De volgende recessie zal hard toeslaan
Er zal altijd een volgende recessie zijn, leert ons een economische basiswet. Economen maken zich zorgen om wat de volgende brengen zal.
In the US, unemployment is at its lowest point for two decades. Wage growth is rising, the economy is growing. Tim Phillips asks Jeffrey Frankel of Harvard University why he worries about the depth of the next recession.
Jeffrey Frankel – Economist and Professor, Harvard Kennedy School
Jeffrey Frankel is Harpel Professor of Capital Formation and Growth at Harvard University’s Kennedy School of Government. He is a Research Associate of the National Bureau of Economic Research, where he is also on the Business Cycle Dating Committee (which officially declares U.S. recessions) and co-chairs the International Seminar on Macroeconomics. Professor Frankel served at the US President’s Council of Economic Advisers in 1983-84 and 1996-99; he was appointed by Bill Clinton as CEA Member with responsibility for macroeconomics, international economics, and the environment.
Before moving east, he had been Professor of Economics at the University of California, Berkeley, having joined the faculty in 1979. In the past he has visited the IMF, the Federal Reserve Board, and the Peterson Institute for International Economics. His research interests include currencies, crises, commodities, international finance, monetary and fiscal policy, trade, and global environmental issues. He was born in San Francisco, graduated from Swarthmore College, and received his Economics PhD from MIT.
Publicatie 12 oktober