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The NBER Reporter Summer 2003: News


President Bush Taps NBER Economists for CEA
Levitt Receives John Bates Clark Medal
NBER Researchers Lead American Economics Association
NBER Announces 2003-4 Nonprofit Fellowships
Thomas D. Flynn, Director Emeritus, Dead at 90
2002 Japan Conference: A Summary of the Papers


President Bush Taps NBER Economists for CEA

President Bush has nominated two more NBER researchers to become members of his Council of Economic Advisers. Harvey S. Rosen and Kristin Forbes will be joining N. Gregory Mankiw, a Harvard economics professor and NBER Research Associate, who is CEA Chairman.

Rosen, an NBER Research Associate and professor of economics at Princeton University, was nominated in April. He holds a Ph. D. from Harvard University and served as deputy assistant secretary for tax analysis in the administration of George H. W. Bush.

Forbes, an NBER Faculty Research Fellow and professor at MIT's Sloan School of Management, was nominated in May. She has also served as deputy assistant secretary of the Treasury Department in the current Bush Administration.

NBER Research Associate Andrew A. Samwick, a member of the economics faculty at Dartmouth College, is the CEA’s Chief Economist.

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Levitt Receives John Bates Clark Medal

NBER Research Associate Steven D. Levitt, a professor of economics at the University of Chicago, received the American Economics Association’s John Bates Clark Medal this year. The award is given every two years to the economist under the age of 40 who has made the most substantial contribution to the field of economics.

Levitt is a member of the NBER’s Programs on Public Economics, Law and Economics, Children, and Education. He received the medal for his work on crime and corruption, including studies of teacher cheating at Chicago schools, corruption in Japanese sumo wrestling circles, and the economics of gang life. Levitt received his B.A. from Harvard University in 1989 and his Ph.D. from MIT in 1994.

Previous Clark medalists among NBER Research Associates were: Zvi Griliches, Daniel L. McFadden, Martin S. Feldstein, Joseph E. Stiglitz, James J. Heckman, Jerry A. Hausman, Sanford J. Grossman, Paul R. Krugman, Lawrence H. Summers, David Card, Kevin M. Murphy, and Andrei Shleifer.

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NBER Researchers Lead American Economics Association

Three NBER Research Associates are the President, President-Elect, and nominee for President-Elect, respectively, of the American Economics Association (AEA). Peter A. Diamond, an MIT economics professor and member of the NBER’s Programs on Monetary Economics and on Economic Fluctuations and Growth, is the current AEA President. NBER President Martin Feldstein, a professor of economics at Harvard University and a member of the NBER’s Programs on Aging, Health Care, Public Economics, and Economic Fluctuations and Growth, is President-Elect. He is slated to become the AEA’s President in January, succeeding Diamond.

The AEA’s Executive Committee also has chosen Daniel L. McFadden as the nominee for President-Elect, to succeed Feldstein. McFadden is a professor of economics at the University of California, Berkeley, and a member of the NBER’s Program on Aging

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NBER Announces 2003-4 Nonprofit Fellowships

NBER Research Associate James M. Poterba has announced the recipients of NBER Fellowships for the Study of Nonprofit Institutions for the 2003-4 academic year. This NBER fellowship program is designed to encourage research on nonprofit institutions by NBER Research Associates and Faculty Research Fellows, and to support dissertation research on the same subject by graduate students in economics who work closely with them.

The four graduate students who will receive fellowship support are: Martha Bailey, Vanderbilt University, whose topic is "Nonprofit Organizations Providing Family Planning Services"; Guy David, University of Chicago, who is studying the "Performance of Not-for-profit versus For-Profit Hospitals"; Dan Hungerman, Duke University, for "Behavior of Organized Religious Organizations"; and Peter Katuscak, University of Michigan, for "Managerial Pay in Nonprofit Organizations."

Faculty grants were made to: Joshua Angrist, MIT, and Kevin Lang, Boston University, who will study "A Nonprofit Charter School: Media and Technology Charter School, Boston"; Esther Duflo, MIT, who will focus on "The Effectiveness of Nonprofit Organizations in Developing Countries"; Charles Phelps, University of Rochester, whose research is on "Governance in Not-for-Profit Hospitals and Universities"; David Reiley, University of Arizona, who will analyze "Fundraising Mechanisms Used by Charitable Organizations"; and Michael Rothschild, Princeton University, who will ask "How Does California Produce First-Rate Research Universities?

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Thomas D. Flynn, Director Emeritus, Dead at 90

Thomas D. Flynn, who became a Director of the NBER in 1967 representing the American Institute of Certified Public Accountants as its president, died on April 12 at age 90. He has been a Director Emeritus of the NBER since 1968.

Flynn was a 1935 graduate of Princeton University with a degree in economics. He received his M.B.A. in accounting from the Columbia Graduate School of Business in 1938. After a short stint on the staff of the Federal Trade Commission, Flynn joined the accounting firm Arthur Young & Company in 1940. He rose to senior partner before being named vice chairman of the firm’s management committee. When he retired in 1975, Governor Hugh L. Carey of New York named him to head the Municipal Assistance Corporation, an agency set up to help manage New York City’s troubled finances. He remained a member of that Board until 1979.

Flynn was also a trustee emeritus of Columbia University. He leaves his wife of 62 years, Harriett Howland Flynn, two daughters, one son, and six grandchildren

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2002 Japan Conference: A Summary of the Papers

The NBER recently published a booklet summarizing the papers and discussions presented at a September 2002 conference in Tokyo. This conference, which has been held annually for the past several years, presents some of the best English language papers on the Japanese economy. This year, there was also a panel discussion on monetary policy in Japan, and a luncheon address by Haruhiko Kuroda, at the time the Vice Minister of the Japanese Ministry of Finance.

The full versions of these papers are available as NBER Working Papers and can be found at /papers/.

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