Mark Zandi, Chief Economist

• U.S. Senate Banking Committee, Dec.04, 2008
• U.S. Senate Budget Committee, Nov.19, 2008
• U.S. House Committee on Small Business
• U.S. Senate Budget Committee
• U.S. House Subcommittee on Commercial and Administrative Law
• U.S. House Financial Services Committee

Mark Zandi, Chief Economist discusses Visa's study of the economic impact of the shift from cash and checks to digital currency. View Now

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U, W, V, or L??

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What is behind the effective collapse of the financial system?

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Can the distressed Housing and Mortgage markets be saved?

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Growth has resumed in earnest, but policymakers need to stay aggressive lest the recovery falter.

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Plans for stemming the surge in mortgage foreclosures.

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Mark's research interests include macroeconomics, financial markets and public policy. His recent research has focused on the determinants of mortgage foreclosure and personal bankruptcy, analyzed the economic impact of various tax and government spending policies, and assessed the appropriate policy response to bubbles in asset markets. Mark also conducts regular briefings on the economy. He is often quoted in national and global publications and interviewed by major news media outlets and is the author of Financial Shock, an exposé of the financial crisis. His forthcoming book, Paying the Price, provides a roadmap for meeting the nation's daunting fiscal challenges.

A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Mark has frequently testified before Congress on topics including the economic outlook, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.

Dr. Zandi received his PhD at the University of Pennsylvania, where he did his research with Gerard Adams and Nobel laureate Lawrence Klein, and received his B.S. from the Wharton School at the University of Pennsylvania.

Next, models are constructed by applying econometric techniques to determine important historical relationships that can inform an assessment of the future. Market insight, derived from a wide range of sources—including our customers—is then used to supplement the data and models. Finally, we incorporate diverse areas of analytical expertise through weekly reviews of market developments.

To produce accurate economic forecasts, it is critical to have experience in understanding the limitations of the data and models used in the process and to adjust the process in response to these limitations. We update our economic outlook continuously, as we evaluate the underlying data and assumptions with each release of new economic statistics.

Zandi on Stimulus

His analysis, as well as the Obama team's description of their proposals,
are here:

• Taking Stock: Independent Views on TARP's Effectiveness
  Mark Zandi - November 19, 2009
• The Impact of the Recovery Act on Economic Growth
  Mark Zandi - October 29, 2009
• The Economic Impact of the American Recovery and Reinvestment Act
  Mark Zandi - January 21, 2009
• The Economic Impact of a $750 Billion Fiscal Stimulus Package
  Mark Zandi - January 6, 2009
• The Economic Impact of a $600 Billion Fiscal Stimulus Package
  Mark Zandi - November 28, 2008
• The Job Impact of the American Recovery and Reinvestment Plan:
  Christina Romer and Jared Bernstein; January 9, 2009

Financial Shock

• A fascinating exposé of the subprime crisis by one of the world's leading economists and expert on credit and credit markets.
• How mortgage lenders, investment bankers, builders, regulators, and the Fed caused one of the most devastating global economic disasters in history.
• How homeowners and investors can protect themselves from new financial shocks already on the horizon.
• Read Financial Shock by Mark Zandi for a systematic breakdown of the causes and resultant effects of the current subprime mortgage crisis crippling the American real estate and lending industries.
• Learn more at www.financialshock.com