Seminarios JILAEE U Chicago UCEMA

A partir de una inciativa conjunta con The University of Chicago,los seminarios tienen por objeto crear un espacio para presentar y analizar investigaciones experimentales con foco en los pa√≠ses latinoamericanos que ofrezcan nuevas perspectivas en √°reas como la educaci√≥n, la provisi√≥n privada de bienes p√ļblicos, las preferencias sociales y la econom√≠a ambiental.

Las presentaciones est√°n dirigidas al p√ļblico en general y ser√°n impartidos por investigadores y especialistas visitantes.

Fecha Hora Expositor/Institución Título
09/04 15 h Francesco D’Acunto (Boston College)

Seminario JILAEE UChicago UCEMA: Diverse Policy Committees Can Reach Underrepresented Groups

Increasing the diversity of policy committees has climbed to the top of the political agenda around the world, but the economic motivations and effects of diversity in policy committees are still elusive. In this paper, we propose a randomized control trial to test for the effects of making consumers aware of the presence of underrepresented groups in the US Fed's FOMC on the FOMC's ability to manage consumers' expectations and trust. We find that White women and African American men trust the FOMC's effectiveness more and update their unemployment expectations more in line with FOMC forecasts after being made aware of the presence of underrepresented demographic groups in the FOMC. Only African American women---who have no representation in the FOMC---do not react to awareness about (other) minorities on the FOMC. Overrepresented groups, such as White men, do not react negatively. Our findings suggest an economic channel through which, more diverse policy committee increases policy effectiveness: They can manage the expectations and trust of underrepresented consumers more effectively.

El Seminario se dictará en inglés sin traduccción simultánea

Expositor

Francesco D’Acunto: Boston College

Inscripción