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Insights from top economists to help you navigate the economic impact of the COVID-19 crisis. Hosts Tess Vigeland and Eduardo Porter talk to University of Chicago economists about their research, revealing important new ways to make sense of this moment. Economics is at the heart of crucial decisions about how we confront the COVID-19 crisis. Topics range from global trade to the changing meaning of work. Pandemic Economics is produced by the Becker Friedman Institute and Stitcher and is par ...
 
The Becker Friedman Institute for Economics at the University of Chicago (BFI) serves as a hub for cutting-edge analysis and research across the entire UChicago economics community to uncover new ways of thinking about the field. Featuring conversations and lectures from premier BFI events, this podcast explores the latest economic insights and trends from leading voices in policy, business, the media, and academia, revealing how rigorous thinking shapes our understanding of the world.
 
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The US pays roughly twice as much per person for healthcare as other wealthy nations. Yet Americans are in worse health. A group of leading health economists, physicians, and hospital administrators help explain the system’s striking inefficiencies and the difficult choices presented by reform. See omnystudio.com/listener for privacy information.…
 
The global pandemic has revealed critical gaps and weaknesses in the US health care system. How is our system structured and how did we get here? In part one of our deep dive into the health care system, Katherine Baicker and Pietro Tebaldi offer their insights into the dynamics that shape health insurance coverage in America. See omnystudio.com/li…
 
How you experience the global energy crisis and climate change depends in large part on where you live. For this special deep dive episode, Michael Greenstone and Amir Jina discuss long-term research on one place – Bihar, India – and the lessons it offers to the rest of the world. See omnystudio.com/listener for privacy information.…
 
COVID-19 has prompted a significant decline in carbon emissions, accompanied by extraordinary economic cost. Professor Michael Greenstone discusses what energy economists are learning from the pandemic and how the trade-offs may be misinterpreted. If you’ve listened to Pandemic Economics this season, we’d appreciate your feedback. Please take a min…
 
You’ve likely heard of the summer slide in childhood learning. Will changes to education and toxic stress due to COVID-19 result in similar losses, especially for already disadvantaged children? John List and Dana Suskind share what evidence shows about the new risks facing families; then, Ariel Kalil discusses her research on interventions to supp…
 
CARES Act funds quickly put cash in the hands of Americans affected by shutdown, but in many cases, relief didn’t reach minority and low-income workers who needed it most. Damon Jones discusses the inequalities in relief efforts and how the country can build a stronger social safety net going forward. See omnystudio.com/listener for privacy informa…
 
Central banks are playing a critical, yet little discussed, role in limiting the economic damage of COVID-19. In this episode, Chicago Booth professor and former Governor of the Reserve Bank of India Raghuram Rajan discusses how the pandemic is forcing the Federal Reserve and its international counterparts into uncharted territory. See omnystudio.c…
 
Under the CARES Act, two-thirds of eligible unemployed Americans can access unemployment insurance exceeding their prior earnings. Peter Ganong and Joseph Vavra discuss what this fact means for the unemployed, economic recovery from COVID-19, and how to improve the program for future federal relief packages. See omnystudio.com/listener for privacy …
 
South Korea detected its first case of COVID-19 one day before the US, but rather than initiate lockdowns, it launched a program that shares location information on COVID-19 patients. Chang-Tai Hsieh discusses how South Korea limited COVID-19 deaths to 5.2 per million while the US rate climbed to 289 per million, and what it may reveal about the co…
 
Since March, 22% of American workers lost their jobs. How can we begin to think about such an unprecedented deterioration in the labor market? Erik Hurst has studied who exactly has stopped collecting a paycheck and gives context to the staggering numbers. Then, Joseph Vavra shares his research on one of the most critical hurdles for parents to get…
 
Is there any room for optimism amid an economic shock of this magnitude? Austan Goolsbee offers insights from past economic crises and a path forward for balancing trade-offs between public health and the economy. His colleague Steve Davis explores the reallocation of jobs as a result from the current shock, and the potential long-term economic con…
 
As the COVID-19 pandemic has sent world economies into deep freeze, hosts Tess Vigeland, former host of public radio’s Marketplace, and Eduardo Porter, economics reporter for the New York Times, are interviewing top economists from the University of Chicago. Subscribe to this podcast produced by Stitcher and the Becker Friedman Institute for Econom…
 
The United States is facing a range of challenging policy issues, from trade to inequality to climate change. The good news is that academic economists are doing cutting-edge work to help solve the challenges of the day, at the University of Chicago and institutions around the world. Over the past 20 years, there has been increasing momentum toward…
 
The Becker Friedman Institute for Economics (BFI), the Chicago Economics Society (CES), and the Booth Alumni Club of Washington, DC, welcomed Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor Of Economics, Chicago Booth School of Business, for cocktails and a conversation on Crony Capitalism with Chinese Characteristics. David Rank, former De…
 
