Faculty Panel on Ethics

Faculty Panel January 13th, 2010

Myron Scholes Forum, January 11, 2010

Professors Steven Kaplan, Tobias Moskowitz, and Luigi Zingales discuss the ethics and the role of ethics on Wall Street, in the past, the present, and going into the future.

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Should Executive Pay Be Regulated?

December 30th, 2009

Myron Scholes Forum, December 3, 2009

Professor Steven N. Kaplan discusses (1) whether CEO pay is out of control; (2) the role of pay at banks and financial firms in regard to the financial crisis; and (3) whether proposed new

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Inflation or Deflation?

November 3rd, 2009

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

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An Unrealized Opportunity in Health Care

David Cutler September 29th, 2009

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.

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In Fed We Trust: Ben Bernanke’s War on the Great Panic

David Wessel September 17th, 2009

Myron Scholes Forum, September 15, 2009

The Wall Street Journal’s Economics editor, David Wessel, discusses his new book, In Fed We Trust, which illuminates the opaque and undemocratic inner workings of the Federal Reserve, while revealing how the

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Wall Street, Mortgage Plans, and CIT Group

July 23rd, 2009

Yahoo! Finance, July  20, 2009

Professor Zingales talks to Yahoo! Finance about what Wall Street will look like in 2015; a new mortgage plan; and CIT Group’s rescue plan.

CIT Rescue Plan Proves Capitalism Works

Wall St. in Danger of

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Rebuilding the Global Architecture of Financial Regulation

Malcolm Knight April 6th, 2009

Myron Scholes Forum, April 1, 2009

Malcolm Knight, Vice Chairman for Deutsch Bank Global Group will discuss the policies and procedures that will govern the future of financial regulation.

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Martin Wolf: Fixing the Global Economy

Martin Wolf March 6th, 2009

Myron Scholes Forum, March 3, 2009 (co-sponsored by The Chicago Council on Global Affairs)

Martin Wolf, Associate Editor of the Financial Times , explores why global imbalances cause financial crises like the one ravaging the world now, and outlines

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Faculty Panel: Evaluating Obama’s Stimulus Package

Myron Scholes Forum, January 16, 2009

Professors John Huizinga, Robert Lucas and Kevin Murphy evaluate and discuss the pros and cons of the Obama Stimulus Package.

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View Lucas pdf (panel presentation)
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A Faculty Panel on “What the Effects Will be and What Should be Done”

November 18th, 2008

Myron Scholes Forum, November 18, 2008

To wrap up the series of Credit Crisis lectures in our Myron Scholes Forum, Brian Barry, John Cochrane, Steven N. Kaplan, and Raghuram G. Rajan look at some likely consequences of

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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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