Becker Friedman Institute Annual Report 2013-14
Transcript of Becker Friedman Institute Annual Report 2013-14
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 1/24
Research. Insights. Impact.
The Becker Friedman Institute
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 2/24
2 H I G H L I G H T S
4 V I S I T I N G S C H O L A R S
6 C O N F E R E N C E S
8 S T U D E N T S
1 0 O U R N E W H O M E
1 2 R E S E A R C H I N I T I AT I V E S
1 4 O U T R E A C H
17 F I N A N C I A L S
1 8 H O N O R R O L L
1 9 L E A D E R S H I P Undergraduates at aFriedman Forum talk
Conference honoree
Finis Welch
Gary S. Becker,
1930–2014
Anil Kashyap of the Macro Financial
Modeling Group
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 3/24
At the Becker Friedman Institute for Research in Economics, 2013–14 was
a vibrant year of expanding inquiry and impact. With a record 52 events that
attracted a total of nearly 3,390 researchers, faculty, students, alumni, and
economics enthusiasts, we have explored critical questions and knowledge gaps,
nurtured new collaborations, and shared economic insights with new audiences.
I’m particularly proud of how our research initiatives and visitor programs
have expanded to engage students. In a lecture series especially for graduate
students, several of our visiting scholars gave advanced lectures on specialized
topics, broadening the landscape of learning opportunities.
Through our initiatives, we’re also providing doctoral students with dissertation
support and opportunities for them to present their work and get feedback
from a wider circle of experts. In this way we are generating new work from
creative young minds.
This memorable year that began with a celebration of my Nobel Prize ends
with us mourning the death of institute chair Gary S. Becker, AM’53, PhD’55.
For me, Gary personified UChicago economics, and he championed this
institute as means of strengthening that intellectual tradition. We all are grateful
for his wisdom and support, and miss him deeply.
Despite our loss, the institute’s future is bright. We have just moved into our
new quarters in the Saieh Hall for Economics at 5757 South University Avenue.
Designed to accommodate our visiting scholars, student activities, research,
and collaboration, our new home will transform the institute into a true
intellectual destination for economic inquiry.
Lars Peter Hansen
Director and Co-chair
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 4/24
2 | The University of Chicago
2013–14 Highlights
32What is the price of investor uncertainty in terms of
stalled economic growth? This year the Becker Friedman
Institute launched a project exploring that essential
question. A generous grant from the John D. and Catherine T.
MacArthur Foundation helps us build on innovative research
and share findings widely in the policy community.
10 26 13Visiting scholars Research
conferences
Student events Outreach events
Steven J. Davis
Ta-Chung Liu Distinguished
Visitor Robert Engle
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 5/24
Becker Friedman Institute | 3
3,390 Total audience engagement
Among 32 visiting scholars, the institute wel-
comed Nobel laureate Robert Engle as the
inaugural Ta-Chung Liu Distinguished Visitor.
A famed econometrician, Ta-Chung Liu was
known for blending theory and fresh data
sources in his pragmatic approach to building
models. The visitorship supports scholars—
like Engle, Liu’s former student—who work
in this vein. Ernest and Joan Liu created the
named post to honor his father.
A highlight among our 26 programs for stu-
dents was a panel discussion organized by and
for undergraduates. The event showed that eco-
nomic analysis can transcend partisan politics.
The panel featured Martin Feldstein and Martin
Baily, who headed the Council of Economic
Advisers under Reagan and Clinton respectively.
Questioned about a range of current economic
issues by student moderator Chris Denning,
their views turned out to be remarkably similar.
Student talk with Martin Feldstein
and Martin Baily
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 6/24
Visiting Scholars
2013–14
Eduardo Azevedo
University of Pennsylvania
international and monetary
economics
Efraim Benmelech
Northwestern University
corporate finance,
contracts, and bankruptcy
Stéphane Bonhomme
University of Chicago
microeconomics and labor
economics
Thomas Chaney
Toulouse School of
Economics
international trade theory
Robert Engle
New York University,
Ta-Chung Liu
Distinguished Visitor
time-series analysis and
financial markets
Michael Fabinger
Pennsylvania State
University
international and public
economics
Robert Gibbons
Massachusetts Institute
of Technology
organizational economic s
Avner Greif
Stanford University
economic history and
institutional economics
John Hatfield
Stanford University
contracts, competition,
and strategy
Michael Keane
Oxford University
behavioral economics and
econometrics
John Kennan
University of Wisconsin—
Madison
microeconomic theory and
labor economics
Phillipp Kircher
London School of
Economics
international and public
economics
Pablo Kurlat
Stanford University
liquidity, information, and
financial markets
David Lagakos
Arizona State University
macroeconomics and
growth theory
4 | The University of Chicago
VISITING SCHOLARS
Fresh Perspectives
Robert Gibbons introduced students to the emerging
field of organizational economics. Sir John Vickers gave
a public talk on banking reform in Britain. George Tavlas
of the Bank of Greece gave undergraduates a personal
and detailed overview on the sovereign debt crisis. Our
visitors gave student lectures, presented at workshops andconferences, or gave public talks.
