Global Economic Challenges: What Can Monetary Policy Do?

Raghuram Rajan November 9th, 2016

Myron Scholes Forum, October 26, 2016

Raghuram Rajan, Distinguished Service Professor of Finance at Chicago Booth and former Governor of the Reserve Bank of India

Professor Rajan describes some of the opportunities and challenges facing the Global economy and

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The U.K. Can’t Block Immigration If It Wants To Keep Its Finance Industry

July 5th, 2016

The Brexit vote will force the next U.K. prime minister to make a significant choice: Whether to control immigration into the country, or preserve the pre-eminence of the country’s financial center, known as the City of London. Doing both appears

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The Brexit May Be Just The Beginning of Anti-Europe Votes

June 24th, 2016

One of the biggest consequences of the British vote to leave Europe is that other countries will consider doing the same. Populism and nationalism are on the rise all over the globe. Now that U.K. voters have been given a

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Instability in a Monetary Economy

Lord Adair Turner May 12th, 2016

Myron Scholes Forum, May 9, 2016

Lord Adair Turner, Chairman of the Institute for New Economic Thinking

Why has the financial crisis of 2008 cast such a long shadow, with global economic recovery so slow and weak? Why is

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The Global Decline in the Labor Share

Brent Neiman April 28th, 2016

Myron Scholes Forum, April 20, 2016

Brent Neiman, Associate Professor of Economics, University of Chicago Booth School of Business

The share of total income paid as compensation to labor – the labor share – has been declining all around

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Growth Prospects for the US Economy

February 19th, 2016

Myron Scholes Forum, February 18, 2016

Lawrence H. Summers, Charles W. Eliot University Professor at Harvard University and former US Treasury Secretary and Kevin Murphy, George J. Stigler Distinguished Service Professor in Economics at the University of Chicago

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Which Famous Economist, 2015 Edition

December 15th, 2015

Would you like to answer the questions posed to the IGM Economic Experts Panel to see which expert is most similar to you?  Chris Said, a data scientist at Twitter, created a website that will do this. You can enter

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The $13 Trillion Question: Managing the U.S. Government’s Debt

November 13th, 2015

There is a lot of attention paid to the size of the federal debt, which amounts to more than $13 trillion. There is very little attention paid to how the U.S. Treasury borrows all that money – how much short-term,

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Misbehaving: The Making of Behavioral Economics

Richard Thaler October 19th, 2015

Myron Scholes Forum, October 13, 2015

Richard Thaler, Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at Chicago Booth, has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone

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Greece’s Crisis Debt

October 7th, 2015

Myron Scholes Forum, September 29, 2015

Professors Anil Kashyap, Stavros Panageas, and Luigi Zingales discussed alternative views on the nature of Greece’s debt crisis, the approach that its creditors and EU neighbors have taken, and the likely implications of the

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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: Global Economic Challenges: What Can Monetary Policy Do?

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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