Show The Graduate Center Menu

Economics: Alumni News

Turan Bali (Class of '98) is serving as associate editor at Review of Financial Economics, Journal of Portfolio Management, Journal of Banking and Finance, Journal of Futures Markets, and Journal of Risk. He presented his work in twenty-one national and international conferences and sixteen invited seminars; for this he traveled the world from China, Singapore, and Australia, to Norway, the UK, and Switzerland. Turan recently accepted a position as the Robert S. Parker Chair Professor of Finance McDonough in the School of Business, Georgetown University.


“Systematic Risk and the Cross-Section of Hedge Fund Returns,” with S. Brown and M. Caglayan (Class of ’98)Journal of Financial Economics 106 (1): 114-31.

“Does Systemic Risk in the Financial Sector Predict Future Economic Downturns?” with L. Allen and Y. Tang, Review of Financial Studies 25 (10): 3000-3036.

“A Generalized Measure of Riskiness,” with N. Cakici and F. Chabi-Yo, Management Science 57 (8): 1406–23.

“Do Hedge Funds’ Exposures to Risk Factors Predict Their Future Returns?” with S. Brown and M. Caglayan (Class of '98), Journal of Financial Economics 101 (1): 36–68.

“Maxing Out: Stocks as Lotteries and the Cross-Section of Expected Returns,” with R. Whitelaw and N. Cakici, Journal of Financial Economics 99 (2): 427-46.

“The Intertemporal Relation between Expected Return and Risk on Currency,” with K. Yilmaz, Handbook of Financial Econometrics, C.-F. Lee (ed.), Springer (forthcoming).

“International Equity Markets: Risk and Return,” with Y. Atilgan and K. O. Demirtas, International Finance: A Survey, H. Baker and L. Riddick (eds.), Oxford University Press, 2012.

“Is There a Relation between Discrete Time GARCH and Continuous Time Diffusion Models?” Financial Econometrics Handbook, G. Gregoriou and R. Pascalau (eds.), Chapman Hall--Taylor and Francis (forthcoming).

John Bridges (Class of '02) was promoted to associate professor in Fall 2011 at the Department of Health Policy & Management, Johns Hopkins Bloomberg School of Public Health, where he is the Director of the MHS in Health Economics.

Mustafa Caglayan (Class of '01) is an assistant professor of finance at Ozyegin University, Istanbul, Turkey.

“Do Hedge Funds’ Exposures to Risk Factors Predict Their Future Returns?” with Turan G. Bali (Class of '98) and S. J. Brown, Journal of Financial Economics 101 (2011): 36-68.

“Systematic Risk and the Cross-Section of Hedge Fund Returns,” with S. Brown and Turan Bali (Class of '98)Journal of Financial Economics 106 (1): 114-31.

Steven Chaikind (Class of '78) recently retired as professor of economics and finance at Gallaudet University in Washington, D.C., where he taught for the past twenty-three years, and was named University Distinguished Faculty member in 1997. He continues to teach in the MS Program in Applied Economics at Johns Hopkins University. His research has long been in education finance and in special education issues. Recently, he began research in a new discipline, wine economics, and has published a number of papers in The Journal of Wine Economics.


“The Role of Viticulture and Enology in the Development of Economic Thought: How Wine Contributed to Modern Economic Theory,” Journal of Wine Economics 7 (2012): 213-25.

Dhaval Dave (Class of '03) was recently a visiting scholar at Columbia University Population Research Center and School of Social Work. Dhaval was the principal investigator on a new two-year grant from the National Institutes of Health (April 2012-March 2014) for the project "Impact of 100% Smoke-Free Laws on the Health of Children & Infants." He served on several review panels and presented his research at conferences in Switzerland, Italy, Canada, California, Nevada, Boston, and Washington D.C., and at the University of Connecticut, Cornell University, Lehigh University, and Columbia University. 


“Impact of Direct-to-Consumer Advertising on Pharmaceutical Prices and Demand,” with Henry Saffer (Class of '77)Southern Economic Journal 79 (2012): 97-126.

“Effects of Welfare Reform on Educational Acquisition of Young Adult Women,” with N. Reichman and Hope Corman (Class of '78), Journal of Labor Research 33, no. 2 (2011): 251-82.

“Demand for Health Capital,” in R. E. Santerre and S. P. Neun, Health Economics: Theory, Insights, and Industry Studies, South-Western, 2012.

“Global Health and the Economy,” with Nadia Doytch (Class of '07) and Inas Rashad Kelly (Class of '04), Human Biology Review 1, no. 1 (January 2012): 100-122.

“How does the Business Cycle Affect Eating Habits?” with Inas Rashad Kelly (Class of '04)Social Science and Medicine 74, no. 2 (2012): 254-62.

“Effects of Welfare Reform on Vocational Education and Training,” with N. E. Reichman, Hope Corman (Class of '78), and Dhiman Das (Class of '08)Economics of Education Review 30, no. 6 (2011): 1399-1415.

“Isolating the Effect of Major Depression on Obesity: Role of Selection Bias,” with Jennifer Tennant (Class of '06) and Gregory Colman (Class of '01)Journal of Mental Health Policy and Economics 14, no. 4 (2011): 115-36. 

