When: Wednesday, April 10, 2019, 5:00 PM (Doors open at 4:30 PM)
Where: Perry World House, 3803 Locust Walk, Philadelphia, PA 19104
Open to: Members of the Penn Community. A Penn ID or proof of alumni status is required for entrance.
Chairman, Board of Governors, Federal Reserve 1987-2006
In addition to serving as chairman of the Federal Reserve Board from 1987 to 2006, Alan Greenspan led President Ford’s Council of Economic Advisors as chair from 1974 to 1977 and was the Chairman of the National Commission on Social Security Reform from 1981 to 1983. He was appointed a member of the President’s Foreign Intelligence Advisory Board, the Commission on Financial Structure and Regulation, and the Commission on an All-Volunteer Armed Force.
Before his appointment to the Federal Reserve Board, Dr. Greenspan served as a director of numerous corporations, including J.P. Morgan & Co., Inc.; Mobil Corporation; Aluminum Company of America (Alcoa); General Foods Corp, and Capital Cities/ ABC, Inc.
He was a term member of the Board of Trustees of the Rand Corporation, a member of the Board of Overseers of the Hoover Institution (at Stanford University), Vice Chairman and Trustee of the Economic Club of New York, and Director at the Council on Foreign Relations.
He received a B.S. (summa cum laude), M.A. and Ph.D. from New York University and honorary degrees from Harvard, Yale, Pennsylvania, Notre Dame, Leuven and Edinburgh universities. He has also received numerous awards, including the Commandeur de la Legion d’Honneur from France, Knight Commander of the British Empire and the Presidential Medal of Freedom, the United States’ highest civilian award.
Dr. Greenspan heads Greenspan Associates, a consulting firm in Washington, DC and is the author of New York Times Bestsellers The Age of Turbulence and The Map and the Territory: Risk, Human Nature, and the Risk of Forecasting. His newest book, coauthored with Dr. Adrian Wooldridge of The Economist and published last fall, is Capitalism in America: A History. He is married to Andrea Mitchell, NBC’s Chief Foreign Affairs Correspondent and host of MSNBC’s “Andrea Mitchell Reports.”
Faculty Director Penn Wharton Budget Model
Boettner Professor, Business Economics and Public Policy
Professor Smetters brings a wealth of policy expertise to The Penn Wharton Budget Model, with a strong record of research in public economics as well as work experience in the public sector. Starting in May 2001, he spent 17 months serving as Deputy Assistant Secretary for Economic Policy at the U.S. Department of the Treasury. He subsequently became a member of the bipartisan Blue Ribbon Advisory Panel on Dynamic Scoring, convened by the Joint Committee on Taxation of the U.S. Congress. His experience also includes a position as an economist in the Congressional Budget Office, and as a consultant for the World Bank and the Urban Institute.
Professor Smetters earned bachelor’s degrees in Economics and Computer Science from Ohio State University, and received his MA and PhD degrees in Economics from Harvard University. His research interests include financial regulation, government debt and Social Security policy, and retirement and financial planning. In addition to his faculty position at Wharton, Professor Smetters is a Faculty Research Fellow in the Aging Program at the National Bureau of Economic Research (NBER), as well as a Research Associate in NBER’s Public Economics Program. He also is a member of the National Academy of Social Insurance, and a Research Associate of the Michigan Retirement Research Center and the Pension Research Council.
Professor Smetters’ research has appeared in leading journals, including American Economic Review, Journal of Political Economy, and The Quarterly Journal of Economics. He often is cited in major news outlets such as the Wall Street Journal, Forbes, and Marketplace, and also hosts the program “Your Money” on Wharton Business Radio (Sirius XM Channel 132).