Kellogg on Policy and Public Impact

Consumer finance and new technologies: research and practice

Foundational strength to help cross sectors

The household finance landscape has grown more complex and data-rich in recent years, offering unprecedented opportunities for research as well as new business opportunities.

Understanding the evolution in household finance requires research to inform practice and policy related to consumer debt, credit, savings, and financial literacy. Join researchers, policymakers, and industry practitioners in exploring these topics.

September 28, 2017


@Issue: Making Sense of Fiscal Chaos


Former senior officials and experts on fiscal issues will discuss the prospects for the fiscal landscape—focusing on potential resolutions and impact on the economy. In collaboration with the Urban-Brookings Tax Policy Center of Washington, D.C.

12:15-1:15 p.m., Kellogg Global Hub

Contact
Janice Eberly
James R. and Helen D. Russell Professor of Finance
Faculty Director, Kellogg Public-Private Initiative
Email
Sheila Duran
Senior Director, Kellogg Public-Private Initiative
Email

Explore the Policy ecosystem at Kellogg

@issue Faculty Forum: Craig Garthwaite on the ACA

Professor Craig Garthwaite discussed how the new administration's healthcare proposal could impact patients, insurers, and hospitals at the March 2, 2017, faculty forum.

Kellogg on Growth | 2016

Leigh Morgan of The Gates Foundation presented a keynote at the 2016 Growth Forum that explored her leadership experience in corporate, public, nonprofit, and philanthropy sectors.

@issue: The Role of Demographics and Why the Pollsters Got it Wrong

Panel presented by Kellogg Student Association and KPPI, featuring Professors David Besanko and Blake McShane on December 1, 2016.

@issue: The Future of Policy Post the 2016 Election

Panel presented by the Public Policy Club, Health Club, and KPPI, featuring Professors David Besanko, Janice Eberly, Craig Garthwaite, and Ben Jones on November 11, 2016.

@issue: Brexit and the Future of Europe

Panel presented by the Public Policy Club, the European Business Club, and KPPI featuring Professors David Austin-Smith and Sergio Rebelo on November 8, 2016.

Boom vs. Doom: Debate on the Future of the Economy

Discussion presented by KPPI and the Chicago Council of Global Affairs featuring Professors Robert Gordon and Joel Mokyr on October 31, 2016.

IMF Managing Director Christine Lagarde Urges More “Inclusive” Economy

Lagarde speaks on global economic outlook at Kellogg School of Management at Northwestern University on September 29, 2016. Read the Kellogg News recap, and a Kellogg Insight interview with Lagarde and Sergio Rebelo.

Susan Bies Lecture on Economics and Public Policy – featuring Ben Bernanke

Professor Janice Eberly interviewed Ben Bernanke, in an event presented by Northwestern’s department of economics on April 25, 2016.

Janice Eberly Named Co-Editor of Leading Policy Publication

As the former chief economist for the U.S. Treasury, Eberly will be the first woman to helm The Brookings Institution’s flagship economic journal.

Kellogg on Growth | 2015

Professor David Besanko led a panel discussion on “Infrastructure for the 22nd century: Can public investment keep up with private sector growth?” featuring Rosalia De Leon, Congressman Robert Dold ’10, Aaron Klein, Rebecca Scheinfeld ’08, and Emilio Tenuta ’05.

Alumni in Policy

Jennifer Colville ‘95

Policy Advisor/Innovation, Arab States / United Nations Development Programme (UNDP)

Jennifer Colville '95 is a growth driver in the global economy, and promotes Kellogg’s Policy vision of preparing leaders to understand how to create sound economic policy. In her role at UNDP, Colville is exploring a host of innovation drivers, from gamification to behavioral science to social innovation camps. She also leads UNDP’s broader efforts to reach out to a variety of voices that haven’t traditionally been amplified.

Jonathan Greenblatt '99

National Director Designate / Anti-Defamation League

Jonathan Greenblatt '99 is the National Director (CEO) Designate at the Anti-Defamation League and a Senior Fellow at the Wharton School. He is the co-founder of Ethos Water (acquired by Starbucks in 2005); founder of All for Good (acquired by Points of Light in 2011), former Special Assistant to the President and Director of the White House Office of Social Innovation and Civic Participation (2011-2014), and former CEO of GOOD Worldwide.

James Tong ‘05

Vice President, Strategy & Governmental Affairs / Clean Power Finance

James Tong '05 leads collaborative efforts with solar businesses, utilities, government agencies, and academic researchers to accelerate solar deployment and reduce barriers to adoption. Prior to entering the solar industry, he served in various management positions at GE, where he completed its elite commercial leadership program. He has also worked for the Urban Institute, a renowned public policy think tank, and served in the Peace Corps.

Chris LaRosa ‘08

Executive Director, Government & Industry Association Relations / CME Group

Chris LaRosa '08 is an industry and government affairs executive with the world’s leading commodities and financial futures exchange. He manages engagement with multiple legistative bodies and regulators within the U.S. and globally. He facilitates integration of business and public policy strategies across CME Group’s product areas, international alliances, and business development initiatives.

