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Matthew Caulfield

Matthew Caulfield, a junior from Ocean City, NJ, received a crash course in several exciting areas of U.S. economic policy this past summer working at Third Way, one of the nation’s most respected think tanks. Now studying finance and business economics and public policy (BEPP) in Wharton, Matt transferred to Penn after his freshman year from Georgetown where he studied mathematics. He brings to Penn much more than his deeply analytical mind and passion for law, economics, and policy; he also brings a strong, active commitment to campus life and politics – and his love of opera singing.

Having spent a year at Georgetown and having explored his policy interests more deeply at Penn, Matt was ready for his own DC policy experience. This summer, Third Way gave him the opportunity to conduct substantive research and write on diverse aspects of the U.S. economy as an intern in their Capital Markets Initiative. “The Initiative focuses on explaining financial instruments and concepts (such as derivatives or bank liquidity) to DC policy professionals.” Through his internship, Matt coauthored a paper on Bitcoin’s monetary features and the costs and benefits of the online payment system for non-experts, and he developed a condensed briefing on Bitcoin, which he presented to Third Way’s entire economic policy staff. He also contributed to a paper on the Financial Stability Oversight Council’s designation of systemically important financial institutions, more commonly referred to as SIFIs or “Too Big to Fail” institutions. To assist with Third Way’s research on student loan debt and wealth inequality, he collected data and performed statistical analyses.

But Matt’s Washington experience was well-rounded. He attended a Wharton Executive Education event for congressional staff on derivatives led by Penn Wharton PPI Faculty Affiliate Dick Herring; he staffed a Third Way Workforce Development event with Vice President Biden and Secretary of Labor Perez; he attended a conference on the Heritage Foundation’s research on prize-linked retirement saving; and he took advantage of monthly presentations by the heads of each of Third Way’s policy divisions. “My internship exceeded my expectations. I was given the opportunity to do real policy work and much beyond the office, as well. It was a wonderful experience.”

On campus, Matt is an Executive Editor of the Penn Undergraduate Law Journal, which publishes undergraduate work in the field of law from students all around the world and is one of only three undergraduate law journals featured on HeinOnline, the world’s largest image-based legal research database. He has also written for the Law Journal’s popular legal blog, The Roundtable. He serves as the Treasurer for the University Honor Council as well and helps with their academic integrity initiatives, including organizing Greek life informational presentations and advocating for clearer syllabi collaboration policies. Additionally, he’s involved with the Penn Government and Politics Association in several ways, as a member of the Polybian Society, a writer for The Spectrum, and a Whip of the Liberal Caucus of the new Penn Political Union. His article on the Hobby Lobby case was even featured in The Spectrum’s signature Head-to-Head series, where opposing perspectives are put at odds, in its first-ever print publication earlier this semester. He is also a mentor for new students in the Transfer Student Organization, and he has held research positions in the OPIM and Management departments. And despite his studies and these many other commitments, Matt still finds time to continue his opera training, which he began six years ago. He has been a soloist in the Penn Baroque Ensemble, is a member of the Penn Singers Light Opera Company (which has an upcoming performance), and takes weekly voice lessons through Penn’s Blutt College House Music Program.

The Penn Wharton Public Policy Initiative was proud to support Matt’s internship at Third Way this summer and we look forward to all of his future contributions to Penn and the world beyond.

