Irina B. Panovska
Irina Panovska

I am an associate professor of economics at the School of Economic, Political, and Policy Sciences at the University of Texas at Dallas

My primary research fields are macroeconomics and econometrics, and my research focuses on nonlinear models of the business cycle. In particular, I am interested in how nonlinearities in demand shocks transmit to the macroeconomy and to labor markets, and in developing time series models that disentangle permanent from cyclical movements in macroeconomic variables.

My research statement can be found here (PDF).

I received my PhD in economics from Washington University in St. Louis in 2013. I received my MA in economics from Washington University in St. Louis in 2009, and my BA in economics and BS in mathematics from Ohio University in 2007. I have also held visiting scholar positions at the University of New South Wales in Sydney, Australia, and the EFZG in Zagreb, Croatia.

I am the treasurer and an elected member of the executive committee of the Society for Nonlinear Dynamics and Econometrics.

In Fall 2021, I am teaching Econ 4396 (Contemporary Economic Policy Advanced Undergraduate), and Econ 6302 (Macroeconomics 1, PhD). In the spring semester I teach forecasting for business and economics (Undergraduate and MS) and intermediate macroeconomics.

A summary of my teaching evaluations can be found here (PDF).

I have previously taught Time Series Analysis (at the undergraduate and graduate level), Business, Government, and Macroeconomic Policy (advanced macroeconomics, undergraduate/ MS graduate, writing-intensive), Money and Banking (undergraduate core business class), and the Federal Reserve Challenge (undergraduate experiential learning class on monetary policy).

Publications

Working Papers

  • Decomposing the Output Gap with Inflation Learning
    with Srikanth Ramamurthy
    Revise and Resubmit, Journal of Economic Dynamics and Control
  • Jobless Recoveries and Time Variation in Labor Markets
    with Licheng Zhang
    Draft Available on Request
  • Business Cycle Synchronization and Asymmetry in the Eurozone
    with Vladimir Arcabic and Josip Tica
    Draft Available on Request
* Denotes A Current or Former Student

Work In Progress

  • Weak Identification, the Pile-up Problem, and Finite-Sample Inference for ARMA Models
    with James Morley and Charles R. Nelson
    Currently Updating the Draft; the Previous Draft is Available on Request

Upcoming and Recent Presentations and Media Coverage

Upcoming Presentations

  • I will be giving a seminar at the University of Arkansas (virtual visit) on November 12th 2021.
  • I will present “Recession-Specific Shapes: Ls, Us, and Everything in Between” at the Southern Economic Association Conference in November.
  • I will present "Recession-Specific Shapes: Ls, Us and Everything in Between" at the CFE Conference in December 2021

Recent Presentations

  • Gave a seminar at the University of Houston on September 27th, 2021.
  • Visited the University of Zagreb (virtually) as a visiting scholar in June 2021
  • Presented "Decomposing the Output Gap with Inflation Learning" (previously "Learning Based Inflation Expectations in an Unobserved Components Model") at the CEF meeting on June 16th
  • My coauthor, Luiggi Donayre, presented our paper "Recession-specific Shapes: Ls, Us, and Everything in Between" at the IAES European Virtual Conference in May and at the WEAI Virtual Conference in June
  • My coauthors presented "Business Cycle Synchronization and Asymmetry in the Eurozone" at the IAAE conference.
  • Presented "Learning Based Inflation Expectations in an Unobserved Components Models" at the Western Economic Association Virtual Conference in March 2021
  • Presented "Learning Based Inflation Expectations in an Unobserved Components Models" at the University of North Texas in November 2020
  • Presented "Learning-Based Inflation Expectations in an Unobserved Components Model" at the the MERG virtual meeting on August 5th, 2020
  • Presented "Learning Based Inflation Expectations in an Unobserved Components Model" at the annual symposium of the Society for Nonlinear Dynamics and Econometrics in September 2020. My coauthor Josip Tica presented our joint work "Business Cycle Synchronization and Asymmetry in the European Union"
  • Presented "Learning Based Inflation Expectations in an Unobserved Components Model" at the Southern Economic Association Meeting in November 2019
  • Presented "A Look at Jobless Recoveries in G7 Countries" at Clark University on October 28th 2019
  • Presented "A Look at Jobless Recoveries in G7 Countries" at the Midwest Econometrics Group meeting (October 11-12), where also served as one of the mentors at the Mentoring Workshop for Junior Female Economists
  • Presented "A Look at Jobless Recoveries in G7 Countries" at the 27th Annual Symposium of the Society for Nonlinear Dynamics and Econometrics at the Federal Reserve Bank of Dallas in Dallas, Texas March 28th 2019
  • Presented "When is Discretionary Fiscal Policy Effective" in an organized session on the macroeconomic effects of fiscal policy at the Eastern Economic Association Conference in New York, New York
  • Presented "When is Discretionary Fiscal Policy Effective at the Southern Economic Association Conference in Washington DC (November 17th-20th, 2018). My coauthors Erkmen Giray Aslim and Ahmed Elroukh presented our joint work
  • Presented "When is Discretionary Fiscal Policy Effective?" at the Midwest Econometrics Group Meeting October 27th in Madison, Wisconsin
  • Presented "Is Business Cycle Nonlinearity Intrinsic in Industrialized Economies?" at the 5th Conference of the International Association for Applied Econometrics (IAAE 2018) June 26th-29th in Montreal, Canada
  • Visited the University of Zagreb June 14th-21st, 2018 where I taught a workshop on Empirical Tools in Macroeconomics June 18th-21st

Media Coverage

  • My work on jobless recoveries in G7 countries was featured in the UTD Magazine.
  • I discussed my work on jobless recoveries and low growth in wages in an interview for ILUminate.
  • My work with Chad Meyerhoefer and Richard Manski was featured in The Hill.