Areas of Expertise

International Economy, Corporate Social Strategy, Luxury Market

Academic Degrees

• PhD, West Virginia University, 2003

Professional Experience

• Indiana University, Kelley School of Business, Clinical Associate Professor, 2006-Present
• Rose-Hulman Institute of Technology, Assistant Professor of Economics, 2003-2006
• University of Bonn-Germany, Visiting Researcher, 2004
• West Virginia University, Graduate Student Instructor, 1999-2003

Awards, Honors & Certificates

• Kelley School of Business, Elvin S. Eyster Teaching Scholar Award, 2020
• IU Trustees Teaching Award, Kelley School of Business, 2012, 2016
• Kelley School of Business, Innovative Teaching Award, 2016
• Kelley Direct, Outstanding Faculty Teaching Award, 2008

Selected Publications

• Kreft, S. F., and Mafi-Kreft, E. (2022). Greenwashing: From Hollow Eco-Claim to Eventual Eco-Action. Pathways to Research: Sustainability, EBSCO, July 1. View Full Text
• Kreft, S. F., and Mafi-Kreft, E. (2022). 'Great resignation' appears to be hastening the exodus of US and other Western companies from Russia. The Conversation, April 27 (IU Research Podcast). View Full Text
• Bonser-Neal, C., and Mafi-Kreft, E. (2019). International outlook for 2020: No room for mistakes. Indiana Business Review, 94(4). View Full Text
• Mafi-Kreft, E., and Sobel, R. S. (2006). Does a Less Active Central Bank Lead to Greater Economic Stability? Evidence from the European Monetary Union. The Cato Journal, 26(1), 49-70.

  Abstract

  Abstract

  Substantial disagreement exists among economists about the degree to which central banks should pursue discretionary stabilization policy. Activists believe that central banks can promote greater macroeconomic stability through the use of discretionary policy, while nonactivists (such as the monetarists) do not. In particular, monetarists believe that lags and timing problems will result in even the best-intentioned discretionary policy actually resulting in less (rather than more) macroeconomic stability. The formation of the European Monetary Union provides a unique opportunity to test whether a shift to a less active central bank has resulted in more or less macroeconomic stability for these countries.

• Mafi-Kreft, E., and Kreft, S. F. (2006). Importing Credible Monetary Policy: A Way for Transition Economies to Fight Inflation? Economics Letters, 92(1), 1-6.

  Abstract

  Abstract

  In the 1990s, transition economies were rearranging their monetary regimes. This paper compares the chosen regimes based on the level of discretionary power and the ability to control inflation. Results show that non-discretionary regimes produce lower and more stable inflation.

Edited on June 26, 2025