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MIT Department Of Economics
The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts, Cambridge, Massachusetts. Undergraduate studies in economics were introduced in the 19th century by institute president Francis Amasa Walker, while the department's Ph.D. program was introduced in 1941. The American Economics Association estimates that MIT and these peers produce half of all tenure track professors at U.S. research universities. By 2020, the department has the second highest number of Ph.D. alumni who received the Nobel Memorial Prize in Economic Sciences, Nobel Prize in Economics in the world (12) only behind Harvard University, Harvard Economics (13) and ahead of University of Chicago, UChicago Economics (9). Nine out of 18 John Bates Clark Medal, Clark medalists since 1999 received Ph.D. degrees from the department. History In the 1890s, economists including Francis Amasa Walker and Davis Rich Dewey taught courses in economics to the undergr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts Institute Of Technology
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the most prestigious and highly ranked academic institutions in the world. Founded in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT is one of three private land grant universities in the United States, the others being Cornell University and Tuskegee University. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. , 98 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Israel
The Bank of Israel ( he, בנק ישראל, ar, بنك إسرائيل) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron. The primary objective of the Bank of Israel is to maintain price stability and the stability of the financial system in Israel. It also administers and implements monetary policy in Israel, conducts foreign exchange operations, supervises and regulates the banking system, takes care of the foreign reserves and operations of the financial market infrastructure. The Bank of Israel has, under Article 41 and 44 of its Statute, the exclusive right to issue Israeli Shekel banknotes and coins. History When Israel gained independence in 1948, the power of note issuance was vested with the Anglo-Palestine Bank, which was refounded as Bank Leumi in 1950. Monetary policy and banking supervision remained controlled by the Ministry of Finance. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bengt Holmstrom
Bengt may refer to: People In arts, entertainment and media Actors * Bengt Djurberg (1898–1941), Swedish actor and singer * Bengt Ekerot (1920–1971), Swedish actor and director * Bengt Eklund (1925–1998), Swedish actor * Bengt Logardt (1914–1994), Swedish actor, screenwriter and film director * Bengt Nilsson (actor) (born 1954), Swedish actor Journalists and writers * Bengt Feldreich (1925-2019), Swedish journalist and teacher * Bengt Frithiofsson (born 1939), Swedish wine writer * Bengt Lidner (1757–1793), Swedish poet * Bengt Linder (1929–1985), Swedish writer and journalist * Bengt Magnusson (born 1950), Swedish journalist and a TV presenter * Bengt Pohjanen (born 1944), Swedish author, translator and priest In music * Bengt Berger (born 1942), Swedish jazz drummer, composer and producer * Bengt Calmeyer, Swedish musician in the band Turbonegro * Bengt Djurberg (1898–1941), Swedish actor and singer * Bengt Forsberg (born 1952), Swedish concert pianist * Beng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Nordhaus
William Dawbney Nordhaus (born May 31, 1941) is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memorial Prize in Economic Sciences. Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis". Education and career Nordhaus was born in Albuquerque, New Mexico, the son of Virginia (Riggs) and Robert J. Nordhaus, who co-founded the Sandia Peak Tramway. Robert J. Nordhaus was from a German Jewish family – his father Max Nordhaus (1865–1936) had immigrated from Paderborn in 1883, and became a manager of The Charles Ilfeld Company branch in Albuquerque. Nordhaus graduated from Phillips Academy in Andover and subsequently received his BA and MA from Yale in 1963 and 1973, respectively, where he was a member of Skull and Bones. He also holds a Certificate from the Institut d'Etudes Politiques (1962 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abhijit Banerjee
Abhijit Vinayak Banerjee (; born 21 February 1961) is an Indian-American economist who is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty". He and Esther Duflo, who are married, are the sixth married couple to jointly win a Nobel Prize. * * * Early life and education Abhijit Banerjee was born to a Bengali father and to a Marathi mother in Mumbai. * * * * * His father, Dipak Banerjee, was a professor of economics at Presidency College, Calcutta, and his mother Nirmala Banerjee (née Patankar), a professor of economics at the Centre for Studies in Social Sciences, Calcutta. His father, Dipak Banerjee, earned a PhD in economics from the London School of Economics. He received his school education in South Point High School, a renowned educationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Esther Duflo
Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), which was established in 2003. She shared the 2019 Nobel Memorial Prize in Economic Sciences with Abhijit Banerjeehttps://economics.mit.edu/faculty/banerjee/short Retrieved July 24, 2020, Friday and Michael Kremer,https://scholar.harvard.edu/kremer/home Retrieved July 24, 2020, Friday "for their experimental approach to alleviating global poverty". Duflo is a National Bureau of Economic Research (NBER) research associate, a board member of the Bureau for Research and Economic Analysis of Development (BREAD), and director of the Centre for Economic Policy Research's development economics program. Her research focuses on microeconomic issues in developing countries, including household behavio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joshua Angrist
