Lance Lochner, a faculty member in the Department of Economics and Fellow in the Department’s CIBC Centre for Human Capital and Productivity, has been appointed Associate Editor of the Journal of Human Capital, published quarterly by The University of Chicago Press. Lance’s paper with Philippe Belley, a graduate student in our department — "The Changing Role of Family Income and Ability in Determining Educational Achievement" — appears in the journal’s inaugural Volume 1, Number 1.
This year's CESifo Prize in Global Economy was awarded to our colleague, Hiro Kasahara. Hiro's paper, "Productivity and the Decision to Import and Export: Theory and Evidence," was presented at the Group's Annual Area Conference on the Global Economy held in Munich, 25-26 January 2008. Hiro has also become a Distinguished CESifo Affiliate "for the scientific originality, policy relevance and quality of exposition of his paper."
Prime Minister Stephen Harper announced on February 15th, 2008 that Munir Sheikh (1973 Western Ph.D. Economics graduate), has been appointed Chief Statistician Designate effective March 3, 2008. Following the retirement of the present Chief Statistician, Mr. Ivan Fellegi, Sheikh will obtain Fellegi's post effective June 16th, 2008. Mr. Sheikh began his professional career in 1972 as an Economist at the Economic Council of Canada. Recently, he served as Deputy Minister of Labour and Associate Deputy Minister of Human Resources and Social Development.
Carson Sherwood, an Economics 400 Senior Seminar student at Western, was chosen as our top honors undergraduate (and, most notably, the only Canadian) to attend the 2008 Carroll Round, April 17-20, 2008. This yearly conference, held at Georgetown University (Washington, D.C.), promotes discussion among undergraduate students from top schools in Canada, the U.S., Australia, Denmark, Germany and the U.K. Participants interact with eminent economists, discussing their research in international economics, and may have their work published in the Carroll Round Proceedings.
The Department of Economics hosted a CIGI/UWO Research Workshop on April 25, 2008 on The Changing Global Economy. Sponsored by CIGI (The Centre for International Governance Innovation), this one-day conference provided a forum for established and junior scholars to present their research on international economics.
The annual UM-MSU-UWO (University of Michigan-Michigan State-University of Western Ontario) Labour Day Conference was hosted by the Department of Economics on May 16, 2008. This one-day conference in Labour Economics maintains links between Labour Economic research groups and promotes the work of faculty and graduate students, especially students preparing for the job market. Rotating yearly between the three departments, this conference allows one faculty member and one graduate student from each university to present a paper.
The Department of Economics congratulates Todd Stinebrickner, this year’s winner of the Kenneth J. Arrow Prize in Economic Analysis and Policy. His paper, co-authored with Ralph Stinebrickner (Berea College), "The Causal Effect of Studying on Academic Performance," has been published in Frontiers, the highest quality tier of the B.E. Journal of Economic Analysis and Policy. The Arrow Prizes in Economics are named in honor of Kenneth J. Arrow who shared the Nobel Prize in 1972 for his pioneering contributions to general equilibrium and welfare theories.
Doug Porter, a graduate of our Masters program (1984) has been recently appointed (October 16/08) as a new member of the C.D. Howe Institute’s prestigious Monetary Policy Council (MPC). Currently, Mr. Porter is Managing Director and Deputy Chief Economist, BMO Capital Markets. According to William Robson, president and CEO of the Institute, "His recent work on the behavior and measurement of Canadian inflation, and on price levels in Canada and the United States highlights his expertise in matters critical to monetary policy."
During Western’s 2008 Homecoming, the Department of Economics saluted the distinguished career paths of various graduates from 1971 to 2007 identifying their current affiliations. In addition, photos of several current faculty, with brief synopses of their research interests were presented. Senior faculty met with alumni visiting the Social Science Centre.
Professor Jim MacGee, Professor Emeritus David Laidler and Professor Nathan Sussman participated in a panel discussion, hosted by the Economics Department and the Economics Students' Association on October 30, 2008 on issues relating to the current financial crisis.
