Why do recessions and financial crises occur? How can individuals and governments limit damage and reduce suffering while promoting recovery? In this seminar, participants will examine the principles of business cycles and financial crises. An overview of several hundred years of past financial crises in the U.S. and the world and their consequences will highlight how the current financial crisis and recession are related. In discussion, participants will analyze remedies. Participants will review the roles of monetary policy, fiscal policy, market regulation, and their effects on local markets and real GDP worldwide.
Seminar led by Helen Roberts, University of Illinois at Chicago