Bank of Canada / en Michelle Alexopoulos, Diego Restuccia recognized by Bank of Canada /celebrates/michelle-alexopoulos-diego-restuccia-recognized-bank-canada <span class="field field--name-title field--type-string field--label-hidden">Michelle Alexopoulos, Diego Restuccia recognized by Bank of Canada</span> <div class="field field--name-field-awards-type field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/celebrates/awards-type/research-innovation" hreflang="en">Research &amp; Innovation</a></div> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>rahul.kalvapalle</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-03-21T11:03:03-04:00" title="Thursday, March 21, 2024 - 11:03" class="datetime">Thu, 03/21/2024 - 11:03</time> </span> <div class="field field--name-field-awards-people field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/celebrates/awards-people/faculty" hreflang="en">Faculty</a></div> </div> <div class="field field--name-field-awards-campus field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/celebrates/awards-campus/st-george" hreflang="en">St. George</a></div> </div> <div class="field field--name-field-awards-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/taxonomy/term/6922" hreflang="en">Bank of Canada</a></div> <div class="field__item"><a href="/celebrates/awards-tags/bank-canada-fellowship" hreflang="en">Bank of Canada Fellowship</a></div> <div class="field__item"><a href="/celebrates/awards-tags/department-economics" hreflang="en">Department of Economics</a></div> <div class="field__item"><a href="/celebrates/awards-tags/faculty-arts-science" hreflang="en">Faculty of Arts &amp; Science</a></div> </div> <div class="field field--name-field-image-orientation field--type-list-string field--label-hidden field__item">landscape</div> <div class="field field--name-field-image field--type-image field--label-hidden field__item"> <img loading="lazy" src="/sites/default/files/2024-03/alexopoulos-diego.jpg" width="750" height="500" alt="&quot;&quot;"> </div> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-hidden field__item"><p><em>Michelle Alexopoulos and Diego Restuccia (supplied images)</em></p> </div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Professors <strong>Michelle Alexopoulos</strong> and <strong>Diego Restuccia </strong>from the&nbsp;department of economics in the Faculty of Arts &amp; Science have been awarded the <a href="https://www.bankofcanada.ca/research/fellowship-program/fellowship-award/">Bank of Canada’s Fellowship Award</a>.</p> <p>The award is given to academics in recognition of their expertise and research in areas important to the Bank of Canada’s core functions. Alexopoulos and Restuccia previously won the award in 2019.</p> <p>Alexopoulos's&nbsp;research examines the effects of technological evolution and disruption on the economy and labour markets and includes the innovative use of library classification systems for data mining and text analysis.&nbsp;Restuccia, who holds a Canada Research Chair in Macroeconomics and Productivity, is an expert on the macroeconomic implications of policies that change and influence how resources like land, capital, and labour are distributed across firms.&nbsp;</p> <p>“It is always an honour for the department of economics to see our faculty recognized for their outstanding achievements in research and their contributions to economics and its institutions,” said Professor <strong>Ettore Damiano</strong>, chair of the department. “Both Michelle and Diego are deserving of this recognition from the Bank of Canada and we are all thrilled to have two more reasons to celebrate them and the continuation of their work.”</p> <h3><a href="https://newsletter.economics.utoronto.ca/alexopoulos-restuccia-win-bank-of-canada-fellowship-award/">Read the Faculty of Arts &amp; Science announcement</a></h3> </div> <div class="field field--name-field-source field--type-string field--label-hidden field__item">FAS</div> <div class="field field--name-field-top-story-hub-page- field--type-boolean field--label-above"> <div class="field__label">Top Story (Hub page)</div> <div class="field__item">Off</div> </div> Thu, 21 Mar 2024 15:03:03 +0000 rahul.kalvapalle 306841 at Murat Alp Çelik and Liyan Yang recognized by Bank of Canada /celebrates/murat-alp-elik-and-liyan-yang-recognized-bank-canada <span class="field field--name-title field--type-string field--label-hidden">Murat Alp Çelik and Liyan Yang recognized by Bank of Canada </span> <div class="field field--name-field-awards-type field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/celebrates/awards-type/research-innovation" hreflang="en">Research &amp; Innovation</a></div> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>lanthierj</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2023-03-24T10:57:01-04:00" title="Friday, March 