That includes serving on the board of directors of the Chicago Federal Reserve and on the Illinois Task force on Telecommunications. Moses, who has a joint appointment at the Transportation Center, is a specialist in transportation economics, and so is Ian Savage, the department's assistant chair. Reiter has appointments in economics, Kellogg and mathematics and has invented algorithms that the University expects to market. He also is the director of the University's Center for Mathematical Studies in Economics and Management Science, which serves as an important bridge between economics and Kellogg, said Panzar. The math center plays a crucial role in maintaining that contact.
Econometricians also play a major role in the department today.
And ultimately it is impossible for economics to lay claim to being a social science without developing ways for its theories to confront and explain the economic data in the world around us. Professor Mark Watson is the econometrician who has received the most popular press in recent years for a revised Index of Leading Economic Indicators that he and James H. Stock of Harvard University devised. The index is intended to be more precise and more useful in predicting a recession than the official index of leading economic indicators. Porter will deliver the keynote address at the society's meeting in Brussels this summer. Other econometricians include Associate Professor Ian Domowitz as well as Assistant Professors Thomas Downes, Joseph P. Ferrie, Bruce Meyer and Bo Honore, a highly sought after econometric theorist.