7/22/97
CONTACT: Kathleen O'Toole, News Service (415) 725-1939;
e-mail kathleen.otoole@stanford.edu
Lawrence J. Lau, the Kwoh-Ting Li Professor of Economic Development, has been named director of the Center for Economic Policy Research, succeeding John B. Taylor, the Mary and Robert Raymond Professor of Economics, who has directed the center for three years. The center, which investigates a wide range of economic topics that are relevant to public policy, also has launched a major new initiative, called the Center for Employment and Economic Growth. Directed by economics Professors Timothy Bresnahan of the School of Humanities and Sciences and Paul Romer of the Graduate School of Business, the program is intended to study the relationship between long-term economic growth and the economic success of individuals and families in their jobs and careers.
Earlier this year, the 15-year-old policy research center announced the formation of the Center for Research on Economic Development and Policy Reform, which concentrates on the economic problems of developing countries and those under going economic transitions. It is directed by Professor Anne Krueger, the Herald L. and Caroline L. Ritch Professor of Economics.
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By Kathleen O'Toole