A Self–Evaluation Report

A Self–Evaluation Report

ASelf–EvaluationReport (1995 to date) The Department of Economics April 2000 Prepared by Mike Artis, Ramon Marimon, Karl Schlag, Simon Hough, Barbara Bonke doc IUE 4/2000 (CR 2) European University Institute Contents 1 Introduction: The Department’s “Mission Statement” 1 2 The Postgraduate Programme 3 2.1 Characteristics of the EUI Economics Postgraduate Programme . 3 2.2ChangesintheProgramme........................ 6 2.3SomeIssuestoDebate.......................... 8 3Faculty 11 3.1HiringPolicyofFaculty ......................... 11 3.2CompositionofFaculty.......................... 12 3.3CurrentFull–TimeFaculty........................ 12 3.4Former*Full–TimeFaculty....................... 15 3.5 Secretarial and Administrative Support . ............... 17 4 Research 19 4.1ResearchAgendas............................. 19 4.1.1 Microeconomics.......................... 19 4.1.2 Macroeconomics.......................... 20 4.1.3 Econometrics........................... 21 4.1.4 LabourEconomics........................ 21 4.2 Research Funding . .......................... 22 4.2.1 Research Council Funded Projects . ............... 22 4.2.2 ExternallyFunded Projects ................... 22 4.3ResearchActivityofCurrentFacultyMembers............. 25 4.3.1 MichaelArtis........................... 25 4.3.2 AnindyaBanerjee......................... 25 4.3.3 PierpaoloBattigalli........................ 26 4.3.4 GiuseppeBertola......................... 26 4.3.5 RogerFarmer........................... 27 4.3.6 AndreaIchino........................... 27 4.3.7 SørenJohansen.......................... 28 4.3.8 RamonMarimon......................... 28 4.3.9 MassimoMotta.......................... 29 4.3.10KarlSchlag............................ 30 4.4ImpactofPublications.......................... 30 IUE 4/2000 (CR 2) ii CONTENTS 5 Students 33 5.1SelectionandAdmissiontotheFirstYear............... 33 5.2ApplicationsandAdmissions....................... 34 5.3ConferenceParticipationandAcademicExchangeProgrammes.... 38 5.4Publications................................ 39 5.5PhDsDefendedandCompletionTimes(TTDs)............ 40 5.6CareersofEconomicsDepartmentStudents.............. 40 6 Visitors and Jean Monnet Fellows 45 6.1Part–TimeVisitingFaculty,VisitingFellowsandStudents...... 45 6.2JeanMonnetFellows........................... 46 7 External Projection of the Department 49 7.1EuropeanInvestmentBankLectures.................. 49 7.2ConferencesHeldattheEUI....................... 50 7.3ConferencesandWorkshopsOutsidetheEUI.............. 50 7.4DepartmentalHomepage......................... 51 7.5SummerSchools.............................. 52 7.6WorkingPaperSeries........................... 54 7.7FinanceandConsumption........................ 54 7.8TheRobertSchumanCentre....................... 58 7.9EuropeanForum............................. 59 8 Conclusions: Achievements and Challenges for the Future 61 Appendices 65 A Publications by Current and Former* Faculty Members 67 A.1MichaelArtis............................... 67 A.2AnindyaBanerjee............................. 70 A.3PierpaoloBattigalli............................ 70 A.4GiuseppeBertola............................. 71 A.5DavidCass*,CARESS,UniversityofPennsylvania.......... 72 A.6JamesDow*,LondonBusinessSchool.................. 72 A.7RogerFarmer............................... 73 A.8AndreaIchino............................... 73 A.9SørenJohansen.............................. 74 A.10 Alan Kirman*, GREQAM, Marseille . ................. 75 A.11 Agust´ınMaravall*,BankofSpain.................... 75 A.12RamonMarimon............................. 76 A.13StephenMartin*,UniversityofAmsterdam............... 78 A.14JohnMicklewright*,UNICEF,Florence................. 79 A.15GrayhamMizon*,UniversityofSouthampton............. 80 A.16MassimoMotta.............................. 81 A.17LouisPhlips*............................... 82 A.18MarkSalmon*,CityBusinessSchool.................. 83 A.19KarlSchlag................................ 84 IUE 4/2000 (CR 2) CONTENTS iii A.20SpyrosVassilakis*............................. 84 A.21RobertWaldmann*,UniversityofRome................ 84 B Theses Defended January 1995–December 1999 87 C Theses Defended Since 30 December 1999 or Due in 2000 95 C.1 Theses Defended Since 30 December 1999 andNotIncludedintheFigures..................... 95 C.2 Theses Due to be Defended in 2000 (as of 20 March 2000) . .......................... 96 D Working Papers January 1995–March 2000 99 D.1 Working Papers 2000 . .......................... 