has been prominently featured by several news outlets including bloomberg.com, the Wall Street Journal, and Business Week. The Partisan Conflict Index gathers information from the major US Newspapers to capture the level of political discord. The monthly index which has been computed back to January of 1981, is currently nearly at the same level as four years ago. [Read the article in bloomberg.com, which interviewed her last week ] [Follow the Index here]


A growing department in all the key research areas in economics. SBEconomics is in the midst of a multi-year recruitment effort

Three new faculty members have recently joined he department of economics, and very likely another one will do so in the Fall of 2015. The department of economics is growing at the fastest pace in almost three decades. On top of strenghtening an already impressive group of macroeconomists with the hiring of Marina Azzimonti, who was previously an Economic Advisor and Economist with the Federal Reserve Bank of Philadelphia, this year's successful hiring season included an assistant professor in financial economics, Jake Zhao, who obtained his PhD in Economics from the University of Wisconsin at Madison, as well as the hiring of an econometrician, Samuele Centorrino who obtained his PhD last year from the University of Toulouse and was later visiting Brown University, to strenghten the applied econometrics group. Next year we expect to also be able to hire in applied econometrics, and probably also game theory. For more information on our expansion plans do not hesitate to contact our chair, Sandro Brusco or any faculty member in your areas of research interest.


The applicaiton deadline for our Masters Program in Economics is April 1, 2015. Applications for Fall 2015 are now accepted

This is a new kind of M.A. in Economics, quite different from what is offered by other institutions. No prior background in Economics required: our first year classes teach the fundamentals of Economics, although lots of hard work should be expected. However, a strong mathematical background is required: linear algebra, real analysis, multivariate calculus, and if possible differential equations. The students will be taking PhD level courses with our PhD students, and have access to the same advising as our PhD students. Students who successfully complete the (four semester version of the) program can continue into our PhD program (assuming they have passed the comprehensive exams offered after the first year of study and other requirements) without taking additional course work, and be considered for funding for the following two years in the program. This research oriented program prepares students for careers in academia, research institutes, government, international institutions, and the private sector. Graduates from this program will be well prepared to continue their studies in top PhD programs in Economics and Finance, as well as the best MBA programs in the world. This is a full-time program during the first year, and it can be taken part-time starting in the second year. For more information you can[Follow this link] and then [Apply Here] For more information please e-mail Maryann Calvacca at Graduate_Economics@stonybrook.edu. 


The Application Deadline for our PhD Program in Economics for the Fall 2015 is January 15, 2015, and you can already start your application. You can read about the program below preparing for Fall 2015

The department encourages outstanding students from all nationalities and regions to apply to its PhD program in economics of the next admission cycle. This research oriented program prepares students for careers in academia, research institutes, government, international institutions, and the private sector. We offer scholarships which cover the tuition, plus provide a generous stipend, guaranteed for 4 years.[Download Information Package Here] and then [Apply Here]Qualified US Nationals can also apply to W. Burghardt Turner Fellowship Program which can provide a generous additional financial support for the student. For more information please see [Turner Fellowship Information Here]


New Center for Finance receives funding from Stony Brook's Provostial Interdisciplinary Faculty Cluster Initiative. Job Openings in Financial Economics and Econometrics can now receive applications

A new Center for Finance has been established thanks to the support of SBU's Interdisciplinary Faculty Cluster Hiring Initiative run by the Provost. Thanks to this initiative the Department of Economics will hire two new faculty members specialized in Finance in the next three years. One position in Financial Economics has already been filled with Jake Zhao, and the other one in Financial Econometrics will be recruited with the idea of starting in the Fall of 2016. The CF will also hire four more positions to be distributed between the other departments (units) involved: the College of Business, the Applied Math and Statistics Department, and the Math Department. The department will also participate in the creation of a PhD in Finance, and will foster the development of a strong field in Finance within our PhD in Economics and our MA in Economics. 


The collaboration between the Economics Department and the Department of Computer Science kicks off with the cross-listing of a class in Computational Game Theory

With the cross-listing of the class CSE691/ECO606, Computational Game Theory, taught by CS assistant professor Jing Chen this Spring 2014 semester, the departments kick-off a collaboration that promises to redefine the interactions between economic theory and computational methods. The Department of Computer Science is one of the most prominent in the world and Dr. Chen is an outstanding researcher who is also affiliated with the Center for Game Theory in Economics as well as the Department of Economics. As this exciting collaboration progresses in the semesters and years ahead, our PhD and MA students will be able to specialize in computational game theory and other areas of intersection between Computer Science and Economics, making SB Economics one of the first departments in the country to explicitly foster this exciting collaboration.


