Lowe Institute of Political Economy, Claremont McKenna College
The Lowe Institute of Political Economy has three main goals. Our first goal is to provide students with opportunities to apply, in a supervised environment, their textbook knowledge of economics to complex problems in fields ranging from academic research to policy consulting to corporate development. Our second goal is to promote continuing education of faculty to renew their expertise and heighten their scholarly impact. Our third goal is to raise the profile of Claremont McKenna College.
The Institute has sponsored research on a variety of public policy issues including health care and tax reform to the regulation of trade, international finance, monetary policy, commerce and public utilities. In recent years, the Lowe Institute has broadened its coverage of economic topics to include economic history, financial economics, labor economics, industrial organization, environmental economics and the economics of conflict so that we can better match the research interests of students with faculty. Research methodologies typically combine conceptual approaches learned in the classroom with data analysis and econometric testing. Students working at the Institute learn STATA, a leading econometric software package used in the private and public sectors to analyze economic data. Research results are presented at conferences and workshops and published in professional journals, monographs and conference volumes. Research sponsored by the Institute has recently appeared in top economics journals including the Quarterly Journal of Economics, Journal of Money, Credit, and Banking, Journal of Economic History, and the Journal of International Money and Finance. Leading newspapers and public policy outlets including the Wall Street Journal, New York Times, and VOXEU, have discussed research sponsored by the Lowe Institute.