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Anna Mikusheva Anna Jacobson Schwartz Published triennially by the American Economic Association’s Committee on the Status of Women news in the Economics Profession FALL 2013 IN THISCSWEP ISSUE A Celebration of the Life of Feature Section Anna Jacobson Schwartz Marjorie B. McElroy NBER Anna J. Schwartz Memorial Sofitel Hotel, New York City The April 2013 NBER memorial service April 21, 2013 for Anna Schwartz provided a picture of Welcome by James Poterba.. .. 3 a truly exceptional economist working Remembrances by for the first four decades of her career Michael Bordo . 4 in an era when women went largely un- Martin Feldstein . 5 recognized, even one who made contri- Alan Greenspan ... ... ... ... 6 butions the magnitude of Schwartz’s. Allan Meltzer .. .. .. .. ..6 Yet against all odds she managed to Edward Nelson ... ... ... ... 7 practice the profession she loved at the William Poole . 8 highest level, to make fundamental Eloise Pasachoff . 9 contributions to academic economics, Christina D. Romer ... ... ...11 to influence key policy debates, and to embed all of this into a rich family life. CSWEP Chair’s Letter About the time Schwartz was turn- ing 65, the status of women in the pro- From the Chair by Marjorie B. McElroy . 2 fession was beginning to improve. And at age 91) were her major lifetime hon- so, while she never held an academ- ors. Not bad, but not enough for “one of Tributes & Commendations ic appointment and while appropriate those few economists who changed our recognition never caught up with her, understanding of the world.” Hence, Interview with Anna Mikusheva at age 78 she was made a Distinguished the feature section of this issue is de- by Nancy Rose . 1 Fellow of the American Economics As- voted to preserving the memory of her Brag Box... ... ... ... ... ..20 sociation and at age 92 a Fellow of the achievements and her life as intro- Board Member Bios American Academy of Arts and Scienc- duced by NBER President James Poter- es. These, plus nine honorary degrees ba and told by the eight distinguished Cecilia Conrad . .13 (with the most prestigious from CUNY speakers at her memorial service. Kevin Lang ... ... ... ... .. 14 CSWEP @ AEA/ASSA Meetings Interview Paper Sessions . 16 Anna Mikusheva Event Schedule. .17 Mentoring Breakfasts .. .. ..17 Calls & Announcements Nancy Rose The Elaine Bennett Research Prize was estab- AEA/ASSA. 19 lished in 1998 to honor outstanding research in MEA . 19 any field of economics by a woman at the begin- SEA ... ... ... ... ... ... .. 19 2012 Elaine Bennett Research Prize ning of her career. Anna Mikusheva was awarded WEA .. .. .. .. .. .. 19 Winner, Anna Mikusheva, this prize in 2012 in recognition of her important CSWEP 2015 Sessions . 19 the Castle-Krob Career Development contributions to econometric theory. Her research 2014 Summer Fellows . 19 Associate Professor of Economics at MIT combines a powerful command of econometric continues on page 15 Subscribe for free @ CSWEP.org Forward the CSWEP News to colleagues and graduate students. About the Authors Michael Bordo is the Federal Reserve Board of From the Chair Governors Professor of Economics at Rutgers University and a Research Associate at the Na- tional Bureau of Economic Research. First, thanks to NBER President James Poterba for spon- Cecilia Conrad is the Vice Pres- soring the Memorial Service for Anna Schwartz and, at ident, Fellows Program of the MacArthur Foun- the conclusion of the service, immediately grasping the dation. She is a former Professor of Economics merit of publishing the remembrances in this issue of the and Vice President and Dean of the College of CSWEPNews, and greatly facilitating their publication here. Pomona College and a member of the CSWEP Board. Second, if you are a senior graduate student or junior fac- ulty member, note that applications are open for the Sum- Martin Feldstein is the George Baker Profes- mer Fellows Program. Details available at cswep.org. sor of Economics at Harvard University and Re- Third, you are invited to all CSWEP events at the 2014 search Associate and President Emeritus of the National Bureau of Economic Research. AEA/ASSA Meetings in Philadelphia. Full details are avail- able in this issue and through cswep.org. Alan Greenspan is the former This year’s highly competitive submissions produced a Chairman (1987–2006) of the Federal Reserve total of 24 excellent papers organized by Serena Ng and Pe- Board of Governors, and the former Chairman tra Todd into three sessions on econometrics and by Kevin (1974–1977) of the Council of Economic Advisers. Lang and Susan Averett into three on gender-related issues. Kevin Lang is a Professor of A hearty congratulation to the authors! From these sessions Economics at Boston University and a member our hard-working committee will choose eight for publica- of the CSWEP Board. tion in the 2014 