New Faculty member joins the Department of Economics this 2013-2014 Academic Year

Associate Professor Juan Carlos Conesa has joined our department starting this Fall 2013 semester. Dr. Conesa comes from the Universitat Autonoma of Barcelona, and he obtained his PhD in Economics from the University of Minnesota in 1999. Dr. Conesa is a prominent macroeconomist and will be teaching undergraduate and graduate classes in our department. The department is slowly but surely growing, and in the last two years it has hired three new faculty members, and this year we plan to hire at least two more faculty members.


John Rizzo, Professor in the Department of Economics named Chief Economist at the Long Island Association

The Long Island Association, the region's largest business group, has hired Stony Brook University Economics professor John A. Rizzo as its chief economist to analyze the ups and downs of local jobs numbers, housing prices and commerce. Rizzo specializes in the economics of health care, which is among Long Island's largest employment sectors and drives roughly 20 percent of local economic output. He officially assumes the part-time position on Sept. 1 and will continue to teach at Stony Brook, where he has been a professor since 2004.


Xin Tang, graduate student in the Department of Economics wins important research paper award from the Department of Labor through their 2012 ETA Research Paper Program

Xin Tang, a fifth year student in our PhD program, has recently received the honor of being selected as one of the winners of the best research paper award by the Department of Labor through their ETA Program. His work on the dynamics of wages and unemployment during the great recession promises to prove influential in our understanding of what has happened in the labor market in the last few years. [read more about these awards]


Congratulations to Professor Lloyd Shapley who has won the 2012 Nobel Prize in Economics

Congratulations to UCLA Economics and Mathematics Professor Emeritus Lloyd S. Shapley for being awarded the 2012 Nobel Prize in Economics. Shapley has been affiliated with the Center for Game Theory in Economics at Stony Brook from its inception, and he has been an active participant through the years in the Summer Festival in Game Theory. Shapley is considered by many of his peers the most brilliant game theorist of his generation, a generation that includes other Nobel Prize winners like our own Robert Aumann, and other Nobel Prize winners and affiliated members of the Game Theory Center like John Nash and Eric Maskin. He shares the prize with Alvin E. Roth of Harvard University, who will be a Professor at Stanford University starting in 2013. [Read what Professors Pradeep Dubey and Professor Yair Tauman, who know Professor Shapley well, have to say about Shapley's Nobel Prize]


Two of our faculty members named to the Editorial Boards of important journals in Economics.

Eva Carceles-Poveda has been recently named Editor of the B.E. Journal of Macroeconomics (BEJM), one of the flagship journals of the B.E. Press. The BEJM started publication in 2001 and in a decade has reached great visibility and prestige in the profession, and in particular in the field of macroeconomics. We are also happy to report that Hugo Benitez-Silva has recently been named Associate Editor of the European Economic Review (EER), the prestigious general journal, in print since 1969. Benitez-Silva will also serve as Associate Editor for a new open access journal of the British publisher Taylor and Francis called Economics and Finance Research: An Open Access Journal. Join us in congratulating them on these professional recognitions which come with lots more work and...well...that's it, lots more work. Congratulations!


The latest Rankings of Economics Departments in the US for the 1994-2009 period, rank Stony Brook's Economics Department as 49th in the country by quality adjusted research productivity of its faculty, and 32nd by productivity of its PhD alumni measured in published pages per graduate.

In a recently published article in the Southern Economic Journal (July 2012, Vol. 79, Number 1) Michael A. McPherson provides the latest rankings of economics departments in the United States for the 1994-2009 period. Stony Brook comes in 49th in quality and size adjusted research productivity of its faculty measured by publications in top 50 journals, once attention is restricted to the 2002-2009 period. Interestinglly, this study also ranks departments by the productivity of the alumni of their PhD programs in the 1994-2009 period, and our department fairs even better, making it to the 39th place in the nation in terms of total pages published and 32nd if measured by pages per graduate. One reading of these results is that while by this measure we are a top 50 department, we produce top 35 students, which we believe speaks to the quality of the training we offer our graduates.


The Department welcomes two more faculty members this 2012-2013 academic year, Ting Liu and Yiyi Zhou.

