Lisa D. Cook
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Lisa D. Cook
Lisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the Board. Cook previously was a professor of economics and international relations at Michigan State University and a member of the American Economic Association's Executive Committee. An authority on international economics, especially on the Russian economy, she has been involved in advising policymakers from the Obama Administration to the Nigerian and Rwandan governments. In 2022, Cook was elected to the board of the Federal Reserve Bank of Chicago. Her research is at the intersection of macroeconomics and economic history, with recent work in African-American history and innovation economics. As one of the economic profession's few prominent black women, she has attracted attention within the economics profession for her efforts in mentoring black women and advocatin ...
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Federal Reserve Board Of Governors
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the preside ...
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American Economic Association
The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was established in 1885 in Saratoga Springs, New York by younger progressive economists trained in the German historical school, including Richard T. Ely, Edwin Robert Anderson Seligman and Katharine Coman, the only woman co-founder; since 1900 it has been under the control of academics. The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. The Association publishes one of the most pr ...
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School Integration In The United States
School integration in the United States is the process (also known as desegregation) of ending race-based segregation within American public and private schools. Racial segregation in schools existed throughout most of American history and remains an issue in contemporary education. During the Civil Rights Movement school integration became a priority, but since then ''de facto'' segregation has again become prevalent. School segregation declined rapidly during the late 1960s and early 1970s. Segregation appears to have increased since 1990. The disparity in the average poverty rate in the schools whites attend and blacks attend is the single most important factor in the educational achievement gap between white and black students. Background Early history of integrated schools Some schools in the United States were integrated before the mid-20th century, the first ever being Lowell High School in Massachusetts, which has accepted students of all races since its founding. The ...
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Milledgeville, Georgia
Milledgeville is a city in and the county seat of Baldwin County in the U.S. state of Georgia. It is northeast of Macon and bordered on the east by the Oconee River. The rapid current of the river here made this an attractive location to build a city. It was the capital of Georgia from 1804 to 1868, including during the American Civil War. Milledgeville was preceded as the capital city by Louisville and was succeeded by Atlanta, the current capital. Today U.S. Highway 441 connects Milledgeville to Madison, Athens, and Dublin. As of April 1, 2020, the population of Milledgeville was 17,070 down from 17,715 at the 2010 US Census. Milledgeville is along the route of the Fall Line Freeway, which is under construction to link Milledgeville with Augusta, Macon, Columbus, and other Fall Line cities. They have long histories from the colonial era of Georgia. Milledgeville is the principal city of the Milledgeville Micropolitan Statistical Area, a micropolitan area that include ...
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Georgia College & State University
Georgia College & State University (Georgia College or GC) is a public liberal arts university in Milledgeville, Georgia. The university enrolls approximately 7,000 students and is a member of the University System of Georgia and the Council of Public Liberal Arts Colleges. Georgia College was designated Georgia's "Public Liberal Arts University" in 1996 by the Georgia Board of Regents. Students pursue majors and graduate degree programs throughout the university's four colleges: College of Arts & Sciences, J. Whitney Bunting College of Business and Technology, John H. Lounsbury College of Education, and College of Health Sciences. Georgia College Athletics' 11 teams compete in the NCAA Division II Peach Belt Conference. History Georgia College was chartered in 1889 as Georgia Normal and Industrial College. Its emphasis at the time was largely vocational, and its major task was to prepare young women for teaching or industrial careers. In 1917, in keeping with economic and ...
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United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ...
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Innovation Economics
Innovation economics is new and growing field of economic theory and applied and experimental economics that emphasizes innovation and entrepreneurship. It comprises both the application of any type of innovations, especially technological, but not only, into economic use, in classical economics this is the application of customer new technology into economic use; but also it could refer to the field of innovation and experimental economics that refers the new economic science developments that may be considered innovative. In his 1942 book ''Capitalism, Socialism and Democracy'', economist Joseph Schumpeter introduced the notion of an innovation economy. He argued that evolving institutions, entrepreneurs and technological changes were at the heart of economic growth. However, it is only in recent years that "innovation economy," grounded in Schumpeter's ideas, has become a mainstream concept". Historical origins Joseph Schumpeter was one of the first and most important schol ...
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African-American History
African-American history began with the arrival of Africans to North America in the 16th and 17th centuries. Former Spanish slaves who had been freed by Francis Drake arrived aboard the Golden Hind at New Albion in California in 1579. The European colonization of the Americas, and the resulting transatlantic slave trade, led to a large-scale transportation of enslaved Africans across the Atlantic; of the roughly 10–12 million Africans who were sold by the Barbary slave trade, either to European slavery or to servitude in the Americas, approximately 388,000 landed in North America. After arriving in various European colonies in North America, the enslaved Africans were sold to white colonists, primarily to work on cash crop plantations. A group of enslaved Africans arrived in the English colony of Virginia in 1619, marking the beginning of slavery in the colonial history of the United States; by 1776, roughly 20% of the British North American population was of African d ...
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Economic History
Economic history is the academic learning of economies or economic events of the past. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic force and attempting to provide insights into the way it is structured and conceived. Using both quantitative data and qualitative sources, economic historians emphasize understanding the historical context in which major economic events take place. They often focus on the institutional dynamics of systems of production, labor, and capital, as well as the economy's impact on society, culture, and language. Scholars of the discipline may approach their analysis from the perspective of different schools of economic thought, such as mainstream e ...
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Macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as Gross domestic product, GDP (Gross Domestic Product), unemployment (including Unemployment#Measurement, unemployment rates), national income, price index, price indices, output (economics), output, Consumption (economics), consumption, inflation, saving, investment (macroeconomics), investment, Energy economics, energy, international trade, and international finance. ...
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Federal Reserve Bank Of Chicago
The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve regional Reserve Banks that, along with the Federal Reserve Board of Governors, make up the United States' central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District. Responsibilities As one of the Reserve Banks that make up the Federal Reserve System, the Chicago Fed is responsible for: * Helping to formulate national monetary policy. The Chicago Fed's CEO, Charles L. Evans, helps formulate monetary policy by taking part and voting in meetings of the Federal Open Market ...
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