We congratulate our former graduate student, Ignazio Visco, Ph.D. 1981, who has been appointed Governor of the Bank of Italy by Prime Minister Silvio Berlusconi.
Ignazio Visco has been Deputy Director General of the Bank of Italy since 2007.
For more information on him, see his profile at the Bank of Italy.
Congratulations to Thomas J. Sargent, who with Christopher A. Sims, was awarded the 2011 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their empirical research on cause and effect in the macroeconomy.
He was a member of the Penn Economics faculty from 1970-1971. He is a member of the Penn Institute for Economic Research (PIER) Advisory Board and in February 2004 was a Martha & Jonathan Cohen Distinguished Visitor.
We congratulate our former graduate student, Lars-Hendrik Röller, PhD 1987, who was appointed Director General of the Economic and Financial Policy Division of the German government by Chancellor Angela Merkel.
He is currently on leave from his position as President of the European School of Management and Technology (ESMT) which he has held since 2006.
The November 2009 issue of the International Economic Review marks the 50th Anniversary of the journal, which was founded by Lawrence R. Klein in collaboration with the late Michio Morishima.
Professor Oliver Williamson was awarded the 2009 Nobel prize in economics, along with Professor Elinor Ostrom, for his analysis of economics governance and of the boundaries of the firm. He was a member of the Penn Economics faculty from 1965-1983 (Associate Professor from 1965-58, Professor from 1968-83, and Charles and William L. Day Professor of economics and social science from 1977-1983). Much of the research for which he was awarded the Nobel prize was carried out during his time at Penn.
We congratulate our former graduate student, Ernesto Javier Cordero Arroyo, on his appointment as Mexico's Minister of Finance. He received his MA in economics from Penn in 1998.
We congratulate our former graduate student Alassane D. Ouattara, Ph.D. 1972, who was elected and recently installed as President of Cote d'Ivoire. His dissertation was "Trade Effects of the Association of African Countries with the Common Market."
In April, 2010, Professor Andrew Postlewaite won the Kravis teaching award for tenured faculty and Professor Flavio Cunha the award for tenure-track faculty, with Cunha winning for the second year in a row! The Kravis prize selections are made each year by a committee of undergraduate students who do extensive polling of Penn undergraduate economics majors. The Joel Popkin Graduate Teaching Prize in Economics was awarded to Stanislav Rabinovich.