Date Title Description

Neeti SinghalGraduating Senior Neeti Singhal was selected to receive a 2015 Rose Undergraduate Research Award. The award is in recognition of her project under the direction of Professor Jere Behrman, "Cognitive & Socio-Emotional Skills in Urban Bolivia and Colombia:  A Latin American Perspective on the Economic Returns to Skills."

The Rose Foundation generously funds the Rose Undergraduate Research Award recognizing outstanding undergraduate research projects completed by graduating seniors under the supervision of a Penn faculty member. The Rose Fund is administered by the Center for Undergraduate Research and Fellowships, and awards are determined each April on a competitive basis. 

Lawrence R. Klein

On October 25th, colleagues, family, friends, and admirers of Lawrence R. Klein gathered on campus to attend a colloquium conducted in his honor. Entitled “Macroeconomic Measurement, Theory, Prediction, and Policy,” the event drew more 100 attendees from all over the world, including Economics Nobel Laureate Christopher A. Sims. One of the highlights of the day was the unveiling of the Klein Legacy Display gifted by Kanta Marwah, Klein’s first female Ph. D. student. The display, which features notes in Klein’s own hand, is installed in the Klein Conference Room in the McNeil Building at the University of Pennsylvania.

For more information on the presenters and the program, see Colloquium Honoring Klein.

Winners pictured from left to right: Junyuan Zou, Eugenio Rojas, David Zarruk Valencia, and Irina PimenovFour second-year graduate students were honored for their first-year work during this year's New Student Reception on September 24, 2014.

Junyuan Zou was the winner of the Lawrence Robbins Prize, awarded to the student judged to be the best in the first year class.

Eugenio Rojas received both the Certificate of Distinctive Performance in the Preliminary Examination in Macroeconomics.

David Zarruk Valencia won the Certificate of Distinctive Performance in the Preliminary Examination in Econometrics. 

Irina Pimenova- received the Certificate of Distinctive Performance in the Preliminary Examination in Microeconomics. 

Winners pictured from left to right: Junyuan Zou, Eugenio Rojas, David Zarruk Valencia, and Irina Pimenov.

 

The reception was hosted by the Graduate Economics Society.

Christina Economy, a senior who is a double-major in Economics and International Relations, has been named a 2013-14 Dean's Scholar.

Each year the School of Arts and Sciences hosts the Levin Family Dean's Forum to honor outstanding students for their academic performance and intellectual promise. This year's program features a talk from James Fowler, Professor of Medical Genetics and Political Science at the University of California.

See SAS Events for details on this year's Forum.

 

A team of Penn Econ students organized by the Undergraduate Economics Society won 2nd place in the national College Fed Challenge. The Penn team included Hosun Chung, W'16, Charles Rubenfeld, C'14, Ian Masters, C'17, and Ashok Rao, BSE'17. While undergraduate chair Frank Schorfheide served officially as faculty advisor for the team, all the credit for the excellent performance goes to the students, who worked independently to develop and promote their monetary policy proposal. After winning the regional competition, which took place at Lehigh University in November, the team moved on to the national competition in Washington, DC, where it competed against four other teams from Harvard, James Madison, Northwestern, and Pace. Congratulations on the excellent performance!

More details from The Daily Pennsylvanian.

At right: Marriner S. Eccles Building, home of the Federal Reserve Board in Washington, DC.

Lawrence KleinLawrence R. Klein, who taught here at Penn from 1958 to 1991, and won the Nobel Prize in Economics in 1980, passed away on October 20, 2013.

Dr. Klein, a pioneer in the field of econometrics, was an internationally honored and respected economist. His Nobel citation states that "few, if any, research workers in the empirical field of economic science have had so many successors and such a large impact as Lawrence Klein."

For further information about Dr. Klein, see In Memoriam.

Winners pictured from left to right: Harun Alp, Yiran Chen, Byounghoon Lee, and Raphael GalvaoFour second-year graduate students were honored for their first-year work during this year's New Student Reception on September 4, 2013.

Harun Alp and Yiran Chen are co-winners of the Lawrence Robbins Prize, awarded to the student judged to be the best in the first year class.