The department is very happy to welcome two new faculty members this academic year, Ting Liu and Yiyi Zhou. Dr. Liu obtained her PhD in Economics from Boston University in 2008, and for the last four years she has been an assistant professor at Michigan State University. Her areas of expertise are industrial organization, microeconomic theory, and health economics. Dr. Zhou has recently obtained her PhD in Economics from the University of Virginia, and her areas of specialization are empirical Industrial Organization and applied econometrics. During the 2012-2013 academic year both assistant professors will be teaching in our graduate program, and in the near future they will also teach in the undergraduate program.


Graduate Student Receives Important Grant

Biligbaatar Tumendemberel, one of our advanced graduate students has received a prestigious Grant from the Open Society Foundations for the 2011-2012 academic year These fellowships which target graduate students from certain areas of the world, fall under the Global Supplementary Grant program of this prestigious foundation. [read more about these grants]


Graduate Student awarded major Fellowship

Yun-Shan Chan, one of our advanced graduate students has received a prestigious Fellowship from the American Statistical Association for the 2011-2012 academic year to work on the topic of youth crime and economic incentives. The title of the supported research is "An Empirical Model of Criminal Behavior of Young Workers: An Economic Perspective." These fellowships which encourage researchers to study crime and justice data from the Bureau of Justice Statistics have been recently set up by the ASA, and Yun-Shan is one of the first recipients. "These are exciting news for Yun-Shan and our graduate program," says the Director of Graduate Studies, and member of Yun-Shan's committee, professor Benitez-Silva. "Once again (two years ago one of our students got a grant from the CRR to work on pensions, and four years ago yet another student got a grant from the same CRR to work on disability policy) one of our students is recognized with an external and extremely competitive fellowship, we are very proud and we are sure Yun-Shan will complete an insightful analysis of the determinants of youth crime in the USA," elaborated the smiling Director of Graduate Studies. [read more about these grants]


Two Graduates from our PhD program who are now professors receive prestigious Research Grant

Two graduates from Stony Brook's PhD program in Economics have recently received a prestigious Research Grant from the Center for Retirement Research at Boston College. Zhe Li who graudated with a PhD in Economics in the Spring of 2010, and Frank Heiland who graduated with a PhD in Economics in the Spring of 2002, have partnered to obtain a Steven H. Sandell Grant on retirement research. This very prestigious grant is given by the CRR every year to assistant professors working on cutting-edge research in the economics of aging. The title of Zhe's and Frank's work is "Changes in Labor Force Participation of Older Americans and their Pension Structures: A Policy Perspective." Zhe Li is an assitant professor at Framingham State University since the Fall of 2010, and Frank Heiland is an assistant professor at CUNY-Baruch College (he is now tenured) since 2009 after starting his career at Florida State University. Professor Benitez-Silva, who was Zhe Li's PhD thesis advisor, and was also a member of Frank Heiland's PhD committee expressed satisfaction at the news "We are extremely happy that our graduates continue their successes well beyond their time in our institution. Frank and Zhe were outstanding graduate students, and they have become outstanding members of the academic community, we could not be happier for them and for what this accomplishment means for our program." Interestingly, professor Benitez-Silva himself received a Sandell Grant when he was a first-year assistant professor at Stony Brook back in 2001. Additionally, in 2000 Deb Dwyer, then assistant professor and now affiliated professor received a Sandell herself. "I am extremely proud that ten years after I got one of these pretigious fellowships, two students I had the luck to advise follow on my footsteps," said a very proud and (again) smiling Benitez-Silva. [See announcement by the CRR] 


Economics Professor actively participates in online discussion on population growth in the prestigious Room for Debate at the NYTIMES.COM

Stony Brook's Economics professor, Warren Sanderson, is actively participating in the online discussions on population growth in the reknown Room for Debate at NYTIMES.COM, following the publication of the new population forecasts by the United Nations. See Discussion here. Professor Sanderson's piece focuses on the importance of educating the masses for an uncertain future with challenges coming from population growth and environmental changes linked to it. Professor Sanderson has published in the last decade several influential research pieces in the most prestigious journals in the sciences (Science and Nature) on the evolution of population growth. His work with his co-authors has influenced the way the United Nations computes its forecasts and analyzes its results.


