People

Faculty

Faculty

Swanson, Norman

  • Swanson, Norman
  • Position: Distinguished Professor of Economics and James Cullen Chair in Economics
  • Specialty: Econometrics; Time Series, Forecasting; Machine Learning and Big Data
  • Location: New Jersey Hall 304
  • Phone: 848-932-7432
  • Click for Website

Norman R. Swanson was educated at the University of Waterloo and the University of California, San Diego. He is Distinguished Professor in the Economics Department at Rutgers University. He has held previous positions at Pennsylvania State University, Texas A&M University, Purdue University, and IBM Canada. His primary research interests include financial econometrics, forecasting, machine learning and big data, and time series analysis. He is a fellow of the Journal of Econometrics and the International Association of Applied Econometrics. He currently serves or has served as editor for various scholarly journals including the Journal of Econometrics, Journal of Business and Economic Statistics, and the International Journal of Forecasting. He is a member of various professional organizations, including the Econometric Society, the American Statistical Association, the American Economic Association, and the Canadian Economic Association. He has published over 100 peer reviewed articles in leading economics and statistics journals including but not limited to Econometrica, Journal of Econometrics, Review of Economics and Statistics, Journal of Business and Economic Statistics, and the Journal of the American Statistical Association, among others. He has given numerous keynote and invited speeches around the world; and is or has been a visiting scholar and consultant to various central banks, universities, and inter-governmental organizations including the University of Maryland, the University of Pennsylvania, Surrey University, Humboldt University, the Federal Reserve Bank of Philadelphia, the Bank of Canada, and the International Monetary Fund, among others. He has acted as a consultant and expert witness for the last 25 years, consulting for firms ranging from the Union Bank of Switzerland and the Bank of Zurich, to DFA Capital Management, Inc. and Conning, Inc., and acting as expert witness in numerous legal cases involving damages calculations associated with property, casualty, and financial services businesses.

Selected Publications

  • “Forecasting Volatility Using Double Shrinkage Methods,” (with Mingmian Cheng and Xiye Yang), 2021, Journal of Empirical Finance, 62, 46-61.
  • “Testing for Jumps and Jump Intensity Path Dependence,” (with Valentina Corradi and Mervyn J. Silvapulle), 2018, Journal of Econometrics, 204, 248-267.
  • “Big Data Analytics In Economics: What Have We Learned So Far, And Where Should We Go From Here?,” (with Weiqi Xiong), 2018, Canadian Journal of Economics, 3, 695-746.
  • “Robust Forecast Comparison,” (with Sainan Jin and Valentina Corradi), 2017, Econometric Theory, 33, 1306-1351.
  • “Testing for Structural Stability of Factor Augmented Forecasting Models,” (with Valentina Corradi), Journal of Econometrics, 182, 2014, 100-118.
  • “Forecasting Financial and Macroeconomic Variables Using Data Reduction Methods: New Empirical Evidence,” (with Hyun Hak Kim), Journal of Econometrics, 178, 2014, 352-367.
  • “Predictive Inference for Integrated Volatility", (with Valentina Corradi and Walter Distaso), Journal of American Statistical Association, 106, 2011, 1496-1512.
  • “Consistent Estimation With a Large Number of Weak Instruments,” (with John C. Chao), Econometrica, 73, 2005, 1673-1692.

Sigman, Hilary

  • Sigman, Hilary
  • Position: Professor of Economics
  • Specialty: Environmental Economics, Public Economics, Law and Economics
  • Location: New Jersey Hall 422/424
  • Phone: 848-932-8667

Hilary Sigman is a Professor of Economics at Rutgers University and a Research Associate of the National Bureau of Economic Research (NBER). She conducts research on the empirical effects of environmental policy. Her current research focuses on topics including waste and recycling, contaminated site cleanup, and water resources. This research has been funded by grants from the National Science Foundation and the Environmental Protection Agency. She has served on committees of the U.S. EPA’s Science Advisory Board and the National Academies of Science, Engineering, and Medicine. She holds a B.A. from Yale, an M.Phil. from Cambridge University (U.K.), and a Ph.D. from the Massachusetts Institute of Technology.

