St Catharine's political cconomy seminars - series on the economics of austerity

Wed 17 October 2012

St Catharine's College

Jagjit Chadha, is Professor of Economics at the University of Kent and on the Advisory Board of the Centre of International Macroeconomics and Finance at the University of Cambridge. Previously Professor of Economics at the University of St Andrews and Fellow at Clare College, Cambridge. Educated at University College London and the London School of Economics. He worked at the Bank of England as an Official working on Monetary Policy. He was Chief Quantitative Economist at BNP Paribas (2005-2007). Editor of the Series Modern Macroeconomic Policy-making by Cambridge University Press. He has acted as visitor and advisor to many central banks throughout the world.

CONTENT: In this talk Jagjit will outline the scale of the fiscal problems facing the UK and some preliminary estimates on the multiplier, the financial market's capacity for holding debt and the likely level of spare capacity in the economy. Some causes of the crisis will be outlined and the extent to which they continue to drag growth down. The arguments for a fiscal plan B will be explored. Finally, he will outline the groundswell of support for a move to a more complete characterisation of stabilisation policy that encompasses the monetary-fiscal-liquidity settlement.

Cost: Free