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Should Banker Pay be Regulated?
igmforum editor -
December 1st, 2009
By Steven N. Kaplan Pay structures weren’t the problem, argues Steven Kaplan, who suggests t... Read article>
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Started by faculty members from the Initiative on Global Markets at the University of Chicago Booth School of Business Global markets have generated confusion among policymakers and the public. The IGM promotes sound analysis of how these markets work, their effects, and the way they interact with policies and institutions. 
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By Ethan Harris, Bruce Kasman, Matthew Shapiro, and Kenneth West
This paper was prepared for the 2009 conference of the US Monetary Policy Forum (USMPF).
This report examines the role of oil in the macroeconomy with the aim of evaluating and guiding central bank responses to oil price movements.
By Anil K. Kashyap and Frederic S. Mishkin
Wall Street Journal, November 9, 2009
Anil Kashyap and Frederic Mishkin discuss the Federal Reserve’s independence and the impact of the Congressman Ron Paul’s bill (H. R. 1207). They also explore an amendment that would mitigate the negative consequences of Congressman Paul’s bill.
Myron Scholes Forum, October 28th, 2009
Chicago Booth Professor, John Cochrane, uses the money demand equation and valuation equation of government debt to understand fiscal and monetary policy in 2008-2009, to think about whether the US is headed for fiscal inflation and to think about what that inflation might look like.
For additonal information, please refer to Professor Cochrane’s webpage.
Note to Educators:
In an effort to help us learn more about our audience, we are interested in knowing how these videos are used either by you for teaching purposes or by students for assignments or in the classroom. Thus, we would like to hear from you (igm@chicagobooth.edu), please tell us how these videos are being used and what IGM page you found them on. Thank you.
By Steven N. Kaplan
Economist.com;Economist Debates
On the question of whether “senior executives are worth what they are paid,” Professor Steven N Kaplan of Chicago Booth and Nell Minow, Editor and Co-founder of The Corporate Library, argue opposing sides in a live debate on Economist.com, beginning October 20th.
By Christian Laux and Christian Leuz
Fair-value accounting (FVA), also known as “mark-to-market” accounting, has been blamed for contributing significantly to the financial crisis. But Christian Leuz, of Chicago Booth, and his coauthor, Christian Laux, have analyzed the role of FVA for U.S. banks and conclude that there is no evidence that fair-value accounting added to the severity of the financial crisis in a major way.
By Steven J. Davis
Forbes.com, October 14th, 2009
In “Getting Back to Work,” Professor Steven J. Davis offers four proposals to foster job creation and reverse the steep rise in unemployment. Unlike proposals circulating in Washington, Professor Davis’s proposals won’t break the budget or raise tax burdens.
Myron Scholes Forum, September 21, 2009
David Cutler, Otto Eckstein Professor of Applied Economics, Department of Economics and Kennedy School of Government at Harvard University, offers insight on the current issues in health care and health care reform.
Note to Educators:
In an effort to help us learn more about our audience, we are interested in knowing how these videos are used either by you for teaching purposes or by students for assignments or in the classroom. Thus, we would like to hear from you (igm@chicagobooth.edu), please tell us how these videos are being used and what IGM page you found them on. Thank you.
By Anil Kashyap
September 25th, 2009
Thoughts from Anil Kashyap on priorities for financial system regulatory reform. “Where do we go from here” are his remarks at the Federal Reserve Bank of Chicago’s 12th International Banking Conference September 25, 2009.
Testimony of John Cochrane in “Experts‘ Perspectives on Systemic Risk and Resolution Issues“ before the House Financial Services Committee, United States House of Representatives - September 24, 2009
