Caroline Betts

Associate Professor of Economics

Contact Information
E-mail: cbetts@usc.edu
Phone: (213) 740-2430
Office: KAP 316C
Office Hours: Monday, Tuesday : 11am-12pm Mon, 1pm-2pm Tuesday

Curriculum Vitae
Personal Website


  • B.A. Economics, University of Durham, 7/1987
  • M.A. Economics, Queens University, 1990
  • Ph.D. Economics, University of British Columbia, 1994

  • Academic Appointment, Affiliation, and Employment History

    Tenure Track Appointments
    • Associate Professor, University of Southern California, 09/01/2000-  
    • Assistant Professor, University of Southern California, 09/01/1994-08/31/2000  
    Non-Tenure Track Appointments
    • Acting Assistant Professor, Cornell University, 1993-1994   
    Visiting and Temporary Appointments
    • Visiting Associate Professor, Claremont McKenna College, Spring 2009   
    • Visiting Scholar, Financial Economics Institute, Claremont McKenna College, Spring 2008   
    • Visitor, Research Dept, Federal Reserve Bank of Minneapolis, Spring 2008   

    Description of Research

    Summary Statement of Research Interests
    Professor Betts researches macroeconomics and international macroeconomics.
    Research Keywords
    international macroeconomics, macroeconomics
    Research Specialties
    International prices and exchange rates, market segmentation, the impacts of trade liberalization, structural change in the open economy.

    Funded Research

    USC Funding
    • Faculty Development Award. Real Exchange Rate Fluctuations and the Relative Price of Non-Traded Goods: An extensive empirical study of the statistical relation between quarterly bilateral real exchange rate and the relative price of non-traded to traded goods for 1225 country pairs over 1980–2010. , $2,500, 2015-2016   
    • ASHSS. Globalization, De-Industrialization, and the Awakening Giant: Economic Stagnation in Japan and the Emergence of China: What has been the role of international trade in the de-industrialization of mature economies, such as Japan, and the industrialization of newly developing economies, such as China? , $12,000, 2008-2009   

    Conferences and Other Presentations

    Conference Presentations
    • ""Real Exchange Rates"", Summer Meeting, Econometric Society, Lecture/Seminar, Minneapolis, MN, Econometric Society, Invited, 2006-2007   
    • "Real Exchange Rates", Latin American Econometric Society Meetings, Talk/Oral Presentation, Mexico City, LAEC, Invited, 2006-2007   

    Other Presentations
    • ""Real Exchange Rate Fluctuations and the Relative Price of Non-Traded Goods"", Seminar, ITAM - CIE, Mexico City, Fall 2010   
    • ""Real Exchange Rate Fluctuations and the Relative Price of Non-Traded Goods"", Seminar, Claremont McKenna College, Spring 2008   

    Other Research

    • Visiting Scholar, Federal Reserve Bank of Minneapolis, 10/2014  


    Journal Article
    • Betts, C. M., Kehoe, T. J. (2006). "US Real Exchange Rate Fluctuations and Relative Price Fluctuations. Journal of Monetary Economics. Vol. 53 (7), pp. p.1257-1326.

    Multimedia Scholarship and Creative Works

    • Short Article, "Q&A" session with economists at USC published in USC College Magazine, Spring/Summer 2009 on the current state of the economy. , 2008-2009   

    Service to the University

    Administrative Appointments
    • Coordinator Econ 203 and Econ 205, 2007-2008   
    • Director of Graduate Studies, 2001-2007  

    • Member, Junior Recruitment Committee (Macroeconomics), 2015-2016   
    • Member, PhD Core Examination Committee, 2015-2016   
    • Member, Diversity Liaison, Recruitment Committee, 2015-2016   
    • Member, Provost's Strategic Planning Committee, 2015-2016   
    • Member, USC Endowed Graduate Fellowship Review Panel, Spring 2016   

    Service to the Profession

    • Member, Program Committee, North American Econometric Society Meetings (winter), 2006-2007