MONDAY, FEBRUARY 11, 2008
The Economy According to Taylor and Judd: Chapter 1 of 5
Are we, in fact, in a recession? If not, is one still headed our way? Economists John Taylor and Kenn Judd discuss not only the state of the current economic slowdown, but how the definition of recession is evolving. “Mild” recessions have supplanted what were several decades ago long and painful periods of negative economic growth. Who to thank? We can begin with Ronald Reagan and Paul Volcker.
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About John Taylor and Ken Judd
Kenneth L. Judd is the Paul H. Bauer senior fellow at the Hoover Institution. He is an expert in the economics of taxation and imperfect competition. His current research focuses on tax policy and antitrust issues, as well as the development of computational methods for economic modeling. John B. Taylor is the Mary and Robert Raymond professor of economics at Stanford University and the Bowen H. and Janice Arthur McCoy senior fellow at the Hoover Institution. He formerly served as the director of the Stanford Institute for Economic Policy Research, where he is now a senior fellow, and was the founding director of Stanford’s Introductory Economics Center. He served as the undersecretary of the Treasury for international affairs during President George W. Bush’s first term.
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Uncommon Knowledge with Peter Robinson
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