The University is kicking off the 2011 Fullbright Recruiting Season with an information session on Friday, March 18 from 1-2 pm in McKinley 155. The Fulbright Grant funds independent research and English-language teaching assistantships for one academic year in over 140 nations. Recipients receive a stipend,
round-trip travel, and health insurance. Graduate students interested can find more information on the flyer here.
Monday, March 14, 2011
International Trade Commission Internship
The United State International Trade Commission, Office of Economics is recruiting undergraduate and graduate students for our Summer Internship Program. Applications will be accepted from current students who are United States citizens no later than March 30, 2011.
Click here for more information.
Click here for more information.
Free Conference on the Global Economy
The George Washington University School of Business presents Crossroads:
The Interplay of Business, Government, and the Global Economy
March 31 and April 1, 2011
Jack Morton Auditorium
805 21st Street NW
The symposium will explore the delicate balance of business growth and the public’s well-being within the context of an international economy that is defined by widely varying markets, cultures, and people. Panels will investigate what shared responsibilities, if any, exist between governments and the global business community and whether markets exist in a vacuum or within a larger social context.
Registration:
Please click here to register.
For more information on the event, please visit www.gwsbcrossroads.com
Featured Speakers
Keynote: Justin Yifu Lin, Chief Economist and Senior Vice President of Development Economics, World Bank
Timothy Williams, Washington Director, INTERPOL (U.S. National Central Bureau)
Steven Pearlstein, Pulitzer Prize winning columnist, Washington Post
Rob Mosbacher, former President/CEO, Overseas Private Investment Corporation
Nelson Carbonell, President/Chairman, Snowbird Capital
Danny Leipziger, Vice President for Poverty Reduction and Economic Management(PREM)/Head of the PREM Network, World Bank, Professor of International Business, The George Washington University School of Business
Doug Guthrie, Dean, The George Washington University School of Business
Sudhir Venkatesh, Professor of Sociology, Columbia University, author of Off the Books: The Underground Economy of the Urban Poor
Keith Reinhard, Founder/President, Business for Diplomatic Action, Chairman, DDB Worldwide
Liesl Riddle, Professor of International Business and Associate Dean of MBA Programs, The George Washington University School of Business
Dilip Ratha, Senior Economist and Manager, World Bank
William Handorf, Vice President of the Board of Directors, Federal Home Loan Bank of Atlanta, Professor of Finance and Real Estate, The George Washington University School of Business
Daniel Runde, Director for Project on Prosperity and Development and William A. Schreyer Chair in Global Analysis, Center for Strategic and International Studies
Barbara Span, Vice President of Public Affairs, Western Union
Eric-Vincent Guichard, Chairman/CEO, GRAVITAS Capital Advisors
Ntoh Etta, Director of Strategic Projects, NetworkSolutions LLC
…and more to come!
Follow us on Twitter – @GWSBCrossroads
The Interplay of Business, Government, and the Global Economy
March 31 and April 1, 2011
Jack Morton Auditorium
805 21st Street NW
The symposium will explore the delicate balance of business growth and the public’s well-being within the context of an international economy that is defined by widely varying markets, cultures, and people. Panels will investigate what shared responsibilities, if any, exist between governments and the global business community and whether markets exist in a vacuum or within a larger social context.
Registration:
Please click here to register.
For more information on the event, please visit www.gwsbcrossroads.com
Featured Speakers
Keynote: Justin Yifu Lin, Chief Economist and Senior Vice President of Development Economics, World Bank
Timothy Williams, Washington Director, INTERPOL (U.S. National Central Bureau)
Steven Pearlstein, Pulitzer Prize winning columnist, Washington Post
Rob Mosbacher, former President/CEO, Overseas Private Investment Corporation
Nelson Carbonell, President/Chairman, Snowbird Capital
Danny Leipziger, Vice President for Poverty Reduction and Economic Management(PREM)/Head of the PREM Network, World Bank, Professor of International Business, The George Washington University School of Business
Doug Guthrie, Dean, The George Washington University School of Business
Sudhir Venkatesh, Professor of Sociology, Columbia University, author of Off the Books: The Underground Economy of the Urban Poor
Keith Reinhard, Founder/President, Business for Diplomatic Action, Chairman, DDB Worldwide
Liesl Riddle, Professor of International Business and Associate Dean of MBA Programs, The George Washington University School of Business
Dilip Ratha, Senior Economist and Manager, World Bank
William Handorf, Vice President of the Board of Directors, Federal Home Loan Bank of Atlanta, Professor of Finance and Real Estate, The George Washington University School of Business
Daniel Runde, Director for Project on Prosperity and Development and William A. Schreyer Chair in Global Analysis, Center for Strategic and International Studies
Barbara Span, Vice President of Public Affairs, Western Union
Eric-Vincent Guichard, Chairman/CEO, GRAVITAS Capital Advisors
Ntoh Etta, Director of Strategic Projects, NetworkSolutions LLC
…and more to come!
Follow us on Twitter – @GWSBCrossroads
Tuesday, January 25, 2011
Internship Opportunity
The Department of Agriculture's Economic Research Service is currently accepting applicants for their summer internship program for Economists. Students who are interested can find more information at the following website:
http://www.ers.usda.gov/AboutERS/Employment/SummerEmployment/index.htm
http://www.ers.usda.gov/AboutERS/Employment/SummerEmployment/index.htm
Monday, November 29, 2010
Special Seminar!
Office of the Provost
and
Department of Economics, CAS
Co-Sponsor a Lecture by:
Peter B. Doeringer
Boston University
Title:
Can Small-Scale Industries Be Rescued from Industrial Decline?
Labor Market Regulation, Workplace Efficiency,
and Economic Performance in the Los Angeles
and New York Garment Districts
Wednesday, December 1, 2010
12-1:30 p.m.
