Joan and Sanford Weill Hall Annenberg Auditorium (1120)
Federal Reserve Bank Vice Chair for Supervision Michael S. Barr, former dean of the Ford School, will discuss the workings of the Fed, his work on banking reform, and the lessons of leadership he has learned in his career in and out of government service.
Professor Jeffery Zhang from Michigan Law will be speaking at our February blue bag lunch talk on Wednesday, February 1 at 12pm. The talk will be virtual on Zoom. Please register here by January 31.
Professor Nejat Seyhun will discuss a new paper on "insider giving," as a potent substitute for insider trading due to lax reporting requirements and legal restrictions.
CLOSUP Lecture Series,
Conversations Across Differences
Free and open to the public – this is a virtual webinar on Zoom - please register!
Student researchers will share their research on the similarities and differences across the urban/rural continuum with respect to: the state of civic discourse; public participation in decision-making; citizen engagement; internet connectivity and access to information; and privatization of local government services.
More than a decade after the 2008 financial crisis, U.S. policymakers still have not adequately addressed one of the primary causes of the crash: foreign banks.
Join Ford School professors Betsey Stevenson, Justin Wolfers, and Ford School Dean Michael S. Barr for a discussion on the challenges of navigating an economic crisis during the COVID-19 public health emergency.
As demand for renewable energy grows, wind energy and solar energy developers are looking for communities to host these projects. In this session, Dr. Sarah Mills will talk about what we know about public perceptions of renewable energy in the communities where wind and solar projects are proposed. She'll draw mostly on her research understanding community reactions to wind energy projects in Michigan, extrapolate what that means for solar energy.
Local government fiscal health is typically assessed using objective financial indicators, but little is understood about how local officials subjectively understand their own fiscal health. We compare self-assessment data from the Michigan Public Policy Survey with financial data on Michigan local governments to explore the extent to which self-assessments align with conventional financial indicators. Qualitative results reveal that local officials emphasize long-term spending pressures (e.g. roads, infrastructure) and external factors, such as uncertainty around property values and state aid (i.e. revenue sharing) payments, when assessing their fiscal health. Quantitative results provide some corroborating evidence, but in general, conventional indicators are not powerful predictors of self-assessments, especially for high-stress governments. We believe that part of the disparity is that financial indicators do a poor job of capturing what local officials say they are most worried about. We suggest that self-assessments may be a useful supplement to conventional measures in capturing “true” fiscal health.
The Data Privacy and Portability in Financial Technology Symposium celebrates the Michigan Technology Law Review’s 25th Anniversary by hosting an event dedicated to cutting-edge scholarship at the intersection of technology and the law. Specifically, this symposium is designed to examine the inherent tensions between securing privacy rights and the ease at which transactions occur, facilitated by new innovative technologies.
This will be a presentation of two large-scale field experiments designed to test the hypothesis that group membership can increase participation and pro-social lending for an online crowdlending community, Kiva. The first experiment uses variations on a simple email manipulation to encourage Kiva members to join a lending team, testing which types of team recommendation emails are most likely to get members to join teams as well as the subsequent impact on lending. We find that emails do increase the likelihood that a lender joins a team, and that joining a team increases lending in a short window following our intervention. The impact on lending is large relative to median lender lifetime loans. We also find that lenders are more likely to join teams recommended based on location similarity rather than team status. Our results suggest team recommendations can be an effective behavioral mechanism to increase pro-social lending. In a second field experiment, we manipulate forum messages to explore the underlying mechanisms for teams to be effective.
Historically, public infrastructure systems such as roads, water utilities, and schools are financed using a combination of tax revenue, government and revenue-backed bonds. This system has repeatedly fallen short due to insufficient tax revenue and political aversion towards funding “social infrastructure”. Especially for schools, the access to quality infrastructure is highly correlated (in the US) to poverty, stemming from property values, credit worthiness and other factors. A recent bill (not passed) required a 1:6 leverage of federal with state and private finance, compared to 1:12 in Europe and 1:30 proposed under the Climate accords. Either infrastructure has not been built or upgraded, or private capital has stepped in the breach. At the Center for Smart Infrastructure Finance, we're asking whether data-driven models can close the gap by taking advantage of the internet of things (IoT): smart sensors that deliver information which can be monetized. This seminar will explore how private financing models that leverage digital data supply chains to attract 'efficient capital' (e.g. insurance, options trades, debt securities, variable interest rate bonds) can be adapted to financing public infrastructure while limiting recourse to the citizens that use it, and leveling the economic disparities of access.
CRC & CLOSUP Ask if Michigan's System of Funding Local Government is Broken
Join us for a webinar on Sep 13, 2016 at 1:00 PM EDT.
Register now!
https://attendee.gotowebinar.com/register/3376805094469781763
The Federal Office of Financial Research and the University of Michigan are co-hosting this conference to bring together regulators, policymakers, financial market participants, and academic researchers to explore ways of bolstering financial stability.
Gerald R. Ford School of Public Policy
5th Floor Seminar Room
Presenting the findings on the system of funding of local government. About the Michigan Public Policy Survey The Michigan Public Policy Survey (MPPS) is a program of state-wide surveys of local government leaders in Michigan. The MPPS is designed to fill an important information gap in the policymaking process.
Over the last decade, local government in Michigan has experienced widespread contraction. Driven by falling revenues and rising costs, local jurisdictions have been forced to adjust to a "new normal" by right-sizing themselves to live within reduced means. The Michigan Public Policy Survey (MPPS), conducted by the Center for Local, State, and Urban Policy (CLOSUP) at the University of Michigan's Gerald R. Ford School of Public Policy, has tracked the fiscal challenges facing Michigan's local governments over the last 4 years, and how they've been responding.
Gerald R. Ford School of Public Policy
5th Floor Seminar Room
From the South Oakland County Mayor's Association – Oakland County results from the Spring 2011 MPPS fiscal data and Fall 2011 data on the EVIP program findings.
Gerald R. Ford School of Public Policy
5th Floor Seminar Room
11th Annual Lent Upson Lecture at Wayne State University – Spring 2010 MPPS fiscal data findings The Michigan Public Policy Survey (MPPS) is a program of state-wide surveys of local government leaders in Michigan. The MPPS is designed to fill an important information gap in the policymaking process. While there are ongoing surveys of the business community and of the citizens of Michigan, before the MPPS there were no ongoing surveys of local government officials that were representative of all general purpose local governments in the state.
Gerald R. Ford School of Public Policy
5th Floor Seminar Room
Michigan Municipal League (MML) Annual Convention – Spring 2009 MPPS fiscal data findings The Michigan Public Policy Survey (MPPS) is a program of state-wide surveys of local government leaders in Michigan. The MPPS is designed to fill an important information gap in the policymaking process. While there are ongoing surveys of the business community and of the citizens of Michigan, before the MPPS there were no ongoing surveys of local government officials that were representative of all general purpose local governments in the state.