DEPARTMENT OF ECONOMICS NEWSLETTER

Department of Economics Newsletter

June 2020 (R.Moffitt, Editor)

GENERAL DEPARTMENT NEWS

They say that every year is unique, but this Wright gave a Zoom Lecture on “The The Department was well represented at the one has been more “unique” than most. The Macroeconomics of COVID-19.” AEA Meetings in January, 2020 in San Diego. University has been under lockdown since Among the faculty, Greg Duffee, Olivier mid-March, with only essential personnel Before the March shutdown, the Department Jeanne, Yingyao Hu, Matthew Kahn, allowed on campus. All classes went online enjoyed its normal research, instructional, Robert Moffitt, and Richard Spady were on and almost all undergraduates returned and social activity. In September, we the program and Nick Papageorge and home, often to their countries of origin. The welcomed two new faculty members: Jonathan Wright were in attendance. The State of Maryland enacted a stay-at-home Lixiong Li, Assistant Professor coming from traditional cocktail party and alumni order which has only recently been modified Penn State, and Matthew Kahn, arriving reception also drew more than 50 current to a safer-at-home order, although not in from USC as a Bloomberg Distinguished and former graduate students and faculty, Baltimore City. The University Professor. Professor Kahn was also with those attending having the opportunity undergraduate Commencement as well as appointed as Director of the 21st Century City to say hello to old friends and to make new the Ph.D. award ceremony were both held Initiative, a JHU-wide effort to bring the ones. We will be having another in January, virtually. The University is facing a major expertise of JHU faculty to the problems of 2021 in Chicago (inshallah). Mark it on your financial crisis and does not know what form cities in general and Baltimore in particular. calendars. the Fall semester will take. Of particular Also joining us in September was Brendan concern for our graduate students who will Daley as the Ralph S. O’Connor Associate Our annual Richard T. Ely Lecture this year be on the market next year is whether there Professor, arriving from the University of was given in February by Susan Athey will be many universities doing any hiring, Colorado. New Assistant Professor Yujung (poster below) from , who since many are facing revenue shortfalls. Hwang arrived in the Department in January, gave three stimulating lectures on “Machine from Yale. Learning in Economics: Methods and Closer to home, the Economics Department Applications.” For more details, including has had to cancel several conferences that A goodbye reception was held at the Faculty the Lectures themselves, see are ordinarily held in the Spring. All visiting Club in September for our retiring IT https://econ.jhu.edu/research-areas/ely- speaker seminars were cancelled. However, administrator, Nina Agopian, with many lectures/. graduate student presentations continued in testimonials and happy memories recited. virtual format. Graduate courses were all conducted online. Below: Nina with Donna and former JHU faculty member Joe Harrington. Several of the faculty have contributed to writing on the COVID-19 pandemic and the associated economic crisis, including Professors Barbera, Kahn, Moffitt, Norris, Papageorge, and Wright. Their writings can be found on the Economics website at https://econ.jhu.edu/2020/04/23/economics- A new development in our undergraduate faculty-offer-expertise-on-the-economic- program was the formation of an Economics implications-of-covid-19-pandemic/. The Club, supervised by faculty coordinator Economics Department also co-sponsored a Somasree Dasgupta. Here is a photo of their lecture on Triage Protocol Design by Tayfun first meeting in March, a networking session Sonmez, which was held in virtual format in with Economics graduate students: early May. Professor Papageorge engaged with a JHU epidemiologist, David Dowdy, on the different perspectives each brought to the COVID-19 crisis as well. Jonathan DEPARTMENT OF ECONOMICS NEWSLETTER 2

