4/1 NEC Webinar: ‘Inflation Fears and the Biden Stimulus: Look to the Korean War, Not Vietnam’ with Joseph Gagnon, Peterson Institute for International Economics
April 1, 2021
‘Inflation Fears and the Biden Stimulus: Look to the Korean War, Not Vietnam’ with Joseph Gagnon, Senior Fellow, Peterson Institute for International EconomicsDate: Thursday, April 1Time: 12pm to 1pm EST
The debate among economists over the size of President Joseph R. Biden Jr.’s $1.9 trillion stimulus package has drawn attention to past cases of inflation spurred by big government spending. Both sides have cited the Vietnam War of the 1960s as a precedent of an outbreak of inflation that would be difficult to reverse… A better historical analogy may be the large but temporary surge in inflation in 1951, related to the Korean War, which did not pose any lasting damage to the US economy.
REGISTRATION IS OPEN! Registration will be open until 11am, Thursday, April 1, 2021. You should receive a confirmation email after registering but the link to the webinar will come in a separate email on the morning of the event. If you do not receive a confirmation email or the event link by 11am the day of the event, please contact the NEC for that or any other questions at email@example.com.
About our speaker:Joseph E. Gagnon, senior fellow since September 2009, was visiting associate director, Division of Monetary Affairs (2008–09) at the US Federal Reserve Board. Previously he served at the US Federal Reserve Board as associate director, Division of International Finance (1999–2008), and senior economist (1987–1990 and 1991–97). He has also served at the US Treasury Department (1994–95 and 1997–1999) and has taught at the Haas School of Business, University of California, Berkeley (1990–91). He is author of Flexible Exchange Rates for a Stable World Economy (2011) and The Global Outlook for Government Debt over the Next 25 years: Implications for the Economy and Public Policy (2011), and coauthor of Currency Conflict and Trade Policy: A New Strategy for the United States (2017). He has published numerous articles in economics journals, including the Journal of International Economics, the Journal of Monetary Economics, the Review of International Economics, and the Journal of International Money and Finance, and has contributed to several edited volumes. He received a BA from Harvard University in 1981 and a PhD in economics from Stanford University in 1987. Read more here.