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Senate Panel Approves Nominations for the 2 Fed Board Seats

The Senate Banking Committee on Tuesday approved President Donald Trump's nomination of Columbia University Professor Richard Clarida to be the vice chairman of the Federal Reserve. The panel also approved the nomination of Kansas bank commissioner Michelle Bowman to fill another vacancy on the Fed's seven-member board.

Oil Executives Seek Atonement at the Vatican

Among the Vatican’s “reception committee” for the oil bosses will be Jeffrey Sachs, an American development economist and anti-poverty campaigner. Also a professor at Columbia University and director of its Earth Institute, he has worked closely with the Vatican and other Christian confessions to help them formulate policies on climate change and development.

David E. Weinstein Appointed Executive Director of the Program for Economic Research (PER)

The Department of Economics announced that David E. Weinstein had been appointed Executive Director of the Program for Economic Research (PER), succeeding Yeon-Koo Che, who served in the role for the past three years.

Trump’s Insane Trade War

Maybe Donald Trump really is the Manchurian Candidate, a stooge of some foreign potentate. Much more likely, Trump is just mentally unstable and narcissistic. Whichever it is, Trump is rapidly destroying American global leadership, alliances, and interests. Wednesday's announcement of new tariffs on steel and aluminum exports from Canada, Mexico, and the European Union is the latest bizarre and self-destructive move. … Jeffrey Sachs is a professor and director of the Center for Sustainable Development at Columbia University.

How a Philly College Student’s Sneaker Start-up is Helping Latin American Artisans Climb Out of Poverty

“Is it transformative? Maybe not,” said Eric Verhoogen, a professor of economics at Columbia University who focuses on industrial development.. “But this sort of model can be quite beneficial for the community in which production is happening, in part because many times people in the community don’t really know what the end consumer in the U.S. or another rich country wants. The advantage that companies like this one bring is they know the consumer.”

Train Delays, the New Subway Plan and the Perception of Time

Behavioral economists speak of “loss aversion.” “If I give you $10 and take it away from you, that feels a lot worse than me not giving it to you in the first place,” said Mark Dean, an economics professor at Columbia University.

Transparency and Deliberation Within the FOMC: A Computational Linguistics Approach (New Publication)

Transparency and Deliberation Within the FOMC: A Computational Linguistics Approach Stephen Hansen, Michael McMahon, Andrea Prat The Quarterly Journal of Economics, May 2018

Recommender Systems as Mechanisms for Social Learning (New Publication)

Recommender Systems as Mechanisms for Social Learning Yeon-Koo Che, Johannes Hörner The Quarterly Journal of Economics, May 2018

Scholar: Dumping Fossil Fuels by 2050 Needed to Save Climate

Columbia University Professor Jeffrey Sachs said the world's ways of producing and using energy need to change "much faster, much more dramatically" than political leaders looking to tap hydrocarbon reserves understand. "So, if we want to move to zero emissions we better get the idea to move away from fossil fuels faster than Shell oil company thinks we can," Sachs told a conference in the Cypriot capital on the climate change challenges faced by Mediterranean countries and the Middle East.

Fed Nominee Clarida Promises ‘Balanced Approach’ to Monetary Policy

Richard Clarida, the Columbia University economist tapped to serve as the Federal Reserve’s No. 2 official by President Donald Trump, said he would “fully support” the central bank’s mission and promote accountability that preserves its independent status. In prepared testimony released Monday by the Senate Banking Committee ahead of a hearing on his nomination Tuesday, Mr. Clarida said he would support interest-rate policy that takes a “balanced approach” to achieving the central bank’s goals of stabilizing prices and maximizing sustainable employment.
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1022 International Affairs Building (IAB)

Mail Code 3308

420 West 118th Street

New York, NY 10027

Ph: (212) 854-3680
Fax: (212) 854-0749
Business Hours:
Mon–Fri, 9:00 a.m.–5:00 p.m.