Department of Economics

Şebnem Kalemli-Özcan will join Brown’s Economics Department in July 2024

We are delighted to announce that Şebnem Kalemli-Özcan will join Brown’s Economics Department in July 2024!

Şebnem is one of the foremost experts in the world in international economics.  She has published many articles in top academic journals and she is one of the most cited economists in her field.  Her work has studied an impressive range of topics, including the impact of foreign direct investment on growth and business cycles, risk-sharing and global capital flows, and (most recently) the importance of global supply constraints on inflation during the post-COVID recovery.  She is a Research Associate at the NBER and serves as co-editor of the American Economic Journal: Macroeconomics.

In addition to her academic work, Şebnem is deeply involved in the creation of public policy.  She serves on many advisory panels to key policy-making bodies, for instance on the Economic Advisory Panel at the Federal Reserve Bank of New York and the Advisory Panel at the Bank of International Settlements.  She also worked as Assistant Director and Senior Policy Advisor at the International Monetary Fund from 2019-2020.

When she moves to Brown next summer, Şebnem will be returning to Brown, where she studied from 1995-2000 to receive her Ph.D. in Economics.  She came to Brown from Türkiye, where she received a B.S. in Economics with Honors from the Middle East Technical University in Istanbul.  Following her doctorate, Şebnem was a professor at the University of Houston through 2012, at which point she moved to the University of Maryland – College Park.  She is currently the Neil Moskowitz Professor of Economics and Finance at Maryland.

Once at Brown, Şebnem will help lead our research and teaching in macroeconomics.  She will also establish the Global Linkages Lab, which will track firm-bank linkages worldwide and the global allocation of capital, with the goal of understanding balance sheet weaknesses and ultimately preventing transmission of financial shocks to the real economy.