his first year at Johns Hopkins. In addition to World Economy at Peking University in his research, he developed new courses on Beijing last May. the economics of real estate (undergraduate) and on information in large markets Edi Karni, the Scott and Barbara Black (graduate). Professor of Economics, presented “Probabilistic Sophistication without Somasree Dasgupta was promoted from Completeness” at two conferences last Lecturer to Senior Lecturer this year. She summer, the D-TEA 2019 conference in Paris taught International Trade as well as courses and the Inaugural Conference on Behavioral, on “Rich Countries, Poor Countries” and “The Biological and Experimental Economics in Economics of the BRIC Countries.” Soma also Chengdu, China. He also presented joint organized the first undergraduate Economics work with graduate student Yen-lin (Eric) Club for the Department this year. Chiu, “Competitive Equilibrium Fraud in the For the second year, the Department Markets for Credence Goods,” at the Paris sponsored a series of lunch seminars for Greg Duffee, the Carl Christ Professor of Game Theory seminar and at SHUFE in undergraduates introducing them to the Economics, gave talks at American Shanghai. world of economic research. The seminars University and the University of Guelph this were given by faculty and graduate students, year. Matthew Kahn, the Bloomberg speaking about their research, and the series Distinguished Professor of Economics and Marcelo Fernandez gave talks at the Match- is coordinated by Barbara Morgan and Nick Business, gave a keynote address at the Up conference in Switzerland, the Papageorge. World Bank in September and the Rice Conference on Economic Design in Hungary, Lecture at the NYU Wagner School in In other news, I was honored to assume the and the North American Summer Meetings October. He also published an Amazon Chairmanship of the Department this of the Econometric Society. Kindle Book, Price Theory Problems, in academic year, which has been a rewarding January. Yingyao Hu gave talks at Ohio State experience. University and University of Southern Ali Khan was a plenary speaker at the To keep up with developments in the California, and particularly enjoyed coaching Positivity X conference in Pretoria where he Department as they happen, keep track on his daughter in the annual North America reported results obtained by Niccolo Urbinati the department website, Table Tennis Teams Tournament during the and JHU grad Metin Uyanik. He also http://www.econ.jhu.edu/. Thanksgiving weekend. participated in the 19th Annual SAET Conference last summer and introduced John Muhammad Husain was promoted from Geanakopolos for his "Lionel McKenzie Lecturer to Senior Lecturer this year. He Lecture." FACULTY NEWS taught Microeconomic Theory, Econometrics and Labor Economics to over 200 Lixiong Li gave talks last Fall at UW- undergraduate students and also advised 30 Madison, University of Pennsylvania, juniors and worked as co-supervisor on a University of Maryland, and at the Greater Larry Ball was the Wim Duisenberg Fellow at senior thesis. One of his working papers, New York Metropolitan Area Econometrics the European Central Bank in the Fall of collaborating with the CDC and the WHO, Colloquium. 2019. received a R&R in Tobacco Control. And his second child, Saheem Husain, was born on Robert Moffitt, the Krieger-Eisenhower Bob Barbera wrote a blog on the oil market, December 6. Professor of Economics, published a paper in OPEC, and related issues. Quantitative Economics in November with https://cfe.econ.jhu.edu/saudis-russians- Yujung Hwang did a post-doc at the Yingyao Hu and Yuya Sasaki. He is co- chineseand-greens-four-dimensional-chess- University of Geneva and was awarded a organizing a virtual conference in June in time-corona/ HCEO dissertation prize from the University Berlin for the Society of Labor Economists. of Chicago. She gave talks at Chicago, UCL, Filipe Campante, Bloomberg Distinguished University of Lausanne, ASREC European Barbara Morgan continued as faculty advisor Associate Professor joint with SAIS, has been Conference, HCEO Conference, and the for the popular EPIC (Economic Policy Issues appointed Vice Dean for Education and OECD Annual Conference on Immigration. Colloquium), an undergraduate policy Academic Affairs at SAIS. She is scheduled to give virtual talks at the workshop that introduces students to diverse SOLE meeting and Econometric Society Chris Carroll gave the keynote address at the perspectives in the discipline. Topics World Congress this summer. She was 6th Conference on Household Finance and presented this year included mechanisms for awarded two research grants from the Consumption in Dublin in December. allocating public school slots, incentives in Hopkins HBHI initiative and the Hopkins U.S. Welfare programs, perspectives on Ying Chen presented her work on vote Population Center to conduct research on Medicare for All, and the urban economics of buying at the Wallis Conference in Political anti-Asian racism. Baltimore. Economy at University of Rochester and at a Olivier Jeanne organized a visit of the Political Economy Nicholas Papageorge, the Broadus Mitchell Conference. She became an Associate Editor International Monetary Fund for graduate Associate Professor of Economics, will students in October. He also presented at at Journal of Mathematical Economics. deliver a plenary address at the virtual World paper, “Currency and Trade Wars” at the Congress of the Econometric Society this Brendan Daley, the Ralph S. O'Connor NBER-CCER Conference in China and the summer. Associate Professor of Economics, enjoyed DEPARTMENT OF ECONOMICS NEWSLETTER 3

