Look for the next GCER Newsletter in June. Past Newsletters can be found here.
GCER in the News
Dec 12, 2016
Professor Billy Jack in Science
Professor Billy Jack recently published an article in Science, which shares the analysis of data collected over a six year period in Kenya that has revealed that the country's mobile money platform, M-PESA, has lifted nearly 200,000 households out of poverty. The effects of this form of digital financial inclusion are particularly strong for female headed households, with an estimated 185,000 women moving from agriculture to business as their primary occupation as a result of the expansion of mobile money. The study, conducted by Tavneet Suri at MIT Sloan with Billy Jack from Georgetown's Department of Economics, appears in the current issue of Science Magazine. ...
Oct 27, 2016
Professor Alan Krueger to deliver the 2017 Razin Lecture
Alan Krueger, Bendheim Professor of Economics and Public Affairs at Princeton University will deliver the 2017 Razin Policy Lecture on April 24. The Lecture will take place on Monday, April 24, 2017 from 4:00 to 6:00 on the Georgetown University campus. A reception will follow. Professor Krueger’s research has included: a study showing that minimum wage hikes can be associated with increased low-skill employment; predictions about who becomes a terrorist; proposals to create national “well-being” accounts to complement measured GDP; a demonstration that graduates of selective colleges (Georgetown?) do not earn higher incomes than similar graduates of less-selective colleges; evidence that computers have contributed to growing income inequality; evidence that economic growth does not necessarily degrade the environment; a paper about the music industry called “Rockonomics”; and much, much more. While not at Princeton, Professor Krueger has served as Chairman of President Obama’s Council of Economic Advisers, Chief Economist at the U.S. Treasury during the financial crisis, and Chief Economist of the U.S. Department of Labor. ...
Oct 20, 2016
Featured Research Profile: Fall/Winter 2016-17
Featured Research Profile: Fall/Winter 2016-2017 Markets with Search and Matching Frictions: Georgetown economists James Albrecht and Susan Vroman discuss directed search in the housing market. In textbook economics, the market for a good is in equilibrium when its price “equates supply and demand.” The supply-demand approach is a useful tool, but for many important markets, this framework doesn’t do a good job because of frictions that make it hard for buyers to find suitable sellers and vice versa. ...
Oct 11, 2016
GCER congratulates Nobel Laureates of 2016
GCER Congratulates the Economic Science Nobel Laureates of 2016, Oliver Hart (Harvard), and Bengt Holmström,(MIT). The Royal Swedish Academy of Sciences awarded the Prize for their work in Contract Theory. Their work has profoundly shaped economists' understanding of the role of incentives and property rights. Besides providing essential building blocks for a modern theory of the firm, this year Laureates' writings have found applications that span from Corporate Finance, to Labor Economics, to the Economics of Prisons. GCER is also proud to note that the Nobel Committee in its Scientific Background Paper cited a contribution co-authored by GCER Fellow Luca Anderlini (Anderlini and Felli, Quarterly Journal of Economics, 1994) . ...