Skip to content

Wilbur O. and Ann Powers College of Business

Profile Information

Michal Jerzmanowski

Michal M Jerzmanowski

Associate Professor

Office: 318L Wilbur O. and Ann Powers Hall
Personal Website:


 Educational Background

    Ph.D. Economics
    Brown Univeristy 2003

    M.A. Economics
    Warsaw Univeristy 1998

Courses Taught

  • Intermediate Macroeconomics
  • International Macroeconomics
  • Creative Inquiry
  • International Finance (Ph.D.)
  • Economic Development (Ph.D.)


I am an applied macroeconomist with interest in economic growth, financial development, and income inequality. Some of my past research focused on understanding cross-country productivity differences, evaluating the potential benefits of stock market bubbles, and investigating the link between financial development and wage inequality. My current research deals with non-factor-neutral technology differences across countries, skill and capital bias of technological change and consumption spending under credit constraints. For a non-technical description of one of my recent papers see

Research Interests

  • Macroeconomics, Economic Growth, Financial Development, Income Inequality

Research Publications

  • "Medium Term Growth" (with David Cuberes), in Frontiers of Economics and Globalization, ed. O. LaGrandville, 2011.
  • "Financial Development and Wage Inequality: Theory and Evidence" (with Malhar Nabar), ECONOMIC INQUIRY, 2011.
  • "Democracy, Diversification, and Growth Reversals", (with David Cuberes), May 2009, ECONOMIC JOURNAL, Vol 119, Issue 540, p. 1270-1302.
  • "The Welfare Consequences of Irrational Exuberance: Stock Market Booms, Research Investment, and Productivity" (with Malhar Nabar), JOURNAL OF MACROECONOMICS, 2008, vol. 30, issue 1, p. 111-133.
Faculty Profile
Wilbur O. and Ann Powers College of Business
Wilbur O. and Ann Powers College of Business | 343 Chandler L. Burns Hall, Clemson, S.C. 29634