The aftermath of financial crises: It doesn't have to be that bad

Date & time

Apr 8, 2014, 4:00-5:30 pm EDT


Michigan Union

Free and open to the public. Reception to follow. Continue the conversation on Twitter: #policytalks About the lecture: In the wake of the 2008 crisis, many have concluded that financial crises inevitably lead to prolonged, terrible recessions. But in fact, there have been a wide range of experiences throughout history. How much countries suffer depends crucially on the policies governments adopt. This examination of history has implications for what Europe and other areas should do today, and for what policies should be used in future crises. About the speaker: Christina Romer is the class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley. She is also co-director of the Program in Monetary Economics at the National Bureau of Economic Research. From January 2009 until September 2010, Dr. Romer served as Chair of President Obama's Council of Economic Advisers. An expert in economic history and macroeconomics, Dr. Romer is the author of numerous scholarly articles. She is best known for her work on the causes of the Great Depression and the subsequent recovery, and on the conduct and effects of monetary and fiscal policy. She is the recipient of numerous awards for her scholarship and teaching, including the Presidential Young Investigator Award from the National Science Foundation, membership in the American Academy of Arts and Sciences, and the Distinguished Teaching Award at the University of California, Berkeley. She has also written for the New York Times and appears frequently on television news programs.