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Austan Goolsbee, president of the Federal Reserve Bank of Chicago, is less reserved than the average banker. He explains why vibes are overrated, why the Fed's independence is non-negotiable, and why tariffs could bring the economy back to the Covid era. SOURCES:Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago. RESOURCES:"Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," by Austan Goolsbee and Peter Klenow (American Economic Association Papers and Proceedings, 2018).Microeconomics, by Austan Goolsbee, Steven Levitt, and Chad Syverson (2012)."Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry," by Jeffrey Brown and Austan Goolsbee (Journal of Political Economy, 2002).Survey of Consumers (University of Michigan).Adobe Digital Price Index. EXTRAS:"Was Austan Goolsbee's First Visit to the Oval Office Almost His Last?" by People I (Mostly) Admire (2022)."Is $2 Trillion the Right Medicine for a Sick Economy?" by Freakonomics Radio (2020)."Fed Up," by Freakonomics Radio (2019)."Why the Trump Tax Cuts Are Terrible/Awesome (Part 2)" by Freakonomics Radio (2018)."Ben Bernanke Gives Himself a Grade," by Freakonomics Radio (2015)."Should the U.S. Merge With Mexico?" by Freakonomics Radio (2014).
Their trade organization just lost a huge lawsuit. Their infamous commission model is under attack. And there are way too many of them. If they go the way of travel agents, will we miss them when they're gone? SOURCES:Sonia Gilbukh, assistant professor of real estate at CUNY Baruch College.Kevin Sears, 2025 president of the National Association of Realtors.Chad Syverson, professor of economics at the University of Chicago.Lawrence Yun, chief economist for the National Association of Realtors. RESOURCES:"Heterogeneous Real Estate Agents and the Housing Cycle," by Sonia Gilbukh and Paul Goldsmith-Pinkham (NBER Working Paper, 2024)."Real Estate Commissions and Homebuying," by Borys Grochulski and Zhu Wang (Federal Reserve Bank of Richmond Working Paper, 2024)."The Relationship Between Home Prices and Real Estate Commission Rates: Implications for Consumers and Public Policy," by Stephen Brobeck (Consumer Federation of America, 2022)."The Relationship of Residential Real Estate Commission Rate to Industry Structure and Culture," by Stephen Brobeck (Consumer Federation of America, 2021)."Competition in the Real Estate Brokerage Industry: A Critical Review," by Panle Jia Barwick and Maisy Wong (Economic Studies at Brookings, 2019)."Hidden Real Estate Commissions: Consumer Costs and Improved Transparency," by Stephen Brobeck (Consumer Federation of America, 2019)."Market Distortions when Agents are Better Informed: The Value of Information in Real Estate Transactions," by Steven D. Levitt and Chad Syverson (NBER Working Paper, 2005).The Residential Real Estate Brokerage Industry, staff report by the Los Angeles Regional Office of the Federal Trade Commission (1983).
Co decyduje o tym, jak się nam żyje? Czym jest dobrobyt i jak go mierzymy? Czy jakość powietrza i ochrony zdrowia mają znaczenie? Co dobrobyt ma wspólnego z produktywnością? Dlaczego Niemcy są bardziej produktywne od Polski? Czy rządy prawa robią różnicę? Czy podwyżka płacy minimalnej może coś zmienić? Dlaczego bankructw firm powinno być jak najwięcej? Oraz jakie jest najbardziej produktywne miejsce na świecie? O to wszystko pytamy ekonomistę Marka Ignaszaka. Zapraszają: Piotr Żoch & Jakub Bodziony (Kultura Liberalna).
The first machine age was about mechanical machines. We now live in a time of thinking machines. Erik Brynjolfsson joins Vasant Dhar in episode 18 of Brave New World to talk about the impact of AI on productivity and inequality -- and to explain why he remains optimistic about the prospects for humans in the AI era. Useful resources: 1. The Second Machine Age -- Erik Brynjolfsson and Andrew McAfee. 2. Erik Brynjolfsson's website, SSRN page and Google Scholar page. 3. The coming productivity boom -- Erik Brynjolfsson and Georgios Petropoulos 4. Artificial Intelligence and the Modern Productivity Paradox -- Erik Brynjolfsson, Daniel Rock & Chad Syverson. 5. The Productivity J-Curve: How Intangibles Complement General Purpose Technologies -- Erik Brynjolfsson, Daniel Rock and Chad Syverson. 6. How Should We Measure the Digital Economy? -- Erik Brynjolfsson and Avinash Collis. 7. GDP-B: Accounting for the Value of New and Free Goods in the Digital Economy -- Erik Brynjolfsson, Avinash Collis, W. Erwin Diewert, Felix Eggers & Kevin J. Fox. 8. Digital Capital and Superstar Firms -- Prasanna Tambe, Lorin Hitt, Daniel Rock & Erik Brynjolfsson. 9. Artificial Intelligence and the Future of Work -- Congressional Testimony of Erik Brynjolfsson (September 24, 2019). 10. Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis -- Meng Liu, Erik Brynjolfsson and Jason Dowlatabadi. 11. Does Machine Translation Affect International Trade? -- Erik Brynjolfsson, Xiang Hui & Meng Liu. 12. The Economics of Superstars -- Sherwin Rosen. 13. General Purpose Technologies "Engines of Growth?" -- Timothy F. Bresnahan & Manuel Trajtenberg. 14. Deaths of Despair and the Future of Capitalism -- Anne Case and Angus Deaton. 15. Economic Possibilities for Our Grandchildren -- John Maynard Keynes. 16. Understanding QE in the New World -- Episode 10 of Brave New World (w Paul Sheard). 17. The Nature of Intelligence -- Episode 7 of Brave New World (w Yann LeCun). 18. Uplift the Unremarkables -- Episode 2 of Brave New World (w Scott Galloway).