Joshua David Angrist (born September 18, 1960) is an Israeli-American economist and Ford Professor of Economics at the Massachusetts Institute of Technology. Angrist, together with Guido Imbens, was awarded the Nobel Memorial Prize in Economics in 2021 "for their methodological contributions to the analysis of causal relationships". He ranks among the world's top economists in labor economics, urban economics, and the economics of education, and is known for his use of quasi-experimental research designs (such as instrumental variables) to study the effects of public policies and changes in economic or social circumstances. He is a co-founder and co-director of the MIT'School Effectiveness & Inequality Initiative which studies the relationship between human capital and income inequality in the U.S. Biography Angrist was born to a Jewish family in Columbus, Ohio, and raised in Pittsburgh, Pennsylvania, where he graduated from Taylor Allderdice High School in 1977. Angrist re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nobel Prize In Economics
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered by the Nobel Foundation. Although not one of the five Nobel Prizes which were established by Alfred Nobel's will in 1895, it is commonly referred to as the Nobel Prize in Economics. The winners of the Nobel Memorial Prize in Economic Sciences are chosen in a similar way, are announced along with the Nobel Prize recipients, and the prize is presented at the Nobel Prize Award Ceremony. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank, to commemorate the bank's 300th anniversary. It is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francesco Giavazzi
Francesco Giavazzi (born 11 August 1949 in Bergamo) is an Italian economist who is Professor of Economics at Bocconi University, and a regular visiting professor at MIT. Biography Giavazzi graduated in electrical engineering from the Politecnico di Milano university in 1972 and obtained a PhD in economics from Massachusetts Institute of Technology in 1978 under the supervision of Rudi Dornbusch. In addition to being a professor at Bocconi University in Milan, he is a Research Fellow and a Trustee of Centre for Economic Policy Research (CEPR), a member of the Strategic Committee of Agence France Trésor, and of the Group of Economic Policy Advisers to the President of the European Commission, José Manuel Barroso. During 2004 he was the Houblon-Norman Fellow at the Bank of England. During the D'Alema government (1998–2000) he was a member of the Council of Economic Advisers to the Italian prime minister. He was Director General of the Italian Treasury responsible for debt mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overshooting Model
The overshooting model, or the exchange rate overshoot hypothesis, first developed by economist Rudi Dornbusch, is a theoretical explanation for high levels of exchange rate volatility. The key features of the model include the assumptions that goods' prices are sticky, or slow to change, in the short run, but the prices of currencies are flexible, that arbitrage in asset markets holds, via the uncovered interest parity equation, and that expectations of exchange rate changes are "consistent": that is, rational. The most important insight of the model is that adjustment lags in some parts of the economy can induce compensating volatility in others; specifically, when an exogenous variable changes, the short-term effect on the exchange rate can be greater than the long-run effect, so in the short term, the exchange rate ''overshoots'' its new equilibrium long-term value. Dornbusch developed this model back when many economists held the view that ideal markets should reach equili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rudi Dornbusch
Rüdiger Dornbusch (June 8, 1942 – July 25, 2002) was a German economist who worked in the United States for most of his career. Early life and education Dornbusch was born in Krefeld in present-day North Rhine-Westphalia. After completing his secondary education at the Gymnasium am Moltkeplatz in Krefeld, he went to study abroad. He received his ''Licence en Sciences Politiques'' from the University of Geneva's Graduate Institute of International Studies in 1966, where he also stayed on for a year as an assistant in economics. He subsequently moved to the United States, where he obtained his Ph.D. in economics from the University of Chicago. Career He briefly worked as a lecturer in the Graduate School of Business at the University of Chicago. For two years he stayed at the University of Rochester as an assistant professor in the Department of Economics, followed by a year as associate professor of International Economics, again in the Graduate School of Business of the Unive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myron S
Myron of Eleutherae ( grc, Μύρων, ''Myrōn'' ), working c. 480–440 BC, was an Athenian sculptor from the mid-5th century BC. He was born in Eleutherae on the borders of Boeotia and Attica. According to Pliny's '' Natural History'', Ageladas of Argos was his teacher. None of his original sculptures are known to survive, but there are many of what are believed to be later copies in marble, mostly Roman. Reputation Myron worked almost exclusively in bronze and his fame rested principally upon his representations of athletes (including his iconic ''Diskobolos''), in which he made a revolution, according to commentators in Antiquity, by introducing greater boldness of pose and a more perfect rhythm, subordinating the parts to the whole. Pliny's remark that Myron's works were ''numerosior'' than those of Polycleitus and "more diligent" seem to suggest that they were considered more harmonious in proportions (''numeri'') and at the same time more convincing in realism: ''dili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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