COLUMBIA BUSINESS SCHOOL ROUNDTABLE ON Broken Models of Public Finance

• Published date: 01 December 2020
• Author: Jared Bernstein,Paul B. Kazarian,Shiva Rajgopal
• Date: 01 December 2020
• DOI: http://doi.org/10.1111/jacf.12433

IN THIS ISSUE:

Public

Finance and

Central Banks

8Rethinking Macro Measurement

James Sweeney, Chief Economist, Credit Suisse

17 e First Modern Financial Crises: e South Sea and Mississippi

Bubbles in Historical Perspective

Robert F. Bruner, University of Virginia; and Scott C. Miller, Yale University

34 Convergence and Reversion: China’s Banking System at 70

Carl Walter

44 Apocalypse Averted: e COVID-Caused Liquidity Trap, Dodd-Frank,

and the Fed

Craig Pirrong, University of Houston

49 e Poverty of Monetarism

Patrick Bolton, Columbia University

68 Columbia Business School Roundtable on Broken Models of Public Finance

Panelists: Jared Bernstein, Center for Budget and Policy Priorities; and Paul Kazarian,

Japonica Partners. Moderated by Shiva Rajgopal, Columbia University

82 Columbia Business School Roundtable on e Fed’s Response to the

Global Financial Crisis—and Now the Pandemic

Panelists: Frederic Mishkin and Patricia Mosser, Columbia University. Moderated by Kate Davidson,

The Wall Street Journal

90 e Euro @ 20: How Economic and Financial “Asymmetries”

Marred the Promise of the Single Currency

George Alogoskous, Athens University of Economics and Business; and Laurent Jacque,

Tufts University

105 e Benets of Buying Distressed Assets

Jean-Marie Meier, University of Texas at Dallas; and Henri Servaes, London Business School,

CEPR, and ECGI

117 Using ESG to Enhance Fixed-Income Returns: e Case of Inherent Group

Nikhil Mirchandani and Chelsea Rossetti, Inherent Group

127 e Economic (Not Literary) Oenses of Michael Lewis:

e Case of e Big Short and the Global Financial Crisis

Don Chew, Journal of Applied Corporate Finance

VOLUME 32

NUMBER 4

FALL 2020

APPLIED

CORPORATE FINANCE

Journal of

68 Journal of Applied Corporate Finance • Volume 32 Number 4 Fall 2020

COLUMBIA BUSINESS SCHOOL ROUNDTABLE ON

Broken Models of Public Finance

Columbia Business School | New York, NY | July 2020

Paul B. Kazarian

Founder, Japonica Partners

Shiva Rajgopal

Kester and Byrnes Professor

of Accounting and Auditing,

Graduate School of Business

at Columbia

Jared Bernstein

Center for Budget and Policy

Priorities