Regius Professor of Economics, London School of Economics; 2010 co-recipient of the Nobel Memorial Prize in Economic Sciences
November 10, 2014
5:15pm - 7:00pm
Lower Level Conference Room, Adolphus Busch Hall
After 40 inspiring years, the Greek Study Group will present its final event, featuring a keynote address by Sir Christopher Pissarides, the 2010 recipient of the Nobel Prize in Economics. This event will also recognize the contributions by the dedicated individuals who led the group over the last four decades: Roy Macrides, Paschalis Kitromilides, Sarah Kafatou, Lily Macrakis, Angeliki Laiou, Elizabeth Prodromou, Eleni Mahaira-Odoni, Michael Herzfeld, and Yannis Ioannides.
The European countries using the euro as their currency (the Eurozone) entered a recession in 2008 like the rest of the industrialized world but are still in it, with only small signs emerging that a recovery is beginning. Many blame the structure of labor markets for the prolonged recession. Closer examination shows that although many member-countries’ labor markets need reform, more blame for the prolonged recession should be placed on inappropriate monetary and fiscal policies adopted to manage the single currency in the crisis.