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Caroline Betts

Associate Professor of Economics

Contact Information
Phone: (213) 740-2430
Office: KAP 316C
Office Hours: Monday, Tuesday : 11am-12pm Mon, 1pm-2pm Tuesday

Curriculum Vitae
Personal Website


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

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

Article submitted for publication in peer reviewed, "Trade, Reform, and Structural Transformation in South Korea" (joint with Rahul Giri and Rubina Verman), 2012-2013   
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   
NBER Working Paper, "Real Exchange Rate Movements and the Relative Price of Non-Traded Goods" NBER WP# 14437,October 2008 (a new version of this paper is being revised for submission), Fall 2008   

Service to the University

Administrative Appointments

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


Member, Diversity Liaison, Recruitment Committee, 2015-2016   
Member, Junior Recruitment Committee (Macroeconomics), 2015-2016   
Member, PhD Core Examination Committee, 2015-2016   
Member, Executive Committee, 2014-2015   
Member, Final Year Dissertation Fellowship Taskforce, 2014-2015   
Member, PhD Examination Committee, 2014-2015   

Service to the Profession


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