Economics News Archive

  • Can income redistribution help fight depression?

    Research conducted by David Clingingsmith, associate professor of economics, finds that increasing the relative tax burden of the rich can boost the well-being of society as a whole.
  • Underwater: household finances after Hurricane Katrina

    New research by Justin Gallagher, assistant professor of economics at Weatherhead, and Daniel Hartley of the Federal Reserve Bank of Cleveland shows that many of New Orleans’ residents saw a significant reduction to their overall debt after Hurricane Katrina and only experienced minor financial setbacks.
  • College State Director

    No Labels is looking for a College State Director, an entrepreneurial student who is willing to organize a chapter on their campus, and to foster development and growth of chapters throughout their state. This student will receive a stipend, the support they need to travel throughout the state, and the opportunity attend (at no cost) the October 5 unveiling of the National Strategic Agenda in Concord, NH. All College State Directors automatically become a member of our national leadership committee, granting access to No Labels’ network across the country.
  • Fiscal Challenge Competition

    Can you put the U.S. on a sustainable fiscal path? Each year, the U.S. federal government spends more than it earns. This is called a budget deficit. Over time, these deficits accumulate into what is called the national debt. Currently, the U.S. national debt (publicly held) is about $12trln. The nonpartisan CBO estimates that this number could rise to more than $20tlrn by 2024. How might this fiscal imbalance impact the health of the U.S. economy and the prospects for job creation? How might this level of debt impact our status as leaders in the global economy? How might spending beyond our means today impact our ability to react to adverse shocks in the future? These are some of the most pressing issues facing policy makers today, and I want your help in solving them. I invite you to join the Fiscal Challenge. This a competition wherein teams of undergraduate students from colleges and universities from across the country devise and defend their plans for putting the U.S. on a sustainable fiscal. Teams work through early spring semester to craft a plan to achieve a particular fiscal objective. This year, that objective is to stabilize the Debt to GDP ratio at its current level by the end of a 25yr planning horizon. Each team submits their plans by March 13, 2015. We identify the top four, and send the finalists to Washington D.C. on April 14, 2015. Once there, teams will present their plan in front of a panel of expert judges, including Jared Bernstein, Charles Blahous, Don Marron, and Alice Rivlin. The judges will ask the tough questions, and evaluate team responses. The winners are announced and award are presented. The teams then get to tour DC, meet with policy makers, and get a taste of how their plans might be implemented. All the details of the competition can be obtained through our website For instructors, this is a topical and substantive experiential learning exercise that pays dividends for our students while they are in school and beyond. For students, you are the ones whom these issues will impact most directly. The fiscal decisions today are going to impact you tomorrow. Who better to tackle them now than our future leaders.
  • Research Assistants - Federal Reserve Bank

    Each year, the Board hires approximately 80 recent graduates in economics, math, or related fields as RAs. These positions are highly competitive and very quantitative in nature. While at the Board, RAs work closely with economists and analysts on a broad range of topics covering real-world policy issues and academic-type research. After their time at the Board, many of our RAs move on to top graduate school programs. To be considered for these positions, candidates must submit application materials by January 31 for the Spring recruiting season. Complete application instructions are available at A limited number of summer internships are also available each year. Application procedures and deadline information for this program can be found at
  • Research Assistant - Federal Budget and Tax Policy

    The Center on Budget and Policy Priorities is seeking to hire two Research Assistants, one to work with the Federal Budget and Tax team and the other to work with the State Fiscal Project. These roles are excellent opportunities for any of your students who have a strong quantitative background, a desire to improve the lives of low- and moderate-income people, and an interest in shaping federal or state budget and tax policy. The full job descriptions can also be found at the following links: · Research Assistant - Federal Budget and Tax Policy · Research Assistant - State Fiscal Project These positions are exceptional entry-level roles for the right candidates. Based in Washington D.C., the Center is a non-profit research organization with a national reputation for rigorous analysis of budget and tax policies and an ability to influence policy debates. Under the supervision of senior experts, our research assistants receive strong training in producing meticulous, relevant analyses, and a unique insight into federal and state policymaking processes.
  • Robin Dubin discusses tax changes for Forest City on NPR

    Economics Chair says "real estate investment trust," or REIT status for Forest City Enterprises will cut what the company pays in corporate taxes.
  • Career Connections

    On opportunity for 1st and 2nd year undergrad students to shadow an alumnus in your field over spring break. Workshops: January 20: 6-8 pm NORD 356 January 23: 12:30-2 pm NORD 356 You must attend ONE workshop to participate. RSVP via CWRU Link Career Center-CWRU-368-4446 or
  • Research Associate Opening at Federal Reserve Bank of San Francisco

    We are looking for recent graduates to join the Economic Research Department as Research Associates this June or July at the San Francisco Federal Reserve. The positions are full-time, salaried, and offer full benefits. If possible, we would like to request that this email be forwarded to the graduating students in your department to alert them of these openings. Research Associates work closely with economists at the top of their fields on a variety of research questions and real-world policy issues while developing a toolkit beneficial for graduate study and future career paths. Research Associates typically stay with the Department for two years, with many going on to competitive graduate programs. The Bank’s tuition reimbursement program and flexible work schedule also serve to encourage continued learning. We seek exceptional individuals with superior academic records and strong written and oral communication skills. Competitive candidates should have intermediate coursework in economics and a strong foundation in mathematics and statistics, demonstrated through courses such as calculus, linear algebra, and regression analysis. We also look for prior research experience, demonstrated interest in economics, and familiarity with statistical programming packages such as STATA, MATLAB, and SAS. The Economic Research Department is committed to attracting, developing, and retaining a diverse workforce. As such, we especially encourage submissions from less represented groups including women and minorities. The Bank recognizes the benefit derived from different perspectives and looks to foster this when reviewing applications. Candidates can find additional information and apply for the position at:
  • Research Analyst Opportunities

    As a research analyst, you will be responsible for assisting our economists with various duties: o Performing advanced econometric, computational, and analytical research intended for publication in leading academic journals as directed by economists. o Programing in statistical packages such as SAS, Gauss, RATS, Stata, Matlab, R, Mathematica, and EViews. o Reviewing and organizing economic and financial data. o Compiling, reviewing, and assessing information from academic journals, market sources, and government reports. o Assisting in developing memos and presentations on current economic and financial conditions and policy issues. o Developing spreadsheet macros and programs to facilitate and improve data manipulation and analysis. Research analysts frequently continue their academic education after spending two or three years working with the division’s Ph.D. economists. How to Apply? Interested applicants must email all of the following to o A cover letter o Resume o Copy of unofficial transcripts from all colleges or universities attended. o Completed applicant summary file Applications will not be considered without all of these materials. For questions or concerns, contact