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <h3>Internal Revenue Service: Tax Statistics</h3><p> <img width="155" height="200" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/155/height/200/486_irs_logo.jpg" class="lw_image lw_image486 lw_align_left"/>Find statistics on business tax, individual tax, charitable and exempt organizations, IRS operations and budget, and income (SOI), as well as statistics by form, products, publications, papers, and other IRS data.</p><p> Quick link to <strong>Tax Statistics, where you will find a wide range of tables, articles, and data</strong> that describe and measure elements of the U.S. tax system: <a href="http://www.irs.gov/uac/Tax-Stats-2" target="_blank">http://www.irs.gov/uac/Tax-Stats-2</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Bureau of Economic Research (Public Use Data Archive)</h3><p> <img width="180" height="43" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/180/height/43/478_nber.jpg" class="lw_image lw_image478 lw_align_right"/>Founded in 1920, the <strong>National Bureau of Economic Research</strong> is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.</p><p> Quick Link to <strong>Public Use Data Archive</strong>: <a href="http://www.nber.org/data/" target="_blank">http://www.nber.org/data/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Reserve Economic Data (FRED®)</h3><p> <strong><img width="180" height="79" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/180/height/79/481_fred-logo.jpg" class="lw_image lw_image481 lw_align_right"/>An online database consisting of more than 72,000 economic data time series from 54 national, international, public, and private sources.</strong> FRED®, created and maintained by Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data.</p><p> Quick link to data page: <a href="http://research.stlouisfed.org/fred2/tags/series" target="_blank">http://research.stlouisfed.org/fred2/tags/series</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>MapStats</h3><p> A feature of FedStats, MapStats allows users to search for <strong>state, county, city, congressional district, or Federal judicial district data</strong> (demographic, economic, and geographic).</p><p> Quick link: <a href="http://www.fedstats.gov/mapstats/" target="_blank">http://www.fedstats.gov/mapstats/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Center for Education Statistics</h3><p> <strong><img width="400" height="80" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/400/height/80/479_nces.jpg" class="lw_image lw_image479 lw_align_right"/>The National Center for Education Statistics (NCES) is the primary federal entity for collecting and analyzing data related to education in the U.S. and other nations.</strong> NCES is located within the U.S. Department of Education and the Institute of Education Sciences. NCES has an extensive Statistical Standards Program that consults and advises on methodological and statistical aspects involved in the design, collection, and analysis of data collections in the Center. To learn more about the NCES, <a href="http://nces.ed.gov/about/" target="_blank">click here</a>.</p><p> Quick link to NCES Data Tools: <a href="http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4" target="_blank">http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4</a></p><p> Quick link to Quick Tables and Figures: <a href="http://nces.ed.gov/quicktables/" target="_blank">http://nces.ed.gov/quicktables/</a></p><p> Quick link to NCES Fast Facts (Note: The primary purpose of the Fast Facts website is to provide users with concise information on a range of educational issues, from early childhood to adult learning.): <a href="http://nces.ed.gov/fastfacts/" target="_blank">http://nces.ed.gov/fastfacts/#</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>HUD State of the Cities Data Systems</h3><p> <strong><img width="200" height="200" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/200/height/200/482_hud_logo.jpg" class="lw_image lw_image482 lw_align_left"/>The SOCDS provides data for individual Metropolitan Areas, Central Cities, and Suburbs.</strong> It is a portal for non-national data made available through a number of outside institutions (e.g. Census, BLS, FBI and others).</p><p> Quick link: <a href="http://www.huduser.org/portal/datasets/socds.html" target="_blank">http://www.huduser.org/portal/datasets/socds.html</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The World Bank Data (U.S.)</h3><p> <img width="130" height="118" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/130/height/118/484_world-bank-logo.jpg" class="lw_image lw_image484 lw_align_left"/>The <strong>World Bank</strong> provides World Development Indicators, Surveys, and data on Finances and Climate Change.</p><p> Quick link: <a href="http://data.worldbank.org/country/united-states" target="_blank">http://data.worldbank.org/country/united-states</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Aviation Administration: Accident & Incident Data</h3><p> <img width="100" height="100" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/100/height/100/80_faa-logo.jpg" class="lw_image lw_image80 lw_align_left"/>The NTSB issues an accident report following each investigation. These reports are available online for reports issued since 1996, with older reports coming online soon. The reports listing is sortable by the event date, report date, city, and state.</p><p> Quick link: <a href="http://www.faa.gov/data_research/accident_incident/" target="_blank">http://www.faa.gov/data_research/accident_incident/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>USDA Nutrition Assistance Data</h3><p> <img width="180" height="124" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/180/height/124/485_usda_logo.jpg" class="lw_image lw_image485 lw_align_right"/>Data and research regarding the following <strong>USDA Nutrition Assistance</strong> programs are available through this site:</p><ul> <li>Supplemental Nutrition Assistance Program (SNAP) </li> <li>Food Distribution Programs </li> <li>School Meals </li> <li>Women, Infants and Children </li></ul><p> Quick link: <a href="http://www.fns.usda.gov/data-and-statistics" target="_blank">http://www.fns.usda.gov/data-and-statistics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>NOAA National Climatic Data Center</h3><p> <img width="200" height="198" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/200/height/198/483_noaa_logo.jpg" class="lw_image lw_image483 lw_align_left"/>NOAA’s National Climatic Data Center (NCDC) is responsible for preserving, monitoring, assessing, and providing public access to the Nation’s treasure of <strong>climate and historical weather data and information</strong>.</p><p> Quick link to home page: <a href="http://www.ncdc.noaa.gov/" target="_blank">http://www.ncdc.noaa.gov/</a></p><p> Quick link to NCDC’s climate and weather datasets, products, and various web pages and resources: <a href="http://www.ncdc.noaa.gov/data-access/quick-links" target="_blank">http://www.ncdc.noaa.gov/data-access/quick-links</a></p><p> Quick link to Text & Map Search: <a href="http://www.ncdc.noaa.gov/cdo-web/" target="_blank">http://www.ncdc.noaa.gov/cdo-web/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Congressional Budget Office</h3><p> <img width="180" height="180" alt="" data-caption-enabled="false" src="/live/image/gid/4/width/180/height/180/380_cbo-logo.jpg" class="lw_image lw_image380 lw_align_right"/>Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.</p><p> The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. <strong>CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process.</strong> Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.</p><p> Quick link to Products page: <a href="http://www.cbo.gov/about/our-products" target="_blank">http://www.cbo.gov/about/our-products</a></p><p> Quick link to Topics: <a href="http://www.cbo.gov/topics" target="_blank">http://www.cbo.gov/topics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The Penn World Table</h3><p> The Penn World Table provides purchasing power parity and national income accounts converted to international prices for 189 countries/territories for some or all of the years 1950-2010.</p><p> <a href="https://pwt.sas.upenn.edu/php_site/pwt71/pwt71_form.php" target="_blank">Quick link.</a> </p><p>See all <a href="/data-resources/">data and resources</a> »</p>