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Testing for Spatial Lag Dependence and Homoskedasticity in a Random Effects Panel Data Model

Badi H. Baltagi, Long Liu
The paper, co-authored by Distinguished Professor of Economics Badi Baltagi, was published in Economics Letters.
July 16, 2025

Monarch Discusses the Dollar and Interest Rates With Newsweek

“Recent policies such as extremely high tariffs, increased government debt, and worries about inflation have all contributed to the falling dollar,” says Ryan Monarch, associate professor of economics.

July 11, 2025

Philanthropy Driven by Passion, Potential and Purpose: Ken Pontarelli ’92

Pontarelli ’92 B.S. (Econ) credits the University for changing his life, opening up opportunities to pursue his passions and achieve professional success that allows him to focus on the public good. In return, he and his wife, Tracey, are paying it forward by supporting Syracuse students pursuing meaningful careers in the vital field of sustainability.

July 9, 2025

See related: Giving

Lovely Talks to China Daily About Tariffs and Consumer Spending

“The…taxes are economically significant…and regressive in the sense that they take a larger share of income from poorer households than richer households,” says Mary Lovely, professor emerita of economics.

July 3, 2025

Buzard Discusses Her Research on Parental Involvement With The Atlantic

Research by Kristy Buzard, associate professor of economics, confirms the idea that people tend to assume mothers are the default parent, even when they explicitly ask not to be. Part of the reason, Buzard posits, is “this underlying belief that moms are more available and are going to be more responsive.”

May 29, 2025

Maxwell Advisory Board Welcomes New Leadership

Alumni Cathy Daicoff and Nate Shanok lead the board as chair and vice chair, respectively.

May 20, 2025

Lovely Quoted in China Daily Article on Trump’s Tariffs, Rebound of US Manufacturing

Tariffs are often touted by politicians as a good idea because they contend “that China has not adhered to global trade rules by unfairly subsidizing its manufacturing sector. This view leads people to think that trade is unfair to domestic producers and workers and to see tariffs are justified,” says Mary Lovely, professor emerita of economics.

May 2, 2025

Monarch Talks With the Associated Press, Splinter and Tax Chats Podcast About Trump’s Tariffs

“We don’t know what the U.S. is doing. We don’t know why they’re doing it, and they seem to revel in the fact that they’re causing trouble, economic pain and consternation all across Europe and the world,” says Ryan Monarch, assistant professor of economics.

April 30, 2025

Top-Down Central Inspection and Subnational Discretion in Policymaking

Shiyang Xiao, Yilin Hou, Mary Lovely

“Top-Down Central Inspection and Subnational Discretion in Policymaking,” co-authored by Professors Yilin Hou and Mary Lovely, was published in Governance.

April 17, 2025

See related: China, Government

Lovely Speaks to China Daily About the Impact of President Trump’s Tariffs

“In some sectors, tariffs create no new jobs in the U.S., as trade is diverted to third countries rather than inducing new domestic production,” says Mary Lovely, professor emerita of economics.

April 14, 2025

Ryan Monarch Receives Moynihan Award for Teaching and Research

The assistant professor of economics will make remarks at the Maxwell School Graduate Convocation on Friday, May 9.

April 14, 2025

See related: Awards & Honors

Maxwell Faculty, Staff and Students to be Recognized at 2025 One University Awards Ceremony

The One University Awards Ceremony, an annual event to honor members of the Syracuse University community who are making a difference through academics, scholarship, creative work and dedicated service, will be held Friday, April 11, from 1 to 2:30 p.m. in Hendricks Chapel.

April 10, 2025

See related: Awards & Honors

Monarch Speaks With Newsweek and NY Post About Trump’s Tariffs, Rising Prices

Products whose import is “closer to the final consumer” such as clothing, apparel, furniture, toys and shoes can expect to see higher prices “fairly quickly, like in the next month or two,” says Ryan Monarch, assistant professor of economics. “The more complicated the product is, the longer it’s going to take for these price increases to show up.”
April 9, 2025

Monarch Discusses the Impacts of Trump’s Tariffs in Newsweek and Nexstar Articles

Typically, a Republican presidency would be defined by a pro-business outlook that includes lower taxes and deregulation, which tend to boost investment in equities. Trump's tariffs, however, are a driving force in the other direction this time, says Ryan Monarch, assistant professor of economics.

March 18, 2025

Lovely Talks to NewsNation About Trump’s One-Month Tariff Exemption for US Automakers

“What we can say is that one month is not enough time to rearrange production networks which have served North America extremely well. We can't move assembly plants or manufacturing facilities for roof racks or catalytic converters or whole assembly plants from Mexico to the United States,” says Mary Lovely, professor emerita of economics.

March 14, 2025

Monarch Explains Tariffs and Their Implications on the Economy With The Motley Fool and Develop This

“Tariffs cause the price of affected goods to rise. In fact, research into the 2018-2019 trade war has shown that the prices of U.S. imported goods affected by tariffs rose by nearly the entire amount of tariffs imposed, meaning that U.S. importers bore the brunt of the increase in costs,” says Ryan Monarch, assistant professor of economics. 

March 7, 2025

Monarch Discusses Trump’s Proposed Changes to American Trade Policy in Directorship Magazine Article

“We know that President Trump is not afraid to have an actual trade war,” he continued. “We saw it in 2018 and 2019, where almost all goods coming from China were hit with the highest tariffs we've seen in almost 100 years. And those were very disruptive,” says Ryan Monarch, assistant professor of economics. 

February 27, 2025

Lovely Quoted in China Daily Article on the Impact of Trump’s Tariffs on US Small Businesses

For the U.S., tariffs “can cause job loss in sectors that use imported intermediate and capital goods,” says Mary Lovely, professor emerita of economics.

February 24, 2025

Monarch Speaks With Newsweek About US tariffs and the Housing Market

Ryan Monarch, assistant professor of economics, says that it is “clear” tariffs on products like steel and aluminum will increase the cost of building housing and developments and, therefore, drive up the prices of housing in the U.S.

February 17, 2025

Lovely Discusses Trump’s Arbitrary Trade Policy in New York Times Article

“What Mr. Trump is doing with tariffs is a result of a lost consensus about how the United States should interact with other countries in the global economy. He is stepping into that vacuum, filling it with the unrestrained and autocratic use of import taxes, moves that appear to be based on personal whim rather than on U.S. trade law,” says Mary Lovely, professor emerita of economics.

February 14, 2025

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