UNIVERSITY PARK, Pa., April 13 -- Pennsylvania State University issued the following news release:

UNIVERSITY PARK, Pa. - Masashi Takahashi is already familiar with the economists at the Federal Reserve Board.

"I cite a lot of papers written by them," said Takahashi, a Smeal College of Business doctoral candidate in business administration in the real estate area.

Takahashi will soon get to know those economists on a deeper level and receive direct feedback from them. He has been accepted into the Federal Reserve Board's Dissertation Fellows program and will spend 12 weeks this summer working with the board's Division of Monetary Affairs in Washington, D.C., which he said he hopes will help him with research for his dissertation. Takahas...