University at Albany
 

Research

Our department has a long-standing mission to perform economic research that advances our knowledge in both theoretical and applied economics, and to disseminate that knowledge through publication in leading peer-reviewed journals. We have a strong faculty engaged in a wide range of applied and theoretical research.

Our strengths include econometrics, macroeconomics, microeconomic theory, labor economics, and public economics. Our faculty members have published and continue to publish their research in profession's most prestigious journals. Our faculty members' research has been supported by National Science Foundation (NSF), National Institutes of Health (NIH), Robert Wood Johnson Foundation, U.S. Department of Agriculture, U.S. Department of Transportation, and National Institute on Aging.

In addition to their own research, our faculty members hold 7 editorial board positions on some of the leading journals of the profession. Department members include two associate editors of journals and one NIH review panel member. Two members of the Department are research associates at the National Bureau of Economic Research (NBER), one is an Elected Honorary Fellow of International Institute of Forecasters, and one is a University Distinguished Professor.

In the 2012 rankings of Research Papers in Economics (RePEC)), the most comprehensive archive of economic research in the world, our department placed in the top 10% of all U.S. economics institutions, including academic and non-academic.



Department of Economics Highlights, June 2017 - May 2018

Pinka Chatterji published the paper "Effects of the 2010 Affordable Care Act Dependent Care Provision on Military Participation among Young Adults" with Xiangshi Liu and Baris Yoruk in a special issue on the Affordable Care Act in the Eastern Economic Journal (2018).

Pinka Chatterji was appointed Associate Editor of Journal of Health Economics in 2018.

Pinka Chatterji was appointed Associate Editor of Economics and Human Biology in 2017.

Pinka Chatterji was Co-Principal Investigator of a new grant, Paid Family Leave and its Impact on Health, Equity, and Business. Policies for Action, The Robert Wood Johnson Foundation (PI: Dennison, B., NYS Department of Health), October 2017-present. Total costs: $250,000.

Betty Daniel published "Asymmetries in Business Cycles: The Role of Oil Prices," co-authored with Christian M. Hafner, Hans Manner, and Leopold Simar (January 2017) forthcoming Macroeconomic Dynamics, published online July 2017.

Betty Daniel published "Taylor-Rule Exit Policies for the Zero Lower Bound," co-authored with Siddhartha Chattopadhyay (March 2017), forthcoming International Journal of Central Banking, December 2018.

Chun-Yu Ho's paper "Heterogeneous Effects of Trade Liberalization on Firm-level Markups: Evidence from China" with Xunyong Xiang, Feixiang Chen and Wen Yue was published at World Economy, 40(8): 1667-1686, 2017.

Chun-Yu Ho's paper "To Root or Not To Root? The Economics of Jailbreak" with Hong Chao, Tommy Leung and Travis Ng was published at World Economy, 40(8): 1667-1686, 2017.

Chun-Yu Ho's paper "Risk Taking after Absolute and Relative Wealth Changes: The Role of Reference Point Adaptation" with Hong Chao and Xiangdong Qin was published at Journal of Risk and Uncertainty, 54(2): 157-186, 2017.

Chun-Yu Ho's paper "International Knowledge Spillover through Trade: A Time-Varying Spatial Panel Data Approach" with Wei Wang and Jihai Yu was published at Economics Letters, 162, 30-33, 2018.

Chun-Yu Ho presented his paper "Foreign Bank Entry and Bank Efficiency: Evidence from China" at the Conference of China's Financial Markets and Growth Rebalancing, Fordham University, October 2017.

Chun-Yu Ho presented his paper "Foreign Bank Entry and Bank Efficiency: Evidence from China" at the Chinese Economic Association in North America, Philadelphia, January 2018.

Ulrich Hounyo published "Is the diurnal pattern su?cient to explain the intraday variation in volatility? A nonparametric assessment approach ", (co-authored with Kim Christensen, and Mark Podolskij), Journal of Econometrics 205(2), 336-362.

Ulrich Hounyo's paper "Bootstrapping high-frequency jump tests" (joint with Prosper Dovonon, Silvia Goncalves and Nour Meddahi) is forthcoming in Journal of American Statistical Association.

Ulrich Hounyo's paper "A local Gaussian bootstrap method for realized volatility and realized beta" is forthcoming in Econometric Theory.

Ulrich Hounyo received the Denis Sargan Econometrics Prize (shared with his coauthor Bezirgen Veliyev) from the Royal Economic Society in March 2018, for the best paper of 2016 by recent Ph.D.s in The Econometrics Journal.

Ulrich Hounyo visits University of California, San Diego (UCSD). Ulrich Hounyo spent a week (in Spring 2018) at Rady School of Management at UCSD. He visited his co-author Kim Christensen and worked on a joint research project.

