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commodore · 02-27-2008, 09:33 PM

Quote:

Originally Posted by P=NP

I'm not really the best person to answer this (but that's never stopped me before!). In my opinion, Yale's strengths are (in order): Econometrics, Development, Applied IO, Micro Theory
Weaknesses: Public, Macro Theory

I agree with my lovely classmate

It's amazing that P=NP and I are posting on here. We do have a nasty micro midterm in a day and a half!!!

P=NP · 02-27-2008, 09:37 PM

Awww, thanks Commodore. At least we're procrastinating together, I think that makes it better

Asianecon, I mean empirical IO (I'm not quite familiar with the terminology).

econ08 · 02-27-2008, 09:37 PM

Thanks commodore and P=NP for the inputs!

Can anyone comment on financial/monetary econ at Yale?

P=NP · 02-27-2008, 09:45 PM

I don't really know about links with the law school, Ben Polak is joint with law, but he's a micro/PE guy.

I'm not sure anyone does monetary economics here (though I have no idea), and financial economics is usually taught by someone from the school of management - I know a few people from econ are taking the fin econ sequence.

j1j2 · 02-27-2008, 11:18 PM

Macro at yale is actually quite strong, it's just very small, and as such, it is narrowly specialized. However, even if your interest doesn't fit directly with the core faculty, there is a constant stream of visitors. As far as monetary policy, Mike Woodford is here for the year and Gauti Eggertson (who does monetary stuff in an international context) for the semester, although Eduardo Engel who is on the faculty also does some monetary stuff and seems to be moving somewhat in that direction. He seems to come at it mainly from a lumpy adjustment point of view, which is what the vast majority of his work is in. Villaverde is here for the semester and Postel-Vinay was here for a while last year. The department has actively been making senior offers although it's still too early to see if any will be accepted. Kocherlakotka turned down an offer but there are still roughly 5-8 outstanding. If you have interest in macro labor and search, Yale is one of the best places for that. If you have interest in lumpy adjustment Eduardo Engel is one of the top two or three people in the field. Theres a strong interest here in heterogeneous agents and in computational macro. Overall, I would say that Yale macro is probably in the top 15ish range, but within macro labor, computation or investment and lumpy adjustment it is probably top 5 or better. There has been good placement lately. Rudi placed at Michigan last year and had other top offers. Theodore is getting good flyouts (Northwestern and LSE among others I believe) this year although I don't know if he's gotten offers yet. There are only 1-2 macro students on the market every year, but they usually get top 20 placements. I can't remember specific previous placements, but they're typically fairly good. Also, metrics, devo, empirical IO, and micro are all very strong, as stated before. Public finance is non-existent. Trade might be good in a year or two but is just starting to be actively expanded as of this year so it's not too great yet. There's not much behavioral stuff within the department although I think there's some in the business school.

econphilomath · 02-28-2008, 12:37 AM

Quote:

Originally Posted by j1j2

Macro at yale is actually quite strong, it's just very small, and as such, it is narrowly specialized. However, even if your interest doesn't fit directly with the core faculty, there is a constant stream of visitors. As far as monetary policy, Mike Woodford is here for the year and Gauti Eggertson (who does monetary stuff in an international context) for the semester, although Eduardo Engel who is on the faculty also does some monetary stuff and seems to be moving somewhat in that direction. He seems to come at it mainly from a lumpy adjustment point of view, which is what the vast majority of his work is in. Villaverde is here for the semester and Postel-Vinay was here for a while last year. The department has actively been making senior offers although it's still too early to see if any will be accepted. Kocherlakotka turned down an offer but there are still roughly 5-8 outstanding. If you have interest in macro labor and search, Yale is one of the best places for that. If you have interest in lumpy adjustment Eduardo Engel is one of the top two or three people in the field. Theres a strong interest here in heterogeneous agents and in computational macro. Overall, I would say that Yale macro is probably in the top 15ish range, but within macro labor, computation or investment and lumpy adjustment it is probably top 5 or better. There has been good placement lately. Rudi placed at Michigan last year and had other top offers. Theodore is getting good flyouts (Northwestern and LSE among others I believe) this year although I don't know if he's gotten offers yet. There are only 1-2 macro students on the market every year, but they usually get top 20 placements. I can't remember specific previous placements, but they're typically fairly good. Also, metrics, devo, empirical IO, and micro are all very strong, as stated before. Public finance is non-existent. Trade might be good in a year or two but is just starting to be actively expanded as of this year so it's not too great yet. There's not much behavioral stuff within the department although I think there's some in the business school.

THANKS. It was very valuable to me.