These reflect a few of the many ways our 32 visiting
scholars enriched the UChicago economics community
with fresh perspectives and expertise.
6conference
presentations
33workshop or
seminar talks
11student
lectures
Visitor activities
2public
talks
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 7/24
Ulrike Malmendier
University of California,
Berkeley
Hodson Thornber Fellow
corporate and behavioral
finance
Petra Moser
Stanford University
economics of innovation
Nick Netzer
University of Zurich
behavioral aspects in
mechanism design theory
Maurice Obstfeld
University of California,
Berkeley
international and monetary
economics
Harry Paarsch
University of Melbourne
applied econometrics
Dimitri Papanikolaou
Northwestern University
asset pricing and
macroeconomics
Parag Pathak
Massachusetts Institute
of Technology
market design in school
choice
Jose Luis Peydro
Pompeu Fabra University
systemic risk and central
bank policies
Hélène Rey
London Business School
trade, fiscal imbalance and
financial crises
Esteban Rossi-Hansberg
Princeton University
international trade and
urban economics
Konstantin Sonin
New Economic School
(Moscow)
development and political
economics
Holger Spamann
Harvard University
corporate finance; law and
economics
Tomasz Strzalecki
Harvard University
decision theory, ambiguity
aversion
George Tavlas
Bank of Greece
monetary policy and
monetary unions
John Vickers
Oxford University
economics of competition
and regulation
Becker Friedman Institute | 5
Distinguished
Research Fellows
Pierre-André Chiappori
Columbia University
household behavior, risk,
insurance, contract theory
Thomas J. Sargent
New York University
monetary and fiscal
economics
Robert M. Townsend
Massachusetts Institute
of Technology
development economics
Distinguished Fellow
Pierre-André Chiappori
George Tavlas Maurice Obstfeld
Thornber Fellow
Ulrike Malemendier
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 8/24
6 | The University of Chicago
From tax policy to changing media and communications
markets, topical research conferences and workshops
brought evidence to bear on current economic issues,
unanswered questions, and emerging trends.
RESEARCH CONFERENCES
Advancing Economic Research
f The Empirical Foundations of
Supply-Side Economics conference
demonstrated the institute’s
unique strengths: it presented the
best available evidence on how
taxes impact individual and
corporate economic decisions,
providing a factual basis for tax
policy discussions. It highlighted
micro-and macroeconomic
perspectives and brought together
experts from different disciplines
and policy roles to discuss the
implications.
f The Monetary and Fiscal History
of Latin America conference
was a key part of a long-term
historical research project. Teams
of researchers are comparing
economic data and policies across
the crisis-prone region to learn why
its growth lagged well behind much
of the rest of the world. The project
relies on such conferences to review
data and calibrate the models used
to analyze it.
Richard Blundell
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 9/24
Becker Friedman Institute | 7
10conferences
186presenters
713total attendees
Research Conferences
2013–14
Networks in Macroeconomics
and Finance*
The Empirical Foundations
of Supply Side Economics *
Macro Financial Modeling
and Macroeconomic Fragility*
(Boston)
Science of Philanthropy*
Conference on Empirical
Labor Economics in Honor
of Finis Welch
The Monetary and Fiscal
History of Latin America*
Macroeconomic Fragility*
Economics of Mediaand Communications
Workshop on Risk and Family
Economics* (London)
Macro Financial Modeling*
(New York)
*starred conferences are part of our
multiyear research initiatives.
Veronica Guerrieri
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 10/24
The institute made it a priority to bring learning
opportunities to students at all levels, from new under-
graduates to doctoral candidates completing their
dissertations.
8 | The University of Chicago
STUDENT EVENTS
Preparing Tomorrow’s Economists:
Student Programming
Research Experience for
Undergraduates
This summer program gives
budding economists a
broader research perspectiveand enhanced analytic skills.
