Harvard Business School’s Business, Government, and the International Economy Conference

October 25, 2013

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Marco Annunziata
Marco Annunziata is the Chief Economist and Executive Director of Global Market Insight at General Electric Co. In his position, Marco is responsible for global economic, financial and market analysis to support GE’s business strategy. He is a member of the ECB’s Shadow Council. His book The Economics of the Financial Crisis has been published by Palgrave MacMillan (2011).

Marco joined GE in January 2011 after a long experience in the financial sector, where he was most recently Chief Economist at Unicredit, and previously Chief Economist for the Eastern Europe, Middle East and Africa region at Deutsche Bank in London. Prior to Deutsche Bank, he spent six years at the International Monetary Fund in Washington, where he split his time between emerging markets and the Eurozone. While at the IMF, Marco was involved in regular consultations with the Italian government, the Bank of Italy, the European Central Bank and the European Commission, and took part in loan negotiations in several European and Latin American emerging economies.  Marco holds a PhD in Economics from Princeton University and a BA in Economics from the University of Bologna.

Silvia Ardagna
Silvia Ardagna is an executive director in the global Macro & Markets research team based in London. Silvia joined Goldman Sachs from Bank of America Merrill Lynch, where she was a senior European economist. Prior to this, she was Associate Professor of Economics at Harvard University.

Her research work covers a variety of issues in macroeconomics, including a very topical one on the effects of fiscal austerity measures on economic activity and interest rates. She has published in major academic journals and her work on budget consolidations has recently received attention from policy-makers and the media.

She has been a consultant for the European Central Bank Fiscal Policy Division and a visiting fellow at the International Monetary Fund Fiscal Affairs Division.  Silvia has a BA and an MA in Economics from Universita' Bocconi, and an MA and PhD in Economics from Boston College, USA.

Mihir A. Desai
Mihir A. Desai is the Mizuho Financial Group Professor of Finance and Senior Associate Dean for Planning and University Affairs at Harvard Business School and Professor of Law at Harvard Law School. He received his Ph.D. in political economy from Harvard University.

Professor Desai's areas of expertise include tax policy, international finance, and corporate finance.  His academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms.  His research has been cited in The Economist, BusinessWeekThe New York Times, and several other publications. He is a Research Associate in the National Bureau of Economic Research's Public Economics and Corporate Finance Programs, and served as the co-director of the NBER's India program.

He has testified several times to Congressional bodies, including to a joint session of the Senate Finance Committee and the House Ways and Means Committee.  His professional experiences include working at CS First Boston (1989-1991), McKinsey & Co. (1992), and advising a number of firms and governmental organizations. He is also on the Advisory Board of the International Tax Policy Forum. 

Penelope Ismay
Penelope Ismay received her PhD from University of California, Berkeley, in 2010.  Her fields of interest include early Modern and Modern European social history, Britain and the British Empire; social history of the economy; urbanization and migration; and modernity. Professor Ismay is interested in how the radical changes associated with modernity were made socially meaningful in Britain and around the world. Her current project examines the surprising ways in which Britons used friendly societies to navigate the new social landscape of rapidly growing urban centers in the late eighteenth and nineteenth centuries. She is interested in teaching courses on early modern and modern Britain and its empire, revolution and social trust in modern Europe; money and credit, and the sociability of associational life.

William R. Kerr

William Kerr is an Associate Professor at Harvard Business School. Bill teaches Launching Global Ventures for second-year MBA students; Launching New Ventures and Owners, Presidents and Managers for executive students; and Theoretical and Empirical Perspectives on Entrepreneurship for doctoral students. Bill was previously co-chair of the first-year course The Entrepreneurial Manager at HBS. He has received Harvard's Distinction in Teaching award and was designated the HBS Marvin Bower Fellow.

Bill's research focuses on entrepreneurship and innovation. One research strand examines the role of immigrant scientists and entrepreneurs in US technology development and commercialization, as well as the subsequent diffusion of new innovations to the immigrants’ home countries. A second research strand considers agglomeration and entrepreneurship, with special interest in how government policies aid or hinder the entry of new firms, cluster formation, and growth. A final interest area is entrepreneurial finance and angel investments. Bill has worked with firms worldwide. Past projects include business plan development for start-up ventures in Hong Kong, establishing a corporate entrepreneurship and CVC unit within a Korean chaebol, and evaluating the acquisition of early-stage communications companies for a US multinational entering the Asian market. He also advised the governments of South Africa and Singapore on the economic benefits from telecom market deregulation.