Papers and Proceedings issue of the American Marjorie McElroy is a Profes- Economic Review. A call for papers for the 2015 Sessions can sor of Economics at Duke Uni- be found in this issue and at cswep.org. versity and Chair of CSWEP. Last year’s inaugural CSWEP Mentoring Breakfast was an overwhelming success and this year we are redoubling Allan Meltzer is a Professor of Political Economy at Carnegie our efforts. Organized by Linda Goldberg and Bevin Ash- Mellon University. He chaired the Shadow Open enmiller, CSWEP will sponsor two Mentoring Breakfasts Market Committee from 1973–1999. in the 8:00–10:00am time slot—one on Friday, January 3rd and one on Saturday, January 4th. At these informal meet Edward Nelson is the Assistant and greet events, 20–30 senior economists will be on hand Director for Program Direction in the Monetary Affairs Division of the Federal Reserve. to provide mentoring and networking opportunities. Tables will be arranged by topic (tenure, research, grants, non-aca- Eloise Pasachoff is an Asso- demic careers, work-life balance, and so on). I urge junior ciate Professor, Georgetown economists within six years of their PhD as well as graduate University Law Center, and the grand-daughter of Anna J. Schwartz. students on the job market to participate. Space is limited and preregistration is required. See details in this issue and William Poole is a Senior Fel- at cswep.org. low at the Cato Institute. He is the former Chief Join us at CSWEP’s Business Meeting and Luncheon on Executive of the Federal Reserve Bank of St. Lou- Friday, January 3rd at 12:30pm to celebrate Rachel McCull- is, and is a former Professor of Economics at Brown University. och, recipient of the 2013 Carolyn Shaw Bell Award and the accomplishments of Anna Mikusheva, winner of the 2012 James Poterba is the Mitsui Professor of Eco- Elaine Bennett Research Prize. The celebration will be fol- nomics at MIT and the President of the National lowed by a brief presentation of the 2013 Annual Report on Bureau of Economic Research. Women in the Economics Profession, leaving ample time for Christina Romer is the Class dialogue on your feedback and wishes regarding CSWEP ac- of 1957 Garff B. Wilson Pro- tivities. All are welcome. fessor of Economics at the University of Califor- Also, join us for a cocktail reception (with light hors nia, Berkeley, and the co-director of the Monetary d’oeuvres and a cash bar) on Friday, January 3rd from 6:00– Economics Program at the National Bureau of 7:30PM. In keeping a valued tradition, this event is jointly Economic Research. She is the former Chair (2009–2010) of the Council of Economic Advisers. sponsored by CSWEP, the CeMENT Mentoring Workshop and CSMGEP. Nancy Rose is the Charles P. Kindleberger Pro- continues on page 12 fessor of Applied Economics at MIT and a Re- search Associate at the National Bureau of Economic Research. 2 CSWEP NEWS Remembering Anna Jacobson Schwartz James Poterba Anna Jacobson Schwartz was a distin- held a number of adjunct teaching the most significant contributions of guished monetary economist and eco- positions during the course of her the last century in the field of macro- nomic historian. She passed away on career, the NBER was always her pri- economics and monetary economics. June 21, 2012, at the age of 96. The Fi- mary affiliation. Anna collaborated with Friedman on nancial Times obituary for Anna offered Anna published her first article, two other important volumes on his- a simple but fitting summary: “One of “British Share Prices, 1811–1850,” in torical monetary economics: Monetary those few economists who changed our the Review of Economics and Statistics Statistics of the United States (1970) and understanding of the world.” in 1940 (with Gayer and Isaiah Fin- Monetary Trends in the United States and To remember and celebrate Anna’s kelstein). Her first book, The Growth the United Kingdom (1982). life and contributions, the National Bu- and Fluctuations of the British Econo- Anna was always keenly interested reau of Economic Research (NBER) in- my, 1790–1850, published in 1953 in in public policy, particularly monetary vited eight distinguished speakers to collaboration with Gayer and W.W. policy issues, and she was a founding share their memories of Anna, and to Rostow, was also related to this re- member of the Shadow Open Market place her accomplishments in context search. Anna remained an active re- at an event held in New York on April searcher throughout her life, distribut- 21, 2013. Their remarks, which are col- ing working papers until the year of her One of those few economists lected in this tribute, highlight Anna as death. In 2014, the University of Chi- who changed our a scholar, as a mentor, as a public poli- cago Press will publish Strained Rela- understanding of the world. cy analyst, and as a family member and tions: U.S.
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