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Economist addresses global markets and cash flows

April 2, 2008

KALAMAZOO--Global markets and how the cash flows will be explored Wednesday, April 9, during a presentation at Western Michigan University as part of the Werner Sichel Economics Lecture-Seminar Series.

Dr. Linda Tesar, professor and chair of the University of Michigan Department of Economics, will speak from 3 to 4:30 p.m. in Room 3508 of Knauss Hall. Her talk is titled "The Composition and Allocation of Global Financial Flows: What Are Markets Doing?"

Tesar's research focuses on issues in international finance, with particular interests in the international transmission of business cycles and fiscal policy, the benefits of global risk-sharing, the global allocation of capital, international tax competition and the impact of off-shoring.

Tesar is a research associate at the National Bureau of Economic Research and has been a visitor in the research departments of the International Monetary Fund, the Board of Governors of the Federal Reserve System and the Federal Reserve Bank in Minneapolis. She has also served on the Academic Advisory Council to the Federal Reserve Bank of Chicago.

Tesar earned her doctoral degree from the University of Rochester in 1990 and spent seven years on the faculty of the University of California in Santa Barbara. She joined the faculty at U of M in 1997. Results of her research have been published in major economics journals, including the American Economic Review, the Journal of International Economics, the Review of Economic Dynamics and the Journal of Monetary Economics.

Tesar is among six leading economists and the final speaker exploring globalization and its impact during the 44th annual speaker series, which is named in honor of a longtime WMU economics professor. Presented by the Department of Economics, the series is co-sponsored by the W. E. Upjohn Institute for Employment Research and the Diether H. Haenicke Institute for Global Education. For more information, call the WMU Department of Economics at (269) 387-5535.

Media contact: Mark Schwerin, (269) 387-8400, mark.schwerin@wmich.edu

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