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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A Comprehensive Summary of the Greek Crisis

June 29th, 2015

Anil Kashyap offers his summary of how the Greek crisis started and has evolved.

Read summary

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Improving Opportunities for Economic Mobility: New Evidence and Policy Lessons

Raj Chetty May 21st, 2015

Myron Scholes Forum, May 19, 2015

Raj Chetty, Professor in the Economics Department at Harvard University, Co-Director of the Public Economics group at the National Bureau of Economic Research, and Editor of the Journal of Public Economics

Is America

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China’s Economic Reform: Implications from China and for the World

David Dollar May 1st, 2015

Myron Scholes Forum, April 30, 2015

David Dollar, Senior Fellow; Foreign Policy; Global Economy and Development, John L. Thornton China Center; Brookings Institution

China’s leaders have set progressively lower growth targets as they grapple with the need to restructure

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Survey: Which Famous Economist Are You Most Similar To

February 24th, 2015

Last year Chris Said, who is now a data scientist at Twitter, created a tool for summarizing the answers from the experts panel so that anyone could see which expert they would be most similar to. Chris has updated his

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Media Bias, Echo Chambers, and the Future of Democracy

Matthew Gentzkow December 9th, 2014

Myron Scholes Forum, December 4, 2014

Matthew Gentzkow, Richard O. Ryan Professor of Economics and Neubauer Family Faculty Fellow at the University of Chicago Booth School of Business

New technologies have transformed the media landscape, and with it the

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Strengthening the Financial System: The Macroprudential Toolkit

Richard Berner October 28th, 2014

Myron Scholes Forum, October 23, 2014

Richard Berner, director of the Office of Financial Research (OFR) at the U.S. Department of the Treasury

The financial crisis has given rise to a widespread appreciation for a different approach to policymaking.

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The Only Game in Town? A New Consitution for Monetary (and Credit) Policy

Paul Tucker May 23rd, 2014

Myron Scholes Forum, May 22, 2014

Paul Tucker, senior fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School and former Deputy Governor of the Bank of England for Financial Stability

Central banks have accumulated more

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House of Debt

Amir Sufi April 24th, 2014

Myron Scholes Forum, April 21, 2014

Amir Sufi, Chicago Board of Trade Professor of Finance, Chicago Booth

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were

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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: Brexit: What it Means for Europe and the World

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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