Myron Scholes
Global Markets Forum

May 2, 2012, 5:30 PM - 7:00 PM

The Challenge of Stabilizing Federal Debt

Achieving a sustainable federal budget will require the United States to deviate from the policies of the past several decades in at least one of the following ways: raise federal revenues significantly above their average share of GDP, make major changes to the sorts of benefits provided for Americans when they become older, or substantially reduce the role of the rest of the federal government relative to the size of the economy.

Douglas Elmendorf is the director of the Congressional Budget Office.

This event was part of the Initiative on Global Markets (IGM) and was generously sponored by Myron Scholes.

The IGM also receives financial support from our corporate partner, AQR Capital Management.

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Douglas Elmendorf

Director of the Congressional Budget Office

John Ettelson, Sunil Kumar and Matt Gentzkow

 

John Cochrane

AQR Capital Management Distinguished Service Professor of Finance

Matt Gentzkow

Professor of Economics and Neubauer Family Faculty Fellow

Anil Kashyap

Edward Eagle Brown Professor of Finance and Economics

Professors Cynthia Wu and Kinda Hachem

 

Douglas Elmendorf

Director of the Congressional Budget Office

The presentation was on The Challenge of Stabilizing Federal Debt

 

Where

Gleacher Center
University of Chicago Booth School of Business
450 North Cityfront Plaza Drive, Room 621
Chicago, Illinois 60611

Registration

Online registration closed.  You may still register at the door and pay with cash or check. 

Questions

Jennifer Williams
773.702.6324

Speaker Profiles

Douglas Elmendorf is the eighth director of Congressional Budget Office (CBO). Before he came to CBO in January 2009, he was a senior fellow in the Economic Studies program at the Brookings Institution. As the Edward M. Bernstein Scholar, he served as coeditor of the Brookings Papers on Economic Activity and the director of the Hamilton Project, an initiative to promote broadly shared economic growth.

Doug Elmendorf was previously an assistant professor at Harvard University, a principal analyst at the Congressional Budget Office, a senior economist at the White House's Council of Economic Advisers, a deputy assistant secretary for economic policy at the Treasury Department, and an assistant director of the Division of Research and Statistics at the Federal Reserve Board. In those positions, he worked on budget policy, Social Security, Medicare, national health care reform, financial markets, macroeconomic analysis and forecasting, and other topics.

He earned his Ph.D. and A.M. in economics from Harvard University, where he was a National Science Foundation graduate fellow, and his A.B. summa cum laude from Princeton University.


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