Economic Issues
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A "Minsky moment"
WUSTL economist says the time is nigh: Unsustainable financial boom turns to bust
Sept. 26,
2008 --
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| Fazzari |
WUSTL economist Steven Fazzari, Ph.D., argues that we have now reached the "Minsky moment," the time when an unsustainable financial boom turns to bust. "The serious consequences for employment and economic growth in this crisis can be mitigated, but not eliminated, by the defensive financial bailouts that the federal government has initiated," Fazzari says.
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| Faculty Experts: |
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Michele Boldrin
Joseph Gibson Hoyt Distinguished Professor in Arts and Sciences and chair of the Department of Economics
Professor Boldrin is an economist with a broad range of interests. His work includes research in business cycles and asset pricing; growth and demographic change; innovation and intellectual property; and public policy and the welfare state. Boldrin is a fellow of the Econometric Society. He is also ...
Expertise: Public policy, foreign policy, economic crisis, economic growth, innovation, business cycles, intellectual property, …
Direct contact: (314) 935-5636
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mboldrin@artsci.wustl.edu
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David K. Levine
John H. Biggs Distinguished Professor, economics
Levine has a particular interest in voter participation; issues relating to intellectual property including copyright, patent and Internet policy; and asset markets and credible payment schemes. He is a Fellow of the Econometric Society and president of the Society of Economic Dynamics. Levine and ...
Expertise: Game theory, general equilibrium theory, microeconomic theory, intellectual property and asset markets
Direct contact: (314) 935-5648
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levine@wustl.edu
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Cheryl Block
Professor of Law
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| Cheryl Block |
Cheryl Block is an expert in tax law and policy. Author of a leading book on corporate taxation, she has also written numerous articles on taxation, public policy relating to federal bailouts, legislative voting rules, social choice theory, federal budget process, and the interplay between tax and ...
Expertise: federal budget, tax law and policy, corporate taxation, federal bailouts
Direct contact: (314) 935-6444
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cblock@wulaw.wustl.edu
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Stuart Greenbaum
Bank of America Professor of Managerial Leadership
Greenbaum is an expert on banking and financial markets. He has served on 15 corporate boards and has on numerous occasions testified before Congressional committees, as well as other legislative bodies. Greenbaum spent 10 years as dean of the Olin Business School. Before joining Olin Greenbaum spent ...
Expertise: banking, corporate governance, financial markets, management, business school
Direct contact: (314) 935-6397
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greenbaum@olin.wustl.edu
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Steven Fazzari
Professor of Economics in Arts & Sciences
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| Fazzari |
Fazzari, a senior scholar of the Jerome Levy Economics Institute, has written about ways the presidential candidates are addressing the deepening recession. He's also been quoted extensively in the media on sub-prime mortgage loans and the financial markets. His research explores two main areas: the ...
Expertise: United States economy, consumer debt, sub-prime mortgage loans, macroeconomics, deficits, tax
Direct contact: (314) 935-5693
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fazz@wustl.edu
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