Established in 1988 through a gift from Dr. Robert V. Roosa, PhD ’42 econ, who served as undersecretary of the treasury for monetary affairs (1961-64) and was a Wall Street investment banker.Robert V. Roosa Dissertation Fellowship is in Monetary Economics. For the purpose of this award, "Monetary Economics" is to be interpreted broadly to include international finance, money and banking, monetary theory and policy, and the analysis of financial markets. The Robert V. Roosa Dissertation Fellowship in Monetary Economics is a highly competitive award program that covers tuition for three terms, GradCare health insurance, and a stipend. There is one recipient of this departmental award every other year.
Candidate Recipient:
Andrea Foschi
Andrea Foschi is a PhD candidate in Economics at the University of Michigan. His research focuses on international finance and macroeconomics.
He combines novel data sources and empirical methodologies with quantitative models to understand how regional differences shape local responses to events and shocks; explore the role of expectations and news in international macro-financial phenomena; and study the real implication of frictions in international financial markets.
Specific research topics he has worked on include the relationship between asset safety and fiscal policy, the effectiveness of monetary policy communication and forward guidance, the role of labor mobility and asymmetric expectations in currency unions, and the importance of bank specialization for the absorption of regional shocks.
In 2021, he received the Outstanding Third-Year Paper Award from the Department of Economics for the paper “Inflation Expectations and External Imbalances in a Monetary Union”.
In the summer of 2022, he joined the Monetary and Capital Markets Department at the International Monetary Fund as part of the Fund Internship Program.
Precandidate Receiptient
Emmanuel Boah
Emmanuel Boah is a Ph.D. student in Economics at the University of Michigan. His research interests are in Finance, International Economics, and Macroeconomics. He is also interested in the application of machine learning and textual analysis in Economics and Finance research. He earned his B.A. in Economics from the University of Cape Coast, Ghana, and an M.S. in Economics and an M.S. in Data Science from South Dakota State University.
