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Morrissey College of Arts and Sciences

Department of Economics

boston college


Boston College Economics PhD Program Climbs to 25th Place in the U.S. News and World Report Ranking of Top Graduate Programs in Economics

According to the recently released U.S. News ranking of US Ph.D. programs in economics, the BC economics program is ranked 25th overall, with an improvement of seven positions relative to the last ranking. The U.S. News ranking is a reputational ranking based on a survey of academics at peer institutions. It is therefore sticky and tends to lag actual improvements, which are captured more quickly by rankings based on more objective criteria.  For instance, according to the February 2017 IDEAS ranking of economics departments based on faculty publications, the BC economics department is ranked 18th in the US and 26th worldwide. The two rankings appear to be converging, as they both reflect the increasing excellence of the BC economics program's faculty and students.

For the 2017 US News ranking see:

For the latest IDEAS ranking see:

Reshaping the Federal Reserve

The resignation of one of the top officials at the Federal Reserve will have a "profound" impact in reshaping the board, said Professor Peter Ireland in the Boston Herald.

Could the Way Unemployment is Reported Change?

While the president may not trust the Bureau of Labor Statistics unemployment numbers, Economics Professor Bob Murphy says that the BLS is a world-class independent statistical agency that is inherently nonpartisan, and that mistrust of the BLS is "not justified."

Selected Publications

"Overconfident Consumers in the Marketplace," Michael D. Grubb, Journal of Economic Perspectives, (Fall 2015; PDF)

"In the Name of the Son (and the Daughter): Intergenerational Mobility in the United States, 1850-1940," Claudia Olivetti and M. Daniele Paserman, American Economic Review, (08/2015, PDF)

"Sufficient Statistics for Tariff Reform when Revenue Matters," James E. Anderson, and J. Peter Neary. Journal of international Economics, (2016, PDf)

"Information in Tender Offers with a Large Shareholder," Mehmet Ekmekci and Nenad Kos, Econometrica, (01/2016, PDF)

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