Faculty Affiliates

Eric T. Anderson
Hartmarx Professor of Marketing; Director of the Center for Global Marketing Practice

David Austen-Smith
Peter G. Peterson Chair in Corporate Ethics; Professor of Managerial Economics & Decision Sciences; Director, Ford Motor Center for Global Citizenship; Chair of Managerial Economics & Decision Sciences Department

Meghan Busse
Associate Professor of Strategy

David Chen
Adjunct Professor of Finance; Program Director of Impact Investing

Lawrence J. Christiano
Alfred W. Chase Chair of Business Institutions, Weinberg College of Arts & Sciences; Professor of Finance

Georgy Egorov
Associate Professor of Managerial Economics & Decision Sciences

Timothy Feddersen
Wendell Hobbs Professor of Managerial Politics; Professor of Managerial Economics & Decision Sciences

Mark Finn
Clinical Professor of Accounting Information & Management

Michael J. Fishman
Norman Strunk Professor of Financial Institutions; Professor of Finance
Craig Furfine
Clinical Professor of Finance

Robert Gordon
Stanley G. Harris Professor in the Social Sciences, Weinberg College of Arts & Sciences; Professor of Economics

Kent Grayson
Associate Professor of Marketing; Bernice and Leonard Lavin Professorship

Kathleen Hagerty
Senior Associate Dean of Faculty and Research; First Chicago Professorship in Finance; Faculty Director of PhD Program; Professor of Finance

Liz Livingston Howard
Clinical Professor of Executive Education; Director of Nonprofit Executive Education

Edward F.X. Hughes
Professor of Strategy; Professor of Preventive Medicine, Feinberg School of Medicine (Courtesy)

Ravi Jagannathan
Chicago Mercantile Exchange/John F. Sandner Professor of Finance; Co-Director, Financial Institutions and Markets Research

Benjamin F. Jones
Gordon and Llura Gund Family Professor of Entrepreneurship; Professor of Strategy; Faculty Director, Kellogg Innovation and Entrepreneurship Initiative (KIEI)
Brayden King
Max McGraw Chair in Management and the Environment; Professor of Management & Organizations; Chair of Management & Organizations Department

Philip Levy
Adjunct Professor of Strategy

Sarit Markovich
Clinical Associate Professor of Strategy

Peter H. McNerney
Adjunct Lecturer of Finance

Dylan Minor
Assistant Professor of Managerial Economics & Decision Sciences

Joel Mokyr
Robert H. Strotz Professor of Arts and Sciences and Professor of Economics and History, Weinberg College of Arts & Sciences

Ameet Morjaria
Assistant Professor of Managerial Economics & Decision Sciences

Kara Palamountain
Research Associate Professor within Kellogg's Public-Private Interface Initiative (KPPI); Lecturer of Global Health

Nicola Persico
John L. and Helen Kellogg Professor of Managerial Economics & Decision Sciences; Director of the Center for Mathematical Studies in Economics & Management
Mitchell A. Petersen
Glen Vasel Professor of Finance; Director of the Heizer Center for Private Equity and Venture Capital

Robert Porter
William R. Kenan, Jr. Professor

Alvaro Sandroni
E.D. Howard Professor of Political Economy; Professor of Managerial Economics & Decision Sciences

Paola Sapienza
Donald C. Clark/HSBC Chair in Consumer Finance; Professor of Finance

Mark Satterthwaite
A.C. Buehler Professor in Hospital & Health Services Management; Professor of Strategy

Juliet Sorensen
Clinical Associate Professor of Law, Northwestern School of Law; Clinical Associate Professor of Strategy

Jörg Spenkuch
Assistant Professor of Managerial Economics & Decision Sciences

Amanda Starc
Associate Professor of Strategy

Adam Waytz
Associate Professor of Management & Organizations

Klaus Weber
Associate Professor of Management & Organizations   

In the News

In the Age of Trump, B-Schools Brace for Upheaval

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Explore the Policy ecosystem at Kellogg with #KSMpolicy.

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It Turns Out Trump’s Tax Plan Is Bad for Businesses Too

Article by Professor David Besanko discusses the tax reform plan proposed by President Trump and congressional Republicans’, noting that although most analysts have said that the GOP plan is business friendly, it is actually bad news for the private sector and it will hinder business. The plan will ultimately lead to additions to the federal deficit, which will lead to economic stagnation.

Fortune, 27 Nov 2017

There’s a $10 billion provision in the tax plan that just passed the House—and it’s really bugging the AARP

Article discusses that the Republican tax reform bill that passed the House includes the repeal of an “itemized deduction related to medical expenses, a measure that costs the federal government $10 billion.” Professor Craig Garthwaite says he does not expect the provision to survive, “Never bet against the AARP.”

Business Insider, 15 Nov 2017

The GOP plan to kill Obamacare’s least popular provision could backfire on some in the middle class

Article takes a look at how the Republican proposal to strike down the Affordable Care Act’s least popular provision which requires people to maintain health coverage or pay a fine, “could bring an immediate political victory, but it may backfire on upper-middle-class people who buy individual insurance and pay full price for their plans.” Professor Craig Garthwaite says, “It you look at polling data, this is the least popular part of the ACA. Hospitals will be mad at you, but individual people will not be.”

The Washington Post, 15 Nov 2017

Trump in China: Simple, Bilateral Policy In A Complicated, Multilateral World

Article by Adjunct Professor Phil Levy discusses how President Trump was able to demonstrate the kind of trade policy he really likes while making a $250 billion deal when he was in China.

Forbes, 15 Nov 2017

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    Insight: Policy