US Government Debt Different - Finance Department - University of ...

xivThe Contributorsover and the Next Financial Meltdown, a New York Times bestsellerchronicling the rise of the financial sector over the past three decades.His latest book, White House Burning: The Founding Fathers, OurNational Debt, and Why It Matters To You is a history and analysisof government deficits and the national debt. James has an A.B. insocial studies from Harvard, a Ph.D. in history from the Universityof California, Berkeley, and a J.D. from the Yale Law School. Beforegoing to law school, he worked as a management consultant and cofoundedGuidewire Software.Deborah J. LucasMIT - Sloan School of ManagementDeborah J. Lucas is the Sloan Distinguished Professor of Financeat MIT’s Sloan School of Management. Her recent research has focusedon the problem of measuring and accounting for the risk ofgovernment financial obligations. Her published papers cover a widerange of topics including the effect of idiosyncratic risk on asset pricesand portfolio choice, dynamic models of corporate finance, financialinstitutions, and monetary economics. Previous appointmentsinclude Assistant Director at the Congressional Budget Office from2009-2011; Donald C. Clark Professor of Finance at NorthwesternUniversity’s Kellogg School of Management from 1996-2009; ChiefEconomist at the Congressional Budget Office from 2000 to 2001;senior economist at the Council of Economic Advisers from 1992 to1993; and member of the Social Security Technical Advisory Panelsof 1999-2000 and 2006–2007. Past editorial positions include coeditorshipof the Journal of Money, Credit and Banking and associateeditorships for a number of finance and economics journals. Sheis the co-organizer of the group Capital Markets and the Economy atthe NBER, and a past director of the American Finance Association.She is an elected member of the National Academy of Social Insurance,a research associate of the NBER, and has served as a directoron several corporate and non-profit boards. She received her B.A.,M.A., and a Ph.D. in economics from the University of Chicago.Michael W. McConnellStanford Law SchoolMichael W. McConnell is the Richard & Frances Mallery Professorand Director of the Constitutional Law Center at Stanford Law