Fed chair Bernanke cites Prof. Tan’s work on growth theories in emerging markets

Prof. Chih Ming Tan

Professor Chih Ming Tan, associate professor of economics, had his work cited earlier this fall in a speech made by Ben S. Bernanke, chairman of the Board of Governors of the Federal Reserve System, at the Cleveland Clinic “Ideas for Tomorrow” Series, 28 September 2011, Cleveland, Ohio.

Tan’s co-authored article titled, ““Are Any Growth Theories Robust?” was first published in the March 2008 Economic Journal (vol. 118) and used by Chairman Bernanke in support of his speech on “Lessons from Emerging Market Economies on the Sources of Sustained Growth”. Tan’s research was provided by Bernanke as evidence linking “fiscal discipline, low inflation, and a stable macroeconomic policy environment to stronger, long-term growth in both emerging and advanced economies,” given that Tan et al. were able to find “considerable support for the importance of stable macroeconomic policies” while “taking into account model uncertainty”.

Professor Tan, who specializes in economic growth& development and econometrics, publishes frequently in the leading journals of his discipline. He is currently working to uncover important causes of economic divergence across countries using model averaging techniques and sample splitting.

Professor Tan joined Clark in September 2010 following six years at Tufts University. Prior to teaching he served as an economic analyst with the Ministry of Defense in Singapore. He received his Ph.D in Economics from the University of Wisconsin-Madison in 2004 and his B.Sc. and M.Sc. in Economics from the London School of Economics.

For a list of selected publications and working papers visit Professor Tan‘s faculty biography.