Affiliated Faculty

Marianne Baxter’s research is in the fields of macroeconomics and international economics.  In research related to her prior work on macroeconomic consequences of home production, she has been engaged in a large-scale econometric analysis of household expenditures and household time use as they pertain to home production.  She is also working with a new data set using IKEA catalogs from many countries and up to twenty years to study the determinants of departures from the law of one price.

Samuel Bazzi’s research interests span labor and macroeconomics. His current research examines the role of labor mobility in the development process. He has studies looking at how income growth in poor countries affects international migration,  the role of recruiter intermediaries in facilitating international labor mobility,  the importance of migrants’ skill transferability for regional economic development, and the effect of trade liberalization on labor reallocation across firms. Other work investigates the causes of conflict and barriers to the entry and growth among small firms. His primary ongoing projects are in Brazil and Indonesia.

Christophe Chamley’s research is on social learning, coordination of expectations and markets in macroeconomics, and in the history of states’ finances from 5000 BC to the 19th century.

Randall Ellis’ recent research focuses on how payment systems affect consumers, health care providers and health plans.  In June 2014 he completed his final two years as Past President of the American Society of Health Economists.  His research on risk adjustment and predictive modeling resulted in payment models being used in the US since 2000 and Germany since 2009, with similar models being evaluated in other countries. During the past year Ellis has given talks in the US and Australia. He is currently collaborating with researchers in the US, Australia, Chile, and China, and as well as with multiple graduate students on US and developing country topics.

James Feigenbaum is an economic historian and a labor economist whose research explores the roots of economic inequality and intergenerational mobility. Recent projects include studies of the negative effects of the Great Depression on economic mobility, the short- and long-run effects of wartime capital destruction during the US Civil War, and estimating the effect of lead exposure and violent crime in the early 20th century.

Ivan Fernandez Val specializes in theoretical and applied econometrics. He has recently been working on nonlinear panel data and distributional methods with applications to labor economics and other fields.

Ray Fismans research focuses on two areas: global corruption and attitudes toward economic inequality. His work has been published in leading economics journals including the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics. His most recent book, Corruption: What Everyone Needs to Know (with Miriam Golden), was published by Oxford University Press in 2017.

Martin Fiszbein studies economic growth and development in historical perspective. His work examines the determinants and the effects of structural change, technology adoption, and human capital formation, as well as the deep roots of cultural traits. His current research projects focus on the role of agricultural diversity, land inequality, and preferences for redistribution in various contexts.

Stefania Garetto’s current research analyzes the risk implications of firms’ international operations. She integrates new trade theory and theoretical asset pricing models to analyze both qualitatively and quantitatively the economic drivers of international activity and their consequences. In a series of related papers, she has analyzed the relationship between export/FDI status and financial indicators. Her current work focuses on banks’ international activities.

John Harris works on issues of applied macroeconomic theory, regional and urban economics, and migration theory. His recent research includes comparative analysis of economic development in Africa and Southeast Asia. He also has extensive field experience in Africa and Asia, with emphasis on Indonesia, Uganda, Botswana, Kenya, Nigeria, Sudan, and Tanzania.

Tarek Alexander Hassan’s research focuses on international finance and social factors in economic growth and macro-finance. His work in international finance focuses on large and persistent differences in interest rates across countries and the effect of exchange rate manipulation on the allocation of capital across countries. Another set of papers studies the effect of social structure on economic growth and the effect of historical migration and ethnic diversity on foreign direct investment.

Leroy Jones  specializes in policy-oriented micro issues in developing countries. Particular areas of interest include public enterprise, privatization, government-business solutions and industrial organization. He has substantive experience in Indonesia, Korea, Pakistan, Venezuela and thirteen other countries. Professor Jones directs the Institute’s Program in Public Enterprise.

