Department News and Events

Ruixuan Liu Receives 2018 Arnold Zellner Award

Ruixuan LiuRuixuan Liu, along with his coauthor, Yanqin Fan, recently won the 2018 Arnold Zellner Award. Their paper, "A Direct Approach to Inference in Nonparametric and Semiparametric Quantile Models," published in the Journal of Econometrics in 2016 (Volume 191) was selected as the winner of the 2018 Arnold Zellner Award for the best paper in theoretical econometrics published in 2016 or 2017.

The award is managed by the American Statistical Association, the preeminent scholarly society for statisticians.

Congratulations to Ruixuan Liu!

Successful Alumni Visit the Department

On Friday, October 19, 2018, four of our distinguished alums visited the Economics Department to have a conversation with our students about what they should do now to prepare for a successful career path after graduation:

  • Cyrus Irani, Co-Founder and Managing Partner, Fairview Energy Capital; Class of 2005
  • Derek Strum, Partner, Clayton, Dubilier and Rice; Class of 2000
  • Michael Kessel, Principal, Lighthouse Realty Advisors, Class of 1991
  • Kunal Soni, Managing Director, Global Credit, The Carlyle Group, Class of 1998

Although 112 students indicated their interest in participating in the event, only 1/5 of them could be invited due to limited space. In response to the question concerning what are the most important skills to obtain in College, the alums unanimously picked quantitative and analytical skills; thus reassuring the attendees of the value of the economics major, which is known for its most rigorous training in quantitative and analytical methods. The panelists also pointed out the importance of building and keeping a good relationship with colleagues and people they meet at work.

The event was sponsored by the Emory College Office of Alumni Engagement.

Atlanta Fed President Visits Emory

Raphael BosticAtlanta Federal Reserve President and member of the Federal Open Market Committee, Raphael Bostic, visited Emory to hold a conversation with Emory students about the economy and the role of the Fed in managing it. The event took place on Monday, September 17, at 6:30 pm, in White Hall 208.

This event was organized by the Emory Economics Department.

To read more about this event, as reported by Ninad Kulkarni at the Emory Wheel, click here.

To read more about Dr. Bostic, visit

Kaiji Chen and Tao Zha Receive Best Paper Award

Kaiji Chen and Tao Zha, whose paper, "Impacts of Monetary Stimulus on Credit Allocation and Macroeconomy: Evidence from China" (joint with Patrick Higgins and Daniel Waggoner), received the Best Paper Award for 2018 China International Conference in Macroeconomy (CICM).

Congratulations to Kaiji Chen and Tao Zha!

Kaiji Chen Receives 2018 Sun Yefang Financial Innovation Award

Kaiji ChenKaiji's paper "The Great Housing Boom of China," (with Yi Wen from the St. Louis Federal Reserve Bank), published in American Economic Journal: Macroeconomics in 2017, has received the 2018 Sun Yefang Financial Innovation Award.

The Sun Yefang Financial Innovation Award is given every two years for published papers on China's economy and finance.

Congratulations to Kaiji Chen!

Elena Pesavento Appointed President of Emory College of Arts and Sciences Senate

ElenaIn May 2018, Associate Professor Elena Pesavento was voted the upcoming President of the Emory College of Arts and Sciences Senate.

Comprised of Emory faculty, staff, and students, Senate members make recommendations regarding all matters of general College interest, review all new policies and changes to existing policies, and submit recommendations to the Dean. Sub-committees address issues related to specific topics.

Congratulations to Elena Pesavento for this prestigious accomplishment!

Kaiji Chen Named Associate Editor of China Economic Review

KaijiKaiji Chen was named an Associate Editor of the scholarly journal China Economic Review.

The China Economic Review is a peer-reviewed academic journal of economics publishing quantitative, analytical, and performance and policy analyses on China's economy, its relations with the rest of the world, and other comparative studies. It is published by Elsevier and is an official publication of the Chinese Economists Society.

Congratulations to Kaiji Chen!


Popular Book on Poverty Reduction Coedited by Essie Maasoumi

Book CoverProfessor Essie Maasoumi, along with Almas Heshmati and Guanghua Wen, are the editors of the book, “Poverty Reduction Policies and Practices in Developing Asia.” Originally published in 2015, the book has been downloaded more than 70,000 times! This places the book in the top 25 percent of most downloaded books for the large publisher Springer Verlag.

If you are interested in learning more about the book or downloading your own copy, visit

Congratulations to Essie Maasoumi!

