The supply of workers is at pre-pandemic levels, but demand is far greater

Dain Lee, Jinhyeok Park, and Yongseok Shin quoted in Bloomberg article on January 9, 2023.

The Department of Economics congratulates Phil Dybvig, the Boatmen's Bancshares Professor of Banking and Finance in the Olin School of Business and Professor of Economics (by courtesy) in Arts & Sciences, on the 2022 Nobel Prize in Economics he shared with Ben Bernanke and Doug Diamond.

Phil has been a generous colleague and an especially supportive mentor for our PhD students. We are all very proud of his accomplishments.

Yongs Shin speaks to NPR's Marketplace on September 21, 2022.

Yongs Shin was quoted in the Wall Street Journal on July 25, 2022.

This year’s Charles Leven Memorial Prize for the best second year paper has been awarded to...

If you were unable to join the event at the Weidenbaum Center, you can watch the event recording at the link provided below:
Tale of Two Subsidies: Why the Afghan army did not fight and the Ukrainian army did.

Ian Fillmore quoted in the New York Times on January 14, 2022.

Industrial policy has divided economists for decades. This column evaluates Korean government's policy of promoting heavy and chemical industries in the 1970s, using plant-level output and productivity data. It shows that output and input use of targeted industries/regions grew significantly faster than those of non-targeted ones. However, total factor productivity did not increase because the misallocation of resources across plants within targeted industries/regions got significantly worse.

The American Rescue Plan is a remarkable effort to jump-start the U.S. economy and will lead to very fast growth of the U.S. economy over the next year, according to Steven Fazzari, director of the Weidenbaum Center on the Economy, Government and Public Policy.

Steven Fazzari featured in a KSDK article on February 18, 2021.