Rethinking Full Employment Rethinking Full Employment

67th Economic Conference 67th Economic Conference

November 17, 2023
8:00 A.M. – 5:30 P.M.
November 18, 2023
8:00 A.M. – 12:00 P.M.
Federal Reserve Bank of Boston
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As we stand at the cusp of potentially transformative advances in big data, machine learning, and generative artificial intelligence, it is imperative that we explore the important questions about how technology will influence finance in the years ahead: What are the new financial services that have been – and will be – enabled by these technologies? Will these technologies change the delivery of financial services such that, for example, they are increasingly provided by nontraditional intermediaries and are more accessible to underserved consumers and communities? And to what extent will such changes make the financial system more efficient and resilient as well as more equitable? While a greater volume of data can improve the efficiency and security of financial services, it can also jeopardize the privacy of information and lead to less equitable access to those services. New technologies can enhance efficiency, but they can also increase market power. This conference will bring together researchers, regulators, supervisors, and industry practitioners to review past lessons and preview the future of finance and the opportunities and challenges being raised by the current wave of new technologies.

Agenda

Friday, November 17, 2023

8:00 a.m. – 8:45 a.m.

Breakfast

8:45 a.m. – 9:05 a.m.

Welcoming Remarks

Susan M. Collins
President and Chief Executive Officer
Federal Reserve Bank of Boston

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Egon Zakrajšek
Executive Vice President and Director of Research
Federal Reserve Bank of Boston



9:05 a.m. – 10:10 a.m.

Paper Session: The Outlook for Women's Employment and Labor Force Participation

Author:
Stefania Albanesi
Professor of Economics
University of Miami Herbert Business School

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Discussants:
Misty L. Heggeness
Associate Professor
University of Kansas School of Public Affairs and Administration

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Chinhui Juhn
Henry Graham Professor of Economics
University of Houston

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Moderator:
Christopher L. Foote
Senior Economist and Policy Advisor
Federal Reserve Bank of Boston

10:10 a.m. – 10:35 a.m.

Break

10:35 a.m. – 11:55 a.m.

Panel: Race-Related Gaps in Employment Rates

Panelists:
Francisca Antman
Professor
University of Colorado Boulder

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Kevin Lang
Laurence A. Bloom Professor of Economics
Boston University

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William M. Rodgers III
Vice President and Director of the Institute for Economic Equity
Federal Reserve Bank of St. Louis

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Moderator:
Christopher L. Foote
Senior Economist and Policy Advisor
Federal Reserve Bank of Boston

11:55 a.m. – 1:00 p.m.

Luncheon

1:00 p.m. – 1:45 p.m.

Keynote Address

Cecilia Elena Rouse
Katzman-Ernst Professor in Economics and Education
Professor of Economics and Public Affairs
Princeton University



Moderator:
Daniel H. Cooper
Vice President and Economist
Federal Reserve Bank of Boston

1:45 p.m. – 2:50 p.m.

Paper Session: Skills Acquisition and Maximum Employment

Author:
Harry J. Holzer
John LaFarge Jr. SJ Professor of Public Policy
Georgetown University McCourt School of Public Policy

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Discussants:
Peter Q. Blair
Assistant Professor of Education
Harvard Graduate School of Education

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Jeffrey Smith
Paul T. Heyne Distinguished Chair in Economics and the Richard A. Meese Chair in Applied Econometrics
University of Wisconsin-Madison

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Moderator:
Daniel H. Cooper
Vice President and Economist
Federal Reserve Bank of Boston

2:50 p.m. – 3:05 p.m.

Break

3:05 p.m. – 4:10 p.m.

Paper Session: Recent Evolutions in the Labor Market: Measuring the Gig Economy

Authors:
Mary A. Burke
Senior Economist and Policy Advisor
Federal Reserve Bank of Boston

Anat Bracha
Associate Professor
Hebrew University Business School

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Discussants:
Susan Houseman
Vice President and Director of Research
W. E. Upjohn Institute for Employment Research

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Dmitri Koustas
Assistant Professor
University of Chicago Harris School of Public Policy

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Moderator:
Dhiren Patki
Economist
Federal Reserve Bank of Boston

4:10 p.m. – 5:30 p.m.

Panel: Probing for Maximum Employment

Panelists:
J. Bradford DeLong
Professor of Economics
University of California, Berkeley

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Kristin J. Forbes
Jerome and Dorothy Lemelson Professor of Management and Global Economics
Massachusetts Institute of Technology Sloan School of Management

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Donald Kohn
Robert V. Roosa Chair in International Economics and Senior Fellow
Brookings Institution

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Moderator:
Dhiren Patki
Economist
Federal Reserve Bank of Boston

5:30 p.m. – 7:30 p.m.

Reception

Saturday, November 18, 2023

8:00 a.m. – 9:00 a.m.

Breakfast

9:00 a.m. – 10:05 a.m.

Paper Session: Employment Challenges Faced by People with Criminal Histories

Author:
Steven Raphael
Professor of Public Policy and James D. Marver Chair
University of California, Berkeley, Goldman School of Public Policy

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Discussants:
Osborne Jackson
Senior Economist
Federal Reserve Bank of Boston

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Michael Mueller-Smith
Assistant Professor
University of Michigan

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Moderator:
Karen Dynan
Professor of the Practice of Economics
Harvard University

10:05 a.m. – 10:30 a.m.

Break

10:30 a.m. – 11:50 a.m.

Panel: Measuring Maximum Employment in Real Time

Panelists:
Jeffrey Kling
Research Director
Congressional Budget Office

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Pascal Michaillat
Associate Professor of Economics
University of California, Santa Cruz

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Stefano Scarpetta
Director of Employment, Labour and Social Affairs
Organisation for Economic Co-operation and Development

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Moderator:
Karen Dynan
Professor of the Practice of Economics
Harvard University

12:00 p.m.

Concluding Remarks

12:10 p.m.

Luncheon

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