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Ten New Economics Faculty (3)

New Junior Faculty

The six new junior faculty are: Massimiliano Amarante, who completed his Ph.D. at MIT in May; Lena Edlund, who earned her Ph.D. in 1996 at the Stockholm School of Economics and is conducting research on gender and economics; Levent Kockesen, an NYU Ph.D. of last May; Margaret Madajewicz, a 1998 Harvard Ph.D. who taught at Harvard and has an appointment at the School of International and Public Affairs; Rohini Pande, a recent Ph.D. from the London School of Economics who specializes in the economics of public policy in developing countries, and Abigail Tay, a recent Stanford Ph.D. and labor economist whose interests include public finance and health economics.

Clarida said intense competition in recruiting led Columbia to make more offers than it had available positions. "We had a very high acceptance rate, which was a pleasant surprise," he said, adding that the department will continue to recruit new faculty at the senior level.

Clarida noted that the median age of tenured faculty members in the department had crept upward to where it stood at 63 before the new hirings.

"My commitment as chairman," he said, "has been to see the department become larger and younger and to see the department obtain national rankings overall in the top 10 schools."

In addition to its very top ranking in the international area, Clarida feels the department is ranked near the top in the field of industrial organization.

Columbia has long been associated with many leading economists, including the late William Vickery, winner of the 1996 Nobel Prize, and the late Kelvin Lancaster, the respected consumer theorist. Other distinguished department members include Robert Mundell, who developed one of the earliest plans for a common European currency, and Edmund Phelps, who has explored how companies' erroneous expectations about wages and the economy can lead to unemployment.

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