24, 2023 - 10:57" class="datetime">Fri, 03/24/2023 - 10:57</time> </span> <div class="field field--name-field-awards-people field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/celebrates/awards-people/faculty" hreflang="en">Faculty</a></div> </div> <div class="field field--name-field-awards-campus field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/celebrates/awards-campus/st-george" hreflang="en">St. George</a></div> </div> <div class="field field--name-field-awards-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/taxonomy/term/6922" hreflang="en">Bank of Canada</a></div> <div class="field__item"><a href="/celebrates/awards-tags/rotman-school-management" hreflang="en">Rotman School of Management</a></div> <div class="field__item"><a href="/celebrates/awards-tags/faculty-arts-science" hreflang="en">Faculty of Arts &amp; Science</a></div> <div class="field__item"><a href="/celebrates/awards-tags/department-economics" hreflang="en">Department of Economics</a></div> </div> <div class="field field--name-field-image-orientation field--type-list-string field--label-hidden field__item">landscape</div> <div class="field field--name-field-image field--type-image field--label-hidden field__item"> <img loading="lazy" src="/sites/default/files/media/celik-yang.jpg" width="750" height="500" alt="&quot;&quot;"> </div> <div class="clearfix text-formatted field field--name-field-cutline-long field--type-text-long field--label-hidden field__item">Murat Alp Çelik (L) and Liyan Yang (supplied photos)</div> <div class="clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Two Ƶ faculty members are being recognized with awards from the Bank of Canada for their research and expertise in areas important to the&nbsp;<a href="https://www.bankofcanada.ca/core-functions/" target="_blank">bank’s core functions</a>.</p> <p><a href="https://www.rotman.utoronto.ca/FacultyAndResearch/Faculty/FacultyBios/Yang">Liyan Yang</a>, a professor of finance at the Rotman School of Management, has been honoured with the <a href="https://www.bankofcanada.ca/research/fellowship-program/fellowship-award/">2023 Bank of Canada Fellowship Award</a>.</p> <p>Yang, who holds the Peter L. Mitchelson/SIT Investment Associates Foundation Chair in Investment Strategy at the Rotman School, is an internationally acclaimed scholar with expertise in financial markets, institutions&nbsp;and behavioural finance. His research proposes a coherent framework – both theoretical and empirical – for understanding how investors interact in financial markets and their effect on regulatory policy and the overall welfare of the economy.</p> <h3><a href="https://www.bankofcanada.ca/research/fellowship-program/awards-recipients/2023-fellowship-program-award-recipients/">Read more about the Fellowship Award</a></h3> <p><a href="https://muratcelik.faculty.economics.utoronto.ca/" target="_blank">Murat Alp Çelik</a>, assistant professor in the&nbsp;<a href="https://www.economics.utoronto.ca/" target="_blank">department of economics</a>&nbsp;in the Faculty of Arts &amp; Science, has been honoured with a&nbsp;<a href="https://www.bankofcanada.ca/research/fellowship-program/governors-award/">2023 Bank of Canada Governor’s award</a>.</p> <p>Çelik’s wide-ranging research interests include macroeconomics, economic growth, innovation, misallocation, inequality, firm dynamics, finance, mergers and&nbsp;acquisitions, and advertising.</p> <p>“This award inspires me to work further on the design of optimal dynamic policies that can align private and social incentives in innovation, which can potentially deliver higher growth and welfare for Canadians as well as the rest of the world – while at the same time minimizing negative externalities such as carbon emissions and the impact on climate change,” Çelik says.</p> <p><a href="https://www.economics.utoronto.ca/index.php/index/person/person/faculty/18" target="_blank">Ettore Damiano</a>, chair of the department of economics, says the award is an important and well-deserved &nbsp;recognition. “Murat has established himself as a leading young scholar studying the importance of innovation and firm and industry dynamics on economic growth.”</p> <h3><a href="https://www.artsci.utoronto.ca/news/murat-alp-elik-named-winner-bank-canada-governor-s-award">Read the Faculty of Arts &amp; Science story</a></h3> </div> <div class="field field--name-field-source field--type-string field--label-hidden field__item">UTC</div> <div class="field field--name-field-top-story-hub-page- field--type-boolean field--label-above"> <div class="field__label">Top Story (Hub page)</div> <div class="field__item">Off</div> </div> Fri, 24 Mar 2023 14:57:01 +0000 lanthierj 180927 at