Karim R. Lakhani
Karim R. Lakhani is the Lumry Family Associate Professor of Business Administration at the Harvard Business School and the Principal Investigator of the Harvard-NASA Tournament Lab at the Institute for Quantitative Social Science. He specializes in the management of technological innovation in firms and communities. His research is on distributed innovation systems and the movement of innovative activity to the edges of organizations and into communities. He has extensively studied the emergence of open source software communities and their unique innovation and product development strategies. He has also investigated how critical knowledge from outside of the organization can be accessed through innovation contests. Currently Professor Lakhani is investigating incentives and behavior in contests and the mechanisms behind scientific team formation through field experiments on the TopCoder platform and the Harvard Medical School.

Professor Lakhani was awarded his Ph.D. in management from the Massachusetts Institute of Technology. He also holds an MS degree in Technology and Policy from MIT, and a Bachelor's degree in Electrical Engineering and Management from McMaster University in Canada. He was a recipient of the Aga Khan Foundation International Scholarship and a four year doctoral fellowship from Canada's Social Science and Humanities Research Council. Prior to coming to HBS he served as a Lecturer in the Technology, Innovation and Entrepreneurship group at MIT’s Sloan School of Management.  Professor Lakhani has also worked in sales, marketing and new product development roles at GE Healthcare and was a consultant with The Boston Consulting Group.  He was also the inaugural recipient of the TUM-Peter Pribilla Innovation Leadership Award.

Ben Li
Ben Li received his PhD from University of Colorado at Boulder, 2011. Ben Li is an Assistant Professor of Economics and International Studies at Boston College.  He is also an External Fellow of the Leverhulme Centre for Research on Globalisation and Economic Policy at the University of Nottingham.  His research fields include international trade, development economics, and economic history.  His publications include articles, “Multinational production and choice technologies” in the 2010 issue of Economics Letters and “Geographic concentration and vertical disintegration: Evidence from China,” in the 2009 issue of the Journal of Urban Economics.

Christopher R. Leighton

Christopher Leighton studies modern China, with particular focus on business, culture, urban history, and the Chinese Communist Party. His dissertation, now under revision for publication, explores the fate of businessmen in the early People’s Republic of China, and shows that, paradoxically, they became integral parts of the nascent socialist system as “red capitalists” in the 1950s, an unrecognized legacy that provided the political and cultural precedent that facilitated China’s transition back to capitalism in the 1980s.

He received his Ph.D. (2010) in History and East Asian Languages from Harvard University. He teaches introductions to Traditional China (21H.151) and Modern China (21H.152), an elective seminar on Shanghai history (21H.351/11.153), and co-teaches an introductory course on comparative revolutions (21H.001).

Steve Pincus
Steven Pincus received his Ph.D. from Harvard University in 1990. At Yale he teaches 17th and 18th century British and European history, the history of the early British Empire, and Directed Studies.  In addition to research seminars in History, he regularly co-teaches cross disciplinary seminars with faculty in other departments.  Recent topics have included the Divergence of Britain, Comparative Revolutions, and Early Modern Empires in Theory and Practice.  He is a former chair of European Studies Council and program chair of the North American Conference on British Studies. Steve Pincus has supervised doctoral dissertations on a wide range of topics in British and Atlantic commercial, political, intellectual, cultural, and imperial history.

He is the author of Protestantism and Patriotism: Ideologies and the Making of English Foreign Policy, 1650-1668 and England’s Glorious Revolution 1688-89 and most recently 1688:The First Modern Revolution.  He has also edited two collections of essays.   He has published numerous essays on the economic, cultural, political and intellectual history of early modern Britain and comparative revolutions. In March 2010 he delivered the Sir John Neale lecture at University College, London.  Pincus is completing a book on the origins of the British Empire (c. 1650-1784) which offers a new interpretation of the American Revolution and the origins of British India. He is also working with Jim Robinson of Harvard on a book on the Divergence of Britain: the state and the making of the first industrial revolution.

Carmen M. Reinhart
Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. Previously, she was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and Professor of Economics and Director of the Center for International Economics at the University of Maryland. Professor Reinhart held positions as Chief Economist and Vice President at the investment bank Bear Stearns in the 1980s. She spent several years at the International Monetary Fund. Reinhart is a Research Associate at the National Bureau of Economic Research, and a member of the Congressional Budget Office Panel of Economic Advisers and Council on Foreign Relations. She has served on numerous editorial boards, has testified before congress, and was listed among Bloomberg Markets Most Influential 50 in Finance, 2011. She received her Ph.D. from Columbia University.