Mahesh Karras research investigates the relationships between population, health, and economic development in low- and middle-income countries. He has conducted field work in Sub-Saharan Africa, South Asia, and Latin America, and his current research uses randomized controlled trials to evaluate the health and economic effects of improving access to family planning and maternal and child health services. Professor Karra is a development economist on the faculty of BU’s Frederick S. Pardee School of Global Studies.

Robert King continues to focus his research on monetary policy and macroeconomics.  Particular areas of current interest are the nature of price dynamics; the influence of reputation and credibility on optimal monetary policy; and the history of banking markets.

Laurence Kotlikoff  specializes in public finance, macroeconomics, money and banking, computational economics, and personal finance.   He also works on the economics of robots. The author or co-author of 16 books and hundreds of journal articles, Kotlikoff is also a prolific columnist.   His columns have appeared in the NY Times, the Wall Street Journal, Bloomberg, Forbes,, and large numbers of the other top newspapers and magazines in the U.S. and overseas.  His recent work has focused on generational policy, limited purpose banking, corporate tax reform, computing large scale life-cycle models with aggregate shocks, and modeling the long-term impact of smart machines.

Kevin Lang continues to focus his research on education and labor markets, in the context of Israel and the US.  Along with Deepti Goel he is studying the role of social networks in the assimilation of immigrants to Canada.  His book, Poverty and Discrimination, was published by Princeton University Press in 2007.

Robert Lucas’s recent work focuses on migration. A chapter on African migration is forthcoming in the North-Holland Handbook series. Lucas has also edited a handbook on international migration and economic development, which is currently in press with Elgar. For that volume he prepared a chapter on the link between bilateral trade and international migration, including fresh evidence derived from the most extensive data available to date. In 2014 Lucas presented a paper on internal migration and economic development in the low income countries at a World Bank conference in Dhaka, Bangladesh. In addition, Lucas has been acting as a member of the advisory committee on remittances to G8 countries and of the steering committee for the Global Research Competition organized by the Global Development Network.

Robert A. Margo is currently working on co-editing two NBER conference volumes, Human Capital in History: The American Record and Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspectives.  His current IED working paper with Lawrence Katz is a forthcoming chapter in Human Capital in History.

Jianjun Miao continues to work on two lines of research. The first concerns macroeconomic implications of financial frictions: specifically business cycle and growth implications of bubbles and credit constraints. The second involves new models of ambiguity sensitive preferences and applications to macroeconomics and finance.

Dilip Mookherjee has been working on a combination of theoretical and empirical topics related to development economics. Current empirical projects include land policies, political economy, financial development and food marketing supply chains in South Asia, while theoretical topics include inequality, poverty and corruption control.

Andrew Newman is currently engaged in several research projects pertaining to development, organizational economics, inequality, and the economics of the household. Recent work involves developing a testable competitive equilibrium framework for studying how firms’ internal organization decisions such as outsourcing or vertical integration interact with markets and how those decisions in turn affect product market performance, particularly in the face of globalization. He has been contributing to the economic theory of matching markets and applying that to affirmative action policies.  He is also exploring how the processes by which people learn about their economic environment can lead to organizational dysfunction and change.

Daniele Paserman specializes in labor, applied microeconomics, political economy and behavioral economics.

Pascual Restrepo’s research interests span labor and macroeconomics. His current research examines the impact of technology, and in particular of automation, on labor markets, employment, wages, inequality, the distribution of income, and growth. Recent empirical projects include a study of the impact of industrial robots on US labor markets, a study of how the decline of routine jobs interacted with the great recession, and a study on how aging and shortages of labor induce firms to automate their production process. His theoretical work centers on developing micro-founded models of technology choice to think about the short and long-run implications of different technologies and whether the resulting growth process is balanced.

Pankaj Tandon concentrates on technological change, microeconomics, public enterprises, and food policy. He has worked on evaluating privately financed infrastructure projects and privatization programs. His main field experience has been in Egypt, India, Mexico, and Venezuela.

Professors Emeriti: Peter Doeringer, Shane Hunt, Gustav F. Papanek and Paul P. Streeten