Dr. R. Anton Braun Seminar "Uninsured Risk, Stagnation and Fiscal Policy"

(Dr. R. Anton Braun)

Seminar outline
Title: "Uninsured Risk, Stagnation and Fiscal Policy"
Speaker: Richard Anton Braun, Research Economist and Senior Policy Advisor, Federal Reserve Bank of Atlanta / CIGS International Senior Fellow

Program
ProgramPDF：217KB

Presentation
Presentation by Dr. BraunPDF：2203KB

Abstract of the Speech

Japan is in the midst of a protracted spell of depressed economic activity. Economic stagnation in Japan has occurred against a background of rising earnings risk. Occupational stability is falling as routine occupations disappear and implicit lifetime employment guarantees are gradually disappearing. At the same time earnings in some high‐skilled occupations have continued to grow. The resulting polarization in earnings has been accompanied by an increase in wealth inequality. I will develop a framework that relates these observations. In particular, I will show how an increase in uninsured earnings could act to depress output and increase wealth inequality. I will then analyze the efficacy of alternative fiscal policies in terms of their ability to increase economic activity, reduce wealth inequality and improve welfare.

Dr. Richard Anton Braun's profile
2010 - present Policy Advisor and Research Economist, Federal Reserve Bank of Atlanta, Atlanta, Georgia
2006 - 2010 Professor, The University of Tokyo, Tokyo Japan
2008 - 2009 Visiting Professor, CREA Universitat Pompeu Fabra, Barcelona Spain
2001 - 2006 Associate Professor, The University of Tokyo, Tokyo Japan
1998 - 2000 Associate Professor, International University of Japan, Niigata Japan
1996 - 1997 Visiting Professor, Universidad Carlos III, Madrid Spain
1996 - 1997 Visiting Professor, Banco España, C.E.M.F.I, Madrid Spain
1992 - 1997 Senior Economist, Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota
1989 - 1994 Assistant Professor, University of Virginia, Charlottesville, Virginia
1989 Carnegie Mellon University, Graduate School of Industrial Administration, Ph.D., Economics
1987 Carnegie Mellon University, Graduate School of Industrial Administration, M.S., Economics
1983 Indiana University at South Bend, B.S., Economics