Stock prices declined abruptly in the wake of the Covid-19, reflecting both the deterioration of investors’ expectations of economic activity as well as the surge in risk aversion. In the following months however, economic activity remained sluggish while equity markets bounced back. This disconnect between equity values and macro-variables can be partially explained by other factors, namely the decline in risk-free interest rates, and -for the US- the strong profitability of the IT sector.
Do Foreign Yield Curves Predict U.S. Recessions and GDP Growth?
This paper shows that foreign term spreads constructed from bond yields of non-U.S. G-7 constituents predict future U.S. recessions and that foreign term spreads are stronger predictors of U.S. recessions occurring within the next year than U.S. term spreads.
Yackee’s December letter highlights growth of school
In her December letter to alumni and friends, La Follette School Director and Professor Susan Webb Yackee reflected on the past year and looked forward to 2022.
Mitchell Wenzel, MPA
“Madison has a plethora of opportunities for government agencies and nonprofits as the state’s hub of those sectors.”
Sukhvir Singh, MPA-MPH
“I hope to contribute to criminal justice reform by analyzing and advocating for policy changes surrounding the health of currently and formerly incarcerated individuals.”
Student covers election canvasing in audio story
Student journalist Haoyan (Ken) Wang covered efforts to get out the vote ahead of the November midterm elections for a class project.
Copelovitch named Jean Monnet Chair
This fall, the European Commission named Professor Mark Copelovitch a Jean Monnet Chair in the European Union (EU) and the Global Economy.
Photo Gallery: Politics & Policy with Nate Silver
Nate Silver of FiveThirtyEight shared insights into election forecasting and politics through a class visit, a conversation with local journalists, and a public talk.
Health policy undergraduates gain valuable experience through internships
Health Policy Certificate students have the opportunity to apply practical skills and knowledge gained during their coursework and develop skills in a professional setting through internships with the state legislature, nonprofits, healthcare organizations, and more.
Alumni News — November 2022
Recent alumni started exciting new roles and shared their expertise on a podcast and in the news.