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Welcome to the Department of Economics


Benjamin Moll awarded the 2015 European Investment Bank Prize
Benjamin Moll, an assistant professor of economics and international affairs, has been awarded the 2015 European Investment Bank Prize for excellence in economic and social research. More>>


Graduate alumni Anne Piehl (*94) winner of the Rutgers College Class of 1962 Presidential Public Service Award
The Rutgers College Class of 1962 Presidential Public Service Award honors members of the faculty, student body, or staff for volunteer service to government, professional and scholarly organizations, or the public. More>>


Trustees name three new chairs in Economics
Richard Rogerson has been named the Charles and Marie Robertson Professor of Public and International Affairs.
Mark Aguiar has been named the Walker Professor of Economics and International Finance.
Mikhail Golosov has been named the Chemical Bank Chairman's Professor of Economics.
All three chairs will be effective July 1st.

Quandt winners 2015

Elizabeth Bogan and Ilyana Kuziemko awarded The Quandt Prize
The Quandt Prize is awarded annually to outstanding undergraduate teachers of Economics.  The prize is named after Richard Quandt, who was on the Princeton faculty from 1956 to 1995, was twice chairman of the department, and who is now an emeritus professor and senior adviser to the Andrew Mellon Foundation.  The winners are chosen by the students each year. 


Harvey Rosen to receive Phi Beta Kappa teaching award
The Princeton University chapter of Phi Beta Kappa will give its annual awards for excellence in undergraduate teaching to Melissa Lane, the Class of 1943 Professor of Politics, and Harvey Rosen, the John L. Weinberg Professor of Economics and Business Policy.  Senior Alexander Sappington cited numerous examples of Rosen's "extraordinary" dedication and individualized attention as reasons for his selection.  "Whether you are the president of the United States or just an overeager freshman, Professor Rosen will treat you with the same patience and respect."   More>>

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Princeton saddened over deaths of John and Alicia Nash
The University community is "stunned and saddened" upon hearing news reports that Princeton mathematician John Nash and his wife, Alicia, were killed in a traffic accident.  Nash won the Nobel Prize in economics in 1994 for his work in game theory.  More>>

John Nash was honored at a conference hosted by the Economics Department for his 80th birthday in 2008.  More>> 

More recently John Nash was acknowledged at a Griswold Center symposium dinner and other Griswold Center events.  More>>


Ph.D. student Alexander Rodnyansky honored for Graduate School's annual Teaching Awards
The Graduate School has honored seven graduate students for its annual Teaching Awards in recognition of their outstanding abilities as teachers. More>>


Department Chair Janet Currie is a recipient of this year's Graduate Mentoring Award
Four Princeton University faculty members have been named recipients of the Graduate Mentoring Awards by the McGraw Center for Teaching and Learning and will be honored during the Graduate School's Hooding ceremony Monday, June 1, on Cannon Green. More>>


Deaton Elected to National Academy of Sciences
Angus Deaton, the Dwight D. Eisenhower Professor of International Affairs and a professor of economics and international affairs, has been elected a member of the National Academy of Sciences. More>>

Robert LaLonde

Chicago Federal Reserve to host Festschrift in honor of graduate alumnus Robert Lalonde (*85)

The Chicago Federal Reserve to host a Festschrift in honor of graduate alumnus Robert Lalonde (*85) April 17-18.  Bob Lalonde has been instrumental in popularizing the use of real world experimental methods to evaluate social programs.  A full program for the Festschrift is available here:  More>>


Graduate Alumni Jan Svejnar (*79) has been awarded the IZA prize in Labor Economics

The 2015 IZA Prize in Labor Economics goes to Czech-born economist Jan Svejnar, the James T. Shotwell Professor of Global Political Economy and Director of the Center on Global Economic Governance at Columbia University’s School of International and Public Affairs, New York.  More>>


Graduate Alumnus David Card (*83) awarded the BBVA prize jointly with Sir Richard Blundell

The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this seventh edition to Briton Richard Blundell and Canadian David Card for “their contributions to empirical microeconomics,” in the words of the jury’s citation. “Motivated by important empirical questions, they developed and estimated appropriate econometric models, making significant methodological contributions in the process.   More>>


Professor Gene Grossman has received the 2015 Onassis Prize for International Trade

