Cosmin L. Ilut, Associate Professor

Professor Ilut’s major fields of interest are macroeconomics, international finance, asset pricing, and economics of information. Specifically, he focuses on the role of expectations and how agents incorporate information. He is currently focusing on settings in which agents face model uncertainty. Based on decision theoretical foundations (ambiguity aversion), he studies the role of such uncertainties for understanding macroeconomic issues like business cycle fluctuations, asset pricing and optimal policy.

Contact Info:

Office Location:	238 Social Sciences, Box 90097, Durham, NC 27708
Office Phone:	(919) 660-1817
Email Address:
Web Page:	https://sites.google.com/site/cosminilut/

Teaching (Fall 2021):

• ECON 702D.001, MACROECONOMIC ANALYSIS I Synopsis

  Online ON, MW 10:15 AM-11:30 AM

• ECON 702D.01D, MACROECONOMIC ANALYSIS I Synopsis

  Online ON, Tu 07:00 PM-07:50 PM

• ECON 702D.02D, MACROECONOMIC ANALYSIS I Synopsis

  Online ON, Tu 07:00 PM-07:50 PM

• ECON 882.03, TOPICS MACRO/INTERNATL FINANCE Synopsis

  Online ON, MW 03:30 PM-04:45 PM

Education:

Ph.D.	Northwestern University	2009
M.A.	Northwestern University	2005
MA, Economics	Central European University, Budapest, Hungary	2004
BS, Economics	Babes-Bolyai University, Cluj-Napoca, Romania	2002

Specialties:

Macroeconomics
International Economics and Finance
Financial Economics

Research Interests: Macroeconomics, International Finance, Economics of Information

Professor Ilut’s major fields of interest are macroeconomics, international finance, asset pricing, and economics of information. Specifically, he focuses on the role of expectations and how agents incorporate information. He is currently focusing on settings in which agents face model uncertainty. Based on decision theoretical foundations (ambiguity aversion), he studies the role of such uncertainties for understanding macroeconomic issues like business cycle fluctuations, asset pricing and optimal policy.

Curriculum Vitae  Bio

Recent Publications   (More Publications)

1. Ilut, C; Saijo, H, Learning, confidence, and business cycles (January, Submitted, 2021), pp. 354-376 [doi]  [abs]
2. Ilut, C; Valchev, R; Vincent, N, Paralyzed by Fear: Rigid and Discrete Pricing Under Demand Uncertainty (September, Submitted, 2020), pp. 1899-1938 [doi]  [abs]
3. Ilut, C; Kehrig, M; Schneider, M, Slow to hire, quick to fire: Employment dynamics with asymmetric responses to news, Journal of Political Economy, vol. 126 no. 5 (October, 2018), pp. 2011-2071, University of Chicago Press [doi]  [abs]
4. Bianchi, F; Ilut, CL; Schneider, M, Uncertainty Shocks, Asset Supply and Pricing Over the Business Cycle (April, Submitted, 2017)
5. Benczúr, P; Ilut, CL; Benczúr, P; Ilut, CL, Evidence for relational contracts in sovereign bank lendingEvidence for relational contracts in sovereign bank lending (April, Submitted, 2016), pp. 375-404 [doi]  [abs]

News Story: New Faculty Member Cosmin Ilut