July 2013 Archives

This article appeared in the Deseret News today (July 30, 2013)

One lesson from the 2007 recession is that financial crises have widespread, real effects. Often, particularly in small open economies, a financial crisis is linked closely to the exchange rate. One of the major concerns with Greece and its fiscal crisis, for example, has been that it will drop out of the Euro area and devalue its currency. Similar concerns drove a crisis in Argentina in 2002 and were a major underpinning of the Asian financial crisis in 1997-98.

Are recessions like traffic?

From the Deseret News, July 16, 2013

I have been in Korea the past few weeks, and part of that time I was attending the Society for Economic Dynamics (SED) meetings at Yonsei University in Seoul. The Society for Economic Dynamics is a relatively new organization. It was founded in the 1990s, and its official journal, The Review of Economic Dynamics, has quickly become one of the leading journals in macroeconomics (along with the Journal of Monetary Economics, and the Journal of Economic Dynamics and Control). The SED meetings are arguably the best forum today for state-of-the-art macroeconomic research.
From the Deseret News, July 2nd, 2013

The history of the Rust Belt, a swath of states running from New York to Wisconsin that borders the Great Lakes, was the focus of one session of the Midwest Macroeconomics meetings, a premier conference where relatively young macroeconomists gather to share cutting-edge research, which was held May 16-19 at the University of Illinois in Urbana, Ill.


  • Richard W. Evans is an Assistant Professor of Economics at Brigham Young University

  • Jason DeBacker is an Assistant Professor of Economics at Middle Tennessee State University

  • Kerk L. Phillips is an Associate Professor of Economics at Brigham Young University