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IMF Lists 25 Brightest Young http://www.ibtimes.co.uk/imf-lists-25-brightest-young-economists...

UK EDITION THURSDAY, 28TH AUGUST, 2014

Economy IMF Lists 25 Brightest Young Economists

By Boby Michael August 27, 2014 14:52 BST

IMF Headquarters REUTERS

The International Monetary Fund (IMF) has identified twenty-five young economists who it expects

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Viewpoint Video share US nationality with other countries like , India, Australia and Canada. There are also representatives from the UK, Russia and Argentina.

The IMF has prepared the list after surveying international economists, journalists and other readers, which will appear in the September volume of Finance & Development, published on 27 August.

Another important feature most of those who made it to the list share is their place of study. Except two, all had their advanced studies done in a famous US institute.

Here is the list of institutes: MIT-five, Harvard - six, Princeton - two, - three, - two, University of California - one, University of Columbia - one, University of Stanford - two, Peterson Institute - one. The non-US institutions are the , and School of .

American and Russian Oleg Itskhoki, both 31, are the youngest ones in the list.

And here is the .

1. Nicholas Bloom, 41, British, , uses quantitative research to measure and explain management practices across firms and countries. He also researches the causes and consequences of uncertainty and studies innovation and information technology.

2. , 40, American, MIT, researches the impact of pub- lic policy on health care systems, government intervention in health markets, and failures.

3. , 35, Indian and American, , received his Ph.D. at age 23. He combines empirical evidence and economic theory to research how to improve government pol- icy decisions in areas such as policy, unemployment insurance, education, and equality of opportunity.

4. Melissa Dell, 31, American, Harvard, examines poverty and insecurity through the relationship between state and non-state actors and , and studies how reforms such as government crackdowns on drug violence can influence economic outcomes.

5. Kristin Forbes, 44, American, and MIT, has held positions in both academia and the sphere, where she applies her research to policy questions related to international and finance.

6. Roland Fryer, 37, American, Harvard, focuses on the social and political economics of race and inequality in the . His research investigates economic disparity through the

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Viewpoint Video finance, and macro- economics, including corporate executives' compensation levels and asset pricing.

8. Gita Gopinath, 42, American and Indian, Harvard, studies international macroeconomics and trade with a focus on sovereign debt, the response of international to exchange rate movements, and the rapid shifts in relative among world currencies.

9. , 42, French and American, Massachusetts Institute of Technology (MIT) and the Jameel Poverty Action Lab, focuses on microeconomic issues in developing , including household behavior, education, access to finance, health, and policy evaluation.

10. , 39, American, University of Chicago, applies micro- economic empirical methods to the economics of the news media, including the economic forces driving the creation of media products, the media and the digital environment, and the media's effect on education and civic engagement.

11. , 35, French, Harvard, is a macroeconomist who focuses on monetary economics, , finance and public finance, including research on global imbalances, monetary and fiscal policy, and taxation.

12. Oleg Itskhoki, 31, Russian, , specializes in macroeconomics and international economics with a focus on globalization, inequality and labor market out- comes, international relative prices and exchange rates, and macroeconomic policy in open economies.

13. Hélène Rey, 44, French, London Business School, focuses on the determinants and consequences of external trade and financial imbalances, the theory of financial crises, and the organization of the international monetary system.

14. , 41, French and American, University of California, Berkeley, is recognized for using both theoretical and empirical approaches to income inequality and tax policy.

15. Jonathan Levin, 41, American, Stanford, is an expert on and microeconomic theory, specifically on the economics of contracting, organizations, and market design.

16. Atif Mian, 39, Pakistani and American, Princeton, studies the connections between finance and the macro economy. He is coauthor of the critically acclaimed House of Debt, which builds on powerful new data to describe how debt precipitated the Great Recession and continues to threaten the global economy.

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Viewpoint Video macreconomic measurement.

18. Nathan Nunn, 40, Canadian, Harvard, focuses his research on , economic development, political econ- omy and international trade. Of particular interest is the long-term impact of historic events such as slave trade and colonial rule on economic development.

19. , 34, American, MIT, played a role in apply- ing engineering approaches to . His research focuses on market design, education and .

20. , 44, French, NYU, studies the interactions of finance and macroeconomics: risk premia and corporate investment, financial crisis and systemic risk, and the evolution of financial intermediation.

21. Amit Seru, 40, Indian, University of Chicago, researches financial intermediation and regulation as well as issues related to corporate finance, including resource allocation within and between firms, and organizational incentives.

22. Amir Sufi, 37, American, University of Chicago, is coauthor of House of Debt. He studies links between finance and the macro economy, including the effect of house prices on spending and the effect of corporate finance on investment.

23. Iván Werning, 40, Argentine, MIT, is a macroeconomist who aims to improve tax and unemployment insurance policies via theoretical economic models. As well as optimal taxation, he studies stabilization and monetary policy, including macroprudential policy.

24. , 41, Australian and American, Peterson Institute for International Economics and (on leave), studies labor economics, macroeconomics, , , , and . In addition to his research, Wolfers is a columnist for The New York Times.

25. , 43, French, Paris School of Economics, is known for his research, with Emmanuel Saez, on the distribution of income and wealth. His bestseller, Capital in the Twenty-First Century, argues that global inequality will increase because the rate of capital return in developed economies is higher than the rate of , exacerbating wealth inequality.

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