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Professor Michael Magill specializes in the fields of economics and financial markets with significant contributions to monetary theory and the dynamics of incomplete markets. His research investigates the impact of demographic factors on stock market fluctuations and the role of monetary policy in guiding agents' expectations regarding inflation. His recent studies articulate how long-term economic conditions correlate with demographic changes, particularly focusing on the baby boomer generation's influence on market dynamics. He employs theoretical models to address indeterminacy in economic expectations and has proposed innovative approaches for monetary policy that considers a broader distribution of bond maturities. Magill has authored influential works, including 'Incomplete Markets,' examining the intersection of theory and practice in economic systems. He is a fellow of the Society for the Advancement of Economic Theory and the Econometric Society, contributing extensively to several editorial boards within the field. Over the course of his extensive academic career, Magill has held various visiting professorships at prestigious institutions globally and has actively engaged in professional memberships that underline his commitment to economic scholarship.
University of Southern California • Los Angeles, CA
Full Professorship in the Department of Economics focusing on theories of financial markets.
University of Southern California • Los Angeles, CA
Taught courses and conducted research as an Associate Professor in Economics.
Indiana University • Bloomington, IN
Engaged in teaching and research as an Associate Professor of Economics.
Indiana University • Bloomington, IN
Conducted research and taught undergraduate and graduate economics courses.
GRE is NOT required for Master's applicants for 2025-2026.