Center for Analytical Economics (CAE)

Kaushik Basu is Professor of Economics and C. Marks Professor of International Studies in the Department of Economics, and Director, Center for Analytical Economics. Kaushik Basu is also a Steering Committee member of the International Economic Association. He is currently researching on the problems of aggregating infinite streams of return, the role of group identity in determining economic outcomes and the problems of international labor standards and child labor.
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David Easley is the Henry Scarborough Professor of Social Science and a Professor of Economics at Cornell University. His research is in the fields of economics, finance and decision theory. In economics, he and Larry Blume work on learning and selection in stochastic intertemporal general equilibrium models. In finance, his work with Maureen O'Hara focuses on market microstructure and asset pricing. In decision theory, he works on modeling decision making in complex environments.

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Nicholas M. Kiefer is the Ta-Chung Liu Professor in the departments of Economics and Statistical Sciences at Cornell and organizer of the CAE Program in Econometrics. He is a Fellow of the Econometric Society and a past Guggenheim Fellow. Kiefer works on applications of dynamic programming in modeling and inference, geometry of inference, financial econometrics, and risk management with special focus on banking and financial institutions.
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Karl Shell is the Thorne Professor of Economics and editor of the Journal of Economic Theory. Shell is the organizer for the CAE's program in macroeconomics, co-director with Neil Wallace of the Penn State - Cornell semi-annual macro workshop, and a fellow of the Econometric Society. His research focuses on: sunspot equilibrium, overlapping generations, and technological evolution.
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