Nadia Doytch (Class of '07) accepted a position as assistant professor of economics at Brooklyn College, CUNY. She was previously assistant professor at the University of New Haven. Nadia presented her work at conferences in Philadelphia; Boston; Manila, Philippines; Thailand; Vancouver, Canada; and Izmir, Turkey, and at William Patterson University.

“Global Health and the Economy,”  with Dhaval Dave (Class of '03) and Inas Rashad Kelly (Class of '04)Human Biology Review 1 (1): 100-122.

“Foreign Direct Investment and the Environment: FDI Halo vs. Pollution Haven,” with M. Uctum, International Sustainable Development Research Society Newsletter 1: 14-16.
“Linkages between Mergers and Acquisitions (M&A) and Economic Growth,”Global Science and Technology Forum Business Review 1 (3): 75-80.
“Education and Health Spending during Crises,” with B. Hu and R. Mendoza, in Harper, Jones, Mendoza, Stewart, and Strand (eds.), Children in Crisis: Seeking Child-Sensitive Policy Responses (UNICEF and Overseas Development Institute), Palgrave Macmillan Rethinking International Development Series, 55-72.
“Sectoral Growth Effects of Cross-Border Mergers and Acquisitions,” with M. Uctum, Eastern Economic Journal 38 (3): 319-330.
“FDI and Entrepreneurship in Developing Countries,” with N. Epperson, Global Science and Technology Forum Business Review 1 (3): 120-125.

“Growth Effects of Mergers and Acquisitions: A Sector-level Study of OECD Countries,” with Esin Cakan (Class of '08)Journal of Applied Economics and Business Research 1 (3): 120-29. 

“What is the Impact of Inward FDI Flows on Host Country Entrepreneurship?” with N. Epperson, Proceedings of the Northeast Business & Economics Association, 132-37.
“Employment Effects of Mergers and Acquisitions in the United States by Sector,” with F. Mixon and K. Upadhyaya, Applied Economics Letters 18 (10): 925–28.

“Sectoral Growth Effects of United States Mergers and Acquisitions: a Time Series Analysis” with Esin Cakan (Class of '08), Journal of Applied Economics and Business Research 1 (1): 4-11. 

Ellen Dulberger (Class of ‘86) is now a consultant at Ellen Dulberger Enterprises. She retired from IBM, where she was previously vice president of enterprise risk management. She is also a cochair of the Alumni Professional Development Task Force at the Graduate Center.

David Durbin (Class of '92) was promoted to global chief risk officer for Partner Reinsurance, a global reinsurance company. The headquarters are located in Bermuda, with major offices in Greenwich, CT; Paris; and Zurich. David has oversight and is responsible for risk management and modeling for the entire firm.

Tim Kearney (Class of '92) was named chair of the Business Department at Misericordia University. 

Catherine Lau (Class of '12) is an assistant professor of economics and finance at Carthage College, Wisconsin. She presented her work “Performance of Insured Municipal Bond Market After the Insurers’ Downgrades: Some Preliminary Results” at the NY Economics Association Meeting, Fall 2011, at SUNY Farmingdale.

Mary LoRe (Class of '03) is the chair of the Department of Business Administration at Wagner College, was promoted to full professor in Fall 2012, and was also honored as the Periclean Faculty Campus Leader & Grant Recipient for the Periclean Faculty Leadership Program.
“European Union: Unification & Convergence,” with Cathyann Tully, International Journal of Economics & Business Review 3, no. 3 (Fall 2011), 262-82.
“Engaged Learning Models for Civic Engagement,” with F. DeSimone & J. Buddensick, European Journal of Management 11, no. 3 (Fall 2011), 79-87.

Steven Malin (Class of '80) accepted a position as the director of research at Wealthstream Advisors. Additionally, he will be teaching three classes in Spring 2013 at Queens College.

Dickie Paria (Class of '99) changed jobs and took a new position as an experienced transfer pricing manager with KPMG's Economic and Valuation Services group located out of their Seattle office. He was previously a transfer pricing manager at Stream Global Services.

Raymond Quinlan (Class of '07) is the executive vice president of banking at CIT, where he manages the development and implementation of CIT banking strategy. Prior to CIT, Ray spent more than thirty years at Citigroup, where he served as chairman and CEO, retail distributions of North America, which included all of Citigroup’s bank branches and its online banking. He was also managing director of M&A Execution and the CEO of International Cards Division. Ray is a member of the Board of Trustees of the Graduate Center Foundation.

Karl Widerquist (Class of '96) is the coeditor of two books: Alaska’s Permanent Fund Dividend: Examining its Suitability as a Mode (Palgrave Macmillan, 2012) and Exporting the Alaska Model: Adapting the Permanent Fund Dividend for Reform around the World (Palgrave Macmillan, 2012). Since 2009, Karl has served as associate professor at the School of Foreign Service in Qatar, operated by Georgetown University. Two years ago he married Elizabeth Smith Rousselle. They went to Council Bluffs, Iowa, to get married to show solidarity with the state’s same-sex marriage legislation.

Submitted on: JUL 10, 2013

Category: Alumni News | Economics