Hosts: Larry Bernstein and Todd Benson. Guests include Edward Luttwak, Rick Hanushek, Gregory Koger, Rishad Tobaccowala, Terry Kawaja, and Chad Syverson
Caleb Watney is the director of innovation policy at the Progressive Policy Institute (PPI) and he joins Macro Musings to talk about his recent piece, *Cracks in the Great Stagnation* and the reasons why we should all be techno-optimists. Specifically, David and Caleb discuss greater skilled immigration, further government R&D spending, innovative energy solutions, and more as ways to help repair an economy plagued by secular stagnation. Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings Caleb’s Twitter: @calebwatney Caleb’s PPI profile: https://www.progressivepolicy.org/people/caleb-watney/ Related Links: *Cracks in the Great Stagnation* Caleb Watney https://www.agglomerations.tech/cracks-in-the-great-stagnation/ *The Egghead Gap* by Caleb Watney https://www.thenewatlantis.com/publications/the-egghead-gap *Are Ideas Getting Harder to Find?* by Nicholas Bloom, Charles Jones, John Van Reenen, and Michael Webb https://www.aeaweb.org/articles?id=10.1257/aer.20180338 *Is the Rate of Scientific Progress Slowing Down?* by Tyler Cowen and Ben Southwood https://docs.google.com/document/d/1cEBsj18Y4NnVx5Qdu43cKEHMaVBODTTyfHBa8GIRSec/edit *The Productivity J-Curve: How Intangibles Complement General Purpose Technologies* by Erik Brynjolfsson, Daniel Rock, and Chad Syverson https://www.nber.org/system/files/working_papers/w25148/w25148.pdf David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth
The expanding market influence of tech companies has sparked new fear of an old economic problem – monopoly power. In this episode, Eric Posner and Chad Syverson discuss whether these corporate giants pose potential risks to the world economy. How urgent is the problem? Is there a policy solution?
Is government policy driving consumer behavior or fear of infection? Austan Goolsbee and Chad Syverson share new research exploring this question, and why it matters for economic policy design. See omnystudio.com/listener for privacy information.
WGuest speakers include Lisa Damour, Jacob Appel, Richard De Veaux, Kenneth Rogoff, Willem Buiter, Chad Syverson, Joel Kotkin, Angela Stent, Dan Diehl, and Steve Adler.
Chad Syverson explores how the COVID-19 pandemic will affect America's capacity for economic growth, in both the short- and long-term. The post https://www.aei.org/multimedia/chad-syverson-the-covid-crisis-and-economic-growth/ (Chad Syverson: The COVID crisis and economic growth) appeared first on https://www.aei.org (American Enterprise Institute - AEI).
How will the economy change as a result of the COVID-19 pandemic? Will we see a crippling decline in productivity growth? Will our embrace of digital technology yield benefits? And will the post-pandemic economy be defined more by a redoubled commitment to innovation or by increased risk-aversion? On today’s episode of Political Economy, I explore these questions with Chad […]Join the conversation and comment on this podcast episode: https://ricochet.com/podcast/political-economy-james-pethokoukis/chad-syverson-the-covid-crisis-and-economic-growth/.Now become a Ricochet member for only $5.00 a month! Join and see what you’ve been missing: https://ricochet.com/membership/.Subscribe to Political Economy with James Pethokoukis in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.
NYU professor of economics Michael Spence says sole reliance on monetary policy won't work. Former President of the Federal Reserve Bank of Philadelphia Charles Plosser says the Fed faces troubling credibility problems on interest rates. University of Chicago Booth School of Business professor of economics Chad Syverson weighs in on the productivity slowdown in the U.S. Ford Motor CEO Mark Fields says Ford is exploring more mobility services to compete with Uber and Tesla. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
NYU professor of economics Michael Spence says sole reliance on monetary policy won't work. Former President of the Federal Reserve Bank of Philadelphia Charles Plosser says the Fed faces troubling credibility problems on interest rates. University of Chicago Booth School of Business professor of economics Chad Syverson weighs in on the productivity slowdown in the U.S. Ford Motor CEO Mark Fields says Ford is exploring more mobility services to compete with Uber and Tesla.
In this episode, Murphy gets concrete with Chad Syverson, the J. Baum Harris Professor of Economics at Chicago Booth, about how his engineering background influences his approach to economics, understanding the drivers of productivity, how it is measured, and what can be gleaned from past growth trends in predicting what may come.
Citi's Anthony Yuen says that storage constraints dictate natural gas prices. University of Chicago Booth School's Chad Syverson discusses America's productivity problem. BMO's Russ Visch says that commodities may be entering a cyclical bull market. They join Tom Keene and Michael McKee on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Chad Syverson, Professor of Economics at the University of Chicago Booth School of Business, speaks about research recently published by him and Ali Hortaçsu - "Strategic Links: Why Firms Own Production Chains
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Chad Syverson, Professor of Economics at the University of Chicago Booth School of Business, speaks about research recently published by him and Ali Hortaçsu - "Strategic Links: Why Firms Own Production Chains
University of Chicago Booth School of Business Podcast Series
There's nothing like a little competition to suddenly boost productivity. Competition forced miners to double the amount of iron ore they dug per hour, as told in one case study. In another, competition forced concrete companies to become more efficient or go under, said Chad Syverson, associate professor of economics at the University of Chicago and a productivity specialist. Syverson spoke to students and faculty at a Brown Bag lunch lecture hosted by The Becker Center of Chicago Price Theory and sponsored by Vishal Verma, '07 (XP-76), May 10 at the Charles M. Harper Center.