Institute for International Economic Policy
Encyclopedia
The Institute for International Economic Policy (IIEP) is part of the Elliott School of International Affairs
Elliott School of International Affairs
The Elliott School of International Affairs at the George Washington University is a professional school in international relations. It is located in the heart of Washington, D.C...

 at George Washington University
George Washington University
The George Washington University is a private, coeducational comprehensive university located in Washington, D.C. in the United States...

 (GW). It is located at the heart of global economic policy making and supports high-quality academic and policy research that addresses critical issues surrounding the emerging global economy. Faculty members and research scholars focus on economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

, political science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...

, legal and historical analysis in the fields of international trade
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...

, international finance
International finance
International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, global financial system, and how these affect international trade. It also studies international projects, international investments and capital flows, and trade deficits. It includes...

, and development economics
Development economics
Development Economics is a branch of economics which deals with economic aspects of the development process in low-income countries. Its focus is not only on methods of promoting economic growth and structural change but also on improving the potential for the mass of the population, for example,...

. Current research includes climate change adaptation in developing countries, economics of ultra-poverty
Poverty
Poverty is the lack of a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live...

, economic development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...

 in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

 and China-US economic relations, behavioral finance
Behavioral finance
Behavioral economics and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors, and their effects on market...

, and global economic governance. George Washington University chartered IIEP in July 2007. Its current director is Stephen C. Smith
Stephen C. Smith
Stephen C. Smith is an economist, author, and educator. He is Director of the Institute for International Economic Policy at George Washington University, where he is also Professor of Economics and International Affairs.-Background:...

.

About the Institute

The Institute for International Economic Policy serves as a catalyst for high quality, multi-disciplinary, and non-partisan research on policy issues surrounding economic globalization. The Institute research program helps develop effective policy options and academic analysis in a time of growing controversies about international economic integration in many countries around the world. The institute's work also encompasses policy responses for those who face continued poverty and financial crises despite worldwide economic growth. Affiliated faculty have appointments in the departments of economics, history, and political science as well as the law and business schools.

IIEP also serves as the institutional home of the Elliott School's International Trade and Investment Policy (ITIP) program. ITIP attracts outstanding master's candidates from around the world who are studying issues directly related to IIEP activities. IIEP also supports the Elliott School's certificate program in International Economic Policy. IIEP works in close collaboration with other George Washington University research centers (such as the Center for International Business Education and Research) and academic departments (see references below).

IIEP also organizes public events, symposia, and seminar series that explore academic and policy debates about globalization. These events help bring together researchers and policy-makers to see how cutting edge research can help inform economic policy making.

The institute takes full advantage of GW's unique location near the world epicenter of international economic policy. In particular, the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

, the U.S. Trade Representative, the Inter-American Development Bank
Inter-American Development Bank
The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean...

, the U.S. Department of State, U.S. Department of Treasury, U.S. Department of Commerce, the Federal Reserve Board, the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

, and the White House
White House
The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

 all lie within a ten-block radius of IIEP.

Faculty and Staff

  • Stephen C. Smith
    Stephen C. Smith
    Stephen C. Smith is an economist, author, and educator. He is Director of the Institute for International Economic Policy at George Washington University, where he is also Professor of Economics and International Affairs.-Background:...

    , Professor of Economics and International Affairs, Director, Institute for International Economic Policy, Ph.D. from Cornell University

  • Michael O. Moore, Professor of Economics and International Affairs, Director, International Trade and Investment Policy Program, and former director (2007-2009) of the Institute for International Economic Policy, PhD from University of Wisconsin–Madison.

  • Tony Castleman, Associate Research Professor of International Affairs, and Associate Director, IIEP, PhD from George Washington University

  • Kyle Renner, Department Operations Manager

  • William Becker, Professor of History and International Affairs, PhD from Johns Hopkins University

  • Sarah Baird, Assistant Professor of Global Health, PhD, University of California Berkeley, 2007

  • Susan Aaronson, Associate Research Professor of International Affairs, PhD from Johns Hopkins

  • Paul Carrillo, Assistant Professor of Economics, PhD from University of Virginia

  • Steve Charnovitz, Associate Professor of Law, JD from Yale University and MPP from Harvard University

  • Maggie Chen, Associate Professor of Economics and International Affairs, PhD from University of Colorado-Boulder

  • Marco Cipriani, Assistant Professor of Economics and International Affairs, PhD from New York University

  • Shahe Emran, Assistant Professor of Economics and International Affairs, PhD from Stanford University

  • Ana Fostel, Assistant Professor of Economics and International Affairs, PhD from Yale University

  • James Foster, Professor of Economics and International Affairs, PhD from Cornell University

  • Llewelyn Hughes, Assistant Professor of Political Science and International Affairs, PhD from Massachusetts Institute of Technology

  • Frederick L. Joutz, Professor of Economics, PhD from University of Washington

  • Danny M. Leipziger, Professor of International Business, PhD from Brown University

  • Arun Malik, Associate Professor of Economics, PhD from Johns Hopkins University

  • Joseph Pelzman, Professor of Economics and International Affairs, PhD from Boston College

  • Tara Sinclair, Associate Professor of Economics and International Affairs, PhD from Washington University

  • Susan Sell, Professor of Political Science and International Affairs, PhD from University of California-Berkeley

  • Jennifer W. Spencer, Associate Professor of International Business and International Affairs and Director, Center for International Business Education and Research (GW-CIBER), PhD from University of Minnesota

  • Steven Suranovic, Associate Professor of Economics and International Affairs, former Director, International Trade and Investment Policy Program, PhD from Cornell University

  • Chao Wei, Assistant Professor of Economics, PhD., Economics, Stanford University

Academics

IIEP supports GW academic programs focused on international economic policy including the Elliott School's:
  • Master's program in International Trade and Investment Policy, which provides professional training in international economic policy, international business, and development economics.
  • Undergraduate program in International Affairs, especially for those students focusing on international economic affairs.
  • Certificate program in International Economic Policy.


IIEP faculty members are also actively involved in the Ph.D. programs in disciplinary departments (such as economics, political science, and history) as well as professional programs in other GW schools (including the Law School and Business School).

Research and Publications

IIEP faculty members are actively engaged in cutting edge research on critical issues facing the global economy. Their research appears in leading academic journals, prestigious university presses, and important media outlets focused on current policy issues.

IIEP also organizes a working paper series where affiliated scholars showcase their ongoing research on critical academic and policy issues.

Resources

IIEP affiliated faculty organize important resources for those interested in international economic issues including:
  • International Economics Study Center, which includes an online economic textbook as well as links to news and media sources on international economics.

  • "Trade Agreement Insights", which provides analysis into the role of the global trade system on individuals and nations.
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