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Archives for: January 2012


Chicago Business, 1/9/2012
Boatwright: Building client relationships takes time
Building client relationships takes time, says Peter Boatwright, associate professor of marketing. Boatwright says working well with a client is its own best proof of a good relationship. URL for this article: http://www.chicagorealestatedaily.com/article/20120107/ISSUE04/301079984/new-exec-building-landor-associates-chicago-office

Bloomberg BusinessWeek, 1/12/2012
Meltzer: Danger in European crisis strategy lies in longer-term consequences
Three of six central banks that offered advice for handling the European financial crisis were trained at MIT, and their philosophy was “you’ve got a problem, you have to do something about it,” says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says the danger in that line of thinking lies in failing to think about longer-term consequences of any action taken. URL for this article: http://www.bloomberg.com/news/2012-01-12/rescuing-europe-from-debt-crisis-begins-with-men-of-mit-as-matter-of-trust.html

Wall Street Journal, 1/13/2012
Fed circa 2006 overemphasized short term, says Meltzer
Transcripts from closed-door Federal Reserve meetings held in 2006 read “like a broken record,” says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer criticizes the Fed for giving too much weight to short-term forecasts and for ignoring warnings and paying too little attention to medium-term consequences of its decisions. URL for this article: http://online.wsj.com/article/SB10001424052970204409004577157001537763864.html

Associated Press, 1/17/2012
Apt cautions against overreliance on cheap natural gas
If too many plants embrace cheap natural gas, it won’t stay cheap, says Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. Apt says if prices do rise, coal will again be the most cost-effective fuel. URL for this article: http://www.observer-reporter.com/or/gasdrilling11/01-17-2012-GasDrilling-Elect-1

Reuters, 1/22/2012
Goodfriend favors inflation targets
Announcing an inflation target is a good idea whose time has come, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend says the target would squelch the idea that the Fed might allow for a faster pace of price gains as it tries to lower unemployment. URL for this article: http://www.reuters.com/article/2012/01/22/us-usa-fed-target-idUSTRE80L0NU20120122

Financial Times, 1/23/2012
Goodfriend: Discussions enriched by greater scrutiny
During his tenure at the Richmond Fed, economists worked hard to improve their statements to the Federal Open Market Committee, which enriched discussion, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend attended FOMC meetings from 1993 to 2005 in his role as senior monetary policy adviser. URL for this article: http://presscuttings.ft.com/presscuttings/s/3/viewPdf/56006675

Central Banking.com, 1/26/2012
Goodfriend: Fed has stopped short of setting inflation target
The Federal Reserve appears to have stopped short of adopting an explicit 2 percent inflation objective, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend says the Fed made a case for why such a target would be a good idea, but never delivered a specific action plan for implementation. URL for this article: http://www.centralbanking.com/central-banking/news/2141749/fed-adopts-inflation-target-reveals-rate-forecasts

Bloomberg, 1/26/2012
Goodfriend comments on Fed’s response to inflation
With its short-term focus, the Federal Reserve won’t act until inflation expectations ratchet up, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. But that approach carries its own set of risks, he adds. URL for this article: http://www.bloomberg.com/news/print/2012-01-26/translating-the-fed-s-new-inflation-policy-the-ticker.html

Financial Times, 1/30/2012
Tepper School ranks in top 20 U.S. programs in Financial Times ranking
The Tepper School remained in the top 20 among MBA programs based in the United States and climbed six spots overall in the Financial Times’ 2012 Global MBA Rankings. The newspaper placed the school at #16 among U.S. schools and at #35 worldwide. URL for this article: http://www.ft.com/intl/cms/s/0/620064ca-483e-11e1-b1b4-00144feabdc0.html

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