Courses/Workshops
Institute of Continuing Education: Undergraduate Virtual Open Day
Looking to pursue your love of learning, take the next step in your career or take your first steps along a new career path? Join us for our upcoming Undergraduate Virtual Open Day on 21st May, where we’ll delve into the world of undergraduate study at the Institute of Continuing Education
St Catharine's Political Economy Seminar Series - David Miles
Wed 8 March 2017
St Catharine's College
Speaker:
Jonathan Perraton is Senior Lecturer in Economics at the University of Sheffield and an Associate Fellow of the Sheffield Political Economy Research Institute. He has published on economic globalisation, balance of payments constrained growth, political economy and economic methodology. He is a past coordinator of the Post-Keynesian Economics Study Group.
Talk Overview:
Much of the recent discussion of expansionary fiscal policy has abstracted from open economy issues. The degree of openness of an economy would be expected to affect the multiplier; further, the size, composition and financing of any expansionary package would be expected to affect the real exchange rate. Some studies have indicated particular responses here from public infrastructure investment. The response of interest rates determined in global markets is crucial; this is related here to earlier economics and political economy work on the feasibility of Keynesian policies under globalisation. Some of this earlier work pointed to possible risk premium effects limiting the effectiveness of Keynesian policies. This work is revisited, drawing on evidence from before and since the Global Financial Crisis.
Please contact the seminar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson (m.kitson@jbs.cam.ac.uk) in the event of a query.
Cost: FOC