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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: macroeconomics, deficits, tax
Bio:
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| Fazzari |
Fazzari, a senior scholar of the Jerome Levy Economics Institute, teaches macroeconomics. 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) 935-5632 |
| Fax: | (314) 935-4156 |
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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 3 Stories.
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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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Money makes the world go 'round
Challenges for dollar, euro in global economy is focus of St. Louis conference, May 25
May 18,
2006 -- What challenges does globalization present for industrialized economies, such as the United States and the European Union? How will fluctuations in dollar and euro exchange rates affect economic growth, inflation and interest rates? Will globalization influence the role of the dollar and the euro in international financial systems? These are a few of the questions to be explored May 25 as high-ranking international finance policymakers from the European Union and the United States join scholars for a conference on "The Euro and the Dollar in a Globalized Economy" at Washington University in St. Louis.
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Showing 3 Stories.
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Consumer Debt, Not Housing Bubble, May Be Root of Economic Woes
ConsumerAffairs.com
April 2,
2008 -- WUSTL's Steven Fazzari, economics professor, comments on rising consumer indebtedness and it's role in the economic slowdown. Fazzari sees fundamental changes in the economy that are reducing the effectiveness of consumer spending as an economic driver.
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In time of tumult, obscure economist gains currency
The Wall Street Journal
Aug. 20,
2007 -- The recent market turmoil is rocking investors around the globe. But it is raising the stock of one person: a little-known economist named Hyman Minsky, whose views have suddenly become very popular.
Minsky, who taught economics at WUSTL and died more than a decade ago, spent much of his career advancing the idea that financial systems are inherently susceptible to bouts of speculation that, if they last long enough, end in crises. At a time when many economists were coming to believe in the efficiency of markets, Mr. Minsky was considered somewhat of a radical for his stress on their tendency toward excess and upheaval.
Former WUSTL economics professor Laurence Meyer and current economics professor Steven Fazzari comment.
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