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2019-06-10: Victor Harrison, Commissioner for Economic Affairs, AUC speaking during the Launch of African Economic Outlook at the AU Summit in Addis Ababa, Ethiopia. In frame, (L-R) Mr. Gabriel Negatu, Director General, East Africa Regional Development and Business Delivery, African Development Bank; Dr. Hanan Morsy, Director, Macroeconomic Policy, Forecasting and Research Department, AfDB; H.E. Abiy Ahmed, Minister of Finance Federal Democratic, President of Ethiopia; MR. Stephen Karingi, Director, Capacity Development Division, United Nations Economic Commission for Africa (UNECA).
The Becker Friedman Institute is pleased to host its inaugural Open Source Macroeconomics Laboratory (OSM Lab), which will run an intensive and immersive seven-week computational macroeconomics boot camp from June 19 to August 4, 2017.
This series of workshops advances the work of a comprehensive comparative study of the fiscal histories of eleven Latin American countries. A team of economists in each of the countries will produce a monetary and fiscal history of each country from 1960 to the present. Viewing country specific data as “case studies,” the researchers will test two central hypotheses: first, that bad fiscal and monetary policies led to macroeconomic instability, and second, that macroeconomic instability was responsible for low growth and poor economic performance in this region.
These photos are from the workshop held in Argentina on August 18. Learn more: bfi.uchicago.edu/events/fiscal-and-monetary-history-latin...
2023-02-18: In a group photograph (Front Row L-R), Vincent O' Nmehielle, Secretary-General, African Development Bank; Dr. Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth; Albert M. Muchanga, commissioner for Trade and Industry of the African Union Commission; Kevin Chika Urama, Acting Chief Economist and Vice President for the Economic Governance and Knowledge Management Complex, AfDB; Hon. Vera Daves de Sousa, Minister of Finance of Angola; Prof. Jeffrey Sachs, Director of the Center for Sustainable Development, Columbia University; Fatima Farouk Elsheikh, Strategic Advisor to the Director General of BADEA; Dr. Victor Oladokun, Senior Advisor to the Bank President on Communication and Stakeholder, Engagement, African Development Bank; Marie Laure Akin Olugbade, Director General, West Africa Regional Development and Business Delivery Office, African Development Bank; (Back Row L-R) Abdoulaye Coulibaly, Director, Governance and Public Financial Management, AfDB during the 36th African Union Summit: 2023 Macroeconomic Report launch.
2018-07-21: President of the African Development Bank Group, Dr. Akinwumi A. Adesina during his visit to three transformative projects in Kenya the Outer Ring Road Project, the Menengai Geothermal Development Project and the Last Mile Connectivity Project. In frame Johnson Ole Nchoe, Chief Executive Officer of the Geothermal Development Company, Charles Keter, Cabinet Secretary for Energy & Petroleum and Henry Rotich, Head of Macroeconomics at the Treasury.(L-R)
2021-05-20: Yuna Choi, External Relations and Communication Officer at the African Development Bank speaking during Webinar on Economic Outlook for Asian Audience 2021. In frame, Mr. Takashi Hanajiri, head of the Asia external representation office in the Bank’s Tokyo office; Khaled F. Sherif, Vice of President AfDB Group; Linguère Mously Mbaye, consultant at the AfDB; Padmashree Gehl Sampath, Fellow and Senior Advisor at the Berkman Klein Center at Harvard University; Dr. Jingying Sun, Deputy Chief of Staff at the National Institute for Global Strategy at the Chinese Academy of Social Sciences and Chuku Chuku, OIC-Manager for Macroeconomic Policy, Debt Sustainability and Forecasting at the AfDB.
2025-05-28: Dr. Hanan Morsy, Director of the Macroeconomic Policy, Forecasting and Research Department at the African Development Bank, shares insights during AM2025: African Experts Panel - Stakeholder Engagement.
