CURRICULUM VITAE NAME Maitreesh Ghatak Contact Details
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Boa Cover Pages
5TH EUROSTAT COLLOQUIUM ON MODERN TOOLS FOR BUSINESS CYCLE ANALYSIS Jointly organised by EUROSTAT and European University Institute (Florence, Italy) Luxembourg, 29th September – 1st October 2008 Monetary Policies and Low-Frequency Manifestations of the Quantity Theory Thomas Sargent Paolo Surico Monetary Policies and Low-Frequency Manifestations of the Quantity Theory∗ Thomas J. Sargent† Paolo Surico‡ September 2008 Abstract To detect the quantity theory of money, we follow Lucas (1980) by looking at scatter plots of filtered time series of inflation and money growth rates and interest rates and money growth rates. Like Whiteman (1984), we relate those scatter plots to sums of two-sided distributed lag coefficients constructed from fixed-coefficient and time-varying VARs for U.S. data from 1900-2005. We interpret outcomes in terms of population values of those sums of coefficients implied by two DSGE models. The DSGE models make the sums of weights depend on the monetary policy rule via cross-equation restrictions of a type that Lucas (1972) and Sargent (1971) emphasized in the context of testing the natural unemployment rate hypothesis. When the U.S. data are extended beyond Lucas’s 1955-1975 period, the patterns revealed by scatter plots mutate in ways that we want to attribute to prevailing monetary policy rules. JEL classification: E4, E5, N1 Key words: quantity theory, policy regimes, time-varying VAR ∗We wish to thank Tim Besley, Efrem Castelnuovo, Robert E. Lucas, Jr., Haroon Mumtaz, and Francesco Zanetti for useful discussions. Sargent thanks the Bank of England for providing research support when he was a Houblon-Norman Fellow. -
Tax Policy Reform: the Role of Empirical Evidence
TAX POLICY REFORM: THE ROLE OF EMPIRICAL EVIDENCE Richard Blundell University College London and Institute for Fiscal Studies Abstract To understand the role of evidence in tax policy design, this paper organizes the empirical analysis of reform under five loosely related headings: (i) key margins of adjustment, (ii) measurement of effective tax rates, (iii) the importance of information and complexity, (iv) evidence on the size of responses, and (v) implications from theory for tax design. The context for the discussion is the recently published Mirrlees Review of tax reform. Although the Review focused on all aspects of tax reform, this paper highlights the taxation of earnings. It also comments on earnings taxation in the context of VAT base-broadening reforms and the taxation of capital (JEL: H2, H3). 1. Introduction How should evidence be used in the study of tax design? What is the appropriate balance between theory and empirics? These questions lay at the heart of the Mirrlees Review. Motivated by the aim to develop a broad set of principles for what makes a good tax system, the Review was an attempt to base tax reform on the large body of economic theory and empirical evidence. It was inspired by the Meade Report (1978) with the idea to review tax design from first principles for modern open economies in general and for the UK in particular. The UK over the past thirty years would be the working laboratory. The Mirrlees Review was published in two volumes: Dimensions of Tax Design (Mirrlees et al. 2010) bringing together expert evidence across a wide range of aspects of tax reform, and Tax by Design (Mirrlees et al. -
New Institutional Economics: a State-Of-The-Art Review for Economic Sociologists by Rinat Menyashev, Timur Natkhov, Leonid Polishchuk, and Georgiy Syunyaev 12
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Max Planck Institute for the Study of Societies (Cologne) (Ed.) Periodical Part economic sociology_the european electronic newsletter, Volume 13, Number 1-3 economic sociology_the european electronic newsletter Provided in Cooperation with: Max Planck Institute for the Study of Societies (MPIfG), Cologne Suggested Citation: Max Planck Institute for the Study of Societies (Cologne) (Ed.) (2011) : economic sociology_the european electronic newsletter, Volume 13, Number 1-3, economic sociology_the european electronic newsletter, ISSN 1871-3351, Max Planck Institute for the Study of Societies (MPIfG), Cologne, Vol. 13, Iss. 1-3 This Version is available at: http://hdl.handle.net/10419/155978 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. -
Michael BEST CV
