Economics/Finance, International

Background
Camillus has served since 1977 on the faculty of Pitt’s Joseph M. Katz Graduate School of Business, where he has taught in both the MBA and doctoral programs. Previously, he was professor of management at the Indian Institute of Management, Ahmedabad.

Camillus earned his doctorate in business administration at Harvard Business School. He was a gold medalist in the MBA Programme at the Indian Institute of Management, Ahmedabad, and received the B. Tech degree in mechanical engineering from the Indian Institute of Technology, Chennai. In addition, Camillus has been extensively involved in designing and offering executive education programs for practicing managers in the United States, Europe, and Asia. He has served as a consultant to more than 70 organizations, some of which included Fortune 500 companies in manufacturing, the chemical and energy industries, professional service firms, government agencies, and nonprofit organizations in the areas of the arts, museums, education, professional membership, economic development, foundations, and health.

Camillus has received numerous awards in recognition of teaching excellence, including the Best Teacher Award at the Indian Institute of Management, Ahmedabad, and the Universitywide Chancellor’s Distinguished Teaching Award at the University of Pittsburgh.

Background
Craft has researched and published extensively in the field of human resources and labor relations. Current research activities include an inquiry into the elements of organizational human resources strategy, the use of human resources systems to enhance organizational competitiveness, and an examination of the evolving characteristics of unions and collective bargaining.

Craft has served as a Brookings Economic Policy Fellow in Washington, D.C., and has been employed as a labor force analyst with the U.S. Department of Labor. He has been a visiting professor at Universidad Tecnica Federico Santa Maria (Valparaiso, Chile) and the International Management Center (Budapest, Hungary). In addition, he has lectured on human resources topics in universities and in business programs in Ecuador, Chile, Brazil, Argentina, Mexico, Turkey, Czech Republic, Slovakia, the United Kingdom, and Poland.

Background

Lehn's areas of expertise include managerial economics, international business; corporate finance, including mergers and acquisitions; corporate governance; and capital structure.

He has published in leading academic journals, including the Journal of Financial Economics, Journal of Finance, Journal of Political Economy, American Economic Review, and Journal of Law and Economics. Lehn also has published several op-ed pieces in The Wall Street Journal. He has served as a consultant for numerous firms and government agencies, including J.P. Morgan Chase, Lehman Brothers, The Walt Disney Company, Marriott, Procter & Gamble, AT&T Wireless, the National Hockey League, the Department of Justice, and the Securities and Exchange Commission. Prior to joining the Pitt faculty in 1991, Lehn served for four years as chief economist of the U.S. Securities and Exchange Commission.

Background

Cassing is a professor of economics with expertise in international economics and the economics of deregulation and reform. He has advised governments in Indonesia, Jordan, Egypt, Kenya, and South African on various policy reform packages and has made presentations to governments, ministries, and conferences worldwide.

Cassing has served as part of the Development Research Group for the World Bank Group and as a visiting research scholar at the International Monetary Fund. He is the author of Capital, Technology, and Labor in the New Global Economy (Aei Press, 1989) and a contributing author for Trade Disputes and the Dispute Settlement Understanding of the WTO: An Interdisciplinary Assessment (Cambridge University Press, 2009). He is on the editorial board of The Journal of International Trade and Economic Development.

Background
DeJong’s main area of expertise is macroeconomics, specifically focused on the formal statistical implementation of theoretical models for the purpose of forecasting aggregate economic activity. He has authored a textbook on this topic, Structural Macroeconometrics (Princeton University Press, 2007), has published 40 articles in refereed journals, and has won financial support from the National Science Foundation for his research activities.

DeJong helps to maintain the University of Pittsburgh U.S. Gross Domestic Product (GDP) Forecasting Model, which has proven useful for identifying post-war economic cycles and business-cycle turning points identified by the National Bureau of Economic Research. The model predicts an end to the current recession before the end of this year.

Background

Husted’s primary teaching assignments have been in the area of international economics, at all levels. His current research interests focus on empirical modeling of exchange rate behavior.

Early in his career at Pitt, Husted served for one year as a senior staff economist on the President's Council of Economic Advisers, specializing in trade policy issues. From 1999 to 2005, was the associate dean for graduate studies and research in Pitt's School of Arts and Sciences. Most recently, he has taken the position of Managing Director of Condit, a comprehensive online index of journal articles, books, book reviews, collected volume articles, working papers, and dissertations compiled by the American Economic Association.

He has published three books and more than 20 articles and other publications, including Capital, Technology, and Labor in the New Global Economy (American Enterprise Institute 1988) and "Real Exchange Rates during the Gold Standard," The Journal of Political Economy (December 1991).