Macroeconomic policy and management, international development finance, aid effectiveness, international trade and WTO issues, social inclusion and poverty eradication, climate change, green economy, interests of Least Developed Countries (LDCs), and Sustainable Development Goals (SDGs).
Dr Fahmida Khatun is the Executive Director of the Centre for Policy Dialogue (CPD), a leading think tank in South Asia. She has accomplished Masters in Economics from Jahangirnagar University, Bangladesh. She did another Masters in Environmental and Natural Resource Economics and PhD in Economics from the University College London, UK. She did her Post-Doctoral research at the Earth Institute, Columbia University, USA as a Fulbright Scholar in 2015. She worked on ICT and SDGs with Professor Jeffery Sachs during her Fellowship at Columbia University. She was a Visiting Fellow at Christian Michelsen Institute (CMI), Norway (1994), Korea Institute for Industrial Economics and Trade (KIET), South Korea (2012) and Center for Study of Science, Technology and Policy (CSTEP), India (2016).
2023-07-12: Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group sits along with (L-R) ManSu Kang, Associate Research Fellow, KIEP and Sungbae An, Director General of the International Macroeconomic & Finance Department at KIEP during the Hybrid Seminar on African Economic Outlook 2023 for Asian Audiences (KIEP HQs, Korea).
2018-07-21: President of the African Development Bank Group, Dr. Akinwumi A. Adesina during his visit to three transformative projects in Kenya the Outer Ring Road Project, the Menengai Geothermal Development Project and the Last Mile Connectivity Project. In frame Johnson Ole Nchoe, Chief Executive Officer of the Geothermal Development Company, Charles Keter, Cabinet Secretary for Energy & Petroleum and Henry Rotich, Head of Macroeconomics at the Treasury.(L-R)
Hsuan Peng, '17, and Lin Peng, '15, enjoy the ambient light as they review their Macroeconomics class notes. Photo taken September 20, 2013.
The Becker Friedman Institute is pleased to host its inaugural Open Source Macroeconomics Laboratory (OSM Lab), which will run an intensive and immersive seven-week computational macroeconomics boot camp from June 19 to August 4, 2017.
The Becker Friedman Institute hosted a conference in honor of Robert E. Lucas Jr. Oct. 7-8, 2016, followed by a dinner where he received the prestigious Phoenix Prize from the University of Chicago DIvision of Social Sciences.
The CITE conference is designed specifically to encourage sharing of new ideas and early-stage models of financial markets with macroeconomic linkages, particularly by young economists.
A team of economists from Colombia, Ecuador, Mexico, Paraguay and Uruguay will use country-specific data as “case studies,” testing two central hypotheses: first, that bad fiscal and monetary policies led to macroeconomic instability, and second, that macroeconomic instability was responsible for low growth and poor economic performance in this region. - See more at: bfi.uchicago.edu/events/fiscal-and-monetary-history-latin...
The officials addresses during the Plenary session: Role of Research and Innovation in enhancing productivity and competitiveness, Africa. In frame, Mr Antonio Pedro, Deputy Executive Secretary, Economic Commission for Africa (ECA); Mr. Abebe Shimeles, Acting Director, Macroeconomics Policy, Forecasting And Research, African Development Bank; Dr. Kasirim Nwuke, chief of new technologies and innovation section.
Machine learning techniques are being actively pursued in the private sector and have been widely adopted in fields such as computational biology and computer vision. However, the role of machine learning in economics has so far been limited. This workshop was organized to provide a forum to discuss how ideas and techniques from machine learning could be applied to economic questions. The workshop will bring together researchers from computer science, statistics, econometrics and applied economics to foster interactions and discuss different perspectives on statistical learning and its potential impact on economics.
The workshop began with overview talks on machine learning and statistics by researchers from outside of economics. Three following sessions were organized around the themes of causal inference, prediction, and networks and complex data. Each session included the presentation of papers in economics that make use of machine learning methodology, followed by a discussion by researchers from multiple communities.
