Archive

Kugler - Enriching Data and Analysis in Economics with Real Life Experiences

Adriana Kugler discusses the importance of women's representation in the economics profession, emphasizing the practical reasons for greater diversity. She argues that diverse experiences and perspectives can lead to better insights and more relevant economic analysis. Kugler shares her approach to economic research, combining deductive and inductive methods. She provides examples of her own research, including a study on the effects of Hurricane Katrina evacuees on Houston schools and an experiment on the impact of stipends on training program outcomes. Kugler highlights the value of personal experiences in informing research and policymaking. She concludes by urging economists to bring their unique perspectives to economic discussions and become experts in their fields.


Positivity Score: 80
Uncertainty Score: 40

Bowman - Bank Liquidity, Regulation, and the Fed's Role as Lender of Last Resort

In Michelle Bowman's speech, she addresses the role of the Federal Reserve in providing liquidity to the U.S. banking system. She discusses the historical context of the Federal Reserve's authority and its evolution since the 2008 financial crisis. She emphasizes the importance of the Federal Reserve's liquidity tools, particularly the discount window, in supporting the banking system. Bowman also explores the challenges and design problems that need to be addressed to optimize the functioning of these tools, including the potential use of pre-positioning collateral and improving the technology and operational readiness of the discount window. She acknowledges the stigma associated with discount window borrowing and the need to consider the broader framework of bank liquidity, including other sources and requirements. Furthermore, Bowman reflects on the lessons learned from the recent Bank Term Funding Program and the importance of continuous improvement in program design. She concludes by highlighting the need for a comprehensive review of the liquidity framework and the importance of a targeted approach to supervision in preventing banking system stress.


Positivity score: 70
Uncertainty score: 50

Bowman - Bank Mergers and Acquisitions, and De Novo Bank Formation: Implications for the Future of the Banking System

In her speech, Michelle Bowman expresses concerns about the current regulatory trajectory and its impact on the future of banking. She highlights the stress to the banking system caused by the failures of Silicon Valley Bank and Signature Bank, which led to a renewed focus on regulatory and supervisory policy. Bowman raises questions about the challenges faced by regulated institutions in implementing complex and burdensome rules, especially for small banks. She believes that the broad-based and insufficiently focused reform agenda poses a risk to the banking system, citing the rushed nature of these reform efforts and the lack of understanding of their consequences. Bowman emphasizes the interconnectedness of the various elements of the bank regulatory framework and calls for rationalizing regulatory approaches to ensure they align with the goals of a diverse and thriving banking system.



Positivity Score: 50
Uncertainty Score: 40

Cook - Hope, Promise, and Mentors

In this speech, Lisa Cook expresses her gratitude for receiving a career achievement award and acknowledges the support she has received from her family and friends. She highlights the accomplishments of her influential uncle, Samuel DuBois Cook, who was a veteran, political theorist, activist, and the first African American tenured professor at Duke. Cook emphasizes the importance of mentors in her own academic journey and encourages others to seek mentors from diverse backgrounds. She discusses the Diversity Initiative for Tenure in Economics, which she credits with helping her navigate the path to tenure. Cook also emphasizes the responsibility of becoming a mentor oneself. In closing, she expresses her commitment to continuing her work and building a more just and inclusive world.


Positivity: 85
Uncertainty: 10