The Economic Take-off of Latin America

Sebastian Edwards November 23rd, 2010

Myron Scholes Forum, November 17, 2010

In Left Behind, Sebastian Edwards explains why the nations of Latin America have failed to share in the fruits of globalization and forcefully highlights the dangers of the recent turn to economic populism

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The End of Wall Street

Roger Lowenstein November 9th, 2010

Myron Scholes Forum, October 12, 2010

Roger Lowenstein talked about his experiences in researching and writing The End of Wall Street (about the 2008 collapse), and offered his perspective on the causes and enduring legacy of the crash, including the

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What Can Economics Tell Us About Development?

Robin Burgess November 9th, 2010

Myron Scholes Forum, September 27, 2010

How the economic lives of citizens living in the world’s poorest countries can be improved is one of the big questions facing humanity today. Burgess talked about how economics can be used to study

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A Big Stick for the Fed

October 22nd, 2010

The Fed’s September 21 FOMC statement makes great tea-leaf reading.  The Fed is worried about deflation. Reading between the lines, the Fed might be powerless to stop it.  We’re not there yet, but it could happen.  Eventually inflation – stagflation

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Nobel Prize in Economics, 2010: The Diamond-Mortensen-Pissarides contribution to Economics

Robert Shimer October 20th, 2010

Might there be a role for government policies—other than monetary policy—to systematically affect the unemployment rate?  Robert Shimer, our colleague in the University of Chicago’s economics department, says that the research of this year’s Nobel Laureates in economics filled an

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Reviewing Krugman

September 16th, 2010

September 16, 2010

Paul Krugman and Robin Wells caricature my recent book Fault Lines article in the New York Review of Books. The article, and their criticism, however, do have a lot to say about Krugman’s policy views (for simplicity,

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Stop and Start Consumption: the Cash for Clunkers Fiscal Stimulus

Atif Mian and Amir Sufi September 3rd, 2010

Proponents of fiscal stimulus argue that targeted subsidies can spur consumers to shift purchases from well into the future to today, and thereby help jumpstart the economy. Opponents contend that while subsidies may induce purchases today, the effect is almost

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Bankers Have Been Sold Short By Market Distortions

June 3rd, 2010

FT.com; June 2, 2010

Bankers must be heaving a sigh of relief as the shenanigans of the offshore drilling industry have pushed them to the edge of the radar screen of those targeting corporate greed. But it is unlikely

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Eugene Fama on Squawk Box

Eugene Fama May 28th, 2010

Squawk Box; May 28th, 2010

Univeristy of Chicago finance professor Eugene Fama, widely known as the “father of modern finance,” discusses whether the government is the biggest risk to economic recovery

Watch interview>

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Resolving Systemically Important, International Financial Institutions

May 3rd, 2010

Christian Leuz and other members of the Shadow Financial Regulatory Committee

The recent G20 meetings demonstrated the substantial divide between policymakers over the right approach toward the “too-big-to-fail” problem for large, global financial institutions. Some policymakers accept that some financial

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Financial Trust Index

a measure of confidence Americans have in the private institutions in which they can invest

Visit the Financial Trust Index Site

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Scholes Forum: Dazed and Confused: Making Sense of Western Politics (And Consumers)

A VIDEO OF THE IGM’S MOST RECENT SCHOLES FORUM TALK CAN BE VIEWED HERE.

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US Monetary Policy Forum

The US Monetary Policy Forum (USMPF) brings academics, market economists, and policy makers together to discuss US monetary policy for an annual conference, sponsored by the IGM. A standing group of academic and private sector economists produces a report on a critical medium-term issue confronting the Federal Open Market Committee.

2016 USMPF REPORT
LANGUAGE AFTER LIFTOFF: FED COMMUNICATION AWAY FROM THE ZERO LOWER BOUND

2015 USMPF REPORT
THE EQUILIBRIUM REAL FUNDS RATE: PAST, PRESENT, AND FUTURE

2014 USMPF REPORT
MARKET TANTRUMS AND MONETARY POLICY

2013 USMPF REPORT
CRUNCH TIME: FISCAL CRISES AND THE ROLE OF MONETARY POLICY
EXECUTIVE SUMMARY

2012 USMPF REPORT
HOUSING, MONETARY POLICY, AND THE RECOVERY

2011 USMPF REPORT
STRESSED OUT: MACROPRUDENTIAL PRINCIPLES FOR STRESS TESTING

2010 USMPF REPORT
FINANCIAL CONDITIONS INDEXES: A NEW LOOK AFTER THE FINANCIAL CRISIS

2009 USMPF REPORT
OIL AND THE MACROECONOMY: LESSONS FOR MONETARY POLICY

2008 USMPF REPORT
LEVERAGED LOSSES: LESSONS FROM THE MORTGAGE MARKET MELTDOWN

2007 USMPF REPORT
UNDERSTANDING THE EVOLVING INFLATION PROCESS

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China Economic Summer Institute

The China Economic Summer Institute enables the best Chinese scholars to stay in active contact with top-notch researchers from the rest of the world, and provides a forum to encourage promising young Chinese researchers to work on topics that are important for understanding the Chinese economy. To learn more see the CESI WEBSITE.

SELECTED PAPERS FROM THE 2012 CHINA ECONOMIC SUMMER INSTITUTE:

PUBLIC SCHOOL RESOURCES AND PRIVATE SUBSTITUTES IN URBAN CHINA
by Cheng Yuan and Lei Zhang

A MODEL OF CHINA’S STATE CAPITALISM
by Xi Li, Xuewen Liu, and Yong Wang

A UNIFIED MODEL OF STRUCTURAL ADJUSTMENTS AND INTERNATIONAL TRADE: THEORY AND EVIDENCE FROM CHINA
by Hanwei Huang, Jiandong Ju, and Vivian Z. Yue

*The IGM cosponsors the CESI with Tsinghua University; UC Berkeley’s Program on Institutions and Governance; and the Katholieke Universiteit Leaven’s LICOS Center.

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Research on International Accounting, Enforcement, and Global Convergence

Capital-Market Effects of Securities Regulation: The Role of Implementation and Enforcement
by Hans Christensen, Luzi Hail, and Christian Leuz

Christian Leuz proposes creating a “Global Player Segment” in which firms would use the same reporting rules (ie, IFRS), face the same enforcement mechanisms, and have similar incentives for transparent reporting

Read Leuz’s GPS proposal>
See related research paper>

Global Accounting Convergence and the Potential Adoption of IFRS by the United States
by Luzi Hail, Christian Leuz, and Peter Wysocki

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IGM Working Papers

PAPERS FROM THE IGM WORKING PAPER SERIES ARE AVAILABLE FOR DOWNLOAD HERE.

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