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Martí Mestieri article: The new globalisation and income inequality

May 21, 2019 – from VOX, with Sergi Basco, Universitat Autònoma Barcelona
Trade in intermediates (or ‘unbundling of production') and trade in capital have become increasingly important in last 25 years. This column shows that trade in intermediates generates a reallocation of capital across countries that exacerbates world inequality in both income and welfare. Unbundling of production hurts middle-income countries but helps those with high productivity. Trade in intermediates also increases within-country inequality, and this increase is U-shaped in the aggregate productivity level of the country.

Gaston Illanes appointed as a Faculty Research Fellow for the NBER

May 3, 2019
Faculty research fellows (FRFs), who are appointed by the NBER president, also must hold primary academic appointments in North America. They also are recommended by program directors and their steering committees in the culmination of a highly competitive process. Candidates are evaluated based on their research records and their capacity to contribute to the NBER's activities.

Alumnae Panel a success!

April 22, 2019
Undergraduate students were treated to an insightful dialogue focused on career advice relating to risk taking, resilience, and perseverance.

Morton Schapiro's Opinion Piece: American democracy is ailing. Thinking like an economist can help.

April 18, 2019 – from The Washington Post
The great challenge for economists today is to find new and better ways to make their cases, with the goal of kindling a general appreciation of essential economic ideas such as incentives, trade-offs, marginal utility and revealed preferences. Learning to practice the dispassionate analysis of data would be helpful, too. Citizens making informed choices are good for the health of democracy, and lately American democracy has been ailing.

Northwestern Economics Tournament (NET) Hosts Third Annual Event

April 11, 2019
The Northwestern Economics Tournament (NET) hosted its third annual tournament on Saturday, April 6, 2019 at the Kellogg Global Hub. The event, sponsored by the Department of Economics, hosted 16 high school teams from the Chicagoland area, Minnesota, and Ohio to participate in a day filled with quiz bowls and lectures from our distinguished faculty and PhD students.
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