Elections, Policymaking, And Economic Uncertainty

Tuesday, September 13, 2016
Hoover Institution, Washington DC
US Ballot Box Image

The Hoover Institution hosted the "Elections, Policymaking, And Economic Uncertainty" on Tuesday, September 13, 2016 from 9:00am - 7:30pm. The event video is below.

The democratic decision-making process is often messy and fraught with uncertainty about outcomes and consequences. The current U.S. presidential election cycle underscores this fact. Other stark examples include the extended political deadlock in Spain after its recent national elections and the recent referendum on Brexit.

What are the political, economic, and social forces that give rise to episodes of heightened uncertainty about election outcomes and consequences? How do electoral arrangements and other institutions dampen or amplify the underlying sources of anxiety and uncertainty. What are the economic consequences of the uncertainties surrounding elections and other aspects of democratic decision-making?

To explore these and related questions, the University of Chicago's Becker Friedman Institute and Stanford University's Hoover Institution hosted this one-day conference, concluding with a panel of distinguished speakers.


Agenda: TuesDAY, September 13
Time Content Presenters Discussant / MODERATOR
9:00 AM - 9:45 AM Continental Breakfast -- --
10:00 AM - 11:00 AM Economic Policy Uncertainty and the Credit Channel:
Aggregate and Bank Level US Evidence over Several Decades

Presentation Slides
Michael Bordo; Rutgers University
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Discussant: Charles Calomiris
Moderator: Lars Peter Hansen; University of Chicago
11:00 AM - 11:15 AM Break -- --
11:15 AM - 12:15 PM Going to Extremes:
Politics after Financial Crisis, 1870-2014

Presentation Slides
Moritz Schularick; University of Bonn
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Discussant: Jesús Fernández-Villaverde
Moderator: Lars Peter Hansen; University of Chicago
12:15 Pm - 1:30 PM Lunch -- --
1:30 PM - 2:30 PM Institutions, Volatility and Growth

Presentation Slides
Hannes Mueller; Institute of Economic Analysis
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Discussant: Youngsuk Yook; Board of Governors of the Federal Reserve System
Moderator: Steven J. Davis; University of Chicago Booth School of Business
2:30 PM - 2:45 PM Break -- --
2:45 PM - 3:45 PM Managing Political Risk

Presentation Slides
Tarek Hassan; University of Chicago Booth School of Business
Presentation Slides
Discussant: Scott R. Baker
Moderator: Steven J. Davis; University of Chicago Booth School of Business
3:45 PM - 4:45 PM Importing Political Polarization?
The Electoral Consequences of Rising Trade Exposure

Presentation Slides
Kaveh Majlesi; Lund University
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Discussant: Nolan McCarty
Moderator: Steven J. Davis; University of Chicago Booth School of Business
5:00 PM - 5:30 PM Reception -- --
5:30 PM - 7:00 PM Closing Panel
Uncertainty in Regulatory, Fiscal and Monetary Policy
Panel Discussion Moderator: John Taylor; Hoover Institution, Stanford University

Steven Davis; The University of Chicago Booth School of Business
Christopher DeMuth; Hudson Institute
Alan Greenspan; Greenspan Associates
7:00 PM - 7:30 PM Reception --  

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