Ludmila Poliakova, in addition to continuing at the New York Times, taught “Rethinking Below: Photo of Mateo Velasquez-Giraldo teaching Macroeconomic Theory and Economics After the Great Recession” and Monetary Analysis, has designed and taught “Financial Writing and Analysis.” Giovanna a new course this year, Economics of Maria Dora Dore taught courses for us on Transition and Institutional Change. The “The Informal Economy” and “Migrating course introduced students to the Opportunity.”. And I would also like to thank comparative analysis of institutions of the Barclay Knapp for his long-taught course for existing economic systems and to the us on Managerial Economics and Business historical evolution of those institutions. The Strategies. course was successful with 15 students (the cap for this course).

John Quah helped to organize the 2019 NSF/NBER/CEME Conference on GRADUATE STUDENT NEWS Mathematical Economics at Berkeley. It was held in honor of his advisor, Robert M Anderson. He also presented a paper at that The Department welcomed the incoming conference on extensions of stochastic first-year students in September with a party dominance. A paper of his on testing which faculty and other graduate students procedures for models of decision making attended. A photo gallery from the party is under uncertainty was accepted at the available at American Economic Review, after a decade- https://econ.jhu.edu/2019/09/23/new- long gestation. Elephants are known to take doctoral-students-welcome-party-6/ and The Bruce Hamilton Research Seminar less time. one photo is included here: Award is given to the advanced graduate student who has demonstrated the best Richard Spady gave two talks at Oxford this Below: Professor Li with several students. performance in one of the department’s Fall, one in the Nuffield Econometrics research workshops. Again funded by Seminar and one at the Institute of Eugenio and Patricia Castillo, it is named in Quantitative Finance. honor of Professor Emeritus Bruce Hamilton Jonathan Wright was an invited speaker at who was well-known for his insightful and several conferences this year, including the clever comments at seminars. This Spring’s University of Southern California, the Federal award went to Prerna Rakheja for her Bank of Chicago, and the IMF annual remarks, comments, and questions at our research conference. workshops. Below: Photo of Prerna Rakheja. I would also like to update you on news about Louis Maccini, Professor Emeritus, retired from the Hopkins in 2013 who spent his In November, a group of our graduate entire career in the Department. He and his students visited the IMF in Washington for a wife moved to Ann Arbor, MI to be closer to day, talking about research and career their grandchildren as they are growing up. opportunities. Photos can be seen at He is no longer teaching--an activity that he https://econ.jhu.edu/2019/11/01/jhu-phd- thoroughly enjoyed--and he is no longer students-visit-the-imf-in-washington-dc-to- serving on committees. However, he is still learn-about-careers-opportunities-and-jobs/. very active in research. Last Fall, he The occasional student broke down and wore published a paper in the Journal of Money, a tie or formal dress. Credit and Banking. And he is now actively working on a research project that As noted in previous newsletters, the incorporates time-to-build into the supply- Department has several funded awards to side of investment decisions on plant and honor some of our most accomplished equipment. He is very much enjoying this graduate students. The Eugenio and Patricia work. However, he very much misses Castillo Award is given to the student or Hopkins! In particular, he misses the students who displayed the best collegiality that he enjoyed with students performance in their first two years in the and faculty both in the Economics graduate program. The 2019-2020 recipient department and in University as a whole. is Mateo Velasquez-Giraldo.

We also enjoyed having three visiting faculty who taught courses for us this year. Kevin Heerdt taught courses on “History and Future of the Hedge Fund Industry” and “Information and Investing.” Floyd Norris, retired from Chief Financial Correspondent DEPARTMENT OF ECONOMICS NEWSLETTER 4

Below: Photo of Sahan Yildiz. Below: Photos of Tao Wang, Qingyang Han Hearty congratulations to all these graduate and Melih Firat. students, who exemplify the best of the Johns Hopkins graduate program.

