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Washington University in St. Louis News & Information > Faculty Experts at Washington University in St. Louis >
Professor of Economics in Arts & Sciences
Expertise: United States economy, consumer debt, sub-prime mortgage loans, macroeconomics, deficits, tax
Bio:
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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 link between macroeconomic activity and finance, particularly the financial determinants of investment spending, and the foundations of Keynesian macroeconomics. Recent publications include articles in a variety of academic journals including the Brookings Papers on Economic Activity, the Review of Economics and Statistics, the Journal of Public Economics, the Journal of Post Keynesian Economics, and the Quarterly Journal of Economics. His policy work on deficit reduction and capital gains taxation has been highlighted in several stories in the national press.
WUSTL Contact Information:
| Work: | (314) 935-5693 |
| Fax: | (314) 935-4156 |
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| E-mail: | fazz@wustl.edu |
| Address: | Campus Box 1208
One Brookings Drive
St. Louis, MO 63130
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Education:
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Ph.D. in Economics at Stanford University
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B.A. in Mathematical Sciences at Stanford University
| News Stories & Tip Sheets: |
Showing Stories 1 through 5 of 6.
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Experts to examine world economy
Financial meltdown: causes, consequences and cures
Oct. 16,
2008 -- The recent meltdown in financial markets around the world, government rescue plans and the future of the global economy will be the focus of an international panel of economic experts Friday, Oct. 17, 2:30 p.m., at Washington University in St. Louis. Free and open to the public, the event will be held in the Lab Sciences Building, Room 300 on the Danforth Campus.
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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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Are candidates addressing the deepening recession?
WUSTL economist Fazzari to discuss consumer impact on current crisis
Sept. 17,
2008 --
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| Fazzari |
Fazzari, Ph.D., professor of economics and associate director of the Weidenbaum Center on the Economy, Government, and Public Policy in Arts & Sciences, will discuss the conditions that have contributed to the economic turmoil, and share his research regarding what's in store for the future in his Assembly Series presentation, "The U.S. Economy in the Consumer Age." His conclusion will cover a discussion of how, if at all, the major policy steps proposed by the presidential candidates address the deepening recession. The event, free and open to the public, will be held at 4 p.m. Wednesday, September 24, in the Women's Building, Formal Lounge.
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We haven't yet hit bottom
Recession's root cause is consumer debt, expert says
March 31,
2008 --
While consumer spending once helped keep the economy healthy, rising consumer debt is the reason it's getting sick. The root cause of the current economic slowdown in the U.S. goes back several decades, according to an economics professor at Washington University in St. Louis.
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Tip of the iceberg?
Americans' love of spending money - especially on credit - could be bad news for the economy
Sept. 17,
2007 --
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| Mortgage woes could get worse thanks to easy credit. |
If it seems as though sub-prime mortgage loans stirred up trouble in the financial markets, just wait until debt problems spill over onto household spending. America's love affair with spending could trigger the most severe downturn in economic activity seen since at least the 1980s — and possibly since the Great Depression.
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Showing Stories 1 through 5 of 6.
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Business welcomes talk of tax breaks in stimulus
TheHill.com (DC) online
Jan. 7,
2009 -- The news that President-elect Obama may include more than $300 billion in tax cuts as part of an economic recovery package was preceded by a lobbying push by businesses, which argued that providing tax relief may be a better way of reviving the economy than simply directing money to pay for road and bridge construction. Includes comments by WUSTL economics professor Steven Fazzari.
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Economists Duke It Out over Stimulus Plan
NPR Morning Edition
Jan. 5,
2009 -- Experts disagree on how to fix the economy. Advisers to President-elect Barack Obama are assembling a huge plan to stimulate the economy. Some experts doubt this is a good idea. David Kestenbaum talks with some experts, including WUSTL economics professor Steve Fazzari.
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A wealth of ideas for Obama's stimulus program
Los Angeles Times
Dec. 1,
2008 -- The next president has yet to offer details of his economic stimulus plan. Its size and scope, and how he'll address housing and the auto industry, are up for debate. WUSTL economics professor Steven Fazzari comments.
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