MICHAEL CARLOS BEST Stanford Institute for Economic Policy Research (SIEPR) | [email protected]| personal.lse.ac.uk/bestm John A. & Cynthia Fry Gunn Building, 366 Galvez Street, Stanford, CA 94305, USA | +1 (415) 316 5006 October 2014 EMPLOYMENT 2014-2017 Stanford Institute for Economic Policy Research, Stanford University Postdoctoral Fellow EDUCATION 2009-2014 London School of Economics PhD Economics 2011-2012 UC Berkeley Economics, Center for Equitable Growth Visiting PhD Student 2008-2009 London School of Economics MRes Economics (distinction) 2006-2008 University of Oxford MPhil Economics (distinction) 2003-2006 London School of Economics BSc Government & Economics PUBLICATIONS Production vs Revenue Efficiency With Limited Tax Capacity: Theory and Evidence From Pakistan (with Anne Brockmeyer, Henrik Kleven, Johannes Spinnewijn and Mazhar Waseem) September 2014. Forth- coming, Journal of Political Economy WORKING PAPERS Salary Misreporting and the Role of Firms in Workers’ Responses to Taxes: Evidence from Pakistan May 2014 Housing Market Responses to Transaction Taxes: Evidence from Notches and Stimulus in the UK (with Henrik Kleven) May 2014 Optimal Income Taxation with Career Effects of Work Effort (with Henrik Kleven) February 2013. Revise & Resubmit at the American Economic Review WORK IN PROGRESS Motivating Bureaucrats: Autonomy vs Performance Pay for Public Procurement in Pakistan (with Ori- ana Bandiera, Adnan Khan and Andrea Prat) The Challenge of Taxing Small Businesses in Mexico (with Miguel Almunia) Haste Makes Waste: -
Curriculum Vitae
DEVAKI GHOSE The World Bank Email: [email protected] Development Economics Research Group (DECRG) Website: sites.google.com/view/devakighose/home 1818 H Street, Citizenship: India Washington, DC, 20433 Gender: Female USA EMPLOYMENT Economist, World Bank DECRG, Trade and International Integration Unit September 2020 EDUCATION: PhD in Economics, University of Virginia May 2020 M.Sc. Economics, University of Virginia December 2015 Master of Science in Quantitative Economics, Indian Statistical Institute, Kolkata May 2013 B.Sc. Economics, St. Xavier’s College, Kolkata May 2011 FIELDS OF INTEREST International Trade, Urban Economics, Development Economics WORKING PAPERS “Trade, Internal Migration, and Human Capital: Who Gains from India’s IT Boom?” (Job Market Paper) “Road Capacity, Domestic Trade and Regional Outcomes,” with Kerem Cosar, Banu Demir, and Nathaniel Young “Offshoring Response to High-Skill Immigration: A Firm-Level Analysis” (with Zhiling Wang) SELECTED WORKS IN PROGRESS “Competition, Wages, and the Emergence of Computer Science Degree Programs in the US,” with Emily Cook and Ekaterina Khmelnitskaya PUBLISHED POLICY WRITINGS “Higher Education Response to India’s IT Boom: Did State Governments Play a Role?” Making Globalization More Inclusive: Lessons from experience with adjustment policies, WTO, 2019 SELECTED RESEARCH AND PROFESSIONAL EXPERIENCE Consultant, World Trade Organization 2018-2019 Research Assistant for Sheetal Shekhri (University of Virginia) 2015 Research Assistant for Maitreesh Ghatak (London School of Economics) 2013-2014 SELECTED CONFERENCE AND SEMINAR PRESENTATIONS (2020-2021): The Paris School of Economics, Erasmus University, Queen Mary University, Federal Reserve Bank of Dallas, Oregon State University, William & Mary, The World Bank (2019-2020): 3rd Mid-Atlantic Trade Workshop (Duke University), 14th Urban Economics Association, 26th FREIT-EIIT (University of Colorado Boulder), Federal Reserve Bank of St. -
The New Political Economy
The New Political Economy Timothy Besley London School of Economics November 8, 2004 1 Introduction It is a great honour to give this year’sKeynes lecture. I have chosen as my subject the New Political Economy, a body of research and thinking that has ‡ourished in the past …fteen years or so at the interface between economics and politics. At the margin the New Political Economy reverses the split that occurred between the disciplines of economics and political science at the end of the nineteenth century. The aim of the New Political Economy is to understand important issues that arise in the policy sphere.1 It is not, as is occasionally hinted, an e¤ort by economists to colonize political science. Rather, the main concern is to extend the competence of economists to analyze issues that require some facility with economic and political decision making. This lecture is not in any sense a survey of the …eld. It is a highly selective and personal view of the motivation behind the …eld and some of the key themes that link the literature. Thus, it represents a manifesto presented in the hope that somebody who encounters these ideas for the …rst time here might be tempted to delve further into the literature and even contribute to it. This paper is based on the Keynes lecture delivered at the British Academy on October 13th 2004. I am indebted to Pete Boetkke, Mary Morgan and Torsten Persson for helpful comments on an earlier draft of this lecture and Steve Coate for numerous illuminating discussions. -
Economics Annual Review 2018-2019
