Thursday, November 8, 2012
D'Alesandro (Sheraton Baltimore City Center Hotel)
*Names in bold indicate Presenter
The financial crisis destroyed trillions of dollars of wealth, yet federal regulators are implementing the 2010 Dodd-Frank law, intended to prevent the next crisis, with virtually no quantitative economic analysis. We review recently issued proposed and final rules to implement the Dodd-Frank financial reform legislation and characterize the nature/extent of any regulatory analysis provided by the issuing agency. We identify those rules for which established methods could provide quantitative information about costs, effectiveness or benefits. We also discuss institutional changes to facilitate the use of quantitative analysis by the independent regulatory agencies.