Economics Professor cited in The Economist, the world's most prestigious economics and business magazine

A research piece by Stony Brook's Economics professor, Hugo Benitez-Silva, was cited in the following article published by the world reknown magazine The Economist, in the print edition of March 3, 2011 (in the special report on property, in the section titled "Up, up and away with the fairies"). The article is signed by journalist Andrew Palmer. The article focuses on the housing market, one of the areas of expertise of Professor Benitez-Silva. Notice, that two of professor Benitez-Silva's co-authors in that research paper are graduates from our PhD program: Frank Heiland, graduated from our PhD program in 2002 and after getting tenure at Florida State two years ago, he is now a faculty member at CUNY's Baruch College. Selcuk Eren graduated in 2006, and he is a Research Scholar at the Levy Economic Institute of Bard College. The latest version of the cited research can be found in pdf here 


Alumni Donors Storm Classroom for Professor William Dawes

On November 30, 2010 about 20 economics alumni surprised their favorite professor,our own William Dawes, in his classroom, showering and embarrassing him with their love and affection. Check out the photos and also the video of the surprise visit. Two alumni, Sal Trifiletti '76 and Tom Kasulka '83, spearheaded a campaign to endow a fund in honor of Professor Bill Dawes. Over 200 economics alumni contributed more than $50,000 to the the William Dawes Fund for Excellence. The fund is designed to benefit and enhance the Economics Department and serves as a tribute to Professor Bill Dawes and his educational impact on students from 1968 to the present. To help the economics alumni reach their goal of $100,000 for the William Dawes Fund for Excellence please click here.


Newly Published Rankings of Graduate Programs in Economics place the Economics Department at Stony Brook in the top-tier of departments in the country

The recently published rankings of economic departments by the National Research Council, after years of analysis of detailed data provided by members of the academic community show our department ranked among the top programs in the country. The study, probably the most comprehensive and detailed one ever assembled of graduate programs in the United States, provides two summary measures depending on how the weights of different characteristics is computed, and in one Stony Brook appears as the 39th ranked program in the country, and in another one as the 53rd ranked program in the country. Additionally, a more dissagregated analysis shows that in some important dimensions, like the Professional Development of Graduate Students, or the Diversity in the Economic Environment we appear as a top 20 department in the United States. More information about this ranking can be found following the link NRC Ranking Page. And details about the rankings in economics in particular can be found in the followin link PhDs.org interface to analyze the rankings.


Professor Warren Sanderson publishes in the prestigious journal Science a piece on how to adjust aging to account for the changes in longevity, health improvements, and disability status.

Professor Sanderson, who published another piece in Science in 2008, and who has published 4 articles in the journal Nature in the last decade and a half (more than any other economist in the world) has published in Science again. Read about it in our In Depth section.


Economics Professor, Mark Montgomery, participates as one of the panelist in a important discussion on urbanization and climate change in Washington D.C.

Stony Brook's Economics professor, Mark Montgomery, participated as panelist in the important presentation to Congressional Staff members on the effects of Climate Change in an incresingly Urban world, with special emphasis on the effects for poor countries. This is one of the main areas of expertise of Professor Montgomery. See announcement


Economics Professor interviewed by the Population Reference Bureau on Climate Change

Stony Brook's Economics professor, Mark Montgomery, was recently interviewed on the important topic of Climate Change by the Population Reference Bureau. The interview , focused on the effects of climate change on our cities, an area of expertise of professor Montgomery.


Economics Professor quoted in Physician Practice, a professional magazine for MDs

Stony Brook's Economics professor, Hugo Benitez-Silva, was quoted in an article published by the magazine Physician Practice, in the issue for October 2009 (article in pages 61 and 62). The article is signed by journalist Janet Kidd Stewart. The article focuses on the housing market, one of the areas of expertise of Professor Benitez-Silva.


Graduate Student receives prestigious Dissertation Fellowship

Zhe Li, one of our graduate students has received a prestigious Dissertation Fellowship from the Center for Retirement Research for the 2009-2010 academic year. Read more about it in our In Depth news section.


Research by Economics Professor cited and quoted in the U.S. News and World Report, Again

Stony Brook's Economics professor Benitez-Silva was cited in an article published by the U.S. News and World Report in the issue for June 23-June 30, 2008 (article in pages 57 and 58). The article is signed by journalist Emily Brandon. Benitez-Silva's work was also cited in a related article in the same prestigious magazine in early February. The article focuses on retirement and Social Security Benefits, area of expertise of Professor Benitez-Silva.


