Glenn Hubbard , Dean and Russell L. Gregory Mankiw , Robert M. Panel: Immigration and the U. Keynote Closing Remarks: Alan S. How should the United States respond to the efforts of emerging market economies to play a more assertive role in world affairs?
Blinde r, Gordon S. Panel: U. Labor Market: Where has it been and where is it going? Politicians or the Central Bank? Information By invitation only: Restricted to Princeton University students, faculty, fellows, and invited guests. Video R. Panel: Structural Changes in the U. Student Speakers:. Winner of the Walter C. Karthik's thesis analyzes the employment effects of the Trump Tariffs in the automobile and apparel industries and finds that the Trump Tariffs had no significant effect on domestic employment in both industries.
Overall, the results of her thesis suggest that the observed relationship between student loan debt and horizontal mismatch for STEM majors could be influenced by 1 the incentive to obtain a higher- paying job so as to repay debt more quickly and 2 the statistically significant and large wage penalties faced by STEM majors if they work in an occupation that is completely unrelated to their college major. Tiffany's thesis finds that the use of unconventional monetary policy and quantitative easing by the European Central Bank ECB , specifically the large-scale Asset Purchase Program, moved through the monetary policy transmission mechanism in markedly different ways than did conventional policy measures.
Specifically, the heterogeneity in transmission mechanism resulted in varying response strengths in the largest four nations of the European Monetary Union—France, Germany, Spain and Italy. In the pre-crisis and crisis periods, Germany had the strongest output response, and Spain the weakest; when data for unconventional policy measures were included, the strength rankings flipped, indicating differences in estimated output responses of the different policy regimes in the Bayesian model.
The change in cross-country rankings of response strength across different samples cannot be attributed to the evolution of structural characteristics—industry mix, export share, wage and employment rigidities—in these countries, suggesting the existence of new channels of policy transmission.
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FIN Wednesdays, pm by appointment on Zoom. Class of Professor of Political Economy, Emeritus. Professor of Economics, Emeritus. People See all members of the center below, including faculty affiliates, current visitors and scholars, and Princeton BCF staff. Faculty Scholars Staff. Clear All. Mark A. Yacine Ait-Sahalia Otto A. Hack '03 Professor of Finance Website Ph. Caio Almeida Lecturer Website Ph.
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