Rachel McCulloch just returned from a six week “busman’s holiday” in Bologna, Italy.  She was teaching an accelerated intermediate micro course for entering students in the master’s program in international relations of the Johns Hopkins School of Advanced International Studies (SAIS).  SAIS is based in Washington, DC, but about half of the master’s students spend […]



If you have taken Econ 82b, you know that standard macroeconomic theory suggests that when the economy is producing less its potential, firms have an incentive to cut prices and increase the quantity demanded for their products. This combination of falling prices and rising output tends to move the economy, as a whole, back to […]



If you follow the stock market, you know that last week stock prices fell quite a bit.  In fact prices fell so sharply that the Dow Jones Industrial Average (DJIA)  is now below its average level calculated over the prior 200 days.  For some people, crossing this threshold implies that the market is now a […]



We were delighted to learn that President Lawrence has appointed Lisa Lynch as Brandeis University’s newest Provost. While most of you may know Lisa as Dean of the Heller School for Social Policy and Management and the Maurice B. Hexter Professor of Social and Economic Policy, she is also a member of the Economics Department. […]



We are pleased to share the news that our friend and colleague, Adam B. Jaffe, was appointed Research Professor in Economics.  This appointment is in addition to his appointment as Professor Emeritus. Adam is working on a research project with Professor Margie Lachman in the Psychology Department looking at how peoples’ changing cognitive abilities over […]



Today’s New York Times has an article on the rising value of the U.S. dollar. One of the drivers of the recent strengthening of the dollar is that the U.S. economy is growing while the recovery in Europe has stalled.  There are concerns that the rise in the dollar will hinder U.S. growth But Stephen […]



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