Big Tuna · 02-28-2008, 12:48 AM

I'm curious about the comments regarding Yale and public finance. Everyone on TM seems to think public finance is non-existent at Yale, but US News has the department ranked in the top 15 in this subfield. I'm sure people who go there know a lot more than US News; I'm just curious as to what's going on. The rankings were done in 2005. Has there been turnover that resulted in the elimination of public finance at Yale since then? It's also possible that the ranking system is just terrible. I've been admitted to Yale for economics, and public finance is one of my interests (though certainly not the only one).

commodore · 02-28-2008, 01:03 AM

Quote:

Originally Posted by Big Tuna

I'm curious about the comments regarding Yale and public finance. Everyone on TM seems to think public finance is non-existent at Yale, but US News has the department ranked in the top 15 in this subfield. I'm sure people who go there know a lot more than US News; I'm just curious as to what's going on. The rankings were done in 2005. Has there been turnover that resulted in the elimination of public finance at Yale since then? It's also possible that the ranking system is just terrible. I've been admitted to Yale for economics, and public finance is one of my interests (though certainly not the only one).

I'm sad to say that there is essentially no PF here. I think Hanming Fan taught the class last year, but he went to Duke. There is no PF class this year except for a visitor right now, and as far as I know there is no plan to hire anyone this year.

Nalfien · 02-28-2008, 01:24 AM

Wow, I thought I was the main Yale commentator but I guess I've been usurped. Awesome!

So I think my classmates above have painted a fairly good picture of the department. I'm going to be so bold to be a bit more firm in my rankings of Yale over the other top 5 departments in a bunch of subfields. Of course I'm a bit biased but when you guys go to fly outs hopefully you'll be able to get a sense of what ranks where for yourselves.

Econometrics. Yale is the best place for it. Don Andrews and Peter Phillips could be a department by themselves. They hold the first and second places respectively for most Econometrica articles.

Development. Pretty Awesome. The only other contender is the MIT/Harvard combo but with Townsend coming and Rosenzweig being here and of course Dean Karlan who should count as two people and the Economics Growth Center with their unbelievable endowment, development is pretty pretty nice here (If you watch Curb imagine Larry saying this

)

Micro Theory, There is no better place for GE/MathEcon than here. Also I've been told that Yale has gotten the top two Junior Micro people of the last couple of years. Also the Cowles foundation has people coming ALL the time. Micro is a very lively field here.

Macro, see above post. If Townsend comes this should be helped. Also Bob Shiller is here, if you're interested in Behavioral Finance he's the man.

IO, Easily top 3. Ask anyone. Could make the argument for 1...

Labor, my field... With the addition of Vytlacil Labor has gotten a boost. Altonji is legendary of course and the juniors have very interesting work but I could only hope that they make a few senior hires soon but it is still pretty good depending on your interests.

Public Finance. There is the school of Management who have some people working on this but there just hasn't been that much interest from the students here. I was auditing the second year course earlier this semester and it was just me and two other people. I dropped it to focus on my other classes and they ended up canceling the class because people just weren't committed. I imagine though that by the time you guys get to the field courses they would have hired someone for it. Hopefully they can get Hanming Fang back

Law and Econ, we have a guy in the first year who came especially for that after getting his JD from Harvard. Law has the best law school in the country, it certainly doesn't hurt...

MOST IMPORTANTLY... notice how often many Yale first years post here. That should give you an idea of how much free time we get. Or how much we like to procrastinate, you be the judge

phdseeker · 02-28-2008, 01:47 AM

My advisor told me that Yale is all about IO and econometrics. He said that the business group is strong in IO, Chevellier and others.

02-28-2008, 12:48 AM	#27 (permalink)
Big Tuna Digging for money beets Join Date: Feb 2008 Posts: 45	I'm curious about the comments regarding Yale and public finance. Everyone on TM seems to think public finance is non-existent at Yale, but US News has the department ranked in the top 15 in this subfield. I'm sure people who go there know a lot more than US News; I'm just curious as to what's going on. The rankings were done in 2005. Has there been turnover that resulted in the elimination of public finance at Yale since then? It's also possible that the ranking system is just terrible. I've been admitted to Yale for economics, and public finance is one of my interests (though certainly not the only one). Last edited by Big Tuna : 02-28-2008 at 12:49 AM. Reason: inability to write coherently in english