Professor Gene Grossman has received the 2015 Onassis Prize for International Trade in recognition of his outstanding contributions to strategic trade policy, environmental economics and the economics of offshoring. Professor Grossman is widely acclaimed for his research on international competitiveness in research-intensive industries and has won numerous professional awards including the Bernard-Harms Prize from the Kiel InstituteMore>>


$10 Million from Alumnus Establishes Louis A. Simpson Center for the Study of Macroeconomics at Princeton
A $10 million gift from Louis Simpson, an alumnus of Princeton’s Graduate School, has established the Louis A. Simpson Center for the Study of Macroeconomics in the University’s Department of Economics. More>>


Oleg Itskhoki and Greg Kaplan recipients of 2015 Alfred P. Sloan Young Investigators Award
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Article by Matthew Parker posted on the U.S. Department of Labor Blog
"How Far Can Job Corps Take You? 4,318 Miles"


Nobuhiro Kiyotaki awarded the 2014 Banque de France-Toulouse School of Economics Senior Prize in Monetary Economics and Finance
The Biennial Senior Prize distinguishes academic researchers who have developed central concepts to improve understanding of Monetary Economics and Finance. More>>


Yuliy Sannikov selected as 2015 Fischer Black Prize winner

The American Finance Association’s Fischer Black Prize Committee has selected Professor Yuliy Sannikov of Princeton University as the recipient of the 2015 Fischer Black Prize. The prize is awarded to the person under 40 whose work best exemplifies the Fischer Black hallmark of developing original research that is relevant to finance practice. More>>


Former Princeton Economics Ph.D. student Thomas Laubach appointed as director of the Division of Monetary Affairs

The Federal Reserve Board on Tuesday announced the appointment of Thomas Laubach as director of the Division of Monetary Affairs, effective January 11, 2015. More>>

Avinash Dixit and Atif Mian listed on Financial Times Best books of 2014

Microeconomics: A Very Short Introduction
, by Avinash Dixit
Dixit demonstrates in this accessible book that economists do at least know a great deal more than nothing about microeconomics.  More>>

House of Debt
, by Atif Mian and Amir Sufi
Professors Mian and Sufi argue that “economic disasters are almost always preceded by a large increase in household debt”.  More>>


Five Princeton undergraduates placed second at the national finals of the College Fed Challenge, an annual monetary-policy competition hosted by the Board of Governors of the Federal Reserve System
The students, Joseph Atlas '16, Ararat Gocmen '17, David Perlman '16, James Siderius '16, and Evan Soltas '16, also won the regional qualifying round for the Federal Reserve Bank of Philadelphia district in November. In the competition, the team prepared a presentation on the U.S. economy, presented recommendations for monetary policy, and answered questions from senior Fed officials and research staff. Alan S. Blinder, the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, coached the team. More>>


Reinhardt receives Academy Medal for Distinguished Contributions in Health Policy
Given annually by the New York Academy of Medicine (NYAM), the award recognizes individuals in health policy, public health, clinical practice, biomedical research along with an individual who has made significant contributions to NYAM. more>>

Marco Battaglini, Mikhail Golosov and Ulrich Müller elected Fellows of The Econometric Society
Congratulations to Marco Battaglini, Mikhail Golosov and Ulrich Müller on being elected this year as Fellows of the Econometric Society.


Alan Blinder interviewed by the Carnegie Council

As part of the Carnegie Council Centennial Thought Leaders Forum, Carnegie Council's Devin Stewart spoke with Alan S. Blinder, the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University. More>>


Harold Kuhn, Princeton mathematician who advanced game theory, dies at 88

Harold Kuhn, a Princeton mathematician who advanced game theory and brought mathematical approaches to economics, died of congestive heart failure in New York on July 2. He was 88 years old. More>>


Janet Currie elected a Fellow of the American Academy of Arts and Sciences 

President Christopher L. Eisgruber and six other Princeton faculty members have been named fellows of the American Academy of Arts and Sciences. They are among leaders in scholarship, business, the arts and public affairs elected this year in recognition of their contributions to their respective fields. More>>


Benjamin Moll awarded a Kauffman Junior Faculty Fellowship in Entrepreneurship Research by the Ewing Marion Kauffman Foundation

Gregory C. Chow named a Distinguished Fellow of the American Economic Association  More>>


Janet Currie named Economics Department Chair

The Woodrow Wilson School of Public and International Affairs is thrilled to announce that Janet M. Currie, the Henry Putnam Professor of Economics and Public Affairs and the director of the Center for Health and Wellbeing (CHW), has been named chair of Princeton University’s Department of Economics. More>>