Reinhart has written on a variety of topics in macroeconomics and international finance and trade and her papers have been published in leading scholarly journals. Her work has helped to inform the understanding of financial crises for over a decade. Her best-selling book (with Kenneth S. Rogoff) entitled This Time is Different: Eight Centuries of Financial Folly(Princeton Press) documents the striking similarities of the recurring booms and busts that have characterized financial history and has been translated to 20 languages and won the 2010 Paul A. Samuelson TIAA-CREF Institute Award, among others.

Edward Steinfeld
Edward Steinfeld, a China specialist, studies the political economy of reform in emerging market systems. His work focuses on the intertwined problems of state enterprise reform and financial restructuring in China. Professor Steinfeld received his B.A. and Ph.D. in political science from Harvard University, and has been on the MIT faculty since 1996. He has also served as a consultant to the U.S. Department of the Treasury, the U.S. Department of State, and the World Bank, as well as non-governmental organizations, and corporations.

Professor Steinfeld is currently involved in three research projects. The first, a study of financial reform in China, examines the relationship between ideas – namely cognitive conceptions of markets on the part of political actors – and economic outcomes in reforming systems. A second project, conducted in conjunction with the World Bank and the Industrial Performance Center, examines the impact of globalization on Chinese industrial policy and structure and the global competitiveness of Chinese industrial producers. A third project is exploring China's rapidly-expanding energy sector and its ramifications for the global commons.

Alan M. Taylor
He is a Professor of Economics and Finance at the University of California, Davis. He is also a research associate of the National Bureau of Economic Research in Cambridge, Massachusetts, and a research fellow of the Center for Economic Policy Research in London. His research interests span international trade, finance, macroeconomics, and economic history. He read mathematics at King’s College, Cambridge, and graduated with a Ph.D. in economics from Harvard University.

His publications include numerous articles in a range of economics journals including the American Economic ReviewEconometrica, the Quarterly Journal of Economics, the Journal of International Economics, and the Journal of Economic History; edited volumes and the books Global Capital Markets: Integration, Crisis and Growth published by Cambridge University Press (with Maurice Obstfeld), and Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880–1935 published by The University of Chicago Press (with Gerardo della Paolera); and essays on policy and commentary in the Financial TimesForeign Affairs, Reuters, ft.com and vox.eu, among other publications.

In 2004 Alan was awarded a John Simon Guggenheim Memorial Fellowship. In 2009–10 he was named a Houblon-Norman/George Fellow at the Bank of England. He has been a visitor/consultant/speaker at many public sector organizations including the IMF, World Bank, IDB, ECB, BIS, various Federal Reserve Banks, and the central banks of France, Netherlands, Italy, Austria, Croatia, and Argentina. He has also served as a Senior Advisor at Morgan Stanley and have been a consultant to various asset managers.

Christopher M. Woodruff
Christopher Woodruff is professor of economics at the University of Warwick. He is a leading expert on enterprises in developing countries, and a pioneer in the use of field experiments in understanding enterprise dynamics in developing countries. His recent work includes measurement of rates of return to capital investments in microenterprises, the effect of formal registration on enterprise performance, the use of business plan competitions to identify small enterprises with potential for rapid growth, and the use of temporary wage subsidies to understand the willingness of microenterprises to expand employment. His previous work examined the ability of informal contracting and private institutions such as trade associations to govern trading relations in the absence of functioning state institutions. Geographically, his research spans a broad area of the developing world -­ Mexico, Vietnam, Sri Lanka, Ghana and Eastern Europe.

Woodruff is a member of the editorial board of the Journal of Development Economics, the World Bank Economic Review, the Journal of Comparative Economics, and the Journal of African Economies. Prior to joining Warwick, Woodruff was Professor of Economics at UC San Diego, where he also served as Director of the Center for U.S.-Mexican Studies from 2003 to 2008. Woodruff’s research has been supported by the U.S. National Science Foundation, the Consortium for Financial Systems and Poverty at the University of Chicago, the Templeton Foundations, 3ie, IGC, and the World Bank.

Pierre Yared
Pierre Yared is an Associate Professor of Business at Columbia Business School.  He received his PhD in Economics from MIT in 2007. Professor Yared teaches the core course Global Economic Environment. He is a macroeconomist whose focus is growth, development, and political economy. In particular, he seeks to understand the complex links between macroeconomic and political phenomena. His research blends theoretical and empirical approaches and explores a number of key issues in fiscal policy, redistributive policy, economic growth, political development, institutional cycles, and conflict. His research has been published in leading academic journals.