The NBER Reporter 2019 Number 3: News
The NBER Board of Directors elected six new members — two representing universities, one a professional society, and three at large — at its September 2019 meeting.
Timothy Beatty is the new representative of the Agricultural and Applied Economics Association (AAEA). A professor of agricultural and resource economics at the University of California, Davis, his research focuses on the empirical analysis of consumption behavior, particularly the demand for nutrition and health, and on the links between consumption and health outcomes. He has served as co-editor of the American Journal of Agricultural Economics and is currently a member of the executive board of the AAEA. Beatty received his B.A. from Université Laval, an M.Sc. from the University of Montreal, and his Ph.D. from the University of California, Berkeley. He taught at the University of Minnesota and the University of British Columbia before joining the faculty at Davis.
Susan M. Collins is a new at-large director. She is the Edward M. Gramlich Collegiate Professor of Public Policy, professor of economics, and former dean of the Gerald R. Ford School of Public Policy at the University of Michigan. Collins is an international economist whose research interests center on understanding and fostering economic growth in both developed and developing nations. She received her B.A. in economics from Harvard College and her Ph.D. in economics from MIT. She has been an NBER affiliate in the International Finance and Macroeconomics Program since 1984. She served on the faculties at Harvard University and Georgetown University before joining the Michigan faculty. She is a member of the boards of directors of the Federal Reserve Bank of Chicago and the Peterson Institute for International Economics and is a member of the Council on Foreign Relations.
Maureen Cropper is the new representative of the University of Maryland, which is one of two universities that this year were invited to join the list of universities that nominate NBER directors. She is a Distinguished University Professor and is an environmental economist who has studied many topics in this field, including the links between air and water pollution, the risk of chronic illness, and life expectancy, of the impact of climate change on migration, and the role of collective action in pandemic flu control. Cropper is the past president of the Association of Environmental and Resource Economists, a past chair of the Environmental Economics Advisory Committee of the Science Advisory Board at the US Environmental Protection Agency, and a Senior Fellow at Resources for the Future. She received her B.A. in economics from Bryn Mawr College and her Ph.D. from Cornell University. A research associate in the NBER Program on Environment and Energy Economics since 2007, she is also an elected member of the National Academy of Sciences.
Graham Elliott is the new representative of the University of California, San Diego, the second university that was asked this year, for the first time, to nominate an NBER director. He is a professor of economics and the current department chair. His research focuses on econometrics and statistical theory, particularly the design of tools for hypothesis testing in time series econometric applications and on economic forecasting. More recently he has begun work on issues revolving around the application of energy storage in grid applications. Elliott received his undergraduate degree from the University of New South Wales and his Ph.D. from Harvard University. He served as co-editor of the International Journal of Forecasting for eight years and as associate editor of a number of other journals in the fields of economics and statistics. He is a co-author of Economic Forecasting.
Douglas Peterson is a new at-large director. He is president and chief executive officer of S&P Global, a global financial services and data analytics firm that he joined in 2011 after a long career at Citigroup. He previously served as the chief operating officer of Citibank, N.A., Citigroup's principal banking entity, with operations in more than 100 countries. Peterson leads S&P Global's drive to support global capital and commodity markets with transparent, innovative, and independent credit ratings, benchmarks, analytics, and data. He serves on the boards of directors of the Business Roundtable and the Japan Society, is a member of the Council on Foreign Relations and the US-India Forum, and co-chairs the World Economic Forum's "Shaping the Future of Long-Term Investing" initiative. He received his B.A. in history and mathematics from Claremont McKenna College, where he is a member of the Board of Trustees, and his M.B.A. from the Wharton School at the University of Pennsylvania.
Mark Weinberger is a new at-large director. He is the former global chairman and chief executive officer of EY, a global professional services firm that is best known as one of the "Big Four" accounting firms. Under his leadership, the company successfully executed over 120 acquisitions to expand its digital and operational capabilities in cybersecurity, artificial intelligence, and data. Within the organization, Weinberger championed increasing diversity and creating an inclusive culture at all levels, and helped reshape the company's highest governing body to reflect the diversity of EY's employees, clients, and the communities in which EY operates. Weinberger served as assistant secretary of the US Department of the Treasury in the administration of President George W. Bush, and was appointed by President William J. Clinton to serve on the US Social Security Administration Advisory Board. He plays an active role in the World Economic Forum, serves on the board of directors of the US Business Roundtable, and is also vice chair of the Corporate Fund Board at The Kennedy Center for the Performing Arts. Weinberger received his B.A. from Emory University, an M.B.A. and J.D. from Case Western Reserve University, and an L.L.M. in Taxation from Georgetown University.
A complete listing of members of the NBER Board of Directors
Ralph S.J. Koijen of the University of Chicago and Sydney Ludvigson of New York University are the new co-directors of the NBER's Asset Pricing Program, succeeding Monika Piazzesi of Stanford University.
Koijen is the AQR Capital Management Professor of Finance and the Fama Family Fellow at Chicago's Booth School of Business. His research spans the fields of financial economics, insurance economics, and macroeconomics. He was awarded the Fischer Black Prize by the American Finance Association this year. The award is given biennially to the top financial economics scholar under the age of 40.
Koijen received his undergraduate degree in econometrics and his Ph.D. in finance from Tilburg University in the Netherlands. In addition to Chicago, he has taught at London Business School and New York University’s Stern School of Business. Koijen has been an NBER affiliate since 2010; he is a co-editor of the Review of Financial Studies.
Sydney Ludvigson is the Julius Silver, Roslyn S. Silver, and Enid Silver Winslow Professor of Economics at New York University. She is also the chair of the Economics Department. Her research centers on the interplay between asset markets and macroeconomic activity, particularly the factors that determine the risk premia on stocks, bonds, and real estate investments, and the links between uncertainty and business cycle fluctuations.
Ludvigson received her undergraduate degree in economics from the University of California, Los Angeles and her Ph.D. from Princeton University. She began her career at the Federal Reserve Bank of New York and joined the NYU faculty in 2001. An NBER affiliate since 2003, Ludvigson has been an Alfred P. Sloan Fellow, directed the C.V. Starr Center for Applied Economics at NYU for nearly a decade, and was a board member of the Academic Female Finance Committee of the American Finance Association.
Researchers from 40 countries and 474 institutions participated in the 42nd annual NBER Summer Institute, which was held in Cambridge over a three-week period in July. Nearly 2,900 participants took part in 52 distinct meetings arranged by 104 organizers.
There were 575 first-time participants, and 224 graduate students, at the 2019 Summer Institute. About two-thirds of the participants were not NBER affiliates. Researchers submitted 2,990 distinct papers, of which 547 were included on the program.
Katherine Baicker, dean and Emmett Dedmon Professor at the University of Chicago Harris School of Public Policy, delivered the 2019 Martin Feldstein Lecture on "Economic Analysis for Evidence-Based Health Policy: Progress and Pitfalls." Her presentation described both the importance of integrating empirical evidence on the behavior of prospective patients and health care providers into the design of health care policies and the challenges of doing so. An edited text of her lecture appears earlier in this issue of the NBER Reporter. Edward Miguel, the Oxfam Professor of Environmental and Resource Economics at the University of California, Berkeley presented the 2019 Methods Lecture, speaking on “Research Transparency and Reproducibility.” His talk offered a number of strategies for improving the documentation associated with empirical projects in economics, and thereby enhancing the capacity for replication.