Three students have successfully defended their dissertations in oral examinations since our last Newsletter. They are Hanchen Jiang, Shujaat Khan, and Jianhui Li. A few pictures of the students and their examining committees are shown below (the first one shown was by Zoom).

Below: Photos of Committees for Hanchen Jiang, Shujaat Khan, and Jianhui Li.

Two other awards were also given this year. Sahan Yildiz received the Carl Christ award, given to an outstanding student at the dissertation level in the program, and Emma Kalish received the Guggenheimer Award, given to a student who has exhibited exceptional performance in his or her Ph.D. research.

Below: Photo of Emma Kalish.

This is visual proof that it is possible to The Professor Joel Dean Undergraduate successfully complete a dissertation. Teaching Award was established in 2009 to recognize graduate students who exhibited The Department placed three students on extraordinary performance in teaching the job market this year, including Sue Bahk, Hopkins undergraduates. This award was Hanchen Jiang, and Osama Khan. They creatively conceived by Professor Dean’s son have accepted positions at American Joel and his wife Monia. Professor Dean University, the University of North Texas, received his Ph.D. in Economics from the and the University of Rochester (post-doc). I in 1936 and was a wish them the best in their future careers. pioneer in applying economics to business decision-making. The 2019-2020 recipients Many of our other graduate students had are Melih Firat, Qingyang Han, and Tao notable activities this academic year. Julien Wang. Acalin attended a 3-day seminar, the Princeton Initiative: Macro, Money, and Finance, in September. Derin Aksit DEPARTMENT OF ECONOMICS NEWSLETTER 5

