Participate in MIT Global Crisis Class (Webcast)

Hopefully (technology permitting), Tuesday at 4pm (Boston time) you will be able to watch class #2 of our special seminar on the global crisis, through this link:

The goal is to give you a sense of the discussion at MIT, and also to let you participate – you can post questions here either in advance or during the class (we’ll monitor the webpage); or you can send by email (baselinescenario at gmail dot com).

The topics will be:

1. Where do we stand in the overall crisis at this moment?  (Including what central banks have been doing, particularly since last week)

2. What is the case for a fiscal stimulus in the U.S.?  Here we’ll discuss my testimony to the Joint Economic Committee of Congress, posted here.  If you can read one thing in advance of class, please look at this.

3. What will be (and should be) the agenda for the G20 meeting in Washington on November 14-15? On this, we will talk with Arvind Subramanian, a leading strategist on emerging markets’ economic diplomacy.

4. And there will plenty of time for an open discussion based on topics that students want to air.

Our technical advisers strongly recommend that I mention the need for Windows Media Player. Version 9 or later will provide all needed functionality.  MIT has a support page for Windows Media that should help potential viewers see if they are ready:

We’ll provide you the link for the resulting on-demand version after the class (probably on Thursday).

Broadcasting the class in this way is an experiment.  Whether it’s a one-off or something we try to repeat will depend very much on your reactions and responses.  Please post here or send me email (baselinescenario at gmail dot com).

5 thoughts on “Participate in MIT Global Crisis Class (Webcast)

  1. On the ECB’s and Fed’s actions: I’m in favor of reflation, but the actions are pretty shocking. The Fed’s balance sheet has gone from < $1 trillion in assets to $2 trillion in 6 weeks! St Louis Fed shows adjusted monetary base, +30% y/y. ECB has gone from EUR 1.5 trillion to EUR 2.0 trillion in 2 months; dollar loans and “other assets”.
    What are the consequences for asset prices, inflation, and the sovereign/taxpayer risk?

    Also, please make a replay available!

  2. I’m just connecting, hence I lost most of the discussion…now the focus seem to be on the international aspects…I’d just like to mention how important would be for the agenda of the G-20 on Nov 14-15 to address the issue of the increasing disconnection between the financial sector and the real economy. In particular, trying to measure how much of a financial sector is pure gambling vs how much is responsible service to the real economy could be useful for future regulation policies. I’m trying to do it for my personal research and it’s certainly not an easy task…every suggestion is welcome!

  3. Dear all,

    Thank you for making this available. However, I am having a lot of trouble locating the other two classes! Can you provide a link to the global crisis seminar archive rather than straight to the video, perhaps? Also, although you refer interested visitors to the Sloan School of Management website to locate the videos, there doesn’t appear to be any direct link from there, and in fact even searching the site only brings up your short podcasts…

    Thanks again,


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