99 D.2 Working Papers 1999 . ..........................100 D.3 Working Papers 1998 . ..........................103 D.4 Working Papers 1997 . ..........................107 D.5 Working Papers 1996 . ..........................110 D.6 Working Papers 1995 . ..........................113 E Publications of Former Students 119 F Seminar Programmes 129 F.1 Microeconomics Research Workshop 1995–2000 ............129 F.2 Macroeconomics Research Workshop 1995–2000 ............134 F.3 Departmental Seminars 1996–1999 ...................139 F.4 Econometrics Research Workshop 1995–2000 ..............143 G Courses Offered 1994–2000 151 H Robert Schuman Centre Seminar List 1995–1998 155 List of Tables 159 List of Figures 161 Note: Throughout this Report, former faculty are indicated with an asterisk (*). IUE 4/2000 (CR 2) iv CONTENTS IUE 4/2000 (CR 2) Chapter 1 Introduction: The Department’s “Mission Statement” This Report is produced as part of the regular cycle of self–evaluation with which EUI departments work. Owing to staffing problems the production of the Report was delayed beyond the normal point and comes five (rather than three) years after our first Report. The need to account for developments over a relativelylong period of time is one reason whythe Report is quite large. The Department of Economics’ “mission statement” has two parts. The first is a dedication to provide doctoral teaching to our students at the highest international level, the second is a commitment to provide a flow of applied research oriented towards European concerns. This Report is fashioned to reflect the wayin which these objectives have been achieved, within the perspective of the last five years. We start with an account of the postgraduate programme, in Chapter 2. When the Department last reported (in March 1995), a formal postgraduate programme, with required coursework, had just been put in place. Since that time the programme has been extended and altered in the light of experience and in response to what we see as the requirements to be met if we are to make good our claim to be providing a training which is competitive at the best world levels. What this means is spelled out in detail in Chapter 2 in detail. Chapter 3 provides an account of the hiring policies pursued during the pe- riod under consideration and lists all the members of faculty, current and former. Turnover has been high and whilst presenting the advantage of a constant flow of new faces and new experiences, this can also have its drawbacks, not least for stu- dents. Firming up our commitment to a mission statement which emphasizes a European dimension in applied research was seen as one means of providing the outside world with a view of a Department which combines excellence with purpose and exploits the comparative advantage of being at the heart of Europe. This was the substance of a report made to the President bya small committee of economists organized through the Research Council in 1997 (Report by the Committee Ad Hoc for the Economics Department of the European University Institute to the Principal of the EUI ). Chapter 4 gives an account of the Department’s research activities. It highlights the synergies between the research programmes of the individuals involved and the IUE 4/2000 (CR 2) 2 Chapter 1. Introduction: “Mission Statement” positive spillovers that can be seen in terms of joint publications (including those with students). That there is large volume of work with a “European” empha- sis will be clear. An appointment is pending to the second Joint Chair with the Robert Schuman Centre which can be expected to provide a further impetus to the consolidation of the Department’s “European” orientation. In Chapter 5 we discuss a number of issues related to the student bodyover the period 1995–1999. A high proportion of our students have gone on to academic jobs, and a large fraction to policy–making institutions at the national and international level. Increasing attention has been paid to providing careers advice, and to helping our students “present themselves” well in their critical first labour market contacts. Chapter 6 is devoted to the Department’s visitors, notablyincluding those who come as Jean Monnet Fellows. Each year the Department plays host to (typically) some half–dozen Visiting Fellows under the auspices of the EUI’s Jean Monnet Fellowship programme. The visitors enliven our seminar programmes, interacting stronglybetween themselves and our faculty. In Chapter 7 we report on a package of arrangements of various kinds that provide a projection of the Department to the rest of the EUI and to the world outside. In particular, two members of the Department were jointlyresponsible, as Directors, for the 1996/1997 European Forum on the Political Economyof an Integrated Europe; Department members have been active affiliates of TMR programmes in recent years, and two summer schools have been organized byDepartment members at the EUI. In addition, a number of conferences and workshops have been organized on the initiative of Department

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