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Central Bankers under Siege

As Chairman of the United States Federal Reserve Board, he has gone further than any other central banker in recent times in attempting to stimulate the economy through monetary policy. ... He has adopted innovative new methods of monetary easing. Again and again, he has repeated that, so long as inflationary pressure remains contained, his main concern is the high level of US unemployment. ... Raghuram Rajan is a professor of finance at the University of Chicago's Booth School of Business.

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The Trouble with Libertarian Paternalism

A clear example is financial regulation, which in many ways is a form of paternalism. In the US, the low risk assigned to senior tranches of mortgage-backed securities made them attractive instruments for banks to hold, given the relatively high return they offered. ... Other examples of the danger of the coordinating power of government paternalism abound. ... Raghuram Rajan, a former chief economist of the IMF, is Professor of Finance at the University of Chicago's Booth School of Business and...

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The Greek Tragedy, Act II

CHICAGO - A Greek tragedy is typically composed of three acts. ... For current-day Greece, the imposition of voluntary losses on the country's private creditors represents just the end of the beginning. ... On the face of it, the voluntary arrangement with creditors might appear to have been a big success. ... Luigi Zingales is Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business and author of the forthcoming book A Capitalism for the People.

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Democratic Inequality

Two of my colleagues at the University of Chicago, Marianne Bertrand and Adair Morse, offer an intriguing answer: growing income inequality. Bertrand and Morse find that in the years before the crisis, in areas (usually states) where consumption was high among households in the top fifth of the income distribution, household consumption was high at lower income levels as well. After ruling out a number of possible explanations, they concluded that poorer households imitated the consumption...

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A caccia dei nuovi de' Medici

Qualche anno fa č stata inaugurata la nuova Business School dell'Universitā di Chicago, denominata Booth School of Business in onore di David Booth, che ha donato 300 milioni di dollari per la creazione del nuovo magnifico edificio ispirato alla... Uno di noi ebbe l'opportunitā di ascoltare direttamente dalle sue parole, in un discorso non di circostanza, la motivazione di David Booth: riconoscenza verso l'Universitā alla quale doveva le sue fortune. ...lo spirito di Booth e Stanford.

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A Londra il cestino dei rifiuti che aggiorna sull'andamento dei mercati

E' il dispositivo messo a punto da Chris O'Connor, laureatosi della Chicago Booth School of Business (Londra) e ceo di Renew Solution.

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Central Bankers in the Line of Fire

CHICAGO - Central bankers should not only be above suspicion of wrongdoing, but also appear to be above it. ... In an unprecedented attack, Switzerland's major business magazine Bilanz accused him of having an unsteady hand on the central bank's rudder. ... Luigi Zingales is Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business and author of the forthcoming book A Capitalism for the People.

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