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An Interview with Matthew Notowidigdo on How Alexandria Ocasio-Cortez’s Tax Plan Would Change the NBA

January 22, 2019 – from By NICK GREENE JAN 22, 2019
To predict what might happen to Stephen Curry’s salary in an America with a much different approach to taxation, I spoke with Matthew Notowidigdo, an associate professor of economics at Northwestern University. Notowidigdo teaches labor economics and has worked with professional sports teams on issues like ticket pricing, revenue sharing, and media rights.

Read the Winter 2019 Newsletter!

January 17, 2019
We hope you enjoy reading our Winter 2019 edition of our Newsletter. This edition includes Q&A's with a current student and alumnus, thank you to our wonderful donors, faculty updates and more!

Joel Mokyr Elected Distinguished Fellow of the American Economic Association

January 17, 2019
Joel Mokyr receives The Award of Distinguished Fellow from the American Economic Association. The Award of Distinguished Fellow was instituted in 1965. Past Presidents of the Association and Walker Medalists shall be Distinguished Fellows. Additional Distinguished Fellows may be elected, but not more than four in any one calendar year from economists of high distinction in the United States and Canada.

Matthias Doepke and Fabrizio Zilibotti’s new book: Love, Money, and Parenting: How Economics Explains the Way We Raise Our Kids

January 17, 2019

Parents everywhere want their children to be happy and do well. Yet how parents seek to achieve this ambition varies enormously. For instance, American and Chinese parents are increasingly authoritative and authoritarian, whereas Scandinavian parents tend to be more permissive. Why? Love, Money, and Parenting investigates how economic forces and growing inequality shape how parents raise their children. From medieval times to the present, and from the United States, the United Kingdom, Germany, Italy, Spain, and Sweden to China and Japan, Matthias Doepke and Fabrizio Zilibotti look at how economic incentives and constraints such as money, knowledge, and time influence parenting practices and what is considered good parenting in different countries.

Seema Jayachandran's video summary: One problem with giving aid to small villages

January 3, 2019 – from VoxDev
In combating poverty, government’s often have to choose between cash transfers and in-kind transfers constituting of goods and services (e.g. food, public housing etc.). Seema Jayachandran looks at how these two types of transfers affect prices in the context of small, rural villages in Mexico. She finds that in richer villages, there was a negligible effect of cash transfers on prices, but in the poorer ones there was sizeable inflation.

Dean Karlan's new book: Failing in the Field

January 3, 2019
In Failing in the Field, Dean Karlan and Jacob Appel delve into the common causes of failure in field research, so that researchers might avoid similar pitfalls in future work.

Northwestern Economics Students Attend Clinton Global Initiative University

December 6, 2018 – from December 03, 2018 | By Monika Wnuk
When Evan Taylor returned from a family trip over winter break as a sophomore in 2016, he wanted to exchange all the foreign coins he’d collected abroad. He quickly realized that currency exchanges won’t exchange foreign coins, leaving travelers with pockets of coins that become nothing more than souvenirs. Taylor researched alternatives and found UNICEF’s Change for Good program, which accepts foreign coins as donations. Back at Northwestern, he started to wonder what a similar program could look like in Chicago.

Martin Eichenbaum's column: State-dependent effects of monetary policy: The refinancing channel

December 6, 2018 – from Martin Eichenbaum, Sérgio Rebelo, Arlene Wong 02 December 2018
Mortgage rate systems vary in practice across countries, and understanding the impact of these differences is critical to the design of optimal monetary policy. This column focuses on the US, where most mortgages have a fixed interest rate and no prepayment penalties, and demonstrates that the efficacy of monetary policy is state dependent, varying in a systematic way with the pool of potential savings from refinancing. As refinancing costs decline, the effects of monetary policy become less state dependent.

Joel Mokyr receives Allan Sharlin Memorial Book Award for A Culture of Growth: The Origins of the Modern Economy

November 19, 2018
A $1,000 prize is awarded annually for an outstanding book in social science history to honor the memory of Allan Sharlin. Allen exemplified the finest traditions of social science history. His training and scholarship were broadly interdisciplinary and he used both quantitative and more traditional methodologies. Books published in the previous year are eligible for consideration.
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