attended the ASSA Annual Meeting in San Alan Sorkin (Ph.D., 1966) received the minute. They have cocktails on zoom once a Diego with the American Finance Heritage Award from John Hopkins week from Mauritius. So they are very Association’s PhD Student Travel Grant and University for "exceptional and devoted fortunate for the family and to be in had papers accepted in the Western service" in October. The award was confinement there ---and he should add to Economic Association’s Annual Conference, presented at the B&O Railroad Museum. have avoided the truly deplorable handling, the Trans-Atlantic Doctoral Conference of most notably in the US---there, during the London Business School, the APPAM John Hartwick (Ph.D., 1969) reports that, lockdown, doctors would often give Regional Student Conference, and the within weeks of retiring after 50 years at chloroquine + antibiotic for a few days by annual Congress of the European Economic Queen's in Ontario, in the summer of 2019, phone to patients staying at home (they have Association. He also presented a paper at the Elgar urged him to write a book on national a total of 332 cases, 10 deaths and all 316 JHU Carey Business School. Aniruddha accounting, and then months later the recovered). Arguably, good old chloroquine Ghosh attended a summer Institute at Duke Queen's department became aware of his for malaria has a part in the better stats in as a fully-funded Institute Scholar and forthcoming article on global warming with Africa so far. He wishes the best to all, and attended a fully-funded open-source macro Tapan Mitra and asked him to remount his invites anyone to email him about his camp at the University of Chicago with 24 graduate course that has much on research at [email protected]. other students from leading universities. sustainability. Suddenly the virus, presaging Emma Kalish coauthored a research brief a huge retrenchment no doubt in the econ. Susan Vroman (Ph.D., 1977) is still at with Nick Papageorge on the COVID-19 department... a re-retirement in the works, Georgetown and, like everyone else, has had pandemic. Yusuf Kulu is the proud father of presumably...... to move her classes to Zoom since March his baby girl, Ayse Betul Kulu, born on 17th of and to administer her exams online. In March November, 2019. Pavel Solis worked as a G.S.Gupta (Ph.D., 1971) graduated in when Georgetown went to remote learning, Ph.D. intern in the Financial Stability Division 1970/1971 with the Ph.D. from the Dept. she and her spouse, Jim Albrecht (also in the at the Bank of Mexico last summer. Tao During June 1970 to April 2003, he was a Econ Dept at Georgetown) moved to coastal Wang supervised a biweekly Macro/Finance tenured Faculty (Asst. Professor for first four Downeast Maine where they have a summer Brownbag Lunch Seminar with the goal of years and Professor/ Bank of Baroda Chair house, which fortunately is insulated and fostering semi-formal academic discussions Professor subsequently) at the Indian heated. It is quiet and productive. They are and improving presentation skills of graduate Institute of Management, Ahnedabad (IIMA). on an island and haven't seen too many students, and had papers accepted at two Also, he had the honor of rejoining IIMA on people. conferences. invitation as a Professor on contract for full- time during Oct 2006 through March 2010. In Craig Thornton (Ph.D., 1978) is retired from Several other students attended the January between, while on leave from IIMA, he was a Mathematica but is the president of the 2020 meetings of the AEA in San Diego and full-time Visiting Professor at Illinois State Society for Benefit-Cost Analysis this year. came to the Departmental Reception. University for five semesters at varying terms He put together a webpage that lists a lot of during 1982-1990 and Professor at University the material about using benefit-cost But the really big graduate program news Sains Malaysia for a total of about two and a analysis to assess various ways to respond to this year: the Department Intramural half years during 1993-94 and 1997- 99. Post the COVID-19 pandemic: Basketball Team won the JHU Intramural 3- superannuation from IIMA, he was Dean/ http://host8.viethwebhosting.com/~sbca/red on-3 basketball championship! The second Professor of Eminence at Institute of esign/covid-19_benefit_cost_analysis.php. In time in the last 4 years. Check out photos: Management, Nirma University for about October the Society is going to try to deliver https://econ.jhu.edu/2019/12/18/congratulati first 20 months, and subsequently he has a micro-conference online. They had to ons-to-our-department-basketball-team/. been an Independent Management cancel their European conference due to the Consultant, wherein he has rendered services virus, but the keynote speakers, Jason at six IIMs, a couple of IITs, several other Shogren and John Hassler, agreed to give educational institutions and a public sector online talks. Jason did one of the first ALUMNI NEWS corporation as an Independent Director for benefit-cost analyses of social distancing. He is going to talk about that study and about 10 years, and has revised his books on Macro Economics and Managerial Economics. His the challenges of trying to inform Margaret Elaine Wache Greenbaum and wife, Lalita, and he are blessed with three decisionmakers when you don’t have nearly Stuart Greenbaum, PhD students at JHU’s children and six grandchildren. They are all the data you would like. Department of Political Economy in the early settled in USA, Switzerland and UAE. The Mohamad Elhage (Ph.D., 1992) retired from 1960’s, remain in retirement in St.Louis MO. children are all are doing well and they are the IMF at the end of May after 27 years, and Stuart served as dean of The Olin School of proud of them. His wife and he continue in June started a new position as the business at Washington University from living in Ahmedabad and, like everyone else Strategic Advisor for the Central Bank of 1995-2005 and retired in 2007. A 20-year in the world, are currently under lockdown Somalia (CBS). In that capacity, he has been stint at the Kellogg School of Management and praying for the early exit of coronavirus. advising the CBS governor and senior staff at Northwestern University preceded their on macroeconomic and monetary issues and joining Washington University in STL. They Jaime de Melo (Ph.D.,1975) has been living helping the CBS move to a functional-based would be interested in hearing from JHU mostly in Mauritius for the past 2 years and organizational structure. Since retirement, contemporaries inclined to write, decided to stay there since early March. The he has been able to spend more time with his [email protected] , or phone, 314 882 government there played it very safely with a family and in travel. 7834. They are open to Facetime, ZOOM or hard lockdown for 7 –going to 10—weeks where they have spared their weak hospital alternative modern communications Ugo Panizza (Ph.D., 1997) has been technologies. facilities. His 3 daughters – in NY, Madrid, London—made it back to Geneva at the last appointed vice-president of CEPR in London, DEPARTMENT OF ECONOMICS NEWSLETTER 6

