Economic Recovery: Is It Time For a Mid-Course Correction? - New School Lectures
On Tuesday, May 19, 2009, The Schwartz Center for Economic Policy Analysis (SCEPA) at The New School for Social Research, held a half-day conference to critically evaluate the Obama administration’s current economic recovery plan. The question that was the focus of the conference was: is it time for a mid-course policy correction of serious magnitude, relating mainly to fiscal policy and bank regulation? Critical perspectives on the economic recovery plan also included discussions on (1) active labor market policies and what else policy makers can do to lessen the impact of the recession on the severity of joblessness, (2) the undue focus among policy makers and the media on GDP and bank health as a marker for a healthy economy.
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