The School of Arts and Sciences at the University of Pennsylvania has launched a new faculty position in economics, made possible by a $3 million donation from the W.P. Carey Foundation. Dr. Enrique Mendoza, a prominent economist known for his work on global financial flows, sovereign debt, and economic downturns, has been appointed as the first William P. Carey Professor of Economics. The endowed role aims to strengthen interdisciplinary collaboration, particularly between economics and political science. n nSAS Dean Mark Trodden highlighted the vision of William Polk Carey, who believed that insights from both disciplines could enrich one another. Mendoza’s career reflects this synergy, having contributed to public policy through roles at the Federal Reserve and the International Monetary Fund. His academic leadership includes past directorship of the Penn Institute for Economic Research and editorial responsibilities at the Journal of International Economics. n nBeyond this appointment, Mendoza is affiliated with several prestigious institutions, including the Econometric Society and the National Bureau of Economic Research. He also advises international bodies such as the Bank for International Settlements. n nThe W.P. Carey Foundation has a longstanding relationship with Penn, previously funding the Carey Law School, supporting dual-degree programs, and establishing research centers and awards in economics and mathematics. This latest contribution continues a legacy of advancing academic excellence at the university.
— news from The Daily Pennsylvanian
— News Original —
School of Arts and Sciences establishes professorship in economics following $3M donation
Penn Economics professor Enrique Mendoza was named the inaugural William P. Carey Professor of Economics on Nov. 20 following a $3 million donation to the School of Arts and Sciences. n nThe W.P. Carey Foundation made the donation to create a faculty role that can support work connecting the fields of economics and political science. Mendoza, whose research interests focus on international capital flows, financial crises, sovereign debt, and business cycles, will take on the position to integrate ideas across disciplines. n nIn the School of Arts and Sciences ‘ announcement, SAS Dean Mark Trodden cited Carey’s belief that the economics and political science fields “stimulated and enhanced the other” as motivation to add the endowed chair. n n“Enrique Mendoza exemplifies this connection, applying his expertise to public service and public service to his research,” Trodden wrote. n nWilliam Polk Carey, the foundation ‘s founder, was “deeply passionate” about collaboration between these fields, 2019 Wharton graduate William P. Carey II added in the announcement. n nCarey, who serves on Penn ‘s Board of Trustees and chairs the W.P. Carey Foundation, added that William Polk Carey believed “politicians should be better informed about economic principles, and that economists must better understand the political realities that shape policy.” n nMendoza joined the Penn community in 2013 and previously served as a Presidential Term Professor and Director of the Penn Institute for Economic Research. Before coming to Penn, he held academic appointments at the University of Maryland and Duke University. n nMendoza has served on the staff of the Board of Governors of the Federal Reserve and the International Monetary Fund, on the National Science Foundation Economics panel, on editorial boards of several academic journals, and as managing editor of the Journal of International Economics. n nMendoza is a fellow of the Econometric Society, a research associate at the National Bureau of Economic Research, and a member of advisory groups, including the Bank for International Settlements Advisory Panel and the Latin American Committee on Macroeconomic and Financial Issues. n nThe foundation has previously supported several Penn initiatives in economics, law, and business. Its past contributions include endowing the University of Pennsylvania Carey Law School, helping establish the three-year Francis J. and William Polk Carey JD/MBA program, co-founding the Penn Institute for Economic Research, endowing the William Polk Carey Prize in Economics, and supporting term chairs in mathematics and economics.