The Macro Finance Society organizes two conferences annually where researchers present recent work at the intersection of financial economics and macroeconomics. The methodological focus is on dynamic structural models that are grounded in data.
2018-07-21: President of the African Development Bank Group, Dr. Akinwumi A. Adesina during his visit to three transformative projects in Kenya the Outer Ring Road Project, the Menengai Geothermal Development Project and the Last Mile Connectivity Project. In frame Johnson Ole Nchoe, Chief Executive Officer of the Geothermal Development Company, Charles Keter, Cabinet Secretary for Energy & Petroleum and Henry Rotich, Head of Macroeconomics at the Treasury.(L-R)
Downers Grove North High students earned first place in the Northwest Suburban Fall 2016 session of The Stock Market Game program after competing against 860 other high school teams. Students Owen Wahlgren, Eric Marcanio, Jacob Ridderhoff and Tyler Mertes, supported by their AP Macroeconomics Teacher Mr. Tom Saam, created and managed their virtual portfolio from September to December 2016.
The purpose of this plenary session is to outline macroeconomic policies that would fit the EU political goals and the Green deal in a post growth perspective. Macroeconomic policies should be debunked and reshaped to foster green and social investments for the future, fight inequalities, allow redistribution through a renewed social contract.
Rewatch here:
Through the Haze: 3 Economists Look at the Next Five Years
Justin Yifu Lin
Senior Vice President and Chief Economist, World Bank
John B. Taylor
Professor of Economics, Stanford University, and Former Undersecretary of the Treasury
Laurence H. Meyer
Senior Managing Director and Co-Founder, Macroeconomic Advisers
Moderator: Kelly Evans, Assistant News Editor, The Wall Street Journal
The Wall Street Journal CFO Network in Washington DC on June 21, 2011. Photo by Paul Morse
2025-05-27: Dr. Akinwumi A. Adesina, President and Chairman of the Board of Directors, African Development Bank Group shares a light-hearted moment with Dr. Hanan Morsy, Director of the Macroeconomic Policy, Forecasting and Research Department at the African Development Bank during the AM2025: Welcome Reception.
Plenary session: Role of Research and Innovation in enhancing productivity and competitiveness, Africa
In this workshop, organizers and participants discussed a series of papers using a common conceptual framework based on comparable data sets across seven of the largest Latin American countries, including Bolivia, Brazil, Chile, Ecuador, Mexico and Peru. The analyses are based on rich historical data collected from 1960s to the present.
The 1960s are an interesting starting point for analyses; beginning in this decade, Latin America was plagued by macroeconomic crises including defaults, devaluations, balance of payments crises, and banking crises or sudden stops. Current research suggests that these crises have a strong detrimental effect on output and employment.
Moreover, the events of the last five years made clear that developed economies are not immune to crises. While bad macroeconomic fundamentals like chronic deficits and high public debt appear as potential causes for the crisis, this is not always the case. Expectations and multiplicity may play a key role in these events.
In addition to the case studies, organizers presented several theoretical papers that examine the role of fiscal and monetary policies and the role of expectations on the probability of the crisis.
- See more at: bfi.uchicago.edu/events/monetary-and-fiscal-history-latin...
Hoe Еe Khor, Chief Economist of AMRO (ASEAN+3 Macroeconomic Research Office)
Photo: Velislav Nikolov (EU2018BG)
2021-05-20: Yuna Choi, External Relations and Communication Officer at the African Development Bank speaking during Webinar on Economic Outlook for Asian Audience 2021. In frame, Mr. Takashi Hanajiri, head of the Asia external representation office in the Bank’s Tokyo office; Khaled F. Sherif, Vice of President AfDB Group; Linguère Mously Mbaye, consultant at the AfDB; Padmashree Gehl Sampath, Fellow and Senior Advisor at the Berkman Klein Center at Harvard University; Dr. Jingying Sun, Deputy Chief of Staff at the National Institute for Global Strategy at the Chinese Academy of Social Sciences and Chuku Chuku, OIC-Manager for Macroeconomic Policy, Debt Sustainability and Forecasting at the AfDB.
