IDLS – Today’s Economic Risks

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Date(s) - 16/03/11
12:15pm - 2:00pm


ZINC Federation Square
Swanston St & Flinders Street

As a leading American economist, Dr Feldstein will provide his insights into: the US economy; the risk of a weak recovery; the impact on inflation; the asset bubble and debt explosion; and touch on the economic situation in Europe.

The projected path of the U.S. national debt is the major challenge facing American economic policy. Without changes in tax and spending rules, the national debt will rise from 62 percent of GDP now to more than 100 percent of GDP by the end of the decade and nearly twice that level within 25 years. What impact will this have on the global economy?

About the Speaker: Dr Martin Feldstein He is currently the George F. Baker Professor of Economics at Harvard University, and the president emeritus of the National Bureau of Economic Research (NBER). He served as President and Chief Executive Officer of the NBER from 1978 through 2008. From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan. He has also been a member of the Washington-based financial advisory body the Group of Thirty since 2003. He is among the 10 most influential economists in the world according to IDEAS/RePEc. He is the author of more than 300 research articles in economics and is known primarily for his work on macroeconomics and public finance. He has pioneered much of the research on the working mechanism and sustainability of public pension systems. In 1997, writing about the upcoming European monetary union and the euro, Feldstein warned that the “adverse economic effects of a single currency.” “On February 6, 2009, Feldstein was announced as one of U.S. President Obama’s advisors on the President’s Economic Recovery Advisory Board.”
“A well-known figure on the Harvard campus, Feldstein taught the introductory economics class “Social Analysis 10: Principles of Economics“ (commonly referred to as “Ec 10” by Harvard students) for twenty years …. Ec 10 was routinely the largest class at Harvard.”
Source – Wikipedia

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