02-28-2008, 01:24 AM	#29 (permalink)
Nalfien I pick my nose. Join Date: Feb 2005 Posts: 330	Wow, I thought I was the main Yale commentator but I guess I've been usurped. Awesome! So I think my classmates above have painted a fairly good picture of the department. I'm going to be so bold to be a bit more firm in my rankings of Yale over the other top 5 departments in a bunch of subfields. Of course I'm a bit biased but when you guys go to fly outs hopefully you'll be able to get a sense of what ranks where for yourselves. Econometrics. Yale is the best place for it. Don Andrews and Peter Phillips could be a department by themselves. They hold the first and second places respectively for most Econometrica articles. Development. Pretty Awesome. The only other contender is the MIT/Harvard combo but with Townsend coming and Rosenzweig being here and of course Dean Karlan who should count as two people and the Economics Growth Center with their unbelievable endowment, development is pretty pretty nice here (If you watch Curb imagine Larry saying this ) Micro Theory, There is no better place for GE/MathEcon than here. Also I've been told that Yale has gotten the top two Junior Micro people of the last couple of years. Also the Cowles foundation has people coming ALL the time. Micro is a very lively field here. Macro, see above post. If Townsend comes this should be helped. Also Bob Shiller is here, if you're interested in Behavioral Finance he's the man. IO, Easily top 3. Ask anyone. Could make the argument for 1... Labor, my field... With the addition of Vytlacil Labor has gotten a boost. Altonji is legendary of course and the juniors have very interesting work but I could only hope that they make a few senior hires soon but it is still pretty good depending on your interests. Public Finance. There is the school of Management who have some people working on this but there just hasn't been that much interest from the students here. I was auditing the second year course earlier this semester and it was just me and two other people. I dropped it to focus on my other classes and they ended up canceling the class because people just weren't committed. I imagine though that by the time you guys get to the field courses they would have hired someone for it. Hopefully they can get Hanming Fang back Law and Econ, we have a guy in the first year who came especially for that after getting his JD from Harvard. Law has the best law school in the country, it certainly doesn't hurt... MOST IMPORTANTLY... notice how often many Yale first years post here. That should give you an idea of how much free time we get. Or how much we like to procrastinate, you be the judge _ _ _ _ SIG _ _ _ _ Yale Class of 2012ish Last edited by Nalfien : 02-28-2008 at 01:52 AM.

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02-27-2008, 09:37 PM	#22 (permalink)
P=NP Within my grasp! Join Date: Dec 2006 Posts: 106	Awww, thanks Commodore. At least we're procrastinating together, I think that makes it better Asianecon, I mean empirical IO (I'm not quite familiar with the terminology).

02-27-2008, 09:37 PM	#23 (permalink)
econ08 Eager! Join Date: Aug 2007 Posts: 35	Thanks commodore and P=NP for the inputs! Can anyone comment on financial/monetary econ at Yale?

02-27-2008, 09:45 PM	#24 (permalink)
P=NP Within my grasp! Join Date: Dec 2006 Posts: 106	I don't really know about links with the law school, Ben Polak is joint with law, but he's a micro/PE guy. I'm not sure anyone does monetary economics here (though I have no idea), and financial economics is usually taught by someone from the school of management - I know a few people from econ are taking the fin econ sequence.

02-27-2008, 11:18 PM	#25 (permalink)
j1j2 Trying to make mom and pop proud Join Date: Mar 2006 Posts: 26	Macro at yale is actually quite strong, it's just very small, and as such, it is narrowly specialized. However, even if your interest doesn't fit directly with the core faculty, there is a constant stream of visitors. As far as monetary policy, Mike Woodford is here for the year and Gauti Eggertson (who does monetary stuff in an international context) for the semester, although Eduardo Engel who is on the faculty also does some monetary stuff and seems to be moving somewhat in that direction. He seems to come at it mainly from a lumpy adjustment point of view, which is what the vast majority of his work is in. Villaverde is here for the semester and Postel-Vinay was here for a while last year. The department has actively been making senior offers although it's still too early to see if any will be accepted. Kocherlakotka turned down an offer but there are still roughly 5-8 outstanding. If you have interest in macro labor and search, Yale is one of the best places for that. If you have interest in lumpy adjustment Eduardo Engel is one of the top two or three people in the field. Theres a strong interest here in heterogeneous agents and in computational macro. Overall, I would say that Yale macro is probably in the top 15ish range, but within macro labor, computation or investment and lumpy adjustment it is probably top 5 or better. There has been good placement lately. Rudi placed at Michigan last year and had other top offers. Theodore is getting good flyouts (Northwestern and LSE among others I believe) this year although I don't know if he's gotten offers yet. There are only 1-2 macro students on the market every year, but they usually get top 20 placements. I can't remember specific previous placements, but they're typically fairly good. Also, metrics, devo, empirical IO, and micro are all very strong, as stated before. Public finance is non-existent. Trade might be good in a year or two but is just starting to be actively expanded as of this year so it's not too great yet. There's not much behavioral stuff within the department although I think there's some in the business school.

02-28-2008, 01:47 AM	#30 (permalink)
phdseeker Eager! Join Date: Aug 2007 Posts: 38	My advisor told me that Yale is all about IO and econometrics. He said that the business group is strong in IO, Chevellier and others.

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