Economic Fragility: Implications for Recovery From the Pandemic
Presented by Dr. Eric Rosengren, President, Federal Reserve Bank of Boston
Thursday, October 8, 2020
Eric Rosengren is president and CEO of the Federal Reserve Bank of Boston, one of 12 regional Federal Reserve banks. Eric is a participant in the Federal Open Market Committee, the monetary policymaking body of the United States. As CEO, Eric leads the Boston Fed’s work, which includes economic research and analysis, banking supervision and financial stability efforts, community economic development activities, and a wide range of payments, technology, and finance initiatives.
Eric was appointed president in 2007 and has taken a rigorously data-driven approach in forming his views on the national and regional economy. His research and policy positions pay close attention to both aspects of the Fed’s dual mandate – labor market outcomes as well as price stability. Eric’s work as a researcher and now as a policymaker has often focused on financial stability issues and their impact on the real Main Street economy. He has led a number of efforts to expand the Boston Fed’s outreach and impact on low- and moderate-income communities – among them hosting sizable foreclosure- prevention workshops for New England residents during the Great Recession, and running a competition for postindustrial New England communities to develop cross-sector collaboration and ultimately help improve the lives of lower-income residents.
Eric holds a bachelor’s degree in economics from Colby College, where he is the current chair of the board of trustees, and earned a master’s and doctorate in economics from the University of Wisconsin, Madison.
About the Marburg Lecture
The lecture series is named in honor of the late Theodore F. Marburg, a long-time member of the economics department. The goal of the Marburg Memorial Lecture is to provide a forum for the discussion of moral, philosophical and social dimensions of economic issues, as well as continue Professor Marburg’s commitment to the economic aspects of peace and justice. The Marburg Lecture is made possible by the generosity of the Marburg family and through the support of the Center for Applied Economics. The Marburg lecture is generally held in November of each year.
Previous Marburg Lectures
2019-2020 - Dr. Esther Duflo, MIT Economics
"Good Economics for Hard Times" For additional information on Dr. Duflo’s research and to order her book, Good Economics for Hard Times, visit: https://www.goodeconomicsforhardtimes.com/
2018-2019 - Dr. Devin Pope, Booth School at the University of Chicago
"Behavioral Economics in the Real World" Using primarily observational data, Pope studies how psychological biases play out in field settings and economic markets. Examples include left-digit bias and projection bias in car markets and time inconsistency in housing markets.
2017-2018 - Dr. Joshua Angrist, Ford Professor of Economics at MIT
Dr. Angrist is also a director of MIT’s School Effectiveness and Inequality Initiative. His Marburg lecture focused on how empirical economics have evolved to answer important policy questions, how this evolution has increased the impact of economics on other disciplines, and how undergraduate economic instruction should change accordingly.
2016-2017 - Dr. Michael Greenstone, University of Chicago, "The Global Energy Challenge"
Greenstone discusses the global energy challenge that requires balancing the need for inexpensive and reliable energy, while limiting environmental and health damages and guarding against disruptive climate change.
2015-2016 - Dr. Emily Oster, Brown University, "Pregnancy, Causality and Economics" - watch video
Research on the value of health behaviors, once the lone purview of doctors and medical journals, is increasingly available to consumers from the Internet and media coverage. What is often missing is a serious look at whether the relationships in data are really causal ones. Does drinking a lot of coffee lengthen your life, as some studies suggest? Or is it just that the kind of people who drink a lot of coffee live longer for other reasons?
2014-2015 - Professor Edward Glaeser, Harvard University, "Triumph of the City" - watch video
Cities are often seen as the source of social problems such as poverty and crime, while we retain romantic notions of idyllic rural life. The truth is very different. In this lecture, Professor Edward Glaeser, the world’s leading expert in the economics of cities, will discuss why cities are crucial to economic development, why proximity has become ever more valuable as the cost of connecting across long distances has fallen and why, contrary to popular myths, dense urban areas are the true friends of the environment, not suburbia.
2013-2014 - Harvard University Professor of Economics Raj Chetty - watch video
Prof. Chetty is one of the authors of a groundbreaking new study on upward mobility in America. The study examined data from cities across the country, and found that the chances of poor children’s climbing the economic ladder were considerably higher in some places than others. Prof. Chetty’s research focuses on what he calls “equality of opportunity: how can we give children from disadvantaged backgrounds better chances of succeeding”
2012-2013 - Prof. John A. List - watch video
Department of Economics, University of Chicago
Using the world as his sandbox, Prof. List tells us why women get paid less than men, how we can shrink the racial achievement gap in one minute, and what seven words can end discrimination. Dr. List has been one of the pioneers in the development and use of field experiments in economics. A field experiment evaluates the market behavior of participants, but instead of these actions taking place in an artificial laboratory setting, the field experiment is conducted in the normal market setting for the participant.
2011-2012 - Dr. Ronald G. Ehrenberg
An expert in the economics of higher education, Ehrenberg has served as a consultant to faculty and administrative groups and trustees at a number of colleges and universities on issues relating to tuition and financial aid policies and other budgetary and planning issues. In 2002, he wrote Tuition Rising, an examination of the American higher education system. While in Milwaukee, Dr. Ehrenberg also was interviewed by the Journal Sentinel on the topic of rising tuition.
2010-2011 - Dr. Robert Putnam
Peter and Isabel Malkin Professor of Public Policy at Harvard University Dr. Putnam discussed American Grace: How Religion Divides and Unites Us. Professor Putnam and Professor Daniels, co-director of the CGES, were interviewed for the Marquette Difference Network.
2009 - Professor Marianne Ferber
Department of Economics
University of Illinois, Urbana
2008 - Professor James P. Ziliak, Gatton Chair in Microeconomics
Director, Center for Poverty Research
University of Kentucky
2007 - Professor Solomon W. Polachek
Departments of Economics and Political Science
State University of New York at Binghamtom
2006 - Professor Jerry Evensky
Department of Economics
Maxwell School of Syracuse University
2005 - Mr. Chris Lowney
Author & Special Assistant to President
Catholic Medical Mission Board
2004 - Dr. Laurence Iannaccone, Professor
Department of Economics
George Mason University
2000 - Dr. Ransford W. Palmer, Professor
Department of Economics
1998 - Dr. Herman E. Daly, Scholar in Residence
University of Maryland
School of Public Affair
1997 - Dr. Marilyn Moon, Senior Fellow
Health Policy Center of the Urban Institute
1995 - Fr. William Byron, S.J., Director
Center for the Advanced Study of Ethics