George-Marios Angeletos, Professor of Economics
| Jan/28 | Thu | 01:00PM-02:30PM | E51-151 |
Enrollment: Unlimited: No advance sign-up
Recessions, or slow recoveries such as the recent one, are often attributed to “weak aggregate demand”. In this lecture, we explain why this notion is as deceptive as it is appealing. First, we review why this notion is fuzzy in the theory. Next, we explore what the data have to tell us. Finally, we draw lessons for policy, as well as for future research.
Sponsor(s): Economics
Contact: Beata Shuster, E17-201G, 617 253-8883, BSHUSTER@MIT.EDU