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Sept. 21, 2010

Federal Reserve officials said Tuesday that the U.S. inflation rate may actually have fallen too far. The comment came with a generally gloomy assessment of economic conditions at the end of the latest Fed meeting in Washington, and Fed officials stopped short of announcing any new measures to get the economy moving again. “Normally out of the bottom of a recession, growth does start to accelerate. What I see here is from the Fed’s point of view, it doesn’t see that trend yet,” said Kenneth Kopecky, finance chairman at Temple University’s Fox School of Business and a former Fed economist.

Continue reading at NPR…

Aug. 13, 2010

Eight times a year they gather in Washington, the 12 members of the Federal Open Market Committee, and their pronouncements on the state of the U.S. economy are much-awaited and much-studied. That was the case again Tuesday, when the FOMC declared that the pace of the economic recovery “had slowed in recent months.” Why did this Fed statement create such whiplash? “The world is filled with a cacophony of statements. Each of them may be right or each may be wrong,” said Kenneth J. Kopecky, chairman of the Fox School’s finance department and a former senior Federal Reserve economist. “But out of this huge cacophony of noise, [the Fed’s] is a respected signal. By and large, it’s the only game in town that we can say speaks with a lot of intellectual effort behind it. Not to say it’s always right. The world is hard to understand.”

Continue reading at The Philadelphia Inquirer…

The Department of Finance in the Fox School of Business at Temple University is ranked No. 4 nationally in the research rankings released by Academics Analytics on the scholarly production of professors at research universities in the United States.The department chair, Ken Kopecky, cited the importance of the work of recent hires, Associate Professor David Reeb and Assistant Professor Connie Mao for earning this distinction.However, he also stressed that the ranking is not based solely on the productivity of a few faculty members but is broadly based across the entire department.

“The ranking methodology was designed to recognize the productivity of the average faculty member, both in terms of the number of articles published and perhaps more importantly the number of citations accruing to those articles. We have been fortunate that the department’s presidential faculty have been very productive as a group.”

Professor Reeb is known for his work on family-run firms and on the structure of corporate boards and has published several articles in the Journal of Finance. Professor Mao, known for her work in corporate finance and on the valuation effects arising from the dissemination of information across international markets, has published in theJournal of Finance and the Journal of Financial and Quantitative Analysis.Professor J. Jay Choi, the Laura H. Carnell Professor of Finance, who is an expert in international finance, recently published in the Journal of Financial and Quantitative Analysis.In the banking area, Professors Elyas Elysiani and Kopecky have both published in the Journal of Banking and Finance while Associate Professor Jonathan Scott published in the Journal of Money, Credit and Banking.In the asset pricing area, Associate Professor Anne Zissu recently had two papers published in the Journal of Derivatives and Professor Manak Gupta published in the Review of Quantitative Finance and Accounting.The real estate area is part of the finance department. Professor Paul Asabere, who is an expert on real-estate public policy issues and Professor Forrest Huffman, an expert on taxation in real estate markets, have published joint papers inReal Estate Economics, Journal of Real Estate Finance and Economics, and the Journal of Real Estate Research.

Said M. Moshe Porat, dean of The Fox School, “I am pleased and proud that Academic Analytics has recognized the research of Fox School’s finance department. This ranking helps complete a banner year of top rankings for The Fox School. The recent hiring of Professor David Cummins from Wharton, an expert in financial institutions, will further enhance our research productivity.”