Princeton University’s College Fed Challenge Team won Philadelphia district College Fed Challenge (CFC) competition for the 3rd straight year. The competition was held at Lafayette College, on 11/10/16. The team placed among the top five at the Nationals held at the Board of Governors of the Federal Reserve System, in Washington, D.C. on 12/1/16. The team's was coached by Christopher Sims, John J. F. Sherrerd ’52 University Professor of Economics at Princeton University.
For the seventh consecutive year, The Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) offered an intensive 4-day short course, “Financial Markets for Public Policy Professionals,” to second year master’s of public administration (MPA) and master’s of public policy (MPP) students from the Woodrow Wilson School of Public and International Affairs.
Like the vast majority of his fellow economists, former Bank of England Chief Economist Sir John Vickers acknowledges having had no special premonition of the financial crisis in 2008 and of having been blindsided by the severity of the crisis and its impact on the banks and the financial system. Remarking on the ferocity of the downturn, the surprise, said Vickers, was not so much the collapse of Bear Stearns in March 2008 but the “shock of the shock”—the effect that the shock would have not just on the US alone but on the banking and financial systems in the UK, Europe and the world.
Princeton University provost David Lee, and president and founder of the African School of Economics Leonard Wantchekon (who is also professor of politics at Princeton), recently formalized a new partnership between The Julis-Rabinowitz Center for Public Policy and Finance (JRCPPF) and the African School of Economics, Benin (ASE), concluding a thoughtful months-long planning process.
Read up on Atif Mian's latest research as published in two recent working papers.
This month, Mian's work (with coauthor Amir Sufi), "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," was released by NBER.