Background

Rawski conducts research on the nature and implications of recent developments and long-term changes in the economy of China. He coedited China’s Rise and the Balance of Influence in Asia (University of Pittsburgh Press, 2007), a multifaceted examination of China in the areas of economics, trade, investment, politics, diplomacy, technology, and security. He is also coeditor and a contributor to China’s Great Economic Transformation (Cambridge University Press, 2008).

Rawski, whose work uses materials in Chinese, Japanese, German, and English, has received international recognition, including lecture invitations and paper presentations. In addition, he received an Astor Visiting Professorship from the University of Oxford. He has been a visiting scholar or senior fellow at universities around the globe and is on the editorial boards of numerous publications.

Background
Richard’s main focus is econometrics or the blending of statistics and economics. Prior to his position at the University of Pittsburgh, Richard taught at the London School of Economics, Duke University, and the Catholic University of Louvain, where he was research director of the world-renowned research institution C.O.R.E.

Richard is an elected fellow of the Econometric Society, a fellow of the Econometric Journal, and a Knight of the Order of Leopold in Belgium. He has published two books and more than 70 articles in leading journals. Richard helped build the University of Pittsburgh U.S. Gross Domestic Product (GDP) forecast model, which is exceptionally accurate at identifying economic cycles and National Bureau of Economic Research recessions in the post-war period. It predicts an end to the current recession before the end of this year.

Background
Branson specializes in corporate law and securities regulation and is considered one of the top corporate law experts in the United States.

His reputation as one of the country’s most productive and thoughtful business law scholars has earned him an especially influential role in framing the highly prestigious American Law Institute’s recommendations for corporate governance. In addition, Branson is considered to be the world’s leading expert on the corporate-law aspects of Alaska native corporations.

Most recently, he has been a USAID consultant to the Ministries of Justice in Indonesia, Ukraine, and Slovakia, advising on corporate law, capital markets law, corporate governance, and securitization issues. Branson's books include the treatise Corporate Governance (Lexis Law Pub. 1993, with annual supplements), Understanding Corporate Law (Lexis Nexis, 3rd ed. 2009), No Seat at the Table: How Corporate Governance and Law Keep Women Out of the Boardroom (New York University Press, 2006), and The Last Male Bastion – Gender and the CEO Suite at America’s Public Companies (Routledge, 2009).

Background
Caginalp’s research reaches beyond classical economic theories and financial models by studying how markets function in response to participant behavior and real-world situations. His findings are based on integrated mathematical models of experimental, lab-based markets, and world market data.

Caginalp has published nine papers with 2002 Nobel laureate Vernon Smith that suggest that markets are fueled by excess cash, and that bubbles peak when those chasing the trend have exhausted their supply of cash. Moreover, Caginalp’s work has found that the instability created by bubbles discourages investment. Applying this concept, for instance, to the recent commodity bubble for oil, he argues that the erratic prices were a major (though largely ignored) factor that has created difficulties for growth and investment in developing nations with limited resources.

Caginalp expects that the current global recession could result in tension between rich and developing nations attending the G20 summit. In a downturn, wealthy nations such as the United States and those in Europe do not want to risk the assets they have accumulated, while nations such as Indonesia and Mexico with more limited assets look toward growth and investment for relief. Additional contention will likely arise over government regulations and the concern that more stimulus may lead to inflation, he believes.

Caginalp has published papers on many aspects of mathematical economics and finance. He has served as editor of the Journal of Behavioral Finance for four years, and is an associate editor of several journals. His research has been funded by private entities including LGT Asset Management, the Dreman Foundation, and the Fred Maytag Family Foundation.

Background

Hansen, a political science professor in Pitt’s School of Arts and Sciences with joint appointments in the Women’s Studies Program and the Graduate School of Public and International Affairs, has expertise in American politics, economic policy, taxation, state and local politics, and women and politics, including state policies affecting women and the impact of women in public office.

She has written numerous articles in academic journals, including “Explaining the ‘Brain Drain’ From Older Industrial Cities: The Pittsburgh Region,” with Leonard Huggins and Carolyn Ban, in Economic Development Quarterly (2003); “Governors’ Job Performance Ratings and State Unemployment: The Case of California,” in State and Local Government Review (Winter 1999); “State Implementation of Supreme Court Decisions: Abortion Rates Since Roe v. Wade,” in Journal of Politics (May 1980); and “The Supreme Court, the States, and Social Change: The Case of Abortion,” in Journal of Peace and Change (Fall 1980). Hanson's book, Globalization and the Politics of Pay: Policy Choices in the American States (Georgetown University Press, 2006), analyzes the impact of economic policy choices and labor regulations on adaptation to globalization in the 50 states since 1970.