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The Becker Friedman Institute for Economics (BFI), the Chicago Economics Society (CES), and the Booth Alumni Club of Washington, DC welcomed Brent Neiman, Professor of Economics at the Booth School of Business and Director of BFI’s Research Initiative on International Finance, Macro and Trade, for cocktails and conversation.
Professor Neiman discussed a wide-range of topics based on his recent research, including the declining share of labor income in GDP, rising corporate saving, and their relationship to technology and productivity; the question of whether market power and concentration is rising or not – a topic related to recent calls for more antitrust enforcement; the role that the internet might be playing, including a discussion of evidence gathered from online prices across the euro zone and looking at what happens to prices when countries enter; the changing global roles of the euro and dollar in global asset trade and its repercussions; and the latest innovations in academic modeling of trade.
Following his presentation, Professor Neiman took audience questions. Pedro da Costa, Senior Correspondent at Business Insider, moderated the discussion.