EI News and Notes

Economists Ink: A Brief Analysis of Policy and Litigation

New Special Consultants Strengthen EI Financial Markets Practice

Two financial economists with significant government and academic experience have affiliated with EI as Special Consultants: Dr. Chester Spatt and Dr. Dean Furbush. Drs. Spatt and Furbush join other EI economists and Special Consultants with significant government experience at the major financial regulatory bodies and deep private sector expertise in finance- and securities-related litigation matters.

Chester Spatt is the Pamela R. and Kenneth B. Dunn Professor of Finance at the Tepper School of Business at Carnegie Mellon University. He served for three years as Chief Economist of the Securities and Exchange Commission and Director of its Office of Economic Analysis. Professor Spatt’s co-authored paper in the Journal of Finance won TIAA-CREF’s Paul Samuelson Award for the Best Publication on Lifelong Financial Security. He has served as Executive Editor and a founding editor of the Review of Financial Studies, President of the Society for Financial Studies, and President of the Western Finance Association. He also is currently a member of the Federal Reserve’s Model Validation Council, a Research Associate of the National Bureau of Economic Research, and Senior Economic Adviser to Kalorama Partners. He earned his Ph.D. in economics from the University of Pennsylvania.

Dean Furbush previously was the Chief Economist of the Nasdaq Stock Market and then Executive Vice President of Nasdaq Transaction Services. In the latter post, he had executive oversight and authority over the entire exchange. Dr. Furbush also has served as Economic Advisor to the Chairman of the Commodity Futures Trading Commission, as Financial Economist at the Securities and Exchange Commission, and as an economist at the President’s Council of Economic Advisors. He taught at Virginia Polytechnic Institute and State University and at the University of Maryland. He received a Ph.D. in Economics from the University of Maryland.