Byounghoon Lee received both the Certificate of Distinctive Performance in the Preliminary Examination in Microeconomics and the Certificate of Distinctive Performance in the Preliminary Examination in Econometrics. 

Raphael Galvao received the Certificate of Distinctive Performance in the Preliminary Examination in Macroeconomics. 

Winners pictured from left to right: Harun Alp, Yiran Chen, Byounghoon Lee, and Raphael Galvao.

 

The reception was hosted by the Graduate Economics Society.

This interview gives a summary of a research paper presented by Professor Jere R. Behrman at a conference on Inequalities in Children's Outcomes in Developing Countries hosted by Young Lives at the University of Oxford, July 8-9, 2013.

 

Rakesh VohraPenn President Amy Guttmann and Provost Vincent Price announced the appointment of Rakesh Vohra as the University of Pennsylvania's fifteenth Penn Integrates Knowledge Professor, effective August 1, 2013.

Vohra is a leading global expert in mechanism design, an innovative area of game theory that brings together economics, engineering and computer science.  He will be the George A. Weiss and Lydia Bravo Weiss University Professor, and his appointment will be shared between the Department of Economics and the Department of Electrical and Systems Engineering in the School of Engineering and Applied Science.

His economics research in mechanism design focuses on the best ways to allocate scarce resources when the information required to make the allocation is dispersed and privately held, an increasingly common condition in present-day environments.  His work has been critical to the development of game, auction and pricing theory — for example, the keyword auctions central to online search engines — and spans such areas as operations research, market systems and optimal pricing mechanisms.

For more information, see Penn News.

Jere BehrmanProfessor Behrman is the lead researcher for an 18-month grant to the University from Grand Challenges Canada, for “Team 1000+ Saving Brains: Economic Impacts of Poverty-Related Risk Factors during the First 1000 Days for Cognitive Development and Human Capital.” The project will be centered at the Penn Population Studies Center, where Behrman (pictured at right) is a research associate, but is a part of a consortium with the University of Bristol (PI: Sonia Bhalotra) and The Center for Disease Dynamics, Economics & Policy (CDDEP)/Public Health Foundation of India (PHFI) (PI: Ramanan Laxminarayan) that involves over 50 investigators in 17 countries.

Funded by the Government of Canada, Grand Challenges Canada funds innovators in low- and middle-income countries and Canada. The organization works to catalyze scale, sustainability, and impact, focusing on results that save and improve lives globally. Its Saving Brains program focuses on interventions that nurture and protect brain development in the first 1,000 days of life.

For further details, see Penn News or the University of Pennsylvania Almanac. For more information on Professor Behrman's work, see page 7 of the Spring/Summer 2013 issue of Penn Arts and Sciences Magazine.  

We extend our congratulations to Zenan Wu who was awarded the Penn Prize for Excellence in Graduate Student Teaching this year.

Last year he was a TA for Economics 1 and his research interest is applied micro theory.

Christina Economy, a junior who is a double-major in Economics and International Relations, has been awarded a Harry S. Truman Scholarship.

The Truman Scholarship is a merit-based award for college students who plan to pursue careers in government or public service.  She is one of 62 Truman Scholars this year.

For details, see Penn News.

 

Rebecca SteinBeginning on April 8, Senior Lecturer Rebecca Stein will be teaching "Principles of Microeconomics" online through Coursera.

For full details, see the Penn News article.

Rebecca Stein is pictured at right.

Ronald O. PerelmanThe extraordinarily generous gift will provide a new home for both the Department of Economics and Political Science.  The Ronald O. Perelman Center for Political Science and Economics will be located in the West Philadelphia Trust Building at 36th and Walnut streets.

Ronald O. Perelman, pictured right, is an alumnus of Penn, a member of Penn's Board of Trustees, and a frequent donor to the University.

For full details, see Penn News.

On the Precipice is an online audio presentation from OMNIA that features Presidential Term Professor Enrique Mendoza examining the fiscal cliff and its future significance.

OMNIA is an online magazine highlighting research and scholarship in the School of Arts and Sciences at Penn.