Economics Department Cosponsoring Next Brazilian Undergraduate Student Conference (BRAZUSC)

The Economics Department is cosponsoring an upcoming conference coordinated by Emory's Brazilian Student Association. BRAZUSC 2018 will be on the Emory University campus from November 2-3, 2018, and over 350 students are expected to attend.

This year's conference will host some of the most illustrious Brazilian economists in history. Some of the confirmed speakers include Pedro Malan, former Brazilian Minister of Finance; Gustavo Franco, former president of the Brazilian Central Bank; and Carmen Lucia, current president of the Brazilian Supreme Court.

More details about the conference will be posted at

2018 Economics Banquet, ODE Induction, and Awards

Thomas SargentOn April 25, 2018, more than 100 faculty, staff, students, and university administrators gathered at the Emory Conference Center and Hotel for the Economics department's annual banquet. Dr. Thomas Sargent, Nobel Prize Winner and William R. Berkley Professor of Economics and Business at New York University, gave this year's distinguished lecture, entitled "Lessons Learned from the Financial Crisis of 2008 and Implications for Current Financial Markets' Boom and Volatility." With humor and candor, Dr. Sargent (right) used historical record and personal stories to discuss the state of the current economy and its ability to weather future market booms and recessions.

In addition, Hashem Dezhbakhsh, Chair of the Economics Department, shared the latest department developments and news, including the hiring of new faculty and the successful recruitment efforts for the PhD program.

During the event, we also announced our annual student award winners and inducted the newest members of the Economics honor society, Omicron Delta Epsilon.

T. Anders Olsen and Thomas SargentT. Anders Olsen (pictured right with Dr. Sargent) won the Jack and Lewis Greenhut Prize. The criteria for the Greenhut Prize are as follows: the quality of honors papers and other research, the oral defense of honors papers, participation in programs of professional associations, grades, and other indications of excellence in class.

Alexis KormanAlexis Korman (pictured left) won the George Benston and Richard F. Muth Prize for Excellence in Economics. The Muth/Benston Prize is awarded to a student who exemplifies intellectual curiosity, passion, and skills in economic analysis. The prize is awarded to a student who, by their class work and extended interests, has shown that he/she shares and has successfully emulated intellectual passion for all things economic.

Jonathan Kaminsky and Thomas SargentJonathan Kaminski (pictured right with Dr. Sargent) won the Tate Whitman Prize. This prize is given to the graduating senior who best illustrates the Whitman characteristics of character, cogent analysis of complex issues, extraordinary personal integrity, and wise leadership.

Joseph Medeiros and Thomas SargentFinally, the Economics Department awarded a new prize: the Teaching Assistant Award of Excellence. This award has been established to recognize undergraduate students who have served as exceptional teaching assistants in our Economics classes. Our first-time award winner is Joseph Medeiros (pictured left with Dr. Sargent).

Congratulations also to the newest inductees to Omicron Delta Epsilon (pictured below), the Economics honor society. ODE is dedicated to promoting excellence in economics by recognizing outstanding achievements and by encouraging professional exchange among students, and faculty!2018 ODE Inductees

Economics Department Hosts Reception at 2018 ASHEcon Conference

We are very fortunate that this year's ASHEcon conference, the preeminent gathering for Health Economists, is taking place at Emory University from June 10-13, 2018. The Emory Economics Department is hosting a reception at the conference on Monday, June 11, from 7:00-9:00 pm, at the Miller-Ward Alumni House. We welcome attendees of the ASHEcon conference to join us at this event. To RSVP, please e-mail Stephanie White at

The American Society of Health Economists (ASHEcon), the entity that sponsors the conference, is dedicated to promoting excellence in health economics research in the United States. Health economics has emerged as a distinct and successful field in economics — a large community of researchers bringing theoretical and empirical insights based on the discipline of economics to policy-relevant issues in healthcare costs, outcomes, health behavior, and healthcare delivery. The theme of this year's conference is Economics and Public Health.

Economics Department Cosponsors International Society for Justice Research Conference

The 17th biennial conference of the International Society for Justice Research (ISJR) will be held July 25-28, 2018, at Emory University in Atlanta, GA. ISJR brings together a network of diverse scholars, representing a range of disciplines and countries, who worked on justice-related issues.

The theme, Interrogating Injustice, will highlight issues related to race and to the distribution of health care resources. Researchers from an array of disciplines whose work touches upon social justice concerns from both basic and applied perspectives are encouraged to submit their work for presentation. In addition to program sessions, a training workshop for graduate students will be held on July 25.

