Angela Vossmeyer, the Rothacker Family Associate Professor of Economics and George R. Roberts Fellow, published “Likelihood specification in simultaneous equation models for discrete data” with co-author Ivan Jeliazkov in the Journal of Econometrics. In the publication, Vossmeyer and Jeliakov derive the likelihood function of simultaneous equation models for discrete data as the invariant distribution of a suitably specified Markov process. Along with CMC student co-author Oncel Aldanmaz ’26, Vossmeyer also published “Bank stocks and Roosevelt’s bank holiday,” in Economics Letters, examining how markets reacted differently across regions and asset classes when President Franklin Roosevelt prohibited commercial and Federal Reserve banks from doing business on March 6, 1933.