Monday, September 20, 2010
If U.S. growth in 2012 turns out to be 5%, Zandi will surely be invited back to the IMF to do a victory lap (see his presentation).
To see the video of the event, click here.
In a talk at the IMF, economists Nouriel Roubini (a.k.a. Dr. Doom) and Mark Zandi were pessimistic about the near-term economic outlook but split on how things might look a couple of years from now.
There is a 40 percent chance of a double dip recession in the United States and some other advanced countries, according to Nouriel Roubini, chairman of Roubini Global Economics and a New York University professor. He cautioned against reading too much into recent improvements in economic indicators for Eurozone countries, Read the full article…
Posted by 11:46 PM
atLabels: Events, Profiles of Economists
Monday, September 6, 2010
I was unemployed for a year. It was the most difficult time of my life. I was down to my girlfriend’s last dollar. Then, figuring that she was already in graduate school and had no need for them, I started selling off her undergraduate textbooks. Luckily, she had been a double major, so that kept me going for a while. Thirty years later, I can joke about it. But I know that unemployment is no joking matter, and particularly not for the 210 million people across the globe who are unemployed this Labor Day.
Here’s a paper I’ve written on the human cost of unemployment (lost earnings; lower life expectancy; lower earnings and academic achievement for children of the unemployed) and what can be done to get people back to work.
My institution is working with the International Labour Organization to draw attention to the unemployment crisis and to promote discussion of how to cure it. Give us your suggestions at: http://www.osloconference2010.org/
I was unemployed for a year. It was the most difficult time of my life. I was down to my girlfriend’s last dollar. Then, figuring that she was already in graduate school and had no need for them, I started selling off her undergraduate textbooks. Luckily, she had been a double major, so that kept me going for a while. Thirty years later, I can joke about it. But I know that unemployment is no joking matter,
Posted by 1:13 AM
atLabels: Inclusive Growth
Wednesday, September 1, 2010
“my view is that the risk of a hard landing is very high for the U.S. economy. I see essentially a recession coming by next year. I give it a very high likelihood. I argue that housing today, like the tech bust in 2000-2001 will have a macro effect; it is not going to be just a sectoral effect. I argue that U.S. consumers are now close to a ‘tipping over’ point given all the vulnerabilities I have discussed. I argue that the Fed easing will occur, so the next move is going to be a cut, but it is not going to prevent a recession. And, finally, I argue that the rest of the world is not going to be able to decouple from the U.S. even if it is not going to experience an outright recession like the United States. So on that cheerful note, I will stop.”
Read the full transcript here.
Nouriel Roubini predicted gloom and doom in a now famous but often misreported speech at the IMF on Sept. 7, 2006. Here’s what he really said:
“my view is that the risk of a hard landing is very high for the U.S. economy. I see essentially a recession coming by next year. I give it a very high likelihood. I argue that housing today, like the tech bust in 2000-2001 will have a macro effect;
Posted by 8:48 PM
atLabels: Events, Profiles of Economists
Saturday, August 28, 2010
Completion date: September 201? Read the full article…
Posted by 11:24 PM
atLabels: Uncategorized
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