Economics Nobel Laureate Thomas Sargent will be presenting "Continental Drift: The Forces Underlying the Euro Crisis" at Penn's Social Science & Policy Forum on January 28, 2013 at 4:30 pm in College Hall 200 (Class of 1954 Lecture Hall).

The Department of Economics is a sponsor of the event.

A graduate dissertation fellowship has been established in the memory of Robert Summers, a distinguished member of the faculty for over 30 years, to be awarded annually to the most deserving student in the Economics Department working on a Ph.D. dissertation in the fields of empirical macroeconomics or international economics.

For more information about Professor Summers, see In Memoriam.

Professor Antonio Merlo has been elected a Fellow of the Econometric Society.

The Econometric Society is an international society for the advancement of economic theory in its relation to statistics and mathematics. Among its activities, the Society is responsible for the publication of the journals EconometricaQuantitative Economics, and Theoretical Economics, the publication of a research Monograph series, and the organization of scientific meetings in six regions of the world.

Four second-year graduate students were honored for their first-year work during this year's New Student Reception on September 26, 2012.

Chunzan Wu won the Lawrence Robbins Prize, awarded to the student judged to be the best in the first year class.

Juan Hernandez received the Certificate of Distinction for the Best Performance in Microeconomics in the first year. Kristin Shaw received the Certificate of Distinction for the Best Performance in Macroeconomics in the first year. Yu (Laura) Liu received the Certificate of Distinction for the Best Performance in Econometrics in the first year.

The reception was hosted by the Graduate Economics Society.

Held to honor Department Chair Ken Wolpin's 65th birthday, the two-day conference "Structural Estimation of Behavioral Models: A Conference in Honor of Kenneth I. Wolpin" brought together forty-four former students and close colleagues from outside Penn who presented their research. An audience of about 100, including many faculty members and current graduate students, were on hand.

Research papers related to the conference will be considered for publication in the IER.

The conference was sponsored by the Penn Institute for Economic Research, the Population Studies Center, the John Deutsch Institute and the McCabe Empirical Micro Workshop.

Breaking the Bank is an online audio presentation from OMNIA that features Professors Dirk Krueger and Jesus Fernandez-Villaverde discussing the state of the European economy.

OMNIA is an online publication highlighting research and scholarship in the School of Arts and Sciences at Penn.

Jere R. Behrman, W.R. Kenan Jr. Professor of Economics and Sociology and Research Associate of the Population Studies Center, has been awarded a Doctor Honoris Causa by the University of Chile at a special ceremony at the University of Chile in Santiago, Chile.

At the ceremony he also gave an invited lecture on “From Macro Econometric Analysis to Early Childhood Development” pertaining to his four decades of research on the Chilean economy.

He has also been awarded a Bill and Linda Gates Foundation Grant for a two-year multi-country multi-institutional interdisciplinary study on “Early child growth and development in four countries: Young Lives.”

The study is investigating the determinants of and the impacts of child growth recovery and child growth faltering after one year of age on child schooling success and cognitive and non-cognitive skill attainment in Ethiopia, India, Peru and Vietnam.

In addition, Professor Behrman has been appointed to the National Research Council (NRC) National Academies of Science (NAS) Committee on Population (CPOP) for three years.

CPOP conducts scientific assessments of major population-related issues and provides a forum for the discussion and analysis of important public policy issues related to population. 

We extend our congratulations to Suryun Rhee who was awarded the Penn Prize for Excellence in Graduate Student Teaching this year. 

Last year she was a TA for Economics 10 and Economics 242, and her research interests lie in quantitative macroeconomics, labor economics and industrial organization.

Economics Day is our annual celebration to recognize outstanding teaching and research achievements by undergraduate and graduate students and exemplary teaching by economics faculty.

(Note: Professors Xu Cheng and Hanming Fang, who each won the Irving B. Kravis Prize for Distinction in Undergraduate Teaching, were unable to attend the ceremony.)

The Federal Reserve has announced the creation of the Model Validation Council to provide "expert and independent advice on its processes to rigorously assess the models used in stress tests of banking institutions."

The council will be led by Professor Francis X. Diebold.

For more information, read the press release from the Federal Reserve.