Carbonell-Nicolau, Oriol

  • Carbonell-Nicolau, Oriol
  • Position: Professor of Economics and Graduate Program Director
  • Specialty: Public Economics, Game Theory
  • Location: New Jersey Hall 106A
  • Phone: 848-932-8601
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Oriol Carbonell-Nicolau is a Professor in the Department of Economics at Rutgers University. He holds a B.S. from Universitat Pompeu Fabra and a Ph.D. from New York University. His research is concerned with public economic theory and game theory. His current research in public economic theory is concerned with the characterization of tax structures that reduce income inequality and polarization. His work on game theory studies the properties of various equilibrium concepts in games with general type and action spaces and provides simple conditions that can be used to determine equilibrium existence in applied work.

Selected Publications

  • "Inequality, bipolarization, and tax progressivity," with Humberto Llavador, American Economic Journal: Microeconomics, forthcoming.
  • "Inequality reducing properties of progressive income tax schedules: The case of endogenous income," with Humberto Llavador, Theoretical Economics, 2018​.​
  • "On the existence of Nash equilibrium in Bayesian games," with Richard McLean, Mathematics of Operations Research, 2018.

Gang, Ira

  • Gang, Ira
  • Position: Professor of Economics
  • Specialty: Development, Population, Labor, and Political Economy
  • Location: New Jersey Hall 203
  • Phone: 848-932-8648
  • Click for Website

Ira N. Gang is a Professor of Economics at Rutgers University, USA.  He published papers on development, migration and public policy, public choice, political economy and labor economics in leading economics journals.  He was one of the founding editors of the Review of Development Economics, and is an Associate Editor/Editorial Board member of several journals, including the Journal of Population Economics. He is a Research Fellow at IZA and several other academic institutes.

Selected Publications

  • Good Governance and Good Aid Allocation (with Gil S. Epstein), Journal of Development Economics, forthcoming.
  • Understanding the Development of Fundamentalism (with Gil S. Epstein) Public Choice (2007) 132(3-4) 257-271
  • Self-Selection and Earnings During Volatile Transition (with Ralitza Dimova) Journal of Comparative Economics (2007) 35(3) 612-629
  • Returns to Returning (with Cathy Y. Co and Myeong-Su Yun) Journal of Population Economics, (2000) 13(1) 57-79
  • Corruption, Tax Evasion and the Laffer Curve (with Omkar Goswami and Amal Sanyal) Public Choice 105 (2000) 61-78
  • Is Child Like Parent? Educational Attainment and Ethnic Origin (with Klaus F. Zimmermann) Journal of Human Resources, 35 (2000) 550-569. 

Sopher, Barry

  • Sopher, Barry
  • Position: Professor of Economics
  • Specialty: Experimental Economics, Game Theory, Uncertainty and Information Economics
  • Location: New Jersey Hall 301A
  • Phone: 848-932-8661

Barry Sopher is Professor of Economics at Rutgers University. His research is concerned with experimental analysis of individual and group decision making, including decision making under uncertainty, intertemporal choice, bargaining, and learning in games. His most recent research is concerned with the impact of advice in intergenerational games, with particular focus on the evolution of conventions and on efficiency in coordination games. Sopher is the director of the Wachtler Experimental Economics Laboratory at Rutgers University. He is also a Research Affiliate of the Center for Experimental Social Science at New York University and a Research Fellow of IZA, the German Institute for the Study of Labor.

Selected Publications

  • "Talking Ourselves to Efficiency: Coordination in Intergenerational Minimum Effort Games with Private, Almost Common, and Common “Knowledge of Advice,” (with Ananish Chaudhuri and Andrew Schotter),  Economic Journal, 2009, 119 (534) 91-122.
  • "Individual Sense of Justice: An Experimental Analysis," (with Edi Karni and Tim Salmon), Experimental Economics, 11(2), 174-189, June 2008.
  • “A Deeper Look at Hyperbolic Discounting,” (with Arnav Sheth), Theory and Decision, 60(2-3), 219-255, May 2006. Reprinted in Abdellaoui, Luce, Machina and Munier, eds., Uncertainty and Risk: Mental, Formal, Experimental Representations, 125-153, 2007, Theory and Decision Library C, Springer.
  • “Social Learning and Coordination Conventions in Intergenerational Games: An Experimental Study,” (with Andrew Schotter), Journal of Political Economy, 111(3), 498-529, June 2003.
  1. Moehling, Carolyn
  2. Chang, Roberto
  3. Hughes, Joseph P.
  4. Klein, Roger

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