June 9, 2011
2011 Federal Reserve Bank of Cleveland Policy Summit
2:40 - 4:10 p.m.
InterContinental Hotels Cleveland
9801 Carnegie Avenue
Cleveland, Ohio, 44106
No community has gone unscathed by the housing crisis and recent recession. However, low– and moderate–income communities have been disproportionately impacted by the housing market and economic crisis, further deepening the divide between the haves and the have–nots. Income inequality in this country is at an all–time high, and is among the highest in the developed world. In this environment, it is critical to revisit education and asset building policies, through the lenses of research and practice, that will support stability and upward mobility in poor communities.
Elected officials, researchers, practitioners, bankers, funders, and policymakers from across the Midwest took part in a summit to discuss the latest research on and best practices in housing mobility, education policies, and stable, sustainable communities. CEPR Senior Economist John Schmitt took part in a panel on the interrelationship between housing markets and labor markets. Other speakers on the panel included Abigail Wozniak, assistant professor at the University of Notre Dame, and Joseph Tracy, executive vice president and senior adviser to the president of the Federal Reserve Bank of New York.