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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 6 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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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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