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Aaron M. MedlinEconomics PhD Candidate
University of Massachusetts Amherst amedlin@umass.edu
Gordon Hall 110 412 North Pleasant St. Amherst, MA 01002 |
I am a doctoral candidate in economics at the University of Massachusetts, Amherst, and a research assistant at the Political Economy Research Institute (PERI). My research fields include macroeconomics, international finance, international political economy, and comparative economic systems.
My dissertation contributes to a deeper understanding of the Global Financial Crisis (GFC), the Federal Reserve’s international response as lender-of-last-resort, and the U.S. government’s campaign for benchmark interest rate reform. Identifying the source of the breakdown of monetary policy transmission to the U.S. economy as due to LIBOR, an offshore dollar interbank rate, which significantly deviated from domestic interest rates after the collapse of subprime mortgage bubble, the dissertation investigates how the Federal Reserve used currency swap lines to influence LIBOR and improve monetary policy transmission, investigates the factors driving central bank swap line usage by foreign central banks, and explores the shift from LIBOR to risk-free rates under central bank oversight.
I successfully defended my dissertation this past summer, 2023.
My teaching interests include macroeconomics, money, banking and finance, international finance, international economics, and comparative economic systems. My general approach to teaching is to expose students to an eclectic range of economic perspectives, for example, introducing students to some Post-Keynesian approaches and theories in addition to the mainstream New Keynesian in macroeconomics, highlighting contemporary theoretical and policy debates. I am also a strong advocate of going beyond basic theoretical models in textbooks and introducing students to basic statistical principles, particularly how to access public data sources, analyze them, and use them to formulate their own perspectives about the state of the economy.
I am currently on the job market for 2023-24, and will be available for interviews.
My dissertation contributes to a deeper understanding of the Global Financial Crisis (GFC), the Federal Reserve’s international response as lender-of-last-resort, and the U.S. government’s campaign for benchmark interest rate reform. Identifying the source of the breakdown of monetary policy transmission to the U.S. economy as due to LIBOR, an offshore dollar interbank rate, which significantly deviated from domestic interest rates after the collapse of subprime mortgage bubble, the dissertation investigates how the Federal Reserve used currency swap lines to influence LIBOR and improve monetary policy transmission, investigates the factors driving central bank swap line usage by foreign central banks, and explores the shift from LIBOR to risk-free rates under central bank oversight.
I successfully defended my dissertation this past summer, 2023.
My teaching interests include macroeconomics, money, banking and finance, international finance, international economics, and comparative economic systems. My general approach to teaching is to expose students to an eclectic range of economic perspectives, for example, introducing students to some Post-Keynesian approaches and theories in addition to the mainstream New Keynesian in macroeconomics, highlighting contemporary theoretical and policy debates. I am also a strong advocate of going beyond basic theoretical models in textbooks and introducing students to basic statistical principles, particularly how to access public data sources, analyze them, and use them to formulate their own perspectives about the state of the economy.
I am currently on the job market for 2023-24, and will be available for interviews.
| Medlin_Curriculum_Vitae.pdf |
© 2023 Aaron M. Medlin. All rights reserved.