The conference is hosted by Emory University, in conjunction with Georgia State University and University of Georgia. For more information about this conference, click here.

Tao Zha Named Co-editor of Quantitative Economics

Tao Zha

Tao Zha was named a Co-editor of the scholarly journal Quantitative Economics.

Quantitative Economics is an open-access scholarly journal devoted to theoretical and computational work in economics with an empirical orientation. The journal, published by the Econometric Society, covers a variety of applied fields, including labor economics, industrial organization, development and growth economics, macroeconomics, international economics, public finance, and social economics.

Congratulations to Tao Zha!

Essie Maasoumi Named Founding Fellow of IAAE


The Board of the International Association for Applied Econometrics (IAAE) recently named Essie Maasoumi as a Founding Fellow.

The IAAE is a charity that was created to advance the education of the public in the subject of applied and theoretical econometrics and its applications to a variety of fields in economics, in particular, but not exclusively, by advancing and supporting research in the field, and disseminating the results of such useful research to the public. The Fellowship position is reserved for economists who have made significant contributions in Econometrics, broadly defined.

Congratulations to Essie Maasoumi!

Faculty Participate in Tax Teach-in Panel

Tax Teach-inOn January 13, 2018, Professor Caroline Fohlin and Assistant Professor Ian McCarthy appeared at a "teach-in" on the newly passed national tax plan. The panel was hosted by Congressman Hank Johnson (appearing in middle of photo). Along with other experts on tax policy and labor issues, the panelists helped explain to local constituents the expected impact of the new tax plan on the local community. More than 80 constituents attended the meeting held at C. Fitchett Municipal Complex Main Auditorium in Lilburn, Georgia.

2017 6th Atlanta Workshop on International Economics

The Department of Economics and the Federal Reserve Bank of Atlanta hosted the 6th Atlanta Workshop on International Economics, on December 8-9, 2017, at the Emory Conference Center and Hotel. Over 40 people attended to hear several presenters speak on new research related to exchange rates, trade, sovereign risk, and capital flows.

We are especially grateful to the workshop's organizers: Federico Mandelman of the Atlanta Federal Reserve Bank, Kim Ruhl at Pennsylvania State University, and Vivian Yue at Emory University and the Atlanta Federal Reserve Bank.

6th Atlanta Workshop on International Economics

Ian McCarthy Awarded Research Grant

Ian McCarthyAssistant Professor Ian McCarthy and his co-author, Sean Huang, were recently awarded a grant from the National Institute for Health Care Management (NIHCM) Foundation to examine the role of leveraged buyouts on hospital quality and costs. The study aims to quantify how the underlying funding mechanisms for hospital acquisitions ultimately impact the cost and quality of healthcare received. Findings will inform regulatory policy on the financing of future hospital acquisitions.

The NIHCM Foundation aims to transform health care through evidence and collaboration. To accomplish this goal, the Foundation supports innovative investigator-initiated research with high potential to inform improvements to the U.S. health care system.

Congratulations to Ian McCarthy!

David Jacho-Chavez Appointed Co-Chair of the Scientific Commission of the 2018 LACEA Conference

David Jacho-ChavezDavid Jacho-Chavez, Associate Professor of Economics, was recently appointed by the Econometric Society as the Co-Chair of its Scientific Commission of the 23rd Annual Latin American and Caribbean Economic Association - Latin American Meetings of the Econometric Society, which will take place in Guayaquil, Ecuador, November 8-10, 2018. For more information about this conference, click here.

The Econometric Society is an international society for the advancement of economic theory in its relation to statistics and mathematics. The Society was founded in 1930 and publishes three scholarly journals: Econometrica, Quantitative Economics, and Theortical Economics.

Congratulations to David Jacho-Chavez!

Tao Zha Named Fellow of the Econometric Society

Tao ZhaTao Zha, Samuel Candler Dobbs Professor of Economics for the Economics Department and Research Center Executive Director, Center for Quantitative Economic Research (CQER), Federal Reserve Bank of Atlanta, was recently named a Fellow of the Econometric Society. 

The Econometric Society is an international society for the advancement of economic theory in its relation to statistics and mathematics. The Society was founded in 1930 and publishes three scholarly journals: Econometrica, Quantitative Economics, and Theoretical Economics.

Congratulations to Tao Zha!

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