Two of our Economics faculty, Jean-Paul L’Huillier and Raphael Schonle, were featured in Brookings Hutchins Center on Monetary and Fiscal Policy Roundup. Here’s an excerpt of the feature:

“Persistently low inflation leads to lower nominal interest rates and limits the monetary space—how much nominal rates can be cut—that central bankers have to fight a recession. Some economists argue that a higher inflation target could create more monetary space by increasing inflation, and thus nominal interest rates. Jean-Paul L’Huillier of Brandeis and Raphael Schoenle of the Federal Reserve Bank of Cleveland find that monetary space does not respond one-for-one to an increase in the inflation target: a 2-percentage point increase in the inflation target would only generate 1.28-percentage points of monetary space; to get the intended 2 percentage points of space, the inflation target would need to increase about 3 percentage points. Firms adjust prices more frequently when inflation is higher, the authors reason, therefore monetary policy is less effective, and central banks must respond more aggressively. As a result, the optimal inflation target needs to be approximately 1 percentage point higher to account for the loss of potency.”

To learn more about our faculty research, you can read their working paper on this topic here.

What is China’s globalization strategy after Coronavirus? Check out the rest of the article by Prof. Habibi’s and Brandeis Economics Alumnus Hans Zhu, ’18.

Read the rest of the article here.

In his most recent article for International Policy Digest, Professor Nader Habibi discusses the ramifications that Covid-19’s wide spread can have on the world’s economy.

Read the rest of his article here.

Broken up virus illustration being halted by a human hand

 

 

 

 

 

 

 

In a recent article written for The Conversation, Prof. Nader Habibi discusses how a “coordinated response” from all countries will be the only long-term solution to combat the COVID-19 Pandemic.

Read the whole article here.

 

In a recent article for The Diplomat, Professor Nader Habibi discusses how the “[China-Pakistan Economic Corridor] will affect China’s economic and geopolitical relations with the Middle Eastern countries, particularly the Gulf Cooperation Council members [. . . ] and Iran.”

To go along with this article, Prof. Habibi will be giving a talk about “[the] implications for the Middle Eastern countries'” involved in this trade deal on January 31st, 2020 at 12pm in room G4 at the Heller School at Brandeis University.

Read the full article here.

More information about Prof. Habibi’s speaking engagement to follow.

“To a large segment of Saudi women, [MbS] reform not only put an end to unfair social discrimination, but it also made it affordable for them to engage in business activities and accept employment opportunities.”

Read the rest of the article here.

Timothy Taylor, longtime writer of the Conversable Economist blog, recently posted a piece about the efficacy of incorporating video into introductory economics classes. Taylor touted that “[using video clips in intro lectures] can be a useful practice because it gives [the students] a sense that they are being introduced to a universe of economists, not just to one professor and a textbook.”

Taylor then goes on to explain how Amanda Bayer and Judy Chevalier have compiled video clips that would be most useful in an “Intro to Economics” class. Selecting the highlights of the compiled clips, Taylor noted that Dean Graddy’s work on the Fulton Fish Market in NYC could “easily be incorporated into an intro presentation.” He then cited her 2006 article on the same subject which was featured in the Spring issue of the Journal of Economic Perspectives.

Read Taylor’s entire blog post here.

Read Dean Graddy’s article about the Fulton Fish Market from the Spring 2006 issue of the Journal of Economic Perspectives here.

In his most recent Op-Ed article with “The Globe Post”, Prof. Nader Habibi weighs in on the strained relationships between Middle Eastern countries. Read Prof. Habibi’s article here.

The Econ department’s very own Professor Joshua Goodman was recently quoted in The Hechinger Report about new research that has been done about the efficacy of tuition cuts and it’s impact on the institution itself. Read the article here.

 

Wednesday, May 1st, 2019. It’s a day that will be marked in Brandeis history. Professor H. Michael Coiner gave his final lecture at Brandeis. Olin- Sang 101 was filled with students from the economics 2a course, A Survey of Economics, as well as faculty from the economics department and students who just wanted to attend his last lecture. Professor Coiner was his usual vibrant self throughout and when he was done, he wiped the chalk off of his hands, looked up at the students, and said, “And that’s the course”. This brought a huge round of applause from all who attended. One graduating senior, Darhan Rzaev, the Economics UDR, immediately went up to Professor Coiner to shake his hand and said to him “Yours was the first class I ever took at Brandeis and today it is the last one”.

Darhan Rzaev and Professor Mike Coiner

Mike’s retirement was celebrated by many in the World Court of the IBS building on Tuesday, April 17th where the soon-to-be endowed “Michael Coiner Scholarship Fund” was announced. Once this fund is endowed, students recipients this scholarship will be known as “Michael Coiner Scholars”.

The overwhelming amount of thank you’s and heartfelt expressions just don’t seem to express all that will be missed about Mike Coiner. We wish him the very best and look forward to celebrating the future scholars in his name!

 

 


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