Literati is pleased to host Megan Tompkins-Stange in support of her book Policy Patrons: Philanthropy, Education Reform, and the Politics of Influence.
Causal Inference in Education Research Seminar (CIERS)
David Atkin, MIT on A New Engel on the Gains from Trade. Measuring the gains from trade and their distribution is challenging. Recent empirical contributions have addressed this challenge by drawing on rich and newly available sources of microdata to measure changes in household nominal incomes and price indices. While such data have become available for some components of household welfare, and for some locations and periods, they are typically not available for the entire consumption basket. In this paper, we propose and implement an alternative approach that uses rich, but widely available, expenditure survey microdata to estimate theory-consistent changes in income-group specific price indices and welfare. Our approach builds on existing work that uses linear Engel curves and changes in expenditure on income-elastic goods to infer unobserved real incomes. A major shortcoming of this approach is that while based on non-homothetic preferences, the price indices it recovers are homothetic and hence are neither theory consistent nor suitable for distributional analysis when relative prices are changing. To make progress, we show that we can recover changes in income-specific price indices and welfare from horizontal shifts in Engel curves if preferences are quasi-separable (Gorman, 1970; 1976) and we focus on what we term “relative Engel curves”. Our approach is flexible enough to allow for the highly non-linear Engel curves we document in the data, and for non-parametric estimation at each point of the income distribution. We first implement this approach to estimate changes in cost of living and household welfare using Indian microdata. We then revisit the impacts of India’s trade reforms across regions.
Join EPI's scholars at 27 roundtables, panels and poster sessions, and help us to celebrate Susan Dynarski's selection as the recipient of APPAM's Spencer Award for transformative work in education policy research.
Professor Shujiro URATA examines Japan’s current economic situation and identifies the problems, then he discusses the importance of adopting an activist international economic policy with a focus on its relationship with the United States, in order to overcome the problems and achieve sustained economic growth.
Economic Development Seminar presents Supreet Kaur (UC-Berkeley). Supreet will present "Scabs: The Social Suppression of Labor Supply" in the joint labor/development seminar on Friday, April 6, 1-2:30PM in Lorch 201.
Saumitra Jha, Stanford University will present Swords into Bank Shares: Financial Innovations and Innovators in Mitigating Political Violence in EDS Seminar on Tuesday, April 10 at 2:30pm in 201 Lorch Hall.
This talk will show how children’s chances of climbing the income ladder vary across neighborhoods, analyze the sources of racial disparities in intergenerational mobility, and discuss the role of higher education in creating greater income mobility.
Please join Professor Susan Collins, the Ford School DE&I Officer, Stephanie Sanders and Global Engagement Program Manager, Cliff Martin for an info session about this exciting opportunity in global engagement.
Indo-Pacific Conference organized by International Policy Center and Center for Japanese Studies features a keynote by Susan Thornton, Assistant Secretary of State for East Asian and Pacific Affairs.
U. S. Department of the Treasury, Cash Room
Washington, DC
The U.S. Office of Financial Research and the University of Michigan’s Center on Finance, Law, and Policy will bring together regulators, policymakers, lawyers, economists, financial institutions, investors, financial technology companies, and experts on data science, cybersecurity, and finance.
This webinar on January 29, 2019 was jointly hosted by CLOSUP and the Michigan Municipal League. The webinar features Professor Manny Teodoro from Texas A&M University, speaking on water and sewer system finance and policy, including how to measure affordability, and policy options for rate structures and related issues.
Traditionally, central banks have served three policy functions – monetary policy, payments systems oversight, and financial institution supervision. This conference will convene international experts and practitioners to examine how these core functions contribute to financial inclusion, poverty alleviation, and a more inclusive economy – and what could be improved.The conference contributes to a research initiative undertaken by the University of Michigan’s Center on Finance, Law & Policy, in partnership with the Bill & Melinda Gates Foundation to consider how the role of a central bank could evolve in the future and enable central banks to make greater contributions toward financial inclusion. Ultimately, the research intends to identify technologies, processes, or tools that could benefit a central bank in supporting public policy objectives related to inclusion, and consider whether other sectors, including philanthropy, might have a role to play in supporting the development of those tools. Registration to the event is free. Speakers and attendees will include individuals from standards-setting bodies, central banks and other financial regulators, and policymakers, as well as futurists and technologists, and other financial ecosystem stakeholders.For more information visit http://financelawpolicy.umich.edu.
um3detroit is an interdisciplinary gathering that brings together U-M's three campuses along with Detroit community partners to share and strengthen our connections to Detroit and each other.
Do you want to learn more about the federal budget and how to bring the national debt to more sustainable levels? Join the Committee for a Responsible Federal Budget in an interactive exercise with The Debt Fixer.
Interested in a career in Finance or Technology? Learn More From Professor Adrienne Harris!Adrienne A. Harris is a Professor of the Practice at the University of Michigan, as well as a Gates Foundation Senior Research Fellow with the Center for Finance, Law and Policy at the University. Adrienne also advises fintech companies, incumbent financial institutions, and large venture capital firms. Most recently, Adrienne was the Chief Business Officer and General Counsel a San Francisco-based, insur-tech start-up for which she is now an Advisor. Adrienne was a Special Assistant to President Obama for Economic Policy at the National Economic Council in the Obama White House. She spearheaded the development of the Administration’s fintech strategy, chairing both the Interagency Fintech Working Group and the Administration’s Distributed Ledger Technology Task Force. She came to the White House from the U.S. Department of Treasury where she served as Senior Advisor to the Deputy Secretary. Prior to coming to Washington, D.C., Adrienne was an Associate at Sullivan & Cromwell LLP in New York, where her practice included representing financial institutions in complex regulatory proceedings and M&A transactions. Adrienne earned her M.B.A. from New York University Stern School of Business with specializations in Economics and Management, her J.D. from Columbia University Law School, and her B.A. from Georgetown University.
Dear Ford School Alumni and Friends: The featured speaker will be Ford School/Brookings/New York Times-affiliated economist, Justin Wolfers, discussing economics and happiness. Justin and his partner Betsey Stevenson—another nationally prominent economist, currently a member of the President's Council of Economic Advisers—joined the Ford School faculty in fall 2012.
Policy Talks @ the Ford School Free and open to the public. Reception to follow. Paperback editions of Lawrence Lessig's book, Republic, Lost: How Money Corrupts Congress–and a Plan to Stop It will be available for purchase at the event. Professor Lessig will sign copies of his book during the reception. Join in on the conversation on Twitter: #fordschoollessig This event is co-sponsored by the Michigan Campaign Finance Network. From the speaker's bio: Lawrence Lessig is the Roy L.
CLOSUP Lecture Series,
Policy Talks @ the Ford School
Gerald R. Ford School of Public Policy
Annenberg Auditorium
Free and open to the public. Auditorium doors will open at 3:30 PM on March 19. This event will be live web-streamed; a link to the web-stream will be posted here on the day of the event at least 30 minutes prior to the start time.
Free and open to the public. Join the conversation on Twitter: #policytalks Lecture by Roger Ferguson, president and chief executive officer of TIAA-CREF. About the lecture Despite our sluggish economy and the global economic uncertainty, building lifelong financial security is not a pipe dream in 21st century America. But for most Americans, it's become a do-it-yourself proposition, as a result of the decline of traditional pension plans in the private sector. This is a concern given the general lack of financial literacy among our population.