ECONOMICS REVIEW 2018/19 CELEBRATING FIRST EXCELLENCE AT YEAR LSE ECONOMICS CHALLENGE Faculty Interviews ALUMNI NEW PANEL APPOINTMENTS & VISITORS RESEARCH CENTRE BRIEFINGS 1 CONTENTS 2 OUR STUDENTS 3 OUR FACULTY 4 RESEARCH UPDATES 5 OUR ALUMNI 2 WELCOME TO THE 2018/19 EDITION OF THE ECONOMICS ANNUAL REVIEW This has been my first year as Head of the outstanding contributions to macroeconomics and Department of Economics and I am proud finance) and received a BA Global Professorship, will and honoured to be at the helm of such a be a Professor of Economics. John will be a School distinguished department. The Department Professor and Ronald Coase Chair in Economics. remains world-leading in education and research, Our research prowess was particularly visible in the May 2019 issue of the Quarterly Journal of Economics, and many efforts are underway to make further one of the top journals in the profession: the first four improvements. papers out of ten in that issue are co-authored by current colleagues in the Department and two more by We continue to attract an extremely talented pool of our former PhD students Dave Donaldson and Rocco students from a large number of applicants to all our Macchiavello. Rocco is now in the LSE Department programmes and to place our students in the most of Management, as is Noam Yuchtman, who published sought-after jobs. This year, our newly-minted PhD another paper in the same issue. This highlights how student Clare Balboni made us particularly proud by the strength of economics is growing throughout LSE, landing a job as Assistant Professor at MIT, one of the reinforcing our links to other departments as a result. -
Peter J. Boettke
PETER J. BOETTKE BB&T Professor for the Study of Capitalism, Mercatus Center at George Mason University, & University Professor of Economics and Philosophy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Tel: 703-993-1149 Fax: 703-993-1133 Web: http://www.peter-boettke.com http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=182652 http://www.coordinationproblem.org PERSONAL Date of birth: January 3, 1960 Nationality: United States EDUCATION Ph.D. in Economics, George Mason University, January, 1989 M.A. in Economics, George Mason University, January, 1987 B.A. in Economics, Grove City College, May, 1983 TITLE OF DOCTORAL THESIS: The Political Economy of Soviet Socialism, 1918-1928 PROFESSIONAL EXPERIENCE Academic Positions 1987 –88 Visiting Assistant Professor, Department of Economics, George Mason University 1988 –90 Assistant Professor, Department of Economics, School of Business Administration, Oakland University, Rochester, MI 48309 1990 –97 Assistant Professor, Department of Economics, New York University, New York, NY 10003 1997 –98 Associate Professor, Department of Economics and Finance, School of Business, Manhattan College, Riverdale, NY 10471 1998 – 2003 Associate Professor, Department of Economics, George Mason University, Fairfax, VA 22030 (tenured Fall 2000) 2003 –07 Professor, Department of Economics, George Mason University, Fairfax, VA 22030 2007 – University Professor, George Mason University 2011 – Affiliate Faculty, Department of Philosophy, George Mason University FIELDS OF INTEREST -
Public Goods and Economic Development
Public Goods and Economic Development Timothy Besley, London School of Economics Maitreesh Ghatak, London School of Economics July 27, 2004 1 Introduction E¤ective provision of public goods is a key determinant of quality of life. Con- ventional approaches to poverty measurement look only at private goods, but this view is too narrow. Access to safe drinking water, sanitation, transport, medical care, and schools is essential both as a direct component of well-being as well as an input into productive capability. The rich have the option to seek private alternatives, lobby for better services, or if need be, move to di¤erent areas. The poor frequently do not. The authors are respectively Professor of Economics and Political Science, and Pro- fessor of Economics at the LSE. This paper has been prepared for Policies for Poverty Alleviation (ed.) Abhijit Banerjee, Roland Benabou, and Dilip Mookherjee. We thank Markus Goldstein, Dilip Mookherjee, and Inger Munk for helpful comments. 1 This accentuates deprivation that is measured on a more conventional private consumption basis. Households that appear to enjoy very similar levels of private consumption may in reality enjoy have very di¤erent standards of living once public goods are taken into account. Mechanisms for e¤ective delivery of public goods and services are therefore central to any credible poverty reduction strategy. This is increasingly recognized by development policymakers. For example, the UN’sHuman Development Index published since 1990 is an attempt to take a broader perspective by including indicators like life expectancy and literacy. The World Bank’s World Development Report of 2004 was devoted to the topic of improving public service delivery to the poor. -
The Origins and Development of the Fabian Society, 1884-1900
