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Becker Friedman Institute for Economics
  • About
        • About the Becker Friedman Institute
          The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy
          Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals
          The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
        • Expanding Discovery in Economics+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
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        • Leaning Against Inflation Experiences
          Stefan Nagel

          A large share of secular variation in real interest rates can be understood as the effect of monetary policy leaning against experience-based long-run inflation expectations. Survey microdata show that adaptive learning from experienced inflation generates highly persistent, slow-moving longrun inflation...

          The Effect of Reminders for Self-Set Goals on Productivity
          Martin Abel, Tomoko Harigaya, Michael Kremer, and Jessica Zhu

          We examine how reminders for self-set goals influence productivity by analyzing data from 10,187 volunteer agricultural extension workers in Rwanda. We elicited workers’ goals and experimentally varied their salience through text reminders. Due to unforeseen logistical delays, approximately half of...

          Can Online Activity Be Regulated? Evidence from Adult Websites
          Matthew Brown, Emily J. Davis, and Devin Pope

          The consequences of online regulations depend on the extent to which users can circumvent restrictions or substitute toward noncompliant platforms. Since 2023, 25 U.S. states have implemented age verification laws that caused prominent adult websites (including Pornhub) to restrict local...

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          Does Scarcity Tax Parents’ Minds?
          Consuming Values
          Why Bans Fail: Tipping Points and Australia’s Social Media Ban
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        • BFI Data Studio

          Carbon Prices, Forest Conservation and Reforestation in the Brazilian Amazon
          Nursing Homes: Predictably Unpredictable Inspections
          Unlocking the Power of Markets as a New Tool for Regulating Pollution
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        • Podcasts

          Signal and Noise: Why Politics Is About Culture When Voters Want Economics
          How Should Parents Respond When Grades are Good, But Test Scores are Bad?
          Tied to the Job: The Gains from Permanent Residency
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        • Videos

          BFI Youtube Channel external
          Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
  • Events
        • Upcoming Events

          Jul 9

          2026 Early Career Behavioral Economics Conference

          Aug 4

          2026 MFR Program Summer Session for Young Scholars

          Aug 20

          Economic Theory Conference XI

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Media Mention·Nov 21, 2025

U Chicago’s Randall Kroszner: Fed could be more effective with fewer people

CNBC; Randall Kroszner
Related People
  • Randall S. Kroszner
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© 2026 Becker Friedman Institute for Economics at the University of Chicago

  • About
        • About the Becker Friedman Institute
          The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
        • Our Legacy
          Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
        • Pre-Doctoral Research Professionals
          The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
        • Expanding Discovery in Economics+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
        • Visitors & Fellows
        • Our Team
        • BFI Employment Opportunities
        • Contact
  • Network
        • Research Initiatives
          • Big Data Initiative
          • Health Economics Initiative
          • Industrial Organization Initiative
          • International Economics and Economic Geography Initiative
          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
        • View All caret-right
        • Global Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
        • View All caret-right
        • Programs & Centers
          • Development Economics Center
          • Expanding Discovery in Economics+ (EDE+)
          • Experimental Economics Program
          • Global Center for Economic Growth - Growth Academy
          • Gracias Center for Human Sciences and Well-Being
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
        • View All caret-right
  • Scholars
    • UChicago Scholars
    • Visiting Scholars
    • Saieh Family Fellows
    • Predoctoral Research Professionals
  • Research
        • Leaning Against Inflation Experiences
          Stefan Nagel

          A large share of secular variation in real interest rates can be understood as the effect of monetary policy leaning against experience-based long-run inflation expectations. Survey microdata show that adaptive learning from experienced inflation generates highly persistent, slow-moving longrun inflation...

          The Effect of Reminders for Self-Set Goals on Productivity
          Martin Abel, Tomoko Harigaya, Michael Kremer, and Jessica Zhu

          We examine how reminders for self-set goals influence productivity by analyzing data from 10,187 volunteer agricultural extension workers in Rwanda. We elicited workers’ goals and experimentally varied their salience through text reminders. Due to unforeseen logistical delays, approximately half of...

          Can Online Activity Be Regulated? Evidence from Adult Websites
          Matthew Brown, Emily J. Davis, and Devin Pope

          The consequences of online regulations depend on the extent to which users can circumvent restrictions or substitute toward noncompliant platforms. Since 2023, 25 U.S. states have implemented age verification laws that caused prominent adult websites (including Pornhub) to restrict local...

        • View All caret-right
  • Insights
        • Research Briefs

          Does Scarcity Tax Parents’ Minds?
          Consuming Values
          Why Bans Fail: Tipping Points and Australia’s Social Media Ban
        • View All caret-right
        • BFI Data Studio

          Carbon Prices, Forest Conservation and Reforestation in the Brazilian Amazon
          Nursing Homes: Predictably Unpredictable Inspections
          Unlocking the Power of Markets as a New Tool for Regulating Pollution
        • View All caret-right
        • Podcasts

          Signal and Noise: Why Politics Is About Culture When Voters Want Economics
          How Should Parents Respond When Grades are Good, But Test Scores are Bad?
          Tied to the Job: The Gains from Permanent Residency
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
  • Events
        • Upcoming Events

          Jul 9

          2026 Early Career Behavioral Economics Conference

          Aug 4

          2026 MFR Program Summer Session for Young Scholars

          Aug 20

          Economic Theory Conference XI

        • View All caret-right
  • News
    • BFI News
    • Media Mentions
    • Press Releases
  • Info For
    • Scholars
    • Students
    • Media
    • Pre-Doctoral Research Professionals
  • Subscribe
    • Join Our Weekly Briefing Newsletter
    • Newsletter Archive
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