Mindwise, How We Understand What Others Think, Believe, Feel, and Want

Nicholas Epley March 13th, 2014

Myron Scholes Forum, March 5, 2014

Nicholas Epley, John Templeton Keller Professor of Behavior Science, Chicago Booth

How good are you at knowing the minds of others? How well can you guess what others think of you, know who

Go to Item ›

A Test Europe’s Banks Mustn’t Fail

February 18th, 2014

In today’s New York Times International edition, Francesco Giavazzi and Anil Kashyap give guidance for how the European Central Bank needs to organize its upcoming bank stress tests if they are to succeed.

“Europe is lurching toward an overhaul of

Go to Item ›

A Musical Tribute to Ben Bernanke

January 3rd, 2014

Our musical tribute to Ben Bernanke, shared with him at the American Economic Association (AEA) Annual Meeting today, January 3rd, 2014.

View video

Kashyap’s comments

Go to Item ›

If Economists Wrote Christmas Cards

December 19th, 2013

The University of Chicago asks a group of academics about gift-giving and the holidays. Their responses will melt your heart.

Cash is the most efficient gift, according to economists. Cash is also a terrible gift, according to economists. By guaranteeing

Go to Item ›

Managing Complexity and its Implications for Financial Reform

Hugo Bänziger December 10th, 2013

Myron Scholes Forum, December 5, 2013

Hugo Bänziger, Adjunct Professor of Finance, Chicago Booth and former Chief Risk Officer and member of the management board, Deutsche Bank

Hugo Bänziger, Adjunct Professor of Finance, has both corporate and academic experience.

Go to Item ›

10 New Economic Experts join the IGM Panel

November 7th, 2013

For the past two years, our expert panelists have been informing the public about the extent to which economists agree or disagree on important public policy issues. This week, we are delighted to announce that we are expanding the IGM

Go to Item ›

Patents and the Direction of R&D: are there ‘missing’ cancer drugs?

Eric Budish November 5th, 2013

Myron Scholes Forum, October 30, 2013

Eric Budish, Associate Professor of Economics, Chicago Booth

Professor Eric Budish discussed his work on patents and cancer R&D. In his research with co-authors Heidi Williams and Ben Roin, he argues that the

Go to Item ›

Understanding Gene Fama’s Nobel

October 14th, 2013

The IGM congratulates Eugene Fama, Lars Peter Hansen and Robert Shiller, who have been awarded the Nobel prize in economics. John Cochrane explains Gene Fama’s contributions to the understanding of asset prices here.

As an example of how much

Go to Item ›

Banking reform in Britain and Europe

John Vickers October 3rd, 2013

Myron Scholes Forum, October 2, 2013

John Vickers, Warden of All Souls College, Oxford University

John Vickers examined banking reform initiatives five years on from the crisis, with a focus on Britain and the rest of Europe. How far

Go to Item ›

Airline Mergers

August 28th, 2013

This week’s IGM Economic Experts Panel statement:

If regulators had not approved mergers in the past decade between major networked airlines, travelers would be better off today.

Go to Item ›

Financial Trust Index

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

Visit the Financial Trust Index Site

Share

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.

Share

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

Share

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.

Share

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

Share

IGM Working Papers

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

Share
chicago booth