Mar 9

Past Event

Lessons from the Great Depression for 2009

Event Materials

Video

Highlights

  • Fiscal Stimulus Bill

    It will take time to reap the desired results from the administration''s efforts, Romer says, and adds that she feels they''ve put forth a fundamentally good bill.

  • The Worldwide Recession

    Romer says the more that countries throughout the world can move toward monetary and fiscal expansion, the better off we will all be.

Audio

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Summary

During its first weeks in office, the Obama Administration has put forth the largest and most comprehensive economic recovery package since the New Deal. It is a multi-pronged approach that includes the recently-enacted American Recovery and Reinvestment Act, a far-reaching financial stabilization plan, and a housing plan.

The economic crisis has clearly been the focus of the new president’s attention during his first 100 days in office and the global community will be watching to see the effects of this recovery effort.

On Monday, March 9, the Brookings Institution hosted Christina Romer, Chair of the Council of Economic Advisers, for a discussion of the current economic situation and the comprehensive recovery plan. Dr. Romer shared her views on our nation’s economic future, drawing contrasts and comparisons to the nation’s recovery following the Great Depression.

Before joining the White House, Dr. Romer was a professor of economics at the University of California Berkeley. She was also the co-director of the Program in Monetary Economics at the National Bureau of Economic Research and served as Vice President of the American Economic Association. She is an economic historian and a well-known expert on the Great Depression.

Brookings Senior Fellow Martin Neil Baily provided introductory remarks. After the program, Dr. Romer took audience questions.

Event Agenda

  • Introduction

  • Featured Speaker

    • Christina Romer

      Chair, Council of Economic Advisers

Details

March 9, 2009

1:30 PM - 3:00 PM EDT

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW

Map

For More Information

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