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Economics Updates

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Rethinking the Response to the Great Recession

By Department of Economics on April 1, 2019
Shortly after Colgate University Professor of Economics Thomas R. Michl published a paper, “Hysteresis in a Three-Equation Model,” documenting the potentially permanent negative effects of economic crises like 2008’s Great Recession, his macroeconomics students posed a question:

What should we do about it?

Michl and Kayla M. Oliver ’17 decided to find out. In a new paper, “Combating Hysteresis with Output Targeting,” published in the January 2019 Review of Keynesian Economics, Michl and Oliver make the case for a new macroeconomic approach during economic downturns.  Read the full article by Rebecca Beyer here.

Portrait of Thomas Michl

Colby Kingston ’18 in Economics featured in the Colgate Magazine

By Department of Economics on March 17, 2019

Check out recent Economics graduate Colby Kingston ’18 and her amazing doughnut shop in Kennebunkport, Maine.

Colby Kingston '18 in her donut shop

Dollars to Doughnuts

More than finance, banking, and business…where can studying economics take you?

By Department of Economics on January 22, 2019

From studying infectious diseases to using big data at Google, economics is a tool that can be applied to much more than finance, banking, and business. Check out this new video from the American Economic Association to see where a degree in Economics can take you.

Prof. Kato Has a Top Downloaded Article in BJIR

By Department of Economics on October 29, 2018

Journal Banner Image

Congratulations — your article was one of our top downloaded articles in recent publication history!
Dear Prof Takao Kato,

We are pleased to announce that your article The Effect of Corporate Social Responsibility on Gender Diversity in the Workplace: Econometric Evidence from Japan, published in British Journal of Industrial Relations, was one of the journal’s top 20 most downloaded recent papers!*

What this means:

  • Amongst articles published between July 2016 and June 2018, your article received some of the highest downloads in the 12-months post online publication
  • Your article generated immediate impact and helped to raise the visibility of British Journal of Industrial Relations

Your contributions are vital to growing the profile of British Journal of Industrial Relations.

Thank you for sharing in our journal’s success,
The Editors of British Journal of Industrial Relations

* Comparative exercise based on measuring downloads within the first 12 months of online publication, for articles published between July 2016 and June 2018

Colgate University Earns 2018 Top Ranking for Economics Program by College Factual

By Department of Economics on August 14, 2018

Colgate University performed very well in a recent ranking of economics degree programs. College Factual ranks programs offered by 4-year U.S. Colleges and Universities and has recently updated their 2018 rankings.

Read the full article here.


Class of 2018 Honors Students in Economics

By Department of Economics on May 23, 2018

The following students from the  Class of 2018 have earned the honors designation in the Economics Department after successfully completing their honors thesis (3 of which earned high honors):

Jacob Adams, Measuring Coworker Effects: Evidence from an American Manufacturing Firm” (Faculty Sponsor: Takao Kato)

Lucas Cooper, Analyzing the Market’s Ability to Predict the Synergies of Mergers and Acquisitions” (Faculty Sponsor:  Matt Jaremski)

Danielle Kliger, Closing the Income Gap: Evaluating the Effectiveness of Employee Stock Ownership Programs” (Faculty Sponsor: Takao Kato)

Zoey Liu, Comparing Methods to Identify Undocumented Immigrants in Survey Data: Applications to the DREAM Act and DACA” (Faculty Sponsor: Yang Song)

Baiyu Zhou, Who are the job leavers and why do they quit? Evidence from the manufacturing firm” (Faculty Sponsor: Takao Kato)


2018 Economics Annual Faculty/Senior Softball Game and Picnic

By Department of Economics on May 23, 2018

The faculty and senior economics majors had a fun time playing softball at the annual end of the year faculty/senior softball game and picnic. The weather cooperated and the delicious food was supplied by Bueno Taco.

Faculty-Student Happy Hour

By Department of Economics on April 6, 2018

All economics majors are invited to the department’s faculty-student happy hour Thursday, April 12 from 4:30-6:30 pm at Donovan’s Pub.  Come enjoy refreshments with your favorite economics professors!

Green Summit 2018

By Department of Economics on April 6, 2018

Economics Professor Rick Klotz will be one of the panelists at the Green Summit on April 12 from 4:30-6:00 pm in the Golden Auditorium

Green Summit 2018 Poster



Prof. Michael Haines Wins the Gallman/Parker Award

By Department of Economics on September 20, 2017

Professor Michael Haines, the Banfi Vintners Professor of Economics, was recently honored by the Economic History Association as the inaugural recipient of the Robert Gallman/William Parker Award for Lifetime Achievement in Data Preservation. Michael received the award at the Annual Meetings of the Economic History Association in San Jose, CA on September 16, 2017. The award recognizes Michael for his contributions to the field of economic history and his efforts in collecting and preserving economic, population, and agricultural census data in the United States and Europe in the 19th and 20th centuries.  Congratulations to Michael for this well-deserved award!