ABFER 11th ANNUAL CONFERENCE
The ABFER 11th Annual Conference was held on 20-23 May 2024 at the Pan Pacific Singapore
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11th ASIAN MONETARY POLICY FORUM
The 11th Asian Monetary Policy Forum (AMPF) commenced on 23 May 2024 at the Pan Pacific Singapore with a joint dinner with ABFER, followed by the forum on 24 May 2024 at Conrad Centennial Singapore
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CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
Webinar series on every third Thursday of the month
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INNOVATION, PRODUCTIVITY GROWTH, AND CHALLENGES IN THE DIGITAL ERA: ASIA AND BEYOND
Webinar series on every first Wednesday of the month
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INDUSTRY OUTREACH PANEL
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  • ABFER 11th ANNUAL CONFERENCE
  • 11th ASIAN MONETARY POLICY FORUM
  • CAPITAL MARKET DEVELOPMENT: CHINA AND ASIA
  • INNOVATION, PRODUCTIVITY GROWTH, AND CHALLENGES IN THE DIGITAL ERA: ASIA AND BEYOND
  • INDUSTRY OUTREACH PANEL

SOME IMPORTANT FACTS ABOUT US

2800 SUBMITTED Papers submitted to
Annual Conference
7366 AUTHORS Representing number
of authors
553 PRESENTED Papers presented at
Annual Conferences
186 JOURNALS Papers published in
significant journals
4200 PARTICIPANTS Participants at
Annual Conferences

10th Annual Conference
Master Class by Professor Amir Sufi

 

Inequality in Finance and Macroeconomics

This class will review three studies I have coauthored with Atif Mian and Ludwig Straub: Indebted Demand, The Saving Glut of the Rich, and What explains the decline in r*: Rising income inequality versus demographic shifts. The basic point in this agenda is that the rise in top income shares since the 1980s has led to a decline in the equilibrium rate of return on assets, and it has also been a powerful force explaining why household debt to GDP ratios have risen globally. The key takeaway is that income inequality is more of an issue of fairness: that inequality matters for key macroeconomic aggregates, the financial system, and policy.

25
May
2023
Thursday
Venue: Azalea 2
Shangri-La Singapore, 22 Orange Grove Rd, Singapore 258350



Program is subjected to change. Updated on 31 May 2023.

Speakers

  • Professor Amir SUFI

    Professor Amir SUFI

     

    Bruce Lindsay Distinguished Service Professor of Economics and Public Policy, Booth School of Business, University of Chicago

    Amir Sufi is the Bruce Lindsay Distinguished Service Professor of Economics and Public Policy at the University of Chicago Booth School of Business. He is also co-director of the Corporate Finance Program at the National Bureau of Economic Research and a Fellow of the Econometric Society. Professor Sufi was awarded the 2017 Fischer Black Prize by the American Finance Association, given biennially to the top financial economics scholar under the age of 40. Professor Sufi's research focuses on finance and macroeconomics. His research on household debt and the economy forms the basis of his book co-authored with Atif Mian: House of Debt: How They (and You) Caused the Great Recession and How We Can Prevent It from Happening Again, which was published by the University of Chicago Press.

  • Professor Sumit AGARWAL

    Professor Sumit AGARWAL

     

    Low Tuck Kwong Distinguished Professor, HOD Real Estate, Managing Director, Sustainable and Green Finance Institute, National University of Singapore and Senior Fellow of ABFER

    Sumit Agarwal is the Low Tuck Kwong Professor at the School of Business and Professor in the departments of Economics, Finance and Real Estate at the National University of Singapore. Previously, he held positions as a Professor of Finance at Georgetown University, senior financial economist in the research department at the Federal Reserve Bank of Chicago and a senior vice president and credit risk management executive in the Small Business Risk Solutions Group of Bank of America.

    Dr. Agarwal's research interests include issues relating to financial institutions, household finance, behavioral finance, international finance, real estate markets, urban economics and capital markets. He has published over eighty research articles in journals like the American Economic Review, Quarterly Journal of Economics, Journal of Political Economy, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Management Science, Journal of Financial Intermediation, Journal of Money, Credit, and Banking among others. Additionally, he has co-written a book titled Kiasunomics and co-edited a collected volume on Household Credit Usage: Personal Debt and Mortgages.

    He is the co-editor of Real Estate Economics and an association editor at Management Science and Journal of Financial Services Research. He writes regular op-ed’s in the Straits Times and Forbes and is featured on various media outlets like the BBC, CNBC, and Fox on issues relating to finance, banking, and real estate markets. Sumit’s research is widely cited in leading newspapers and magazines like the Wall Street Journal, The New York Times, The Economist, and the U.S Presidents Report to Congress. He also runs a blog on household financial decision making called Smart Finance.

    Dr. Agarwal has won various prestigious awards like the Distinguished Alumni Achievement Award at the University of Wisconsin – Milwaukee, Outstanding Researcher Award at the National University of Singapore, the Paul Samuelson TIAA-CREF certificate of excellence, the Terker Family Prizes in Investment Research Award from the Wharton School of Business, the Glucksman Institute Research Award from New York University and grants from the Russell Sage Foundation and the NBER/Sloan Foundation.

    Dr. Agarwal has been invited to present his research at many renowned universities such Columbia University, Northwestern University, University of California Berkeley, Johns Hopkins, Wisconsin, Minnesota, Maryland, as well as institutions and central banks namely the IMF, World Bank, European Central Bank, European Union, Dutch Central Bank, Riksbank, OCC, and the Federal Reserve Banks of Chicago, San Francisco, Atlanta, Boston, New York, and Philadelphia. He has consulted with the World Bank, Federal Deposit Insurance Corporation, OCC, the Reserve Bank of India and Bank of America.

    He has also served as an adjunct professor and a scholar at the finance department at George Washington University, DePaul University, the Indian School of Business, HKUST, BIS and the World Bank. Agarwal received a Ph.D. in economics from the University of Wisconsin-Milwaukee.

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Session Format

90 minutes lecture followed by 30 minutes Q&A.