mostly in charge of CEPR policy-related seemed to have impact on executive orders Kelly said the merging companies’ economic research activities and Director of the related to trade agreements. On the expert, Hill, persuasively testified that the International Centre for Monetary and personal front, her daughter is graduating strategic decision to sell more of certain Banking Studies in Geneva (Larry Ball once from the School of the Cathedral and starting products than others does not quality as wrote a report for ICMB, when the director her high school journey at Bryn Mawr in supply-side substitution.” was Charles Wyplosz). Baltimore. Silvio Contessi (Ph.D., 2007) won a Yang Zhao (Ph.D., 1998) lives in New Jersey. Danny Gubits (Ph.D., 2005) was the lead prestigious grant, the Australian Research She has been in the healthcare industry for author on an article in the Journal of Policy Grant Discovery Project on “Gross Credit over 21 years, in the pharmaceutical industry Analysis and Management called "What Flows and Credit Reallocation” with Raoul since 2003, and has worked for Eli Lilly and Interventions Work Best for Families Who Minetti (MSU) and Mei Dong (Melbourne). Company, Novartis, and San Pharma. She is Experience Homelessness? Impact Estimates a Senior Director of Health Economics & from the Family Options Study". It was Sandeep Mazumder (Ph.D.,2009) was Outcomes Research (HE&OR) with Kyowa awarded APPAM's Vernon Memorial Award promoted to Full Professor at Wake Forest, Kirin Pharmaceutical Development, Inc. She for best article in JPAM in 2018. He also effective this July 1. is building the HE&OR capabilities to support reports that he and his family are doing well, product development and commercialization with some emotional ups and downs, Viplav Saini (Ph.D. 2009) has become a in nephrology, immunology, oncology, and working and schooling from home. He had Clinical Research Professor in the Economics central nerve system. already been working from home two days a Department at NYU, and is glad to be in New week, so was already set up for this. His wife, York. Xue Song (Ph.D., 2000) enjoys conducting Sarah, has adjusted to giving therapy by health economics and outcomes research at Zoom. His daughter Natalie is just in first Guofang Huang (Ph.D., 2011) moved to the IBM Watson Health. She is happy to lead a grade, so the academic stakes are low. She Krannert School of Management, Purdue real-world study on COVID-19 to help with gets math class three times a week, and University in the summer of 2018, as an clinical trials on treatment. Her husband, reading two times. Just 30-45 minutes of assistant professor of management. He Junfu Zhang (Ph.D., 2001) was promoted to Zoom school per day for her. planned to go up for tenure promotion in the full professor at Clark University two years Fall but has postponed it by one year. He is ago, and is currently serving as president of Katheryn (Kadee) Russ (Ph.D.,2005) I glad to share that a chapter of his thesis on the Chinese Economists Society. They live received a university-wide award, the UC the structural estimation of production with their two boys, 16 and 8 years old, in Davis 2020 Academic Senate Distinguished functions, coauthored with Prof. Yingyao Hu Hopkinton, Massachusetts. Scholarly Public Service Award, for service at and Prof. Yuya Sasaki, has finally been CEA and publicly engaged scholarship since published in the Journal of Joseph (Joe) Gruber (Ph.D., 2001) has been returning Econometrics: https://www.sciencedirect.co appointed Research Director at the Kansas (https://katherynruss.weebly.com/media- m/science/article/abs/pii/S030440761930202 City Federal Reserve Bank. mentions.html). 7?via%3Dihub. His wife, Shuna, works for PNC Bank remotely. He has two daughters, Julie Smith (Ph.D., 2002) has been promoted Nicholas Hill (Ph.D., 2006) was nominated Sophia (8) and Eloise (5). They both like to Full Professor at Lafayette College (the winner will be announced in October; playing chess and Sophia is also very good at effective this July 1. COVID-19 delay) as a candidate for global gymnastics. Robert Tchaidze (Ph.D., 2002) is finishing his competition economist of the year by Global James Lake (Ph.D., 2012) reports that he and three-year term as the IMF Resident Competition Review.The nomination his wife, Nicole, had their second child on Representative in the Palestinian Territories statement said “after working as an May 13 2019. His name is Owen James Lake. (West Bank and Gaza). His daughter has economist at the US Federal Trade Commission and the Department of Justice’s recently turned three and his son was born Maia Linask (Ph.D., 2012) has been keeping there a year ago. A two-month lockdown antitrust division – where he rose to assistant chief of the competition policy section - in busy. Son Olev Indrik joined their family in with a very active toddler and a baby that the summer of 2017, Maia was granted wants to stick his nose into every corner of 2017 became a principal in the competition practice at Bates White. Since then, he has tenure at the University of Richmond in the house is tricky, but he and his wife are spring 2018, and daughter Maarika Kersti managing. They have enjoyed their stay in quickly become one of the prominent and successful testifying economists in court joined their family in the fall of 2018. The late Jerusalem and appreciated being close to spring of 2020 has been spent on some Georgia, their home country, and are now matters involving the US antitrust agencies. In 2019, the FTC was able to wring combination of research, referee reports, looking forward to going back to D.C. and playing with toy cars, and reading books reconnecting with their friends there. concessions from the Tronox/Cristal merger after winning a preliminary injunction against about animals. Maia is also helping to organize DivEc, a conference hosted by the Gergana Danailova-Trainor (Ph.D, 2004) I the deal, for which the judge said Hill’s Richmond Fed that supports undergraduates participated in a few human trafficking conclusions were “more consistent with the studying economics in the interests of research panels at UNODC and the business realities”. Judge Richard Leon promoting diversity in the discipline. If International Conference on Human allowed the DOJ to complete its settlement anyone in the fifth Fed district has interested Trafficking Research, published a paper with of a challenge to CVS Health’s acquisition of students please contact Maia at several co-authors in International Lawyer Aetna following an unprecedented Tunney [email protected]. titled “Beyond Good Intentions: New Act hearing that included Hill’s expert opinion in favor of the remedy. And when Legislation on Foreign Aid Effectiveness”, Sangah Lee (Ph.D., 2017) is working at Evonik and PeroxyChem snapped the FTC’s and participated in several GAO reports on Kookmin University in Seoul, South Korea, as international procurement agreements that merger trial winning streak, Judge Timothy DEPARTMENT OF ECONOMICS NEWSLETTER 7

