The Department of Economics at BU is one of the nation’s leading departments, ranking among the largest PhD and MA programs in the country and one of the largest undergraduate concentrations in the College of Arts & Sciences. Outstanding faculty research is considered a critical complement to outstanding teaching; faculty in the Economics Department, working at the frontier of current economic knowledge, engage students with critical questions and exciting new developments in the field.
Department chair: Professor Barton Lipman
Campus address: 270 Bay State Road
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(2021-01)We provide a production-based asset pricing model with dispersed information and small deviations from full rational expectations. In the model, aggregate output and equity prices depend on the higher-order beliefs about ...
(2020-06)IKEA is a multinational retailer of home furnishings. The dominant feature of IKEA advertising and market image is a reputation for low prices. IKEA's iconic catalog is the company's primary advertising device, representing ...
(2009-11)The economics of household choice has occupied an important position in both microeconomics and macroeconomics since Becker’s (1965) pioneering work. Yet our empirical understanding of the household sector is hampered ...
(Elsevier, 2017-09-01)With over 300 stores in 40 countries, IKEA is a major international presence in retail housewares and furnishings. IKEA publishes country-specific catalogs with local-currency prices guaranteed to hold for 1 year. This ...
The Tax Cut and Jobs Act of 2017 (TCJA) made significant changes to corporate and personal federal income taxation, including limiting the SALT (state and local property, income and sales taxes) deductibility to $10,000. ...
(NP Voprosy Ekonomiki, 2015-09)The fiscal gap is an indicator of the long-term balance of public finance and is calculated based on the intertemporal government budget constraint, which links government tax revenues and expenditures over long intervals. ...
(2016-03-11)This paper develops a large-scale, dynamic life-cycle model to simulate Russia’s demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, ...
(MIT Press, 2017)Many, if not most, Baby Boomers appear at risk of suffering a major decline in their living standard in retirement. With federal and state government finances far too encumbered to significantly raise Social Security, ...
Every country faces an intertemporal budget constraint, which requires that its government's future expenditures, including servicing its outstanding official debt, be covered by its government's future receipts when ...