PURCE Faculty Make Sense of COVID-19 Economic Effects
Krannert alumni, students and friends, and the general public, were able to question PURCE faculty experts about the economic impacts of COVID-19 during a Facebook Live event in early May.
Krannert Economics professors, left to right in photo, Tim Bond, Jillian Carr and Tim Moore, shared their data-driven insights into COVID-19 effects including impact on labor and unemployment; crime implications; and health-related issues, and then took questions from webinar attendees.
The free webinar was moderated by Krannert's Director of External Relations and Communications, Tim Newton.
Krannert will host upcoming live events that help make sense of COVID-19 and its effects on society.
PURCE Affiliates Featured in Town Hall on Grade Inflation
Kozuch Director of the Purdue University Research Center in Economics, Dr. Kevin Mumford, and Associate Professor of Economics Dr. Timothy Bond presented "The Causes and Consequences of Purdue Grade Inflation" during a campus town hall on January 29, 2020, hosted by the University Senate. Opening remarks were given by Provost Jay Akridge. Following the presentation, a discussion was moderated by university senate chair Cheryl Cooky.
Mumford and Bond's report explores the sources of grade inflation at the university and college level over a nine-year period, and is based on data provided to them by Purdue.
Their presentation and the discussion that followed were recorded and that recording is available here.
PURCE Hosts Distinguished Alum Keith Hall
In November 2019 we welcomed to campus Dr. Keith Hall, who served as our monthly policy luncheon speaker in addition to meeting with economics students, faculty, and Purdue President Mitch Daniels.
Dr. Keith Hall has more than 25 years of public service, most recently as the Director of the Congressional Budget Office.
He also served as the Chief Economist and Director of Economics at the International Trade Commission (ITC), a senior research fellow at George Mason University’s Mercatus Center, the thirteenth Commissioner of the Bureau of Labor Statistics, the Chief Economist for the White House’s Council of Economic Advisers, the Chief Economist for the Department of Commerce, a senior international economist for the ITC, an assistant professor at the University of Arkansas, and an international economist at the Department of Treasury.
In those positions, he worked on a wide variety of topics, including labor market analysis and policy, economic conditions and measurement, macroeconomic analysis and forecasting, international economics and policy, and computational partial equilibrium modeling.
He is currently a Professor of Practice at the McCourt School of Public Policy at Georgetown University.
Dr. Hall earned his PhD and MS in economics from Krannert.
A large crowd of PURCE supporters gathered for the November 7 PURCE policy luncheon, "Government Deficits and Debt: Why They’re so Large and Why They Matter."
PURCE Bids Farewell to Associate Director
Dr. Lynne Kiesling departed PURCE in July 2019 after serving as the center’s associate director and a Krannert Visiting Associate Professor for two years, and is now the Co-Director of the Institute for Regulatory Law & Economics (IRLE), in the Department of Engineering & Public Policy at Carnegie Mellon University.
During Kiesling's time at the center, she taught students ranging from freshman to master’s; helped launch the Economics Ideas Forum; initiated and taught the Economic Scholars Program; and spearheaded the development of a strategy for communicating the center’s policy-relevant research to audiences outside of academia.
The Purdue University Board of Trustees on August 2, 2019, ratified named faculty members, including PURCE Director Dr. Kevin Mumford.
Mumford was named the Kozuch Director of the Purdue University Research Center in Economics (PURCE), thanks to a donor's generosity. The donor is a Purdue alum and a longtime supporter of Krannert.
Purdue University Provost Jay T. Akridge presented Mumford with the honor at the Board of Trustees Academic and Student Affairs Committee meeting.
2018-2019 Annual Report
PURCE's 2018-2019 annual report highlights the center's activities and growth, including a 138% increase in media audience over the previous year and the launch of our Economic Scholars program, with 12 students receiving scholarships.
- Published 24 research articles and presented at 83 conferences
- Increased the number of faculty affiliates to 28
- Funded 11 economics Ph.D. student fellowships
- Funded teaching economics to 306 additional undergraduate students
- Launched our Economic Policy Lunch series
- Welcomed 750 participants to 6 PURCE events
Read our full annual report here.
Economic Ideas Forum
Our second annual day-long Economic Ideas Forum brought together community, business and government leaders, students and faculty, and guest Dr. Doug Irwin for discussions on crucial economic topics.
The April 18, 2019, event began with PURCE donors and supporters gathering for a private lunch featuring a talk by Irwin, the John French Professor of Economics at Dartmouth College and the preeminent economic historian of U.S. trade and trade policy over the past 150 years.
Irwin then joined a small group of econ students, who had read his most recent book, "Clashing over Commerce: A History of U.S. Trade Policy" (University of Chicago Press, 2017), for a discussion. Irwin is known for his engaging speaking and teaching -- he has more than 25 years of teaching experience.
The Forum continued with an afternoon of PURCE faculty sessions in Krannert's Rawls Hall, bringing concerned guests into the classroom. Our Forums are free and open to all.
Attendees could choose from one of three sessions offered in three time slots:
Tim Moore on the opioid crisis
Huseyin Gulen on the real and financial effects of policy uncertainty
Joe Mazur on the economics of antitrust policy
Victoria Prowse on the science of motivation
John Umbeck on the unintended effects of regulation
Timothy Bond on discrimination in the labor market
Lynne Kiesling on economic regulation and digital electricity platforms
Jillian Carr on crime and poverty
Trevor Gallen on inequality in the United States
We capped the day with an evening fireside chat and Q&A in Stewart Center's Fowler Hall, featuring Irwin, David Hummels, the Dr. Samuel R. Allen Dean of the Krannert School of Management; and Krannert Associate Dean David Schoorman.
The three discussed trade policy and negotiations. The Fowler Hall event is available to view on Krannert's YouTube channel.
The Fowler Hall lecture was a part of Purdue’s Ideas Festival, the centerpiece of Purdue’s Giant Leaps Sesquicentennial Campaign, which is a series of events that connect world-renowned thought leaders and Purdue experts in a conversation on the most critical problems facing the world.
Our Forum was made possible by the generous support of the Hugh and Judy Pence family.
Stay tuned for details of our 2020 Economic Ideas Forum.
Case & Deaton
Krannert had the honor of welcoming to campus Princeton economists Dr. Anne Case and Nobel Laureate Sir Angus Deaton on March 26, 2019. The husband and wife team participated in two Q&A sessions with Purdue faculty and staff moderated by Krannert Associate Professor of Economics and PURCE faculty affiliate Dr. Tim Moore, and also hosted an evening Fowler Hall lecture.
Case and Deaton write extensively on the connections between economic status and poor physical and mental health in America. Their research suggests that worsening labor market opportunities for less educated whites have caused several cumulative disadvantages for middle-aged people, such as worsened marriage and child outcomes as well as poor overall health.
They discussed these complex issues during the Q&As and also during the free, open to the public presentation in Stewart Center. "Inequality, Deaths of Despair, and the Future of Capitalism" was part of the University's Giant Leaps Series. Read coverage of that event here.
Seen here are, from left, Anne Case, PURCE Associate Director Lynne Kiesling, PURCE Director Kevin Mumford, and Angus Deaton.