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Public policy impact on disasters discussed

March 10, 2009

KALAMAZOO--The impact of public policy in the wake of disasters will be the topic when a series of lectures examining the economics of disasters, both natural and man-made, continues at 3 p.m. Wednesday, March 18, in Room 3508 of Knauss Hall on the Western Michigan University campus.

Dr. Anthony Yezer, professor of economics and director of the Center for Economic Research at George Washington University, will address "Expectations and the Unexpected Consequences of Public Policy Towards Natural and Man-Made Disasters." His talk, at 3 p.m. in Room 3508 of Knauss Hall, is part of the 2008-09 Werner Sichel Lecture-Seminar Series and is free and open to the public.

Yezer earned his doctoral degree from MIT. His main area of interest is regional and urban economics, while his research has focused on credit risk measurement and mortgage lending, the economic effects of natural disasters and interregional migration.

Yezer has served as an expert witness for the Federal Trade Commission, testifying in connection with regulations governing consumer credit practices, and recently testified before Congress on issues related to credit market regulation and sub-prime lending. He recently served on the National Research Council's Panel on disaster research needs in the social sciences.

Yezer's work has appeared in more than a dozen peer-reviewed journals, including Journal of Law and Economics, Journal of Urban Economics, Journal of Real Estate Finance and Economics and Journal of Economic Perspectives. He also serves as the principal editor for the American Real Estate and Urban Economics Association monograph series.

Now in its 45th year, the annual Sichel Series is organized by the WMU Department of Economics and named in honor of longtime WMU economics professor, Dr. Werner Sichel, who retired in 2004. The series is cosponsored by the W.E. Upjohn Institute for Employment Research.

Media contact: Mark Schwerin, (269) 387-8400, mark.schwerin@wmich.edu

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