The China-Hong Kong Nexus Again: Another Look at the Twelfth Five-Year Plan

Yue Chim Richard Wong October 24th, 2011

Myron Scholes Forum, October 24, 2011

After 30 years of hyper growth, China’s 12th Five-Year Plan (2011-2015) outlined new economic targets for growth and reform to face slower global economic growth and structural imbalances within its own economy. It calls

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Global Imbalances: Current Accounts and Financial Flows

Stephen Cecchetti September 28th, 2011

Myron Scholes Forum, September 27, 2011

It is difficult to find anyone who would protest the increase in international trade. The benefits we all reap from this are so easy to see that virtually no one seriously suggests reversing the

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Luigi Zingales Speaks on Bloomberg’s “Surveillance Midday”

August 15th, 2011

Luigi Zingales, speaking with Tom Keene of Bloomberg Television’s “Surveillance Midday” on August 12th, 2011, discussed the U.S. and European sovereign debt, financial market volatility, and the U.S. housing market.

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The Future of Economic Governance in the Euro Area: Quo Vadis?

Axel Weber June 2nd, 2011

Myron Scholes Forum, May 25, 2011

Axel Weber, Visiting Professor of Economics at Chicago Booth, discussed the future of economic governance in the Euro Area.

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The Hidden Influences Behind How Sports are Played and Games are Won

Tobias Moskowitz February 18th, 2011

Myron Scholes Forum, February 16, 2011

At Chicago Booth, we know that just because people say something or believe it doesn’t make it so. We look at both theory and data to gain insight that either confirms or challenges existing

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Faculty Panel on Budget Options for the U.S.

January 11th, 2011

Myron Scholes Forum, January 10, 2011

Professors Steven DavisJohn Huizinga, and Harald Uhlig discussed the choices the United States faces in trying to fix our long-term federal budget problems. The faculty explored the tradeoffs of adjusting taxes

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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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5 Facts about Climate Policy: Cause for a Shift in Policy?

Michael Greenstone March 12th, 2010

Myron Scholes Forum, March 4th, 2010

Professor Michael Greenstone of MIT discusses the various and numerous challenges that face the global economy in light of the Copenhagen Climate Conference of 2009.

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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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