Loyola University Chicago Loyola eCommons Dissertations Theses and Dissertations 1986 The Origins and Development of the Fabian Society, 1884-1900 Stephen J. O'Neil Loyola University Chicago Follow this and additional works at: https://ecommons.luc.edu/luc_diss Part of the History Commons Recommended Citation O'Neil, Stephen J., "The Origins and Development of the Fabian Society, 1884-1900" (1986). Dissertations. 2491. https://ecommons.luc.edu/luc_diss/2491 This Dissertation is brought to you for free and open access by the Theses and Dissertations at Loyola eCommons. It has been accepted for inclusion in Dissertations by an authorized administrator of Loyola eCommons. For more information, please contact [email protected]. This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License. Copyright © 1986 Stephen J. O'Neil /11/ THE ORIGINS AND DEVELOPMENT OF THE FABIAN SOCIETY, 1884-1900 by Stephen J. O'Neil A Dissertation Submitted to the Faculty of the Graduate School of Loyola University of Chicago in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy August 1986 ACKNOWLEDGEMENTS This work is the product of research over several years' span. Therefore, while I am endebted to many parties my first debt of thanks must be to my advisor Dr. Jo Hays of the Department of History, Loyola University of Chicago; for without his continuing advice and assistance over these years, this project would never have been completed. I am also grateful to Professors Walker and Gutek of Loyola who, as members of my dissertation committee, have also provided many sug gestions and continual encouraqement in completing this project. -
Sharecropping, Land Exploitation and Land Improving Investments
Sharecropping, Land Exploitation and Land Improving Investments Tridip Ray ∗ This version: June 2004 Abstract This paper analyzes the tenancy problem in a dynamic set-up and addresses two long-standing issues of inefficiency and lack of investment. It considers the problems that the tenant, with a shorter-term interest in the farm than the landlord, might overexploit the land to maximize immediate returns even at the cost of future dam- ages, and might under-supply long-run productivity improving investments in land. The paper shows that the efficient (first-best) levels of input use and investment can be achieved (both in the steady state and in transition) by a suitable share contract which by dampening incentives to maximize current returns addresses the land exploitation problem, and by an appropriate cost allocation rule which can address the investment problem. Key Words: Share contract, Land exploitation, Land quality dynamics, Alloca- tion rule, Accounting income. JEL Classification: D23, D80, O12, Q15. ∗ Department of Economics, Hong Kong University of Science & Technology, Clear Water Bay, Kowloon, Hong Kong. Tel: (852)2358-7625, Fax: (852)2358-2084, E-Mail: [email protected]. An earlier draft of this paper comprised a chapter of my doctoral dissertation at Cornell University, and I am in- debted to Tapan Mitra, Kaushik Basu and David Easley for their advice and support throughout the work. Thanks are also due to Maitreesh Ghatak, Benjamin Hermalin, Hodaka Morita, Ted O’Donoghue, Debraj Ray, Gerhard Sorger, Susheng Wang and the seminar participants at Cornell, Hong Kong Univer- sity of Science & Technology, University of North Carolina at Chapel Hill, the Midwest Economic Theory Meetings (Michigan, Ann Arbor) and the Northeast Universities Development Consortium Conference (Yale) for helpful comments and discussions. -
Property Rights and Economic Development
Provided for non-commercial research and educational use only. Not for reproduction, distribution or commercial use. This chapter was originally published in the book Handbook of Development Economics, Vol. 5, published by Elsevier, and the attached copy is provided by Elsevier for the author's benefit and for the benefit of the author's institution, for non- commercial research and educational use including without limitation use in instruction at your institution, sending it to specific colleagues who know you, and providing a copy to your institution’s administrator. All other uses, reproduction and distribution, including without limitation commercial reprints, selling or licensing copies or access, or posting on open internet sites, your personal or institution’s website or repository, are prohibited. For exceptions, permission may be sought for such use through Elsevier's permissions site at: http://www.elsevier.com/locate/permissionusematerial From: Timothy Besley and Maitreesh Ghatak, Property Rights and Economic Development. In Dani Rodrik and Mark Rosenzweig, editors: Handbook of Development Economics, Vol. 5, The Netherlands: North-Holland, 2010, pp. 4525-4595. ISBN: 978-0-444-52944-2 © Copyright 2010 Elsevier BV. North-Holland Author's personal copy CHAPTER6868 Property Rights and Economic Developmentà Timothy Besley and Maitreesh Ghatak Department of Economics, R532, London School of Economics, Houghton Street, London WC2A 2AE, United Kingdom Contents 1. Introduction 4526 2. Resource Allocation and Property Rights 4528 2.1 The role of property rights in limiting expropriation 4529 2.2 Insecure property rights as a barrier to trade 4534 2.3 Optimal assignment of property rights 4545 2.4 Evidence 4552 3.