At the LSE, a supergroup of economists considered what we can learn from the crisis
by Jessica Abrahams / March 26, 2013 / Leave a comment
Ben Bernanke at an all-star LSE event on what economists and policymakers should learn from the financial crisis
If there were such a thing as a supergroup of economists, this would be it. Ben Bernanke, chairman of the US Federal Reserve, Mervyn King, governor of the Bank of England, Larry Summers, former US secretary of the Treasury, Olivier Blanchard, chief economist of the International Monetary Fund, and Axel Weber, former head of the Bundesbank and now chair of UBS, gathered at the London School of Economics yesterday to discuss: “What should economists and policymakers learn from the financial crisis?” It’s an ambitious question and one that calls for Mervyn and the Monetarists to answer it.
King started out with a warning. “The crisis is far from over,” he said. “There will be many twists and turns before we can truly say that the crisis is over.” All the speakers were keen to stress how the situation in Cyprus shows we are not yet in the clear. “The rally in financial markets that we have seen has been a misleading signal,” Weber said. “Cyprus is a reminder that the eurozone economies have not been stabilised,” and the rally in sentiment was “too good to be true.”
You have now reached your allowance of 3 free articles in the last 30 days.
Don’t worry—to get another 7 articles absolutely free, just enter your email address in the box below.
You are in complete control of which 7 articles you choose to read. Register now to enjoy more of the finest writing on politics, economics, literature, the arts, philosophy and science.
When you register, we’ll also send you our free e-book—The past in perspective—which considers how reflecting on the past can give great insight into the present AND we’ll send you our free weekly newsletter. (If you prefer not to receive the newsletter you can unsubscribe at any time).
Prospect takes your privacy seriously. We promise never to rent or sell your e-mail address to any third party.
You can unsubscribe from the Prospect e-mail newsletter at any time.