When faced with debt across multiple credit cards, do people pay down their balances in a way that makes financial sense? On February 1, BFI hosted Chicago Booth Professor Neale Mahoney for a Friedman Forum luncheon lecture on his recent working paper, “How Do Individuals Repay Their Debt? The Balance-Matching Heuristic.”In the paper, Professor Mah…
 
Traditional economics assumes rational actors. In daily decision-making, however, we all make decisions influenced by our biases and beliefs, whether which car to buy or who to vote for at the polls. As a result, outcomes often deviate from the standards of rationality assumed by economics.Combining discoveries in human psychology with a practical …
 
Richard Evans is a Senior Fellow in Computational Social Science at the University of Chicago, and Fellow here at the institute. Evans sees immense potential in the methods, practices, and even workflows that computer engineers have implemented in their own discipline, and is working to bring those skills into Chicago economics through his role bot…
 
Edward P. Lazear is a labor economist and a founder of the field known as personnel economics. His research centers on employee incentives, promotions, compensation and productivity in firms. In this episode, Lazear and Kevin Murphy talk about the legacy of human capital and labor economics at the University of Chicago, as well Lazear’s experience …
 
Amanda Agan is interested in the ways that laws and regulations play out in the real world, often yielding unintended consequences. She visited the institute this spring and spoke about her recent work to evaluate policies that eliminate questions about previous criminal convictions from job applications Advocates of these “Ban the Box” policies ha…
 
In this episode, Kevin Murphy talks with Casey Mulligan, professor in economics at the University of Chicago. Mulligan examines microeconomic trends, including labor, through a macroeconomic lens, with a particular interest in how policy can inadvertently shape the labor market in unexpected ways.By Becker Friedman Institute at UChicago
 
Manasi Deshpande is an emerging expert in how social insurance programs shape the outcomes of their recipients. In this episode, she and Kevin Murphy discuss the importance of empirical measurement of such programs over a lifetime and how those effects shape the recipients' labor response. The pair talk about the ways that economists bring a unique…
 
In this episode, Murphy gets concrete with Chad Syverson, the J. Baum Harris Professor of Economics at Chicago Booth, about how his engineering background influences his approach to economics, understanding the drivers of productivity, how it is measured, and what can be gleaned from past growth trends in predicting what may come.…
 
In this episode, Murphy and Muhammad Akbarpour, a Becker Friedman Institute Research Fellow, examine the opportunities that surround the development of an international kidney exchange market, the obstacles that inhibit that market from being implemented, and the experience of being an early career scholar at the University of Chicago.…
 
In this episode, Murphy talks with Steven Davis, William H. Abbott Professor of International Business and Economics at Chicago Booth, explore labor market trends from the employer side and talk about how uncertainty over impending government policy and regulatory shifts can influence labor market trends and job creation.…
 
In this episode, Murphy and James Heckman, Henry Schultz Distinguished Service Professor of Economics at the University of Chicago, delve into the topic of human capital, focusing on how both education and early home life play a defining role in the development of a child, and talk about how the economics toolkit is influencing the work of social s…
 
In this episode, Murphy talks with Erik Hurst, V. Duane Rath Professor of Economics and the John E. Jeuck Faculty Fellow at Chicago Booth, to explore Hurst's perspective on the possible common ground between macro- and micro- economic perspectives and to evaluate labor market trends from the early 2000s leading up to today on the employee side of t…
 
In this episode, Murphy and José Scheinkman, a former UChicago faculty member and department chair now at Columbia University and Princeton University, elaborate on the experience of being an economist at the University of Chicago, evaluate recent trends in the global economy, and highlight ways in which economic thinking can more broadly be applie…
 
In this episode, Murphy talks with Benjamin Brooks, a Becker Friedman Institute Research Fellow, about what drew Brooks to economics as his field of research, the nuances of understanding game theory, and the role of the Becker Friedman Institute in enriching the study of economics at the University of Chicago.…
 
In this episode, we speak with Manasi Deshpande, who currently works at the Institute as a postdoctoral research fellow leading up to joining the UChicago Economics Department as an assistant professor in the fall of 2016. Deshpande’s research interests include the effects of social insurance and public assistance programs on consumption, health, a…
 
In today’s episode we talk with Ben Brooks, a research fellow at the Becker Friedman Institute interested in how incomplete information complicates classical game theory. This summer, Brooks organized a conference, bringing together experts in mathematical modeling, incomplete information and game theory. Researchers highlighted important developme…
 
In this episode, we speak with David Weisbach and Jennifer Nou of the University of Chicago Law School, as well as Alan Sanstad of the Computation Institute and The University of Chicago Harris School of Public Policy. The trio of researchers organized a conference in April 2015 centered on a persistent issues for federal institutions: when making …
 
John Taylor and Harald Uhlig recount a recent series of conference aimed at codifying the most important principles guiding modern macroeconomic analysis. Music is by Boris Mann 2, whom you can listen to on Soundcloud. Licensed under Creative Commons.By Becker Friedman Institute at UChicago
 
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