June 26–July 12, 2013
June 23–July 3, 2014
Friedman Forum Lectures
This series for undergraduates
offers informal access
to leading researchers and
Nobel laureates
The Euro Crisis
Pierre-André Chiappori
On Moral Hazard and
Macroeconomics
Roger Myerson
Financial Globalization and
Financial Crises
Maurice Obstfeld
Other Undergraduate Events
Students planned, promoted,
and presented a discus-
sion with top economic
policymakers.
Views from White House
Economists
China and the World
Yao Yang keynote address
Becker Brown Bag talks
for MBA students
Top faculty share emerging
research with MBA students
in this popular series.
Regulating Consumer
Financial Products:
Evidence from Credit Cards
Neal Mahoney, University
of Chicago Booth School
of Business
Perspectives on Greece
George Tavlas, Bank of Greece
Asset Pricing and Sports
Betting
Tobias Moskowitz, Chicago
Booth
Becker Brown Bag Undergraduate Awards
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 11/24
Becker Friedman Institute | 9
18graduate
student events
921estimated
attendance
8undergraduate
events
566estimated
attendance
Monitoring Risk with V-LAB
Robert Engle, Ta-Chung Liu
Distinguished Visitor, New
York University
The High-Frequency Trading
Arms Race
Eric Budish, Chicago Booth
Graduate Student
Lecture Series
Students gained access to a
broader range of expertise at
lectures by institute visitors
Economic Applications of
Modern Numerical Methods
Gregor Reich, Karl Schmedders,
Simon Scheidegger, and
Ole Wilms, University of Zurich;
Victor Zhorin, UChicago
Three ‘Biased’ Lectures on
Economic Models of Internal
Organization: Pricing, Politics,
and Path Dependence
Robert Gibbons,Massachusetts Institute of
Technology
Computational Economics:
Practical Tools and
Techniques
Victor Zhorin, UChicago
Structural GARCH:
The Volatility-Leverage
Connection
Robert Engle, New York
University
Segregated Security
Exchanges with Ex Ante
Rights to Trade
Robert Townsend, MIT
Internal and International
Migration: Models and
Empirics
John Kennan, University
of Wisconsin—Madison
Trilemmas and Tradeoffs
Maurice Obstfeld, University
of California, Berkeley
Friedman Forum Research Experience for Undergraduates
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 12/24
10 | The University of Chicago
OUR NEW HOME
Saieh Hall
for Economics
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 13/24
Becker Friedman Institute | 11
With 150,000 square feet of new and beautifully
renovated space, Saieh Hall offers additional
classroom and seminar space for the institute’s
conferences and workshops. Offices for visitors
near the Department of Economics allow
impromptu exchances and easy collaboration,
making the institute a true intellectual
destination.
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 14/24
12 | The University of Chicago
RESEARCH INITIATIVES
Supporting Innovative Inquiry
Emerging new initiatives are exploring topics like the
price of policy uncertainty, industrial organization,
and the economics of health care markets, while
existing projects engage faculty and young scholars
from around the world.
7topical
initiatives
91papers
presented
480conference
participants
James Heckman
i The Human Capital and Economic
Opportunity Global Working Group is
becoming part of the new Center for the
Economics of Human Development, directed
by James Heckman.
f More than a dozen doctoral students received
dissertation support from the Macro Financial
Modeling and Systemic Risk initiative, supporting
innovative new work on the topic. The project is
working to develop macroeconomic models with
enhanced linkages to the financial sector, with the
aim of providing better policy tools for managing
systemic risk.
Fiscal Studies: The Facts About Taxes
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 15/24
f The Experimental Economics
Initiative is yielding evidence
on effective approaches in
early childhood education and
philanthropy. One project tests
interventions with students,
teachers, and families in
Chicago Heights schools to see
which methods boost student
achievement.
Harald Uhlig
Initiatives 2013–14
The institute supported research
activity exploring key questions
in these areas in 2013–14.
