Once per semester the Economics Department shows a video of one of the monthly debates that take place in New York and bring together the world's leading authorities on the most important current issues.
This time, the participants are:
- Frederick Mishkin (Columbia University, member of the Board of Governors of the Federal Reserve System from 2006 to 2008 and author of of the textbook Economics of Money, Banking, and Financial Markets. Those who took Dr. Pardo's Monetary Economics used this textbook)
- John Taylor (Professor of Economics at Stanford University, Senior Fellow in Economics at Stanford University's Hoover Institution, and creator of the "Taylor rule." Those who took Dr. Pardo's Monetary Economics class know exactly what the Taylor rules is)
- Steve Forbes (editor-in-chief of business magazine Forbes)
- James Grant (writer and publisher. The founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets)
They will discuss the motion America Does Not Need a Strong Dollar Policy. It’s often taken for granted that America needs a strong dollar. When the value of the U.S. dollar is strong relative to other currencies, it becomes attractive to investors and allows Americans to buy foreign goods and services cheaply. But in times of recession, are we better off with a weak dollar that stimulates U.S. manufacturing by making our goods cheaper and more competitive? Or will the loss of purchasing power and currency manipulation abroad, offset the potential gains?
A video from recent live debate in New York will be shown at 11:30am-1pm in BL 265. If you are interested in attending this event, please contact Dr. Milica Bookman (email@example.com).