SGE Meetings
March Monthly Luncheon
Thursday, March 15, 2007
Speaker: Chester Spatt
Affiliation: Securities and Exchange Commission
Title: "Economic Analysis and Cost-Benefit Analysis: Substitutes or
Complements?"
Summary: A recurring debate in Washington is the role of regulatory
impact
analyses. How should the federal government assess the impact of
proposed rulemakings? How should that assessment affect decision-making?
In this presentation Chester Spatt will draw upon his experiences as
Chief Economist of the Securities and Exchange Commission to focus upon
a central issue in the policy process--the potential importance of
economic analysis to the regulatory process and the relationship to
traditional cost-benefit analysis. He will use several examples to
highlight different aspects of this broad theme.
Bio: Chester Spatt joined the Securities and Exchange Commission as
Chief Economist in July 2004. He is the Mellon Bank Professor of
Finance at the Tepper School of Business at Carnegie Mellon University
and Director of its Center for Financial Markets, where he has taught
since 1979. He earned his Ph.D. in economics from the University of
Pennsylvania and his undergraduate degree is from Princeton University.
Professor Spatt is a well-known scholar studying financial economics
with broad interests in financial markets. For example, he has been a
leading expert on the design of security markets in various settings,
mortgage valuation, and taxation and investment strategy. His
co-authored 2004 paper in the Journal of Finance on asset location won
TIAA-CREF's Paul Samuelson Award for the Best Publication on Lifelong
Financial Security. He has served as Executive Editor and one of the
founding editors of the Review of Financial Studies, President and a
member of the Founding Committee of the Society for Financial Studies,
President of the Western Finance Association, and is currently an
Associate Editor of several finance journals. He also has served as an
expert for the Federal Energy Regulatory Commission (FERC) in its
investigation of market manipulation in the Western energy markets in
2000 and 2001.
Chinatown Garden Restaurant 618 H St., NW,
Washington Metro: Gallery Place (Red, Green, and Yellow Lines). Restaurant is 1/2 block east of the Metro station's northern (H Street) exit.
Reservations by 11:30 am March 14th, to Jonathan Schwabish Jonathan.Schwabish@cbo.gov or 202-226-5667.
$15 for SGE and NEC members $20 for non-members
Upcoming SGE Luncheons
Thursday, April 19
Speaker: Diane Lim Rogers, Chief Economist of the House Budget Committee
Title: Can We Really Eliminate Our Budget Deficits?