How much would you pay to avoid a recession? In other words, can we place a price on the economic costs of business cycle fluctuations? Standard economic models give some clues but they bring difficulties. Can we account for the known difficulties with these models, or is it yet more complicated?\u00a0In the real world, might government policy have already acted to reduce the costs of fluctuations?<\/p>\n
The School’s Professor Jagjit Chadha is\u00a0the Mercers\u2019 School Memorial Professor of Commerce at Gresham College. He gave the latest\u00a0in a series of lectures on\u00a010 October on the subject of ‘The Costs of Business Cycles’.\u00a0 You can view the complete lecture here: www.gresham.ac.uk\/lectures-and-events\/the-costs-of-business-cycles<\/a><\/p>\n You can\u00a0view past lectures\u00a0by Professor Chadha plus details of future ones at www.gresham.ac.uk\/professors-and-speakers\/professor-jagjit-chadha<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"