Economics of the Family
Fiscal Studies
Human Capital and Economic
Opportunity
Industrial Organization
Macroeconomic Modeling
and Systemic Risk
Policy Uncertainty
Andrew and Betsy Rosenfield
Program
• Experimental Economics
• Law and Economics
• Price Theory
Macro Financial Modeling Group members
with students receiving dissertation support
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 16/24
14 | The University of Chicago
The institute shared Chicago-style economic analysis at
breakfasts, informal talks and receptions, panel discussions,
and workshops. These events engaged attendees in
discussions of some of our greatest economic and policy
challenges
OUTREACH EVENTS
Sharing Economic Knowledge
Outreach 2013–14
Economics Over Easy: Breakfast with
Lars Peter Hansen (New York)
Addressing the Euro Crisis: Workshop
with Fernando Alvarez and Tano Santos
(New York)
The Future of US Economic Policy:
Conversation with Gary S. Becker and
Edward Lazear (Washington DC)
Banking Reform in Britain and Europe
with Sir John Vickers
Economics and Music with Lars Peter Hansen
The Future of the Euro: Conversation with
Luigi Zingales
Regulation, Risk, and the Affordable Care Act:
Conversation with Pierre-André Chiappori
The Consequences of Uncertainty with Lars
Peter Hansen talk (London, Hong Kong)
Lars Hansen
in London
William Nordhaus on
Climate Change
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 17/24
Becker Friedman Institute | 15
14events
900+attendees
i Visiting Scholar Sir John Vickers
gave a public talk on post-crisis
banking reform in Britain.
The Economics of Climate Change:
Conversation with William Nordhaus
Scheinkman on Bubbles: Workshop with
José Scheinkman (New York)
From the Trading Floor to the Foreclosure
Next Door: Financial Markets andEconomic Performance panel discussion
(New York)
Uncommon Core: The Future of Economics
with Lars Peter Hansen
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 18/24
16 | The University of Chicago
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 19/24
Revenue
In thousands of dollars
Funding Source Budget
Unrestricted Support 1,000
Unrestricted Endowment Payout 536
Restricted Gifts and Grants 2,483
Restricted Endowment Payout 569
Total Current Year 4,588
Actual Expense
In thousands of dollars
Expense Area Amount
BFI Operations 1,368
Researcher Compensation 789
Conferences & Research Support 882
Visitors 382
Total 3,421
Overall, the institute underspent funding by $1.167 million, but this was
almost exclusively from restricted sources. Unspent funding rolls over
into the next fiscal year.
Funding Allocation to Expense Areas
In thousands of dollars
Unrestricted Restricted
Expense Area Funding Funding
BFI Operations 1,114 254
Researcher Compensation 63 726
Conferences and Research Support 190 692
Visitors 167 214
Expense Total 1,534 1,886
Funding Available 1,536 3,052
Net Total 2 1,166
22%Unrestricted
Support
24%Endowment Payout
(unrestricted
and restricted)
54%Restricted Gifts
and Grants
40%BFI Operations
23%Researcher
Compensation
26%Conferences and
Research Support
11%Visitors
Becker Friedman Institute | 17
2013–14
Financials
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 20/24
18 | The University of Chicago
HONOR ROLL OF DONORS
Becker Friedman InstituteBenefactorsThe institute gratefully acknowledges the generosity of these donors who supported
economic inquiry in 2013–14.
$250,000+
Mrs. Anne Dias Griffin
Mr. Kenneth C. Griffin
Humana, Inc.
Ernest and Joan Liu Foundation
John D. and Catherine T.
MacArthur Foundation
$50,000+
The Chicago Community
FoundationMr. and Mrs. Claudio L. S. Haddad
Horizons Foundation
Mr. and Mrs. Michael L. Keiser
Searle Freedom Trust
Mr. and Mrs. Stuart B. Townsend
Townsend Family Foundation, Ltd.
