LOUIS J. MACCINI joined the Department of Economics at The Johns Hopkins University in 1969, chairing the department from 1992 to 2007. Beginning in 2000, he headed the effort to create the Center for Financial Economics; his vision was to create a place where teaching and research in finance would occur in an economics department in a college of Arts and Sciences rather than in a business school. Dr. Maccini’s recent research has explored such issues as the role of inventories in the business cycle, how monetary policy affects inventory investment, whether recent technological innovations such as computerization have enabled businesses to more effectively manage their inventory positions, and whether this phenomenon contributed to the decline in the volatility of GDP growth since the early 1980s. He was selected a fellow of the International Society for Inventory Research in 2004 and served as its president from 2010-12. The Louis J. Maccini Professorship is a fitting tribute to an academic leader whose vision has shaped the unique mission of the Center for Financial Economics.
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