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Janet Currie elected to American Academy of Political and Social Science 

Janet Currie has been elected a fellow of the American Academy of Political and Social Science. More>>


Honorary Degree Ceremony for Professor Orley Ashenfelter

Orley Ashenfelter will receive an honorary degree from Charles University on January 15th, 2014 in Prague. Professor Ashenfelter, who is a former member of the CERGE-EI Executive and Supervisory Committee and a current member of the CERGE-EI Foundation Board of Directors, has been a long-time supporter of CERGE-EI. He is also one of the leading economists of our time. More>>

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Will Dobbie co-winner of W.E. Upjohn Institute 2013 Dissertation Award

Assistant Professor of Economics and Public Affairs Will Dobbie was announced as the co-winner of W.E. Upjohn Institute 2013 Dissertation Award for "Essays in Labor Economics." More>>


Reinhardt Awarded Outstanding Leadership in Health Care Award

Uwe Reinhardt, James Madison Professor of Political Economy and Professor of Economics and Public Affairs in the Woodrow Wilson School (WWS), is the recipient of the National Institute of Health Care Management’s (NIHCM) Outstanding Leadership in Health Care Award.  More>>


After The Music Stopped: The Financial Crisis, the Response, and the Work Ahead by Alan Blinder was named one of The 10 Best Books of 2013 by the editors of The New York Times Book Review

Blinder’s terrific book on the financial meltdown of 2008 argues that it happened because of a “perfect storm,” in which many unfortunate events occurred simultaneously, producing a far worse outcome than would have resulted from just a single cause.  More>>

Janet Currie Elected as a Fellow of the Econometric Society   More>>


Janet Currie Elected to the Institute of Medicine of the National Academy of Sciences

The Institute of Medicine (IOM) today announced the names of 70 new members and 10 foreign associates during its 43rd annual meeting. Election to the IOM is considered one of the highest honors in the fields of health and medicine and recognizes individuals who have demonstrated outstanding professional achievement and commitment to service. More>>


Dietrich Bequest Endows Economic Theory Center and Supports Financial Aid at Princeton

A substantial bequest from industrialist and philanthropist William S. Dietrich II, a member of Princeton University's Class of 1960, will endow the University's Economic Theory Center, which has been renamed in his honor.  More>>


Angus Deaton's New Book Advance Buzz

Angus Deaton, the Dwight D. Eisenhower Professor of International Affairs and Professor of Economics and International Affairs at the Woodrow Wilson School and author of "The Great Escape: Health, Wealth, and the Origins of Inequality" will discuss his book at 4:30 p.m. on Monday, October 21, 2013 in Dodds Auditorium, Robertson Hall.

The book chronicles the story of how, beginning 250 years ago, large numbers of people have achieved levels of well-being that were previously available only to a few individuals, and how this achievement has given rise to equally unprecedented inequalities. A public reception and book sale/signing will follow the discussion in Shultz Dining Room.

Deaton's interests include health, development, poverty, inequality, and wellbeing. He has consulted for the World Bank, on poverty measurement and on international comparisons, and for the Gallup Organization, exploring global and national links between life evaluation, hedonic wellbeing, income and health. He was the first recipient of the Econometric Society’s Frisch Medal, and was Editor of Econometrica in the 1980s. He is a Fellow of the British Academy and of the Royal Society of Edinburgh, and was President of the American Economic Association in 2009. He holds honorary degrees from the Universities of Rome, London, St Andrews, Edinburgh, and Cyprus. In 2012, his won the BBVA Foundation Frontiers of Knowledge Award in recognition of his life’s work.
 


Hyun Shin Announced as the Economic Advisor and Head of Research at the Bank for International Settlements

Hyun Shin was announced as the Economic Advisor and Head of Research at the Bank for International Settlements, with appointment to begin on May 1, 2014.  More>>


Ulrich Mueller named the top economist under 40 from a German-speaking country

Since 2006 , the Handelsblatt regularly examines the research performance of economics departments based on common international criteria. The Business Cycle Research (KOF ), ETH Zurich created the ranking based on the scientific publications of economists in professional journals. More>>


David S. Lee named provost of Princeton University

David S. Lee, professor of Economics and Public Affairs and the director of the Industrial Relations Section at Princeton University, will become provost effective July 1.  Lee's appointment was announced June 5 by Christopher L. Eisgruber, who has been provost since 2004 and will become the 20th president of the University on July 1.  More>>