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Stanford Institute for Economic Policy Research

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Stanford Institute for Economic Policy Research
NameStanford Institute for Economic Policy Research
Formation1982
TypeResearch institute
HeadquartersStanford, California
Parent organizationStanford University

Stanford Institute for Economic Policy Research is an academic research center based at Stanford University that conducts policy-relevant studies in applied economics, public policy, and related fields. Founded in 1982, the institute convenes scholars from multiple departments, collaborates with external institutions, and informs discussions in national and international venues such as Congress of the United States, Organisation for Economic Co-operation and Development, and World Bank. Its work is cited by think tanks, media outlets, and academic publishers including The Economist, The New York Times, and Nature.

History

The institute was established in 1982 at Stanford University during a period of expansion in U.S. policy research alongside centers such as Brookings Institution, Hoover Institution, and National Bureau of Economic Research. Early affiliates included scholars who had associations with Massachusetts Institute of Technology, University of Chicago, Harvard University, and Yale University, and the institute quickly developed ties to federal agencies like the Federal Reserve System and the Department of the Treasury. Through the 1990s and 2000s, collaborations extended to international bodies such as the International Monetary Fund and Inter-American Development Bank, while research themes echoed debates from events like the 1997 Asian Financial Crisis and the 2008 Financial Crisis. The institute has hosted conferences that drew participants from institutions including Princeton University, Columbia University, London School of Economics, and European Central Bank.

Mission and Research Focus

The institute's mission emphasizes empirical analysis and policy relevance, aligning with agendas seen at Russell Sage Foundation, Carnegie Endowment for International Peace, and Pew Research Center. Research spans labor markets and family economics with links to scholars from University of California, Berkeley and University of Michigan, public finance studies comparable to work at Tax Policy Center and Urban Institute, and macroeconomic investigations resonant with findings from International Monetary Fund research. Other focal areas include health policy intersecting with Centers for Disease Control and Prevention topics, education policy paralleling studies at American Educational Research Association, and technology policy informed by trajectories at Silicon Valley firms and institutions like Microsoft Research and Google. The institute organizes research programs that converse with debates framed in forums such as the G20 and the United Nations.

Organization and Leadership

The institute operates within Stanford University's organizational structure and reports to university leadership including the Stanford University Board of Trustees and deans of schools such as the Stanford Graduate School of Business and Stanford Law School. Directors have included faculty with prior roles at Princeton University, Harvard University, and the University of Chicago, and advisory boards have featured figures connected to Federal Reserve Bank of San Francisco, U.S. Department of Labor, and multinational organizations like World Health Organization. Research fellows hold joint appointments across departments including Department of Economics (Stanford University), Stanford Graduate School of Business, and School of Humanities and Sciences (Stanford University), while administrative ties link to units such as Stanford Research Office.

Programs and Initiatives

Programmatic work encompasses initiatives in inequality and social mobility with partners akin to Economic Policy Institute and Center on Budget and Policy Priorities, a financial regulation agenda that dialogues with Securities and Exchange Commission reform debates, and climate-economy projects that interface with Intergovernmental Panel on Climate Change research streams. The institute runs summer workshops and seminars comparable to NBER Summer Institute, hosts visiting scholars from places such as University of Oxford and University of Cambridge, and convenes policy roundtables with stakeholders from U.S. Congress, California State Legislature, and industry representatives from Apple Inc., Tesla, Inc., and Goldman Sachs. Training programs connect graduate students to fellowship models used by Rhodes Scholarship recipients and postdoctoral tracks similar to those at Fulbright Program.

Funding and Partnerships

Funding sources include philanthropic foundations like John D. and Catherine T. MacArthur Foundation, Carnegie Corporation of New York, and Gates Foundation, as well as corporate gifts and government grants from entities such as the National Science Foundation and National Institutes of Health. Partnerships extend to international research networks including CEPR (Centre for Economic Policy Research), IZA Institute of Labor Economics, and collaborative projects with regional institutions like Stanford Linear Accelerator Center affiliates and Silicon Valley stakeholders. The institute manages grant compliance consistent with policies of agencies like the Office of Management and Budget and engages in sponsored research agreements with firms including Alphabet Inc. and Meta Platforms, Inc..

Impact and Publications

Research outputs include working papers, policy briefs, and peer-reviewed articles published in outlets such as American Economic Review, Quarterly Journal of Economics, Journal of Political Economy, and multidisciplinary journals like Science and Proceedings of the National Academy of Sciences. Findings have influenced testimony before United States Senate Committee on Finance and recommendations adopted in state-level legislation in jurisdictions such as California and New York (state). The institute's citation footprint overlaps with scholars affiliated with NBER, CEPR, and IZA, and its public-facing communications are featured across media platforms including National Public Radio and The Wall Street Journal. Publications have advanced debates on subjects linked to events like the Great Recession and policy frameworks such as the Tax Cuts and Jobs Act of 2017.

Category:Stanford University research institutes