Arrol Adam Lecture by Professor Coen Teulings: Secular stagnation, the introduction of the pill, and house prices
Thursday 18 February 6:00
Location: Upper Hall, Fitzwilliam College
Book a place here.
Download book on Secular Stagnation here.
Professor Coen Teulings is the Montague Burton Chair of Labour Economics and Industrial Relations at the University of Cambridge.
It is now 7 years since the global crisis and although there are signs that at least the US and the UK are growing close to the rates of growth before the crisis, the level of GDP has not returned to a path it would have achieved in the absence of the crisis.The term 'secular stagnation' was first coined by Larry Summers, Professor of Economics at Harvard University. As Professor Barry Eichengreen observed: “The idea that America and other advanced economies might be suffering from more than the hangover from a financial crisis resonated with many observers. … but while the term 'secular stagnation’ was widely repeated, it was not widely understood."
Coen Teulings provides some welcome clarity on this important issue for the world economy.
The Arrol Adam Lectures were set up in memory of William Arrol Adam, who read Chemistry at Fitzwilliam House in 1905 and died in 1939. It was the stated intention of the bequest, made in 1962 by his widow Jane Wylie Adam, to disseminate knowledge, promote discussion of issues of general interest and concern and to foster the use of plain and simple English.