Ulrich Hounyo presented his paper "Is the diurnal pattern su?cient to explain the intraday variation in volatility? A nonparametric assessment approach ", at International Association for Applied Econometrics (IAAE) Annual Conference, held at Montreal, June 26 - 29, 2018.

Ulrich Hounyo presented his paper " Inference for local distributions at high sampling frequencies: a bootstrap approach ", at New Frontier in Econometrics Conference, UConn, June 15-17, 2018.

Ulrich Hounyo presented his paper "Is the diurnal pattern su?cient to explain the intraday variation in volatility? A nonparametric assessment approach ", at New York Camp Econometrics XIII, April 6-8, 2018.

Ulrich Hounyo presented his paper "Is the diurnal pattern su?cient to explain the intraday variation in volatility? A nonparametric assessment approach ", at a seminar at Queen's University, Kingston-Ontario, December 19, 2017.

Ulrich Hounyo presented his paper "Is the diurnal pattern su?cient to explain the intraday variation in volatility? A nonparametric assessment approach ", at Canadian Econometric Study Group (CESG) meetings, York University, Toronto, October 20-22, 2017.

Laurence Kranich's paper "Divide-and-Choose with Nonmonotonic Preferences" was accepted for publication in Economic Theory Bulletin.

Laurence Kranich's invited contribution "Modeling Behavior: A Critical Agenda" is forthcoming in Future of Economic Design, edited by J.-F. Laslier, H. Moulin, R. Sanver, and W. Zwicker, Springer.

Laurence Kranich presented his paper "Equity in Production Economies with Dedicated Factors" in a Departmental Seminar, September 11, 2017

Kajal Lahiri published "On-line Learning and Forecast Combination in Unbalanced Panels" (with H. Peng and Y. Zhao), Econometric Reviews. Vol. 36, Issues1-3, 2017, 257-288.

Kajal Lahiri published "Forecasting Consumption: The Role of Consumer Confidence in Real Time with Many Predictors" (with G. Monokroussos and Y. Zhao), Journal of Applied Econometrics, Vol.31 (Nov/Dec), Issue 7, 2017, 1254-1275.

Kajal Lahiri published "Diabetes and Labor Market Exits: Evidence from the Health & Retirement Study (HRS)", (with P. Chatterji and H.S. Joo), Journal of the Economics of Ageing, Vol. 9, 2017, 100-110.

Kajal Lahiri published "Confidence Bands for ROC Curves with Serially Dependent Data" (with L. Yang), Journal of Business and Economic Statistics, 2018, 36:1, 115-130.

Kajal Lahiri published "Inflation Expectations in India: Learning from Household Tendency Surveys" (with A. Das and Y. Zhao), Forthcoming in International Journal of Forecasting.

Kajal Lahiri published "International Propagation of Shocks: A Dynamic Factor Model Using Survey Forecasts" (with Y. Zhao). Forthcoming in International Journal of Forecasting.

Special Issue of Empirical Economics was published in honor of Kajal Lahiri: "Forecasting, use of survey data on expectations, and panel data applications", August 2017, Issue 1, pp.1-372.

Kajal Lahiri was awarded Journal of Applied Econometrics Distinguished Author, 2017.

Kajal Lahiri was appointed as Member, Special Emphasis Panel, National Institute of Minority Health and Health Disparities, National Institutes of Health, July 26-28, 2017.

Yue Li's paper "Economic Analysis of Social Security Survivors Benefits'', was forthcoming in International Economic Review

Yue Li's paper "The Effects of Collecting Income Taxes on Social Security Benefits" (with John Bailey Jones) was published at Journal of Public Economics, March 2018; 159: 128-145

Yue Li's paper "Paradoxical Effects of Increasing the Normal Retirement Age: A Prospective Evaluation" was published at European Economic Review, January 2018; 101: 512-527

Yue Li's paper "Early Coverage Expansions under the Affordable Care Act and Supplemental Security Income Participation"( with Pinka Chatterji) was published at The Journal of the Economics of Ageing, December 2017; 10: 75-83

Gerald Marschke's paper "High-Impact and Transformative Science (HITS) Metrics: Definition, Exemplification, and Comparison" (joint with Joseph Staudt, Huifeng Yu, Robert P. Light, Katy B?rner, and Bruce A. Weinberg) was published in PLoS ONE (July 2018).

Gerald Marschke's paper "Last Place: The Intersection between Ethnicity, Gender, and Race in Biomedical Authorship." (joint with Allison Nunez, Bruce A. Weinberg, and Huifeng Yu) was published in American Economic Association Papers and Proceedings (May 2018).

