ADVANCE REGISTRATION REQUIRED
Economic theory evolves after significant economic events. The Great Recession (2007 to 2009) and the subsequent slow recovery was such an event. This seminar explores the limits to our pre-recession understanding of macroeconomic management (traditional fiscal and monetary policy). Where did the theory go wrong? Where has that left the economy and the Fed? What new strategies is the Fed likely to pursue? Are we prepared for the next recession?