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The book Toward a Market Economy in Vietnam edited by Associate Professor William Alpert has been translated into Vietnamese. The translated title, “Để Tiến Tới Một Nền Kinh Tế Tự Do ở Việt Nam,” changes “market economy” to “free economy,” emphasizing social justice over competition.

Professor Alpert comments that “The Vietnamese are attempting their own version of a Chinese Economic Miracle.”


Professor William Alpert and Professor Oskar Harmon presented the  paper “Using Social Media in the Online Classroom”, co-authored with Joseph Histen, at the 74th International Atlantic Economic Conference in Montreal Canada, October 4-7.  The paper discusses issues related to  appropriate uses of social media in an instructional setting and presents empirical estimates of the effects of usage of social media on learning outcomes.

On August 10, 2012, Sanglim Lee defended his dissertation entitled “Expected Currency Excess Returns and Debt in the Business Cycle,” under the supervision of Professor Christian Zimmermann.

In the first chapter of his dissertation, Sanglim shows that the risk premium is an important factor in explaining deviations from Uncovered Interest Parity (UIP) in 20 developed and 18 developing countries. In the second chapter, he further examines the UIP condition with a two-country International Real Business Cycle model and shows that the business cycle risk driven by total factor productivity can account for deviations from UIP. The third chapter examines the effects of fiscal austerity on the Canadian economy using a two-sector small open economy model. The model’s simulation results indicate that the effect of fiscal austerity on the economy depends crucially on the relationship between public-debt levels and country-risk premiums.

Starting on October 8th, Sanglim works as a research fellow at the Korea Energy Economics Institute in South Korea.