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Northwestern Economic Students Attend Clinton Global Initiative University

December 6, 2018 – from December 03, 2018 | By Monika Wnuk
When Evan Taylor returned from a family trip over winter break as a sophomore in 2016, he wanted to exchange all the foreign coins he’d collected abroad. He quickly realized that currency exchanges won’t exchange foreign coins, leaving travelers with pockets of coins that become nothing more than souvenirs. Taylor researched alternatives and found UNICEF’s Change for Good program, which accepts foreign coins as donations. Back at Northwestern, he started to wonder what a similar program could look like in Chicago.

Martin Eichenbaum's column: State-dependent effects of monetary policy: The refinancing channel

December 6, 2018 – from Martin Eichenbaum, Sérgio Rebelo, Arlene Wong 02 December 2018
Mortgage rate systems vary in practice across countries, and understanding the impact of these differences is critical to the design of optimal monetary policy. This column focuses on the US, where most mortgages have a fixed interest rate and no prepayment penalties, and demonstrates that the efficacy of monetary policy is state dependent, varying in a systematic way with the pool of potential savings from refinancing. As refinancing costs decline, the effects of monetary policy become less state dependent.

Joel Mokyr receives Allan Sharlin Memorial Book Award for A Culture of Growth: The Origins of the Modern Economy

November 19, 2018
A $1,000 prize is awarded annually for an outstanding book in social science history to honor the memory of Allan Sharlin. Allen exemplified the finest traditions of social science history. His training and scholarship were broadly interdisciplinary and he used both quantitative and more traditional methodologies. Books published in the previous year are eligible for consideration.

Video Recording: A Conversation with Dr. Charles Evans, President of the Chicago Federal Reserve

November 7, 2018
Political Union and the Department of Economics welcomed Dr. Charles Evans, President of the Chicago Federal Reserve, to Northwestern University on October 23, 2018. Dr. Evans spoke in dialogue with Professor Eichenbaum about his experience serving as the President of the Chicago Federal Reserve and the crucial monetary policy issues surrounding the current economy. To view the recording of the event, please click the title.

Daley Kutzman, Scott Ogawa and Eric Schulz chosen to be on ASG Faculty Honor Roll

November 7, 2018

Over the course of the 2017-2018 academic year, Associated Student Government (ASG)
collected nominations for the Faculty Honor Roll from the student body. Nearly 200
students submitted faculty members, writing thorough and complex portraits of the
educators who make Northwestern the institution that it is. ASG wishes to honor the
work of the faculty whose dedication and care for students led to their inclusion on this
list. Economic Professors honored include: Daley Kutzman, Scott Ogawa, and Eric Schulz.

Read more about the award winners here.

Faculty hailed for prestigious awards

November 7, 2018
This fall, Northwestern honors members of the faculty who have brought distinction to the University by earning important external recognition in the past year. Recipients include Seema Jayachandran, Charles Manski, Joel Mokyr, Robert Porter, and Morton Schapiro.

Joel Mokyr Given Honorary Doctorate by the Uruguay University, Universidad de la República

October 26, 2018

Joel Mokyr has been given an honorary doctorate by the Uruguay University, Universidad de la República, in economic history. This is one more of many examples of his outstanding world-wide reputation. 

Joel Horowitz elected as a Fellow of the International Association for Applied Econometrics

September 27, 2018

Joel Horowitz was elected a Fellow of the IAAE in September. The IAAE fellows include a select leading group of researchers in the areas of theoretical and applied econometrics. The Fellowship position is reserved for economists who have made significant contributions in Econometrics, broadly defined. 

To read more about IAAE and the founding members, please visit their website.

Joel Mokyr receives the 2018 Elinor Ostrom Prize

September 18, 2018
The annual Elinor Ostrom Prize competition of £1000 is awarded to the best paper published in the Journal of Institutional Economics in the preceding year. The winner of the 2018 Elinor Ostrom Prize is Avner Greif and Joel Mokyr (2017) “Cognitive rules, institutions and economic growth: Douglass North and beyond” JOIE 13(1): 25-52.
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