Undergraduate Students Majoring in Economics will join Duke University and Columbia University to study a PhD in Economics, and a Masters in International Affairs

Ahmad Yusuf will be studying his PhD in Economics at Duke starting in the Fall of 2008 with a full scholarship, and Ataoulaye Bah will join, also with a full scholarship, Columbia's M.A. program in International Affairs at The School of International and Public Affairs. "The successes of our majors continues in the competitive market of graduate education," states professor Benitez-Silva, proud advisor of Ahmad and Ataoulaye, remembering that last year one of our own joined Yale University's Ph.D. program in Economics.


Young macroeconomist from the University of Minnesota to join department in the Fall.

Erem Atesagaoglu, a young macroeconomist who will soon obtain his Ph.D. in Economics form the University of Minnesota will join our department in the Fall of 2008. Erem's work trying to explain the declining volatility of aggregate economic measures in the United States since the mid 1980s with the changes in the tax system, without relying on the traditional explanation using changes in monetary policy, promises to bring a whole new view on the analysis of business cycles and their volatility. [read more about Erem]


Professor Mark Montgomery publishes his new research in the prestigious journal Science.

Professor Montgomery's research on the growing urbanization in the developing world has been published this month in the journal Science, in their February 8th issue. The paper argues that developing countries in Asia and Africa are likely to cross a historic threshold, joining Latin America in having a majority of urban residents. The challenges that this will bring to researchers and policy makers are discussed.  Read more about it in our In Depth news section.


Research work by Economics Professor cited and quoted in the U.S. News and World Report

Stony Brook's Economics professor Benitez-Silva was cited in two articles published online by U.S. News and World Report on January 9, 2008, and the in print issue of February 11, 2008, both signed by journalist Emily Brandon. Both articles focus on retirement and Social Security Benefits, area of expertise of Professor Benitez-Silva.  Read more about it in our In Depth news section.


Professor and Co-Chair Warren Sanderson publishes his new research in the prestigious journal Nature, again.

Professor Sanderson's research on the evolution of the world's population has delivered yet another fascinating chapter, and again has caught the attention of one of the most prestigious journals in the world. In Nature's January 20, 2008, advance online publication, Dr. Sanderson and his co-authors uncover the continue acceleration of the world's ageing population, and force us to continue to analyze how this phenomenon, which they helped bring to light with their outstanding research in the last decade (see other articles in Nature in 1997, 2001, and 2005), will challenge our economies and our lives in an variety of ways.  Read more about it in our In Depth news section.


Graduate Student's research receives support from the United Nations

Graduate student Donghwan Kim is working with Professor Mark Montgomery on studies of urban poverty and health in developing countries. This research explores whether urban poverty is concentrated in slums or is distributed more widely across city neighborhoods. Kim's research is funded by an award from UN-Habitat (Nairobi) for the Fall 2007 period.  Read more about it in our In Depth news section.


Graduate Student receives prestigious Dissertation Fellowship

Na Yin, one of our graduate students has received a prestigious Dissertation Fellowship from the Center for Retirement Research for the 2007-2008 academic year. Read more about it in our In Depth news section.


Research Study by Economics Professors cited in the New York Times

A recent research study by Stony Brook's Economics professors Benitez-Silva, Dwyer, and Sanderson was cited in the New York Times on May 12, in an article on retirement and Social Security Benefits.  Read more about it in our In Depth news section.


Undergraduate Student Majoring in Economics Accepted at Yale University to Study PhD in Economics

Adam Osman will be studying his PhD in Economics at Yale starting in the Fall of 2007 with a full scholarship. Read more about it in our In Depth news section.


Our Student Receives An Outstanding Doctoral Student Paper Award

Graduate student Zhen Liu's paper 'Fair Disclosure and Investor Asymmetric Awareness in Stock Markets' is selected by the 2007 AAA (American Accounting Association) Mid-Atlantic Regional Meeting for an Outstanding Doctoral Student Paper award.


Prof. Aumann Wins the Nobel Prize

Aumann

 

 

 

 

Robert J. Aumann, a member of the Stony Brook faculty at the Department of Economics since 1989 has received the 2005 Nobel Prize in Economic Sciences shared with Thomas C. Schelling.  Read more about it in our In Depth news section.

  

New Supercomputer Unveiled

The University acquires a new supercomputer 'Seawulf Cluster' to aid research. [read more]


Our Student Receives University Teaching Award

Graduate student Na Yin receives the 2006 USB President's Award for Excellence in Teaching by a Graduate Instructor.  Read more about it in our In Depth news section.

 

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