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Dean of the College presents

The Economic Crisis Turns Six: What Have We Learned (Again)?

A Faculty Seminar with Olivier Giovannoni

Wednesday, April 10, 2013

The immediate policy response to the 2008 crisis has been much better than that to the Great Depression. The management of the economy post-crisis, however, has been much less successful, leading to a painfully weak and historically slow recovery. As Americans suffer, economists are reminded of important economic principles. This seminar stresses two of them, with implications for policy. First, fiscal policy has been rediscovered as an effective tool in economic stabilization and its effectiveness has been demonstrated in Europe. Second, the unequal distribution of income has played a significant role in explaining the crisis and the slow recovery. So far, the acceptance of those two lessons has been limited among American policymakers and academics.

Please join us at 6:30 p.m. for a reception in the Olin Atrium.

For more information, call 845-758-7490, or e-mail jcerulli@bard.edu.

Time: 7:00 pm

Location: Olin, Room 102