Gerald Marschke is in the second year of a three-year project, "Labor Market Outcomes of STEM PhDs: Measuring Career Earnings and Occupation Trajectories," funded by the National Science Foundation, $499,452.00. Start date of funding 4/1/2017, End date of funding 3/31/2020. (Marschke, Principal Investigator)

Gerald Marschke is in the fifth year of a five-year project, "Aging of the Scientific Workforce and the Production of High Impact and Transformative Research," funded by the National Institutes of Health, $1,361,791.00. Start date of funding 9/30/2013, End date of funding 9/30/2018. (Marschke, Senior Investigator)

Gerald Marschke received a Supplemental Grant for his project, "Aging of the Scientific Workforce and the Production of High Impact and Transformative Research," funded by the National Institutes of Health, $37,686.00 to SUNY Albany. Start date of funding 9/15/2017, End date of funding 6/30/2018. (Marschke, Senior Investigator)

Gerald Marschke received a Supplemental Grant for his project, "Aging of the Scientific Workforce and the Production of High Impact and Transformative Research," Sponsored by National Institutes of Health, $40,000.00 for Graduate Assistant, SUNY Albany. Start date of funding 9/15/2018, End date of funding 6/30/2019. (Marschke, Senior Investigator)

Gerald Marschke received a Supplemental Grant for his project, "Diversity Supplement: Aging of the Scientific Workforce and the Production of High Impact and Transformative Research," Sponsored by National Institutes of Health, $58,312.00. Research Supplement to Promote Diversity in Health-Related Research to fund research of PhD student Allison Nunez, Department of Economics, SUNY Albany. Start date of funding 9/15/2018, End date of funding 6/30/2019. (Marschke, Senior Investigator)

Gerald Marschke presented his paper "Age and the Quantity and Quality of Science: Evidence from Big Data on Biomedical Scientists" (joint with Huifeng Yu, Matthew B. Ross, Joseph Staudt, and Bruce A. Weinberg) at the Rensselaer Polytechnic Institute, Troy, NY (October 31, 2017).

Gerald Marschke presented his paper "Last Place? The Intersection between Ethnicity, Gender, and Race in Biomedical Authorship" (joint with Allison Nunez, Bruce A. Weinberg, and Huifeng Yu) at the IZA World Labor Conference 2018, Berlin, Germany (June 28, 2018).

Adrian Masters was a discussant for the paper "Tough Middlemen: A Theory of Intermediation as Pure Rent Extraction" By Maryam Farboodi (Princeton), Gregor Jarosch (Stanford) and Guido Menzio (Penn) presented at the Money, Banking, and Asset Markets conference in Madison, WI, September 2017.

Adrian Masters presented his paper "Optimal minimum wage policy with voluntary Participation" at the University of Essex (UK) Search and Matching workshop in May 2018

Byoung Park's paper "Weak convergence of local quantile treatment effect processes" with J. Kim was published at Economics Letters.

Byoung Park's paper "How do sales efforts pay off? Dynamic panel data analysis in the Nerlove-Arrow Framework" with D. Chung and B. Kim is forthcoming at Management Science.

Byoung Park presented a paper "Testing for rank similarity in semiparametric models" at Western Economic Association International conference.

Byoung Park presented a paper "Testing for rank similarity in semiparametric models at North American Summer Meeting of the Econometric Society.

Michael Sattinger presented "Optimal Income Taxes, Transfers and Inequality for an Atkinson-Based Social Welfare Function" at Aarhus University, Denmark, October 2017.

Michael Sattinger's paper "Double Limit Analysis of Optimal Personal Income Taxation" was published in Oxford Economic Papers 70(1), January 2018, 93-113.

Baris K. Yoruk's paper "Health insurance coverage and risky health behaviors among young adults" was published at B.E. Journal of Economic Analysis and Policy, 17, 1-21 (2017).

Baris K. Yoruk's paper "The impact of the false ID laws on alcohol consumption among young adults: New results from the NLSY97" was published at Journal of Health Economics, 57, 191-194 (2018).

Daiqiang Zhang's paper "Optimal Model Averaging of Varying Coefficient Models" with Cong Li, Qi Li, and Jeffrey Racine was accepted at Statistica Sinica

Daiqiang Zhang's paper "Simple Menus of Cost-based Contracts with Monotone Optimal Effort" with Yonghong An was accepted at Journal of Public Economic Theory

Daiqiang Zhang Presented "Identification and Estimation of Multi-Period Simple Contracts" at Midwest Econometric Group Conference, College Station, TX, October 20, 2017

Daiqiang Zhang Presented "Structural Analysis of Contracting with Externalities" at New York Camp Econometrics XIII, Bolton Landing, NY. April 6, 2018

Daiqiang Zhang Presented "Structural Analysis of Contracting with Externalities" at International Industrial Organization Conference, Indianapolis, IN. April 22, 2018

Daiqiang Zhang Presented "Structural Analysis of Contracting with Externalities" at New Frontier in Econometrics Conference, University of Connecticut, Stamford, CT. June 15, 2018