Dr. Jane C.K. Chan and
Dr. Yue-Chim Richard Wong
$10,000+
Professor Gary S. Becker
Mrs. Guity Nashat BeckerMr. Neil Andrew Chriss and
Mrs. Natasha Herron
Mr. Jeffrey Robert Currie and
Ms. Alex Currie
Goldman Sachs & Company
Goldman Sachs Gives
Ms. Deborah Ziegler Hilibrand
and Mr. Lawrence Hilibrand
The Hilibrand Foundation
Mr. and Mrs. Edward P. Lazear
Mr. and Mrs. Michael D. Lockhart
Dr. Bernard E. Munk
Norfolk Southern Foundation
Ms. Lisa S. Rigsbee and
Mr. Stephen R. Rigsbee
Barbara and Barre Seid
Foundation
Mr. Barre Seid and Mrs. Barbara
Landis
Mr. David Adrian Sekiguchi
Ms. Grace Tsiang and Professor
Lars Peter Hansen
Vanguard Charitable Endowment
Yale University Donor Advised
Funds
$1,000+
Mr. Andrew William Alford and
Ms. Wei Jiang
Ms. Dora Luisa Costa and
Mr. Matthew Edwin Kahn
Mr. David Gerrard Dunn and
Ms. Tamara Dunietz
Mr. Pierre A. Ellis and
Ms. Amy F. Ellis
Mr. Indermit Singh Gill and
Harlivleen K. Gill
Dr. Ira Goldberg and Ms. Donna
Lingle
Professor John M. Hansen and
Ms. Dana Saowalak
Mr. and Mrs. Robert James Hodrick
Mr. Boyan Jovanovic
Mr. Malcolm S. Kamin and
Ms. Kay H. Kamin
Mr. Paul M. Mayfield and
Ms. Susan N. Mayfield
Mr. Frederic W. Morton, Jr.Mr. Eric Olson and Ms. Laura
Bermudez
Ana Lucia S. Pappas, M.D. and
Mr. Philip J. Pappas
Mr. Todd Eugene Petzel
The Sedoh Foundation
Dr. Sherman Shapiro and
Mrs. Ellen Shapiro
Ms. Alison J. Veres and
Mr. Charles Veres
Ms. Heather Lynn Wilhelm
Under $1,000
Mr. Ivan A. Adames
Dr. James Dutton Adams and
Dr. Jennifer Cobb Adams
Mr. Baird Smith Allis
Ms. Leslie Rene Armstrong
Ayco Charitable Foundation
Ms. Aasha Bharat Barot
Mr. Lawrence Scott Berlin
Mr. Jerry Bern and
Ms. Christine M. Bern
Dr. Mario A. Bianchet andDr. Margarita Faig
Mr. Paul Bloom and Ms. Polly J.
Lynam Bloom
Mr. Nicholas Wyeth Buchholz
Mr. and Mrs. Jack L. Carr
Ms. Laura Cervantes
Ms. Nga Chung Cheung
Mr. Hans Dieter Dramm andDr. Sarah June Keller
Ms. Samantha D. Edds
Mr. Michael E. Edleson
Mr. Yihan Fang
Dr. and Mrs. James M. Ferguson
Fidelity Charitable Gift Fund
Mr. Thomas J. Fojtik and
Ms. Susan M. Fojtik
Mr. Trevor S. Gallen
Mr. Roberto Santiago Garcia Verdu
Mr. Dushime K. Gashugi
Mr. Michael Halberstadt
Mr. Andrew Hanssen
Dr. and Mrs. Joseph N. Heiney
Mr. and Mrs. Russell J. Horn
Mr. Richard A. Hornbeck
Mr. He Huang and Ms. Rebecca H.
Li-Huang
Mr. Tom J. Janssens and
Dr. Jeanne-Mey Sun
Mr. Kevin F. Jiang
Mr. and Mrs. Benjamin Klein
Mr. and Mrs. Richard Charles Klein
Mr. Sathish Kodali
Mr. Rob E. Kolson
Mr. Apoorv Kumar
Mr. Bernard Lashinsky
Mr. Eddie Lee and Ms. Mae Lee
Marshall Pierce & Company
Mr. Jackson Martin
Continuing support for
research initiatives has been
generously provided by
Dr. Edward R. Allen III and
Dr. Chinhui Juhn
Mr. David Booth
CME Group Foundation
DRW Trading Group
HMRC Charities
Mr. James B. McWethy
The McWethy Foundation
Mr. Andrew M. Rosenfield and
Mrs. Betsy B. Rosenfield
Alfred P. Sloan Foundation
Solvalle LLP
John Templeton Foundation
Dr. Hodson Thornber and
Ms. Ludmila Thornber
Mr. Donald Ray Wilson Jr.
