2014-15 Economics Department Newsletter, Vol. 9
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Economics Department Newsletter

November 4, 2014
In This Issue:
  • Seminars and Panels
  • On-Campus Recruiting Events
  • Employment Opportunities
  • Graduate School
  • Meet the Professor
Seminars and Panels:

Wednesday, November 5;  4:00pm, Griffin 6
Economics Department Seminar:  Financial Innovation and Global Imbalances by Greg Phelan, Williams College Economics Department


Thursday, November 6;  8:00pm, Paresky L02
Public Health PanelEbola:  What Have We Learned?

Speaker details can be obtained by clicking the above link.


Friday, November 7;  4:00pm, Griffin 6
joint CDE / Economics Department SeminarThe Permanent Input Hypothesis: The Case of Textbooks and (No) Student Learning in Sierra Leone

From the abstract:  "A textbook provision program in Sierra Leone demonstrates how volatility in the flow of government-provided learning inputs to schools can induce storage of these inputs by school administrators to smooth future consumption. This process in turn leads to low current utilization of inputs for student learning. A randomized trial of a public program providing textbooks to primary schools had modest positive impacts on teacher behavior but no impacts on student performance. In many treatment schools, student access to textbooks did not actually increase because a large majority of the books were stored rather than distributed to students. At the same time, the propensity to save books was positively correlated with uncertainty on the part of head teachers regarding government transfers of books. The evidence suggests that schools that have high uncertainty with respect to future transfers are more likely to store a high proportion of current transfers. These results show that reducing uncertainty in school input flows could result in higher current input use for student learning. For effective program design, public policy programs must take forward looking behavior among intermediate actors into account."
On-Campus Recruiting Events:

Cornerstone Research
Tuesday, November 4;  7:00pm–8:00pm, Mears Lewis Room

Cornerstone Research, a finance and economics consulting firm, is holding an information session where they will present and answer questions on both their
full-time analyst positions and summer internship program

They are accepting a second round of full-time applications, with a deadline of Monday, November 10.  Students interested in internship opportunities and who will be abroad during the spring semester, please submit application materials via their
Employment Opportunities:

Federal Reserve of Boston - 2015 Research Assistant Program
Information on the Research Assistant program can be viewed in their
announcement and on their website.


RTI Health Solutions - Associate Research Economist
The Health Preference Assessment Group at RTI Health Solutions
is looking for two undergraduates who will be graduating, or have recently graduated, to support their research activities.  The candidate need not have pharmaceutical industry or consulting experience. The formal job description can be viewed here.


Epic - Quality Assurance;  Technical Services
Epic, a worldwide leader in healthcare software, has hired over ten Williams graduates in the past five years.  Currently they are recruiting for two positions they believe play to the strengths of those with strong critical and analytical mindsets and Economics backgrounds:

 Quality Assurance
As a Quality Assurance team member, you'll test software from a medical professional's perspective to make sure it's efficient and intuitive.  More information is available in their
job posting.
Technical Services 
As an IT analyst you will gain an understanding of your customers' history, challenges and goals, and work closely with their IT staff to resolve complex issues.  For more information and to apply, please visit

Graduate School:

Columbia University - Master of Public Administration in Environmental Science and Policy / Dean's Fellowship
From their announcement:  "Columbia University’s Master of Public Administration in Environmental Science and Policy is now offering the Dean’s Fellowship – the program’s first full-tuition grant, valued at approximately $72,000. The Dean’s Fellow will also receive a year-long internship (about $7,500) in the Earth Institute, Columbia University. In addition, the program awards numerous partial fellowships of up to $20,000."

Additional information can be viewed on their
Meet the Professor:  Jerry Caprio

Jerry Caprio, '72, has been back at Williams since 2006, after leading the World Bank's research and policy work on financial systems in developing countries, along with earlier stints at JP Morgan, the Federal Reserve Board, the IMF, and George Washington U. He teaches financial development and regulation at the CDE, where he is the Chair, money and banking, financial crises, introductory macro, and a senior seminar on financial history. Jerry's research focuses on bank regulation and bank crises, including the problem of regulatory capture. Next to spending time with his family, classical guitar, biking and hiking are his favorite ways to unwind.


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