Stephanie Schmitt-Grohe
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Stephanie Schmitt-Grohe
Stephanie Schmitt-Grohé is a German economist who has been a professor of economics at Columbia University since 2008.http://www.columbia.edu/~ss3501/cv.pdf Her research focuses on macroeconomics, fiscal policy, and monetary policy in open and closed economies. In 2004, she was awarded the Bernácer Prize, for her research on monetary stabilization policies. Biography Schmitt-Grohé received a vordiplom in economics from the University of Münster in 1987, an MBA from Baruch College in 1989, and a PhD in economics from the University of Chicago in 1994. At Chicago, her doctoral adviser was Michael Dean Woodford, who developed of one of the first microfounded New Keynesian macroeconomic models. From 1994 to 1998, Schmitt-Grohé worked in the Division of Monetary Affairs of the Federal Reserve Board. She became an assistant professor at Rutgers University in 1998, where she became a tenured associate professor in 2001. She left Rutgers in 2003 for Duke University, where she wa ...
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Martín Uribe
Martín Uribe is a professor of economics at Columbia University. He is currently the editor-in-chief of the ''Journal of International Economics''. Biography Uribe is born in Argentina. He received his B.A. from National University of Córdoba, M.A. from University of CEMA in Buenos Aires, and received his PhD from the University of Chicago in 1994. Uribe joined the Duke University faculty in 2003 after spending five years at the University of Pennsylvania and four years at the Board of Governors of the Federal Reserve System. He moved to Columbia University in 2008. His research has focused on understanding the roots and impact of macroeconomic shocks and on the design of monetary, fiscal, and exchange-rate-based stabilization policies. He is also an associate researcher at the National Bureau of Economic Research. In 2021, he was named editor-in-chief of the ''Journal of International Economics The ''Journal of International Economics'' is a peer-reviewed academic journal in ...
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Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ...
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Centre For Economic Policy Research
The Centre for Economic Policy Research (CEPR) is an independent, non‐partisan, pan‐European non‐profit organisation. Its mission is to enhance the quality of policy decisions through providing policy‐relevant research, based soundly in economic theory, to policymakers, the private sector and civil society. Rather than adopting the traditional in-house ‘think-tank’ research structure, CEPR appoints Research Fellows and Affiliates who remain in their home institutions (universities, research institutes, central bank research departments, and international organisations). CEPR’s network includes over 1,700 of the world's top economists from over 330 institutions in 30 countries. The results of the research conducted by the Centre's network are disseminated through a variety of publications, public meetings, workshops and conferences. Its headquarters is currently located in London. History CEPR was founded in 1983 by Richard Portes, FBA, CBE, to enhance the quality ...
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Associate Professor
Associate professor is an academic title with two principal meanings: in the North American system and that of the ''Commonwealth system''. Overview In the ''North American system'', used in the United States and many other countries, it is a position between assistant professor and a full professorship. In this system an associate professorship is typically the first promotion obtained after gaining a faculty position, and in the United States it is usually connected to tenure. In the '' Commonwealth system'' (Canada included), the title associate professor is traditionally used in place of reader in certain countries.UK Academic Job Titles Explained
academicpositions.com
Like the reader title it ranks above senior lecturer – which corresponds to associ ...
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Academic Tenure
Tenure is a category of academic appointment existing in some countries. A tenured post is an indefinite academic appointment that can be terminated only for cause or under extraordinary circumstances, such as financial exigency or program discontinuation. Tenure is a means of defending the principle of academic freedom, which holds that it is beneficial for society in the long run if scholars are free to hold and examine a variety of views. By country United States and Canada Under the tenure systems adopted by many universities and colleges in the United States and Canada, some faculty positions have tenure and some do not. Typical systems (such as the widely adopted "1940 Statement of Principles on Academic Freedom and Tenure" of the American Association of University Professors) allow only a limited period to establish a record of published research, ability to attract grant funding, academic visibility, teaching excellence, and administrative or community service. They ...
