Leading economist to speak on financial crisis

09 July 2012 — 09 July 2012 Greenwich, University of

Location: Greenwich, UK
Venue: Medway Campus, University of Greenwich
Opening hours: 6:30 (BST) GMT

Dr Adam Posen, a member of the Bank of England’s Monetary Policy Committee, is giving a public lecture at the University of Greenwich on Monday 9 July.

Dr Posen will present his insights into the design and implementation of monetary policy, taking into account the lessons learned from the financial crisis. In his lecture, he will discuss why central banks may have “set up unreasonable expectations of stabilisation by claiming too much credit during the Great Moderation” and how politicians may have “chosen to follow mistaken economic ideals.” Dr Posen will also elaborate on why “blunt truth telling” and “forceful policy action” are necessary for the country in the current economic situation.

His talk, Lessons from Living in the Land of Keynes, takes place between 6.30pm and 9pm in the Pembroke Building at the university’s Medway Campus in Chatham Maritime.

A senior fellow at the Peterson Institute for International Economics, Dr Posen is an expert on macroeconomic policy and forecasting, European and Japanese political economy, central banking issues and the resolution of financial crises.

He has been a consultant on economic and foreign policy issues to several US government agencies as well as to the European Commission, the UK Cabinet Office and the International Monetary Fund. Dr Posen is also the author or co-author of six books and numerous articles, including widely-cited studies of inflation targeting, Japan’s Great Recession and recovery, the economic impact of asset price bubbles and of central bank independence.

Dr Posen is one of the most widely quoted economists in the financial press and electronic media. Until joining the Bank of England, he wrote regular columns for the Eurointelligence Syndicate, The International Economy magazine, and the German newspaper Welt am Sonntag. He has contributed frequently to the opinion pages and blogs of leading global publications, including the Financial Times, the New York Times, the Wall Street Journal, the Washington Post, Die Zeit, and the Nihon Keizai Shimbun.