East Quad Building Lounge
Labor Market Regulation, Workplace Efficiency,
and Economic Performance in the Los Angeles
and New York Garment Districts
Wednesday, December 1, 2010
12-1:30 p.m.
East Quad Building Lounge
Monday, November 15, 2010
Seminar, November 17
Robin Lumsdaine will be presenting her work: "The Relationship between Oil Prices and Breakeven Inflation Rates."
The seminar is in Kreeger 101 and runs 12PM-1:15PM.
An abstract of the research:
This paper explores the role of oil prices in the inflation-linked bond markets. Early proponents of inflation-linked bonds highlighted their role in protecting against future inflation, portfolio diversification, asset-liability matching, and use as a commitment tool for monetary policy in keeping inflation contained. From an investment perspective, real return assets should be attractive in prolonged periods of high inflation and unattractive in periods of low inflation resulting in increased demand for real return assets as inflation expectations grow and decreased demand as such expectations diminish. The late 1990s and early 2000s saw an expansion in the inflation-linked bond markets, with more sovereign issuers, increased issuance size and a wider range of maturities; this tremendous growth in turn fueled greater interest and participation in these markets. After a prolonged period of low and stable inflation, the rise in oil prices that began in 2003/4 coincided with the rapid expansion of the inflation-linked bond markets and the start of the Federal Reserve’s tightening cycle. In addition, the widening of the yield spread between nominal and inflation-linked bonds, or "breakeven", during this time was seen as an indication that inflation expectations were on the rise. Much of the runup in breakevens was attributed to the observed increases in oil prices. Yet despite similar trends, over most of the sample period, breakevens and oil have not moved one-for-one. Recently, however, the decline in oil prices has coincided with a dramatic decline in breakevens and unprecedented Fed easing. The results demonstrate that the coincidence of breakeven and oil price fluctuations is a relatively recent phenomenon, unique to the US market, and mainly associated with the front end of the breakeven curve.
The seminar is in Kreeger 101 and runs 12PM-1:15PM.
An abstract of the research:
This paper explores the role of oil prices in the inflation-linked bond markets. Early proponents of inflation-linked bonds highlighted their role in protecting against future inflation, portfolio diversification, asset-liability matching, and use as a commitment tool for monetary policy in keeping inflation contained. From an investment perspective, real return assets should be attractive in prolonged periods of high inflation and unattractive in periods of low inflation resulting in increased demand for real return assets as inflation expectations grow and decreased demand as such expectations diminish. The late 1990s and early 2000s saw an expansion in the inflation-linked bond markets, with more sovereign issuers, increased issuance size and a wider range of maturities; this tremendous growth in turn fueled greater interest and participation in these markets. After a prolonged period of low and stable inflation, the rise in oil prices that began in 2003/4 coincided with the rapid expansion of the inflation-linked bond markets and the start of the Federal Reserve’s tightening cycle. In addition, the widening of the yield spread between nominal and inflation-linked bonds, or "breakeven", during this time was seen as an indication that inflation expectations were on the rise. Much of the runup in breakevens was attributed to the observed increases in oil prices. Yet despite similar trends, over most of the sample period, breakevens and oil have not moved one-for-one. Recently, however, the decline in oil prices has coincided with a dramatic decline in breakevens and unprecedented Fed easing. The results demonstrate that the coincidence of breakeven and oil price fluctuations is a relatively recent phenomenon, unique to the US market, and mainly associated with the front end of the breakeven curve.
Tuesday, November 2, 2010
Seminar, Wednesday November 3
This Wednesday Jennifer Poole (UC Santa Cruz) is presenting her work, "Trade Liberalization, Firm Heterogeneity, and Wages: New Evidence from Matched Employer–Employee Data."
The seminar is 12PM-1:15PM in Kreeger 101.
Abstract:
In this paper, we use a linked employer–employee database from Brazil to examine the heterogeneous responses of exporters and non-exporters to trade reform. We begin our analysis at the firm level and estimate how average wages respond to trade liberalization and test whether these responses vary by the firm’s export status. We find that wages at exporting firms increase relative to non-‐exporters in response to a decline in protection and that the differential impact is mainly due to exporters in sectors in which Brazil has the comparative advantage. We then decompose firm-level average wages into a component reflecting the firm’s workforce composition and a component reflecting the firm’s performance. Our decomposition suggests the relative increase in wages is largely due to the portion of wages that can be attributed to the relative performance improvement at exporters post-‐liberalization; differential changes in unobservable workforce composition play a minor role in explaining the differential response to liberalization by firms with differing trade orientation. Our worker-level analysis, where we test for the differential impacts of trade liberalization on otherwise identical workers employed in heterogeneous firms, is supportive of this finding.
The seminar is 12PM-1:15PM in Kreeger 101.
Abstract:
In this paper, we use a linked employer–employee database from Brazil to examine the heterogeneous responses of exporters and non-exporters to trade reform. We begin our analysis at the firm level and estimate how average wages respond to trade liberalization and test whether these responses vary by the firm’s export status. We find that wages at exporting firms increase relative to non-‐exporters in response to a decline in protection and that the differential impact is mainly due to exporters in sectors in which Brazil has the comparative advantage. We then decompose firm-level average wages into a component reflecting the firm’s workforce composition and a component reflecting the firm’s performance. Our decomposition suggests the relative increase in wages is largely due to the portion of wages that can be attributed to the relative performance improvement at exporters post-‐liberalization; differential changes in unobservable workforce composition play a minor role in explaining the differential response to liberalization by firms with differing trade orientation. Our worker-level analysis, where we test for the differential impacts of trade liberalization on otherwise identical workers employed in heterogeneous firms, is supportive of this finding.
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