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A Report from the Chair DEPARTMENT NEWSLETTER • UNIVERSITY OF COLORADO AT BOULDER • FALL 2007 A Report from the Chair Nicholas Flores FACULTY NOTES Lee Alston gave his presiden- Dear Alumni and Friends tial address to the Interna- I send greetings on behalf of the CU-Boulder tional Society for the New Department of Economics faculty and staff. In Institutional Economics in order to get the newsletter out before the Reykjavik, Iceland, in June arrival of the fall students, I am writing this 2007. He recently published the following: “Who Should mid-summer. Apart from the Shakespeare Govern Congress? Access to Festival and Freshman Orientation, campus is Power and the Salary Grab of quiet and so I find this a good time to reflect 1873” (with Jeffery A. Jenkins on some of the many exciting things that hap- and Tomas Nonnenmacher), pened in the department during the 2006– Journal of Economic History, September 2006; “Pork for 2007 academic year. At the time of last year’s Policy: Executive and Legis- newsletter, we were preparing for our depart- lative Exchange in Brazil” ment’s 50th anniversary celebration. This (with Bernardo Mueller), event, held in October 2006, was very well Journal of Law, Economics and attended with CU economics graduates, facul- Organization 22, Number 1 ty, staff, and friends spanning over 50 years. (Spring 2006): 87–114; “The “Case” for Case Studies in the Attendees were treated to great food, lively New Institutional Economics” economics panel discussions, and special address and a packed house cheered the grad- in New Institutional Economics: music and remembrances from Grammy uates as they prepared for the next phase of A Guidebook, eds, Jean-Michel Award winning musician and CU economics their lives. This was the largest economics Glachant and Eric Brousseau, graduate Don Grusin. Stay tuned for future graduation celebration in the history of CU. Cambridge, Massachusetts, Cambridge University Press, events that will bring together department As the profile and reach of our department 2007. During the past year, graduates, faculty, staff, and friends. expand, so do the opportunities for our gradu- Lee gave numerous presenta- ates. Our BA graduates continue to land inter- tions at conferences and uni- Student News esting jobs all over the world and gain accept- versities. The CU Department of Economics continues ance into graduate and professional programs Tania Barham made presenta- to extend its reach around the world. During in the world’s finest universities. Our PhD tions during the past academ- the past academic year, over 300 undergradu- graduates are increasingly receiving offers ic year at the American from research universities (see placement Society of Health Economists ate students received their BA in economics Conference and the Stanford and 30 graduate students received either an information in this newsletter), signaling that Institute for Theoretical MA or PhD in economics. Mid-December of the value of CU economics graduate training Economics: Health and 2006 ushered in a major blizzard just as finals is on the rise in the marketplace. Development Workshop. Her were getting underway. While all non-essential outreach activities to the Faculty and Staff News Ministry of Education of staff were instructed to stay home due to bliz- Yemen included a presenta- zard conditions, finals proceeded as sched- Professor James Markusen was named a uni- tion titled “Randomization uled. In the midst of all the excitement of fac- versity distinguished professor in recognition for Program Evaluation,” and ulty sleeping in their offices to proctor their of his distinguished scholarship, exemplary consultation on the Design finals and Boulder grocery store shelves grow- teaching, and exceptional service. Professor of Program and Evaluation ing bare, the department graduation ceremo- Markusen is one of just 34 faculty to hold this for Yemen Girl’s Education ny fell victim to cancellation. To make up for title across all three University of Colorado continued on page 2 the disappointment of this cancellation, the campuses. Keith Maskus, our previous depart- department held a joint winter/spring gradua- ment chair and Stanford Calderwood tion ceremony in the Glenn Miller Ballroom continued on page 2 on May 10. Professor Curtis Eaton (BA ’65, PhD ’69) delivered the commencement FACULTY NOTES (cont.) From the Chair, continued from page 1 ing the 2007–2008 academic year. Our third new hire is Professor Xiaodong Liu, who is Conditional Cash Transfer Endowed Professor of Economics, is the new joining us after completing his PhD at the Program, with research sup- associate dean of social sciences in the College Ohio State University. Professor Liu’s research port through the World Bank. Tania has secured the of