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 21/24
Becker Friedman Institute | 19
Current Leadership As of July 1 , 2014
Governing Committee
Eric D. Isaacs, Chair
Provost
Sunil Kumar
Dean, University of Chicago
Booth School of Business
Steven J. DavisDeputy Dean, Chicago Booth
Daniel Diermeier
Dean, Harris School
of Public Policy
John List
Chair, Department of
Economics
Michael Schill
Dean, Law School
David Nirenberg
Dean, Social Science
Division
Distinguished Advisory
Group
Pierre-André Chiappori
Columbia University
Edward P. Lazear
Stanford University Graduate
School of Business
Thomas J. Sargent
New York University
Robert M. Townsend
Massachusetts Institute
of Technology
Institute Research Council
Lars Peter Hansen, Chair
Becker Friedman Institute
Co-chair and Director
Eric D. Isaacs, ex officio
Kevin Murphy, ex officio
Fernando Alvarez
Department of Economics
Kerwin Charles
Harris School of Public
Policy
James J. Heckman
Department of Economics
Erik HurstChicago Booth
Anup Malani
Law School
Nancy Stokey
Department of Economics
Chad Syverson
Chicago Booth
Pietro Veronesi
Chicago Booth
Mr. Marcus A. Martin
Ms. Deborah Ann Mason
Mr. Andrew Mauck
Mr. Daniel C. McCartney
Mr. Charles P. McPherson
Dr. Ann-Marie Meulendyke
Mr. Christopher Andrew Miller
and Ms. Suzanne Denise Miller
Mr. Derik Frank Miller and
Kimberly Diane Miller
Mr. Ilya G. Minevich
Mr. Claude Montmarquette and
Ms. Francine Brodeur
Mr. Edward A. Morgan
Ms. Ngan Vu Trang Dinh
Mr. Ryan O’Hollaren
Mr. Christian Michael Origlio
Ms. Julia Y. Pei
Mr. Clayne Legrand Pope and
Carolyn M. Pope
Mr. Alberto Manuel Barqueiro
RamosMs. Diane D. Reynolds
Mr. Michael Roberts and
Ms. Agnese Roberts
Dr. David E. Runkle and
Ms. Patricia M. Runkle
Mr. Huber A. Salas
Mr. Jeffrey R. Seaver and
Ms. Jennifer Seaver
Mr. Benjamin Changwook Shim
Mr. Joshua Micheal Steinman
Mr. Paul Joseph Strigler
Mr. and Mrs. T. J. SullivanSusquehanna International
Group, LLP
Ms. Suchanan Tambunlertchai
and Mr. Federico Temerlin Soler
Mr. and Mrs. Charles Wagner
Mr. Christopher Allen Walker
Ms. Catherine Yu-Chie Wang
Mr. Kyle T. Wetzold
Mr. C.R. Wharton Jr. and Mrs.
Dolores D. Wharton
Ms. Anita Ka-Yin Yu
Ms. Abby M. Zarkin and Gary A.
Zarkin, PhD
Mr. and Mrs. Roberto Juan Zorgno
Every effort has been made to
recognize all 2013–14 donors correctly.
If you have questions or comments,
contact [email protected].
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 22/24 ©
C o p y r i g h t 2 0 1 4 T h e U n i v e r s i t y o
f C h i c a g o . P h o t o g r a p h y b y : P e t e J o n e s , L . B a
r r y H e t h e r i n g t o n , R o b K o z l o ff , T o m R o s s i t e r ,
J a s o n S m i t h , J o e S t e r b e n c
20 | The University of Chicago
Board of Overseers
From 2011 to 2014, this board
has played a leadership role
in building awareness of
and support for the Institute.
Membership comprises
leaders in the fields of
business, economics, law,
and public policy.
Edward Lazear, Chair
Jack Steele Parker Professor
of Human Resources
Management and Economics,
Stanford Graduate School
of Business
David BoothCo-CEO, Chairman, President,
and Founder, Dimensional
Fund Advisors;
Richard Elden
Founder, Lakeview Capital
Management LLC
Daniel R. Fischel
Chairman and President,
Compass Lexecon
Jacob Frenkel
Chairman, JP Morgan Chase
International
Ephraim Gildor
Cofounder, Axiom Investment
Advisors
Sanford Grossman
Chairman and Chief Executive
Officer, Q.F.S. Asset
Management
Claudio Haddad
President, Insper
Leo Melamed
Chairman and Chief Executive
Officer, Melamed and
Associates
Henry Paulson
Chairman, The Paulson
Institute
Andrew Rosenfield
Managing Partner,
Guggenheim Partners
Richard Ryan
Former President and Chief
Operating Officer, DEKALB
Alvaro Saieh
Chairman, CorpBanca S.A.
George Shultz
Distinguished Fellow, Hoover
Institution
Hodson Thornber
Former Managing Director,
Renaissance Capital
Mary Tolan
CEO, Accretive Health
MarrGwen Townsend
Founder, Townsend Analytics
& Archipelago
Clifton Wharton
Former Chairman and Chief
Executive Officer, TIAA-CREF
Donald Wilson
Founder and CEO, DRW
Investments LLC
Yue-Chim Richard WongChair of Economics,
University of Hong Kong
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 23/24
8/10/2019 Becker Friedman Institute Annual Report 2013-14
http://slidepdf.com/reader/full/becker-friedman-institute-annual-report-2013-14 24/24
The Becker Friedman Institute
Saieh Hall for Economics
5757 South University Avenue
Chicago, Illinois 60637773.702.5599