Stephen Matteo Miller

Stephen Matteo Miller

  • Senior Research Fellow

Stephen Matteo Miller is a senior research fellow at the Mercatus Center. He is interested in the origins, effects and resolution of financial crises. After graduating from George Mason University with a PhD in economics, Stephen worked as a consultant for several years at the World Bank. He later moved to Melbourne, Australia, where he worked for almost seven years at Monash University teaching undergraduate and graduate classes in macroeconomics and finance, and administering the PhD program.  Prior to joining Mercatus, Stephen was also a visiting assistant professor at Bryn Mawr College, in Bryn Mawr, PA.  He and his wife proudly hail from the City of Brotherly Love, the birthplace of American democracy.

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Testimony & Comments

Media Clippings

Expert Commentary

Aug 07, 2015

Section 953 of Dodd Frank requires the Securities and Exchange Commission to write a rule requiring public companies to report the ratio of the CEO's total compensation to median employee's total compensation. The SEC recently issued a final rule on a 3-2 vote. That's too bad, because pay ratios didn't cause the recent crisis and don't address the inequality that matters.
Jul 27, 2015

Several years ago, Stanford University Prof. Ulrike Malmendier and Stefan Nagel, now at the University of Michigan, shed light on how extreme events, like a stock market crash, can affect the way people invest. Those who experienced low returns on their investments around a crash were less willing to take on risk in their financial decisions. It's no surprise that financial market experiences in turn could influence policy views around the world, too.
Jul 27, 2015

Several years ago, Stanford University Prof. Ulrike Malmendier and Stefan Nagel, now at the University of Michigan, shed light on how extreme events, like a stock market crash, can affect the way people invest. Those who experienced low returns on their investments around a crash were less willing to take on risk in their financial decisions. It's no surprise that financial market experiences in turn could influence policy views around the world, too.
Jul 23, 2015

All told, our current legal and regulatory framework invites bank failure even five years after the passage of Dodd-Frank. Legislation focused on size does not address the problem, since it does nothing to reestablish the market discipline missing in the United States since before the Great Depression. Measuring equity at market value would restore that much-needed discipline.
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