The Bank of Canada announced on March 18 that two University of Toronto economists are the 2019 recipients of the Bank’s prestigious Fellowship Award which grants recipients annual funding of up to $90,000 for a term of up to five years.
School of Cities affiliated faculty member, Michelle Alexopoulos (photo left), a professor of U of T’s Department of Economics, and Diego Restuccia, also a professor of economics, were recognized.
Alexopoulos’ research focuses on the use of data mining and textual analysis of non-traditional sources of information to fill existing data gaps. Her path-breaking research makes her the first female recipient of Fellowship.
“I am grateful to the Bank of Canada’s Governing Council and Fellowship Nominating Committee for awarding me this prestigious award,” says Alexopoulos. “It is an honour to have been selected and I am proud to be the first female to receive this prestigious fellowship.”
Alexopoulos’ work has concentrated on measurement in two key areas—technical change and sentiment/uncertainty—to gain insights into the economic effects of shocks and to test related theories.
“The funding will enable me to expand my research into the use of textual analysis and data-mining techniques for exploring the economic effects of uncertainty and technical change. I look forward to collaborating with the many talented economists at the Bank to provide real-time insights into trends and developments in the Canadian economy and in our country’s key trading partners.”
Republished in part from Arts & Science News