an instructor. Sangah reports that she is A NOTE OF APPRECIATION eight-months pregnant, and expecting her first baby in mid-July. :) She and her husband hope that the Coronavirus pandemic settles down before she is born. Finally, I would like to thank those graduate alumni of the Department who have Shaiza Qayyum (Ph.D., 2019) has moved to generously made gifts to the Department in San Francisco for a new job as a data the last year (in addition to those noted in scientist/economist at Uber. Last year she last year’s Newsletter). They include had a baby boy, Emaad. Yonghong An, Cristian DeRitis, Eugenio Diaz-Bonilla, Julie and Steve Hudson, Bruce Jaffee, Catherine Schneider, Julie Smith, Xue Song, Ruli Xiao, Wei Xiao, STAFF NEWS Kevin Yuan, and Yang Zhao. These donations go directly to graduate student support for Research Assistant supplements, lunches for the graduate student reading We welcomed a new IT Administrator this groups, and related activities. The year, Alan Fisher. Welcome, Alan! And we Department seems never to have sufficient have been fortunate to have our other three funds to support these activities, so staff members continue this year. They are donations by our graduate alumni are Donna Althoff, Jennifer Miller, and Kasey exceptionally valuable. Please consider a gift, Bocek. Donna, our long-standing which you can make either by sending a departmental administrator, began her 36th payment to Ms. Donna Althoff, Wyman year with the Department in January. Building 544E, Department of Economics, Jennifer reports on the current lockdown, , 3400 N. Charles saying that her daughter adopted a rescued Street, Baltimore MD 21218, or by donating greyhound, sweet and adored by the whole online at http://krieger.jhu.edu/giving, where family, and that other family members will you should click on “give now,” then “secure be adopting a dog now soon. She also online giving form” and designate that your reports missing working with everyone in the gift be given to “Other” and then to department after being home because of a “Economics Department.” medical leave as well as the COVID-19 lockdown. Jennifer is looking forward to Yingyao Hu, Chair doing more photography when things ease up. Kasey reports that she and her boyfriend bought a house in Belair in November, and that she has been enjoying the opportunity to paint and draw during the lockdown.

DEPARTMENT JACKET

The Department this year sponsored a handsome jacket with the logo “Johns Hopkins Economics”. Faculty and students can be seen wearing them around the Department and at conferences, where others often remark on them favorably. Orders can still be made from https://www.logosoftwear.com/mySavedDes ign.php?c=b176c4a351edd681bc619c8a59173 b13&utm_campaign=designlinks&utm_medi um=send_design_desktop_new&utm_source =design_link.