Policies That Work Series

The Wharton School's new "Policies That Work" series, exploring policies that shape America, concluded for the fall semester with "Real Estate, Interest Rates, and the Shifting American Dream," a discussion between three Wharton professors that originally streamed live on Wharton's LinkedIn page:

Maisy Wong (Moderator): James T. Riady Associate Professor of Real Estate
Joseph Gyourko: Martin Bucksbaum Professor, Professor of Real Estate, Professor of Finance, Professor of Business Economics & Public Policy, Nancy A. Nasher and David Haemisegger Director of the Zell/Lurie Real Estate Center
Susan Wachter: Albert Sussman Professor of Real Estate, Professor of Finance, Co-Director, Penn Institute for Urban Research

Their conversation focused on the critical policy issues shaping housing, real estate, and the changing dream of homeownership in America. They discussed how rising mortgage rates and shifting market conditions are making homeownership more difficult to attain, offering insights into the impacts of affordability, housing supply, and new lending practices on the real estate market.

#realestate #homebuying #housingmarket #homeownership

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Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world.

With a standing faculty of 241 renowned professors, Wharton has 5,000+ students across four degree programs: undergraduate, MBA, executive MBA, and doctoral. Each year 13,000+ professionals from around the world advance their careers through Wharton Executive Education’s individual, company-customized, and online programs – with 200,000+ others earning certificates from Wharton Online since 2015. More than 104,000 Wharton alumni form a powerful global network of leaders who transform business every day.

Learn more about Wharton: https://www.wharton.upenn.edu/
Subscribe to the Wharton YouTube channel: https://www.youtube.com/user/thewhartonschool/?sub_confirmation=1

The Wharton School's new "Policies That Work" series, exploring policies that shape America, continued with "AI, Technology, and the Role of Regulation," a discussion between three Wharton professors that originally streamed live on Wharton's LinkedIn page:

- Stefano Puntoni (Moderator): Sebastian S. Kresge Professor of Marketing and AI at Wharton Co-Director
- Kartik Hosanagar: John C. Hower Professor of Operations, Information, and Decisions and AI at Wharton Co-Director
- Kevin Werbach: Liem Sioe Liong/First Pacific Company Professor, Professor of Legal Studies & Business Ethics, Legal Studies and Business Ethics Chairperson

Their conversation provided valuable insight to the challenges and opportunities that arise when technology advances faster than policies can keep up. They discussed how governments, businesses, and regulators are navigating this complex landscape, explored the impact of current regulations, and offered advice on how to use AI responsibly in work and life.

0:00 Introduction
1:55 Major concerns that policymakers have about AI
4:43 AI concerns that stood out to panelists
9:59 How should regulators approach AI policies?
13:21 How approaches to AI regulation differs across countries
22:15 Potential biases and problems in AI
27:34 How AI regulation relates to technology regulation
29:57 Accuracy and reliability
34:00 The connection to energy policy
38:06 The impact of AI regulation on competition and collaboration
43:05 How can we stop regulatory capture by big tech companies?
47:00 How AI regulation impacts liability
51:29 How policies can provide subsidies and incentives
56:57 Managing misinformation

#AI #artificialintelligence #bigtech #techregulation #airegulation

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Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world.

With a standing faculty of 241 renowned professors, Wharton has 5,000+ students across four degree programs: undergraduate, MBA, executive MBA, and doctoral. Each year 13,000+ professionals from around the world advance their careers through Wharton Executive Education’s individual, company-customized, and online programs – with 200,000+ others earning certificates from Wharton Online since 2015. More than 104,000 Wharton alumni form a powerful global network of leaders who transform business every day.

Learn more about Wharton: https://www.wharton.upenn.edu/
Subscribe to the Wharton YouTube channel: https://www.youtube.com/user/thewhartonschool/?sub_confirmation=1

The Wharton School's new "Policies That Work" series, exploring policies that shape America, opened with "Federal Debt, Trade Policies, and the Future of the U.S. Economy," a discussion between three Wharton professors that originally streamed live on Wharton's LinkedIn page:

- Joao Gomes (Moderator): Senior Vice Dean of Research, Centers, and Academic Initiatives, and Howard Butcher III Professor of Finance
- Jeremy Siegel: Russell E. Palmer Professor Emeritus of Finance
- Kent Smetters: Boettner Professor of Business Economics and Public Policy, and Faculty Director of the Penn Wharton Budget Model

Their conversation focused on the intricate relationship between national debt and economic stability, growth, and the financial well-being of individuals. By exploring how federal borrowing impacts interest rates, inflation, and future fiscal policies, the panel covered what the rising debt in the U.S. means for the economy at large — and your personal finances.

0:00 Introduction
1:57 Effect of presidential campaign policy proposals on U.S. economy
9:21 Interest rate rises - when does debt reach unsustainable levels?
18:21 How do different tax policies impact the economy?
29:10 Assessment of tariffs as a policy
36:35 What each candidate's election could mean for markets
45:30 Cost and impact of employment policies
50:37 Analyzing industrial policies
54:16 Campaign proposals that have stood out to panelists

#nationaldebt #useconomy #inflation #interestrates #monetarypolicy

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Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world.

With a standing faculty of 241 renowned professors, Wharton has 5,000+ students across four degree programs: undergraduate, MBA, executive MBA, and doctoral. Each year 13,000+ professionals from around the world advance their careers through Wharton Executive Education’s individual, company-customized, and online programs – with 200,000+ others earning certificates from Wharton Online since 2015. More than 104,000 Wharton alumni form a powerful global network of leaders who transform business every day.

Learn more about Wharton: https://www.wharton.upenn.edu/
Subscribe to the Wharton YouTube channel: https://www.youtube.com/user/thewhartonschool/?sub_confirmation=1