Two Bubbles and Two Central Banks: What Now?
Time: 2:00 PM – 4:00 PM
It has been six dreary years since the U.S. housing bubble peaked, and there
are finally suggestions that the housing market has at long last bottomed out. But has it?
If so, what are the financial and public policy implications? And Europe’s bubble: how
much longer will its sovereign debt and banking crisis drag on, and how much worse will
it get? Saddled with the rubble of a burst bubble, central banks are tasked with picking up
the pieces. How might we assess the past actions of the Fed and the European Central
Bank as “investors of last resort,” and how can we evaluate their challenges going
forward? These and other relevant questions will be addressed by an expert panel at this
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