University at Albany

Excellence in Research

Each year, the University at Albany honors special members of its community with Excellence Awards denoting exceptional contributions to the life of the campus. Four faculty members received this tribute in 2002 for Excellence in Research.

Betty C. DanielBetty C. DanielEconomics

A member of the University at Albany faculty since 1983, Professor Betty Daniel formerly served on the Board of Governors of the Federal Reserve System and was an assistant professor at Tulane University. Her research has been in the general area of open economy macroeconomics, the problems of aggregate economic activity for a country substantially engaged in trade and financial movements with other countries. Two major topics of her research have been the dynamics of exchange rates and the effects of fiscal and monetary policy on financial markets and overall economic activity.

Daniel’s publications and citations lauding her work rank her as one of the top macroeconomists in the discipline. Her recent papers include The Fiscal Theory of the Price Level in an Open Economy, published in the Journal of Monetary Economics, one of the major journals in the area of macroeconomics. Another of her papers, A Fiscal Theory of Currency Crises, was published in International Economic Review, a major theory journal in economics.

Her prominence in the field is evidenced by the visiting positions she has held. Daniel, a visiting scholar at the Federal Reserve Bank of San Francisco during the spring of 2001, was also a Distinguished International Visiting Professor at the University of California-Santa Cruz in 2000-2001. In addition, she has held visiting positions at numerous other institutions, including Dartmouth College, Osaka University, Australian National University, and the University of New South Wales. Her expertise in the field was also reflected in her membership on the board of the Journal of Macroeconomics.

A mentor to untenured faculty members, Daniel has supervised many doctoral dissertations. Three of her students have won Outstanding Dissertation Awards.

Excellence in Research

Henryk Baran Lindsay N. Childs Betty C. Daniel John S. Justeson
Henryk Baran
Literatures, and
Lindsay N.

and Statistics
Betty C.

John S.


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