Arts and Sciences. Kudos to Keith for his develops econometric models of social interac- CARTSS Scholar Program influential report, Reforming U.S. Patent tion and spatial econometrics. Professor Liu Grant and the Population Policy: Getting the Incentives Right, which was will teach econometrics during the 2007–2008 Center Development Grant published by the Council on Foreign academic year. to investigate the social and Relations. For more information, including a economic impacts of electric- ity provision in Brazil, with Washington Post editorial citing this report, State of the Budget and Financial A. Mushfiq Mobarak as co- see the News & Events section on our website Support principal investigator. (www.colorado.edu/economics). Upon return- For the short term, the financial picture for M ing from a year abroad as a Fulbright Scholar, CU has improved relative to three or four Professor Robert McNown is the new director years ago. Voters approved keeping tax dollars Ann Carlos was elected vice of the CU International Affairs Program. After president of the Economic in the state budget that otherwise would have History Association. Also, 41 years as an economics professor at CU, been returned to taxpayers under the Tax- she presented a paper at Frank Hsiao retired at the end of May and he payer Bill of Rights (TABOR). Some of these ‘Credible Commitment’? Re- is now a professor emeritus (see article in this retained funds are being directed toward Examining the Foundations newsletter). Terra McKinnish was promoted to of Trust in the English Public higher education, which has partially relieved associate professor with tenure. In early 2007, campus budget pressures. However in the Debt, Sawyer Mellon Con- Julia Perez retired from her position as gradu- ference, University of Cam- long run, we still face the reality that the state bridge, England, January ate program coordinator and Patricia of Colorado does not support CU at levels 2007. Holcomb joined us as the new graduate pro- enjoyed by our peer institutions such as the M gram coordinator in February. University of Texas or campuses in the Univer- Charles de Bartolomé present- The department successfully recruited three sity of California system. Growing departments ed the paper “The Race to new assistant professors during the academic like ours desperately need more faculty in the the Suburbs: the Location of year, which is quite an accomplishment. This is classroom while steadily increasing enroll- the Poor in a Metropolitan the first time in my 12 years at CU that we ments are creating a critical classroom short- Area” at the Regional Science have added a new faculty position, which is age across the campus. This leads me to my Association Meetings in Tor- onto, Canada, in November noteworthy because in that period, the num- final topic, your financial support. 2006; the University of ber of undergraduate majors has increased The quality of public education at CU is high- Connecticut in April 2007; from approximately 300 to over 900. Francisca and the Association of Public ly dependent on the financial support of Antman joins us in fall 2007 after completing alumni, alumni families, and friends of the Economic Theory, Nashville, her PhD at Stanford University. Professor Tennessee, in July 2007. university. In all likelihood, this dependence Antman’s research lies at the intersection of M will only intensify in the years to come. For development, labor, and public economics. In this reason I ask you to support CU. While you Ufuk Devrim Demirel has pre- her dissertation research, Professor Antman can choose to support the university broadly, sented papers at the follow- applies economic theory and econometrics to ing events: the annual meet- you can also direct your contributions to the explore the impact of U.S. migration on Department of Economics. You will find giving ings of the Society for Com- Mexican families. Professor Antman will teach putational Economics, information on page 11 of this newsletter. Montreal, Canada, June development economics and labor economics Your contributions help us maintain a compet- 2006; annual Midwest Macro during the 2007–2008 academic year. Martin itive edge in education, research, and service. Theory Meetings, Federal Byford joins us in fall 2007 after finishing grad- Reserve Bank of Cleveland, uate work in economics at the University of Thank you. April 2006; and annual Melbourne. Professor Byford is a microeco- Eastern Economic Associa- Nicholas Flores tion meetings in New York, nomic theorist with specific research interests February 2006. in industrial organization and game theory. In his dissertation research, Byford translates Also, he has served as a judge for the FED Challenge which theoretical models of non-transferrable
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