Media Releases
Published Date: 04 April 2016

Distinguished economist Steven Joseph Davis appointed MAS Term Professor at NUS Business School

MAS                                National University of Singapore

Singapore, 4 April 2016…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Steven Joseph Davis, William H. Abbott Professor of International Business and Economics at the University of Chicago Booth School of Business, as the MAS Term Professor in Economics and Finance from 4 April to 3 May 2016. Professor Davis will be hosted by NUS Business School during the term of the Professorship.

As MAS Term Professor, Professor Davis will deliver a public lecture at NUS Business School on 7 April 2016 entitled "Measuring Economic Policy Uncertainty”. In his talk, he will present his research findings on how policy uncertainty affects investment, output and employment in industry sectors as well as economies.

He will also meet with faculty members, advise students on their research, and share his latest work at seminars and workshops. At the MAS, he will engage senior policymakers, economists and analysts, on a range of macroeconomic and related issues. 

Professor Davis is a distinguished applied economist whose research spans many areas, including employment and wage determination, worker mobility, job loss, labour market institutions, industrial organisation, economic fluctuations and public policy. His research has appeared in leading scholarly journals such as the American Economic Review, Journal of Political Economy and Quarterly Journal of Economics.

He is currently Research Associate at the National Bureau of Economic Research (NBER), Visiting Fellow at the Hoover Institution, and Senior Academic Fellow with the Asian Bureau of Finance and Economics Research (ABFER). Professor Davis has previously consulted for the U.S. Congressional Budget Office and the Federal Reserve Banks of Atlanta and Chicago. He was also a Distinguished Visitor at NUS Business School in September 2009.

On behalf of the University of Chicago Booth School of Business, Professor Davis co-organises the Asian Monetary Policy Forum, held annually in Singapore, in collaboration with ABFER, NUS Business School and MAS. This year’s Asian Monetary Policy Forum will be held on 27 May at The Shangri-La Hotel, Singapore, and it aims to bring together an exclusive group of high-level central bankers, academics and private sector analysts to share perspectives on pressing monetary policy issues in Asia.

“We are pleased to welcome Professor Steven Davis back to NUS Business School and hope to learn more about his work on using indices to measure economic uncertainty. The NUS community will benefit tremendously from the sharing of knowledge and exchange of ideas with this internationally renowned economist,” said Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor at NUS Business School.

Mr Edward Robinson, Assistant Managing Director (Economic Policy) and Chief Economist at MAS, said: “Professor Davis is a highly regarded economist and a prolific researcher. His recent work on labour market fluidity and economic uncertainty, for example, has pushed the frontiers of applied macroeconomic research. Indeed, his work will be particularly useful in helping us understand developments in the US labour market and their application to Singapore’s job landscape, which is also undergoing transition. He is also a valued partner in Singapore’s economic and financial research initiatives, playing a leading role in the Asian Monetary Policy Forum. It is a great opportunity and privilege for us to engage such a distinguished expert as the MAS Term Professor and we look forward to learning from him at the MAS.”

First established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at both the NUS Business School and the Department of Economics at the NUS Faculty of Arts and Social Sciences. It aims to strengthen Singapore’s financial and economics research infrastructure and contribute to a vibrant research community and culture at local universities.

The MAS Term Professorship in Economics and Finance has been awarded to twelve distinguished scholars over the last seven years.

About National University of Singapore (NUS)

A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education and research, with a focus on Asian perspectives and expertise.
NUS has 17 faculties and schools across three campuses. Its transformative education includes a broad-based curriculum underscored by multi-disciplinary courses and cross-faculty enrichment. Over 38,000 students from 100 countries enrich the community with their diverse social and cultural perspectives.
NUS has three Research Centres of Excellence (RCE) and 26 university-level research institutes and centres. It is also a partner in Singapore’s fifth RCE. NUS shares a close affiliation with 16 national-level research institutes and centres. Research activities are strategic and robust, and NUS is well-known for its research strengths in engineering, life sciences and biomedicine, social sciences and natural sciences. It also strives to create a supportive and innovative environment to promote creative enterprise within its community.  

For more information on NUS, please visit .

About NUS Business School

The National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.

The school has consistently received top rankings in the Asia-Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit, and QS Top MBA, in recognition of the quality of its programmes, faculty research and graduates. In the Financial Times Global Rankings, the NUS MBA was ranked 32nd in 2016, while the NUS-UCLA Executive MBA and Asia-Pacific Executive MBA were ranked 5th and 25th respectively in 2015.

In the biannual Forbes rankings for two-year MBA programmes, NUS Business School was ranked 7th among business schools outside the United States in 2015. Quacquarelli Symonds (QS) has also ranked the school 12th in the world for accounting and finance.

The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards for business education. The school is also a member of the GMAC Council, Executive MBA Council, Partnership in Management (PIM) and CEMS (Community of European Management Schools).

For more information, please visit, or go to the Think Business portal, which showcases the School’s research.

About Monetary Authority of Singapore

As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore -- banks, insurers, capital market intermediaries, financial advisors, and the stock exchange. Being an integrated supervisor allows the MAS to adopt a consistent and progressive regulatory and supervisory approach and framework, thereby ensuring a level playing field across all market segments, sectors and activities. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre.

For more information, please visit