Christos Makridis, digital fellow at the MIT Sloan Initiative on the Digital Economy
From The Hill
The recent spotlight on homelessness and poverty in Baltimore, Los Angeles and other major cities highlights a growing challenge in urban America: the rising cost of living.
The economy is booming by nearly all accounts. Year-to-year real GDP growth has been at least 2 percent since President Trump was elected, the unemployment rate is at its lowest point since 1969 and year-to-year nominal wages are growing faster than they have since the 2008-09 Great Recession. But a handful of metropolitan areas are experiencing growing rates of homelessness and labor market exits.
For example, California’s population growth in 2018 was the slowest in recorded history. And, while the overall number of homeless people is at its lowest point since 2007, according to the latest statistics from the U.S. Department of Housing and Urban Development (HUD), the number of unsheltered people has grown from 175,399 in 2014 to 194,467 in 2018.
Former SEC Chief Economist and MIT Golub Center Senior Fellow Chester Spatt
Our latest installment of the MIT Sloan Experts Series includes a live conversation with former SEC Chief Economist and MIT Golub Center Senior Fellow Chester Spattand Golub Center Director and Professor of Finance Deborah Lucas.
As the 10-year anniversary of the great financial crisis approaches, the program seeks to answer two questions: what have we learned? And have we made enough progress to prevent a repeat of something similar? Chester and Deborah will discuss financial regulation and housing market finance reform, and share their ideas for fostering stronger ties between the regulatory and the academic communities and what lies ahead
MIT Sloan Prof. and Golub Center Director Deborah Lucas
Laurie Goodman,co-director of the Housing Finance Policy Center at the Urban Institute also appears on the program to talk about the housing shortage and housing finance reform.