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Assistant Professor
Assistant Professor is an academic rank just below the rank of an associate professor used in universities or colleges, mainly in the United States and Canada. Overview This position is generally taken after earning a doctoral degree and generally after several years of holding one or more Postdoctoral Researcher positions. It is below the position of Associate Professor at most universities and is equivalent to the rank of Lecturer at most Commonwealth universities. In the United States, Assistant Professor is often the first position held in a tenure track, although it can also be a non-tenure track position. A typical professorship sequence is Assistant Professor, Associate Professor, and Full Professor in order. After 7 years, if successful, Assistant Professors can get tenure and also get promotion to Associate Professor. There is high demand for vacant tenure-track Assistant Professor positions, often with hundreds of applicants. Less than 20% of doctoral graduates move ...
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Macroeconomic Model
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices. Macroeconomic models may be logical, mathematical, and/or computational; the different types of macroeconomic models serve different purposes and have different advantages and disadvantages. Macroeconomic models may be used to clarify and illustrate basic theoretical principles; they may be used to test, compare, and quantify different macroeconomic theories; they may be used to produce "what if" scenarios (usually to predict the effects of changes in monetary, fiscal, or other macroeconomic policies); and they may be used to generate economic forecasts. Thus, macroeconomic models are widely use ...
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Microfoundations
Microfoundations are an effort to understand macroeconomic phenomena in terms of economic agents' behaviors and their interactions.Maarten Janssen (2008),Microfoundations, in ''The New Palgrave Dictionary of Economics'', 2nd ed. Research in microfoundations explores the link between Macroeconomics, macroeconomic and Microeconomics, microeconomic principles in order to explore the aggregate relationships in macroeconomic models. During recent decades, macroeconomists have attempted to combine microeconomic models of individual behaviour to derive the relationships between macroeconomic variables. Presently, many macroeconomic models, representing different theories, are Dynamic stochastic general equilibrium, derived by aggregating microeconomic models, allowing economists to test them with both macroeconomic and microeconomic data. However, microfoundations research is still heavily debated with management, strategy and organization scholars having varying views on the "micro-macro ...
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Doctor Of Philosophy
A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common Academic degree, degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is an earned research degree, those studying for a PhD are required to produce original research that expands the boundaries of knowledge, normally in the form of a Thesis, dissertation, and defend their work before a panel of other experts in the field. The completion of a PhD is often a requirement for employment as a university professor, researcher, or scientist in many fields. Individuals who have earned a Doctor of Philosophy degree may, in many jurisdictions, use the title ''Doctor (title), Doctor'' (often abbreviated "Dr" or "Dr.") with their name, although the proper etiquette associated with this usage may also be subject to the professional ethics of their own scholarly field, culture, or society. Those who teach at ...
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Master Of Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management. Some programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources, but an MBA is intended to be a generalized program. MBA programs in the United States typically require completing ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Vordiplom
A ''Diplom'' (, from grc, δίπλωμα ''diploma'') is an academic degree in the German-speaking countries Germany, Austria, and Switzerland and a similarly named degree in some other European countries including Albania, Bulgaria, Belarus, Bosnia and Herzegovina, Croatia, Estonia, Finland, Poland, Russia, and Ukraine and only for engineers in France, Greece, Hungary, North Macedonia, Romania, Serbia, Slovenia, and Brazil. History The Diplom originates from the French Diplôme (''Diplôme de l'ordre impérial de la légion d'honneur'') describing a certificate devised during the Second French Empire to bestow honours upon outstanding citizens and soldiers of the imperial French army to promote them into the Legion of Honour since 1862. The Magister degree was the original graduate degree at German-speaking universities. In Germany the Diplom dates back to the pre-republican period: In October 1899 the engineering degree ''Diplom'' was announced by a ''supreme decree'' of t ...
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