Economic Students’ Association co-presidents Matthew Ball and Anshul Ruparell, according to the Western News, have, with the help of others, accomplished "a slick new publication, an aggressive pursuit of major speakers [and a] strong marketing campaign." Membership two years ago struggled at 22. Today the club enjoys a membership of 550 across campus.
On Monday, November 3, 2008, the Department of Economics hosted its annual Reception to Recognize Academic Achievement for students enrolled in Economics.
The Economics Students’ Association hosted a speaking engagement with former Prime Minister, Paul Martin, November 26th in Alumni Hall. The event was free to all members of UWO and the London community. Mr Martin spoke about his life in politics, Canada’s role in global credit crisis, and the need for greater international co-operation during financial crises. A question and answer period followed.
With nearly 1,500 PDF downloads in 2008, "The Causal Effect of Studying on Academic Performance", by Todd R. Stinebrickner (with Ralph Stinebrickner, Berea College) is the most-downloaded article so far this year from the popular on-line journal, B.E. Journal of Economic Analysis & Policy. Professor Stinebrickner was also this year’s winner of the Kenneth J. Arrow Prize in Economic Analysis and Policy.
Tiff Macklem, a Western Economics Ph.D. graduate (1989) has been appointed Associate Deputy Minister of Finance, effective November 1, 2007. His experience in analysis of international economic and financial issues will serve him in his role as Canada's Finance Deputy at the G-7, G-20 and the Financial Stability Forum. Tiff was previously a Deputy Governor of the Bank of Canada.
The Economics Department at Western welcomes Professor Nathan Sussman who was recently appointed Chair (2007-2012). Sussman, who earned his BA and MA from the Hebrew University of Jerusalem and Ph.D. from the University of California at Berkeley, is no stranger to Western's Economics Department. He began his career here as Assistant Professor (1991-95) and returned frequently as a Visiting Associate Professor over the past decade, teaching and studying economic history . He recently published a book on Financial Globalization at Oxford. In addition to his tenure at the Hebrew University, for which he served as Chair of their Economics Department from 2000-2003, Sussman has also been an integral part of Western's Social Science Business and Economic History Workshop and co-organized with Eona Karakacilli of the History Department, an international medieval economic history conference in 2005.
The 2006-07 Graduate Teaching Assistant award went to George Jia and the Graduate Professor of the Year award went to Martijn van Hasselt.
Colleagues and friends joined to celebrate the retirement of Joel Fried on April 19th, 2007.
An anonymous donor has provided UWO with a generous gift that will fund the creation of a Faculty Fellowship in Microeconomic Theory.
We are pleased to announce that Yvonne Adams, Coordinator of the Graduate Program, has been awarded the prestigious 2007 Western Award of Excellence. This award recognizes exceptional performance by University staff members.
Recent research on the rise in consumer bankruptcy by Igor Livshits and James MacGee of Western and Michelle Tertilt of Stanford is cited in the Jan 4th, 2007 edition of The Economist.
The Department of Economics congratulates Vadim Iaralov, an Economics Honors Specialization graduate, for winning the Governor General’s medal for 2007. This medal is given to the student graduating with the highest cumulative average at UWO. Vadim will enter the PhD program at Princeton University in the Fall.
Our colleague Ron Wintrobe was awarded the Duncan Black Prize for the best article published in the journal Public Choice in 2006, as chosen by its editors, for his article “Extremism, Suicide Terror and Authoritarianism".
Paul Klein and his co-authors, Vincenzo Quadrini of the University of Southern California and Jose-Victor Rios-Rull of the University of Pennsylvania, have been awarded the Arrow Prize by the Berkeley Electronic Press for their 2005 paper, "Optimal Time-Consistent Taxation with International Mobility of Capital"
On October 20, 2006 Western conferred an Honorary degree on François Bourguignon, who received his Ph.D. in Economics from Western in 1975. Dr. Bourguignon has had a distinguished career, and is now Chief Economist for the World Bank. The citation was read at the convocation ceremony.