Zhiguo He, associate professor of finance, and Brent Neiman, associate professor of economics, have been named 2014 Alfred P. Sloan Research Fellows.
Awarded to promising early-career scientists in science, mathematics, economics, and computer science, the Alfred P. Sloan Foundation presents two-year fellowships of $50,000 to support original research and broad-based education related to science, technology, and economic performance.
Zhiguo He is mainly interested in how agency frictions affect the fuctioning of financial markets, with a special focus on contract theory. He has been working on the burgeoning field of macro finance which introduces financial intermediation into the macroeconomic workhorse models.
He's recent research on rollover risk studies the debt maturity structure and its implications on the recent financial crisis.
“The 2007-08 financial crisis has taught us a lot about how to think about the world, and I am trying to bringing these forces into our understanding of economic mechanisms,” He said.
Neiman's research focuses on international macroeconomics, a field he was drawn to after a stint working at the White House Council of Economic Advisers in 2003-04.
"That was a year where there was a lot of interest in economic relations between the U.S. and China," he said, adding that his tenure there as the staff economist for international finance opened him up to macroeconomics beyond the U.S. borders.
Neiman said he focused on four research papers in his application to Sloan — "Currency Unions, Product Introductions, and the Real Exchange Rate"; "The Global Decline of the Labor Share"; "Trade Adjustment and Productivity in Large Crises"; and "Trade and the Global Recession" — all of which are either in revision stages for or already accepted for publication in the American Economic Review or the Quarterly Journal of Economics.
The Sloan Foundation founded the Fellowship program in 1955 and awards 126 grants annually. Sloan Fellows are nominated by a department head or senior researcher, and must provide a curriculum vitae, two representative articles, a one-page research summary, and three letters from other researchers.