A team of economists from Colombia, Ecuador, Mexico, Paraguay and Uruguay will use country-specific data as “case studies,” testing two central hypotheses: first, that bad fiscal and monetary policies led to macroeconomic instability, and second, that macroeconomic instability was responsible for low growth and poor economic performance in this region. - See more at: bfi.uchicago.edu/events/fiscal-and-monetary-history-latin...
2019-06-10: Sharing a panel (L-R) Mr. Gabriel Negatu, Director General, East Africa Regional Development and Business Delivery, African Development Bank, Dr. Hanan Morsy, Director, Macroeconomic Policy, Forecasting and Research Department, AfDB; Victor Harrison, Commissioner for Economic Affairs, AUC; H.E. Abiy Ahmed, Minister of Finance Federal Democratic, President of Ethiopia and MR. Stephen Karingi, Director, Capacity Development Division, United Nations Economic Commission for Africa (UNECA) during the Launch of African Economic Outlook at the AU Summit in Addis Ababa, Ethiopia.
Professor Stembal prepares to launch into macroeconomics. On the board, you can see part of the enormous competition he organizes for students in the class. Stembal (speaking about debt): "If you find yourself in a hole, put the shovel down."
2025-05-27: Dr. Akinwumi A. Adesina, President and Chairman of the Board of Directors, African Development Bank Group poses with Dr. Hanan Morsy, Director of the Macroeconomic Policy, Forecasting and Research Department at the African Development Bank during the AM2025: Welcome Reception.
2023-02-18: Image of a slide during the 36th African Union Summit: 2023 Macroeconomic Report launch.
Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, received a courtesy call by H.E. Sergei Glazyev, Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission at the ASEAN Secretariat today.
Image Credit: ASEAN Secretariat/Kusuma Pandu Wijaya
Hsuan Peng, '17, and Lin Peng, '15, enjoy the ambient light as they review their Macroeconomics class notes. Photo taken September 20, 2013.
The Becker Friedman Institute hosted a conference in honor of Robert E. Lucas Jr. Oct. 7-8, 2016, followed by a dinner where he received the prestigious Phoenix Prize from the University of Chicago DIvision of Social Sciences.
2025-05-28: Prof. Kevin Chika URAMA, Chief Economist and Vice President for Economic Governance & Knowledge Management - African Development Bank Group, speaks at the panel beside Mr. Patrick Njoroge, Governor of the Central Bank of Kenya, Mr. Mr Patrick OLOMO, Policy Officer, Investment & Resource Mobilization, Economic Affairs Department, African. Union Commission, Dr. Hanan Morsy, Director of the Macroeconomic Policy, Forecasting and Research Department at the African Development Bank, Dr. Anthony Simpasa, Director of Macroeconomics Policy, Forecasting and Research, African Development Bank, Daouda Sembene, CEO, AfriCatalyst, Hannah Wanjie Ryder, Chief Executive Officer, Development Reimagined, and during AM2025: African Experts Panel - Stakeholder Engagement.
2025-05-28: Mr Patrick OLOMO, Policy Officer, Investment & Resource Mobilization, Economic Affairs Department, African. Union Commission, speaks at the panel (L-R), Mr. Patrick Njoroge, Governor of the Central Bank of Kenya, and Dr. Hanan Morsy, Director of the Macroeconomic Policy, Forecasting and Research Department at the African Development Bank, during AM2025: African Experts Panel - Stakeholder Engagement.
A team of economists from Colombia, Ecuador, Mexico, Paraguay and Uruguay will use country-specific data as “case studies,” testing two central hypotheses: first, that bad fiscal and monetary policies led to macroeconomic instability, and second, that macroeconomic instability was responsible for low growth and poor economic performance in this region. - See more at: bfi.uchicago.edu/events/fiscal-and-monetary-history-latin...