Recent Developments in Macroeconomics
New York, March 4th 2005

2004 Conference
The Means to Prosperity: Fiscal Policy Reconsidered

Washington DC, February 20th, Friday 2004
A Conference on the Recent Developments in Macroeconomics
held within the Eastern Economics Association's Annual Conference

Conference papers were combined to form a book on "The Means to Prosperity: Fiscal Policy Reconsidered" to be published by Routledge in early 2005, edited by Per Gunnar Berglund and Matias Vernengo. A summary of the conference sessions which appears in the introduction to the book is available here: - Summary of Conference Sessions - The Means to Prosperity

Friday 20 February 2004
9am
THE EFFICACY OF FISCAL POLICY

Chair: Per G. Berglund, Center for Economic Policy Analysis, New School University

Integrating Sound Finance with Functional Finance
David Colander, Middlebury College (Colander@Middlebury.edu)
Peter H. Matthews, Middlebury College (peter.h.matthews@middlebury.edu)

The Case for Fiscal Policy
Malcolm C. Sawyer, Leeds University Business School (mcs@lubs.leeds.ac.uk)
Philip Arestis, Levy Economics Institute (p.arestis@levy.org)

Fiscal Policy to Counter a Recession
Laurence S. Seidman, University of Delaware (seidmanl@lerner.udel.edu)
Kenneth A. Lewis, University of Delaware

Three Simple Steps to Fix the Federal Budget: The 20-40 Solution
Max B. Sawicky, Economic Policy Institute (sawicky@epinet.org)

Discussants:
Harald Hagemann, University of Hohenheim (hagemann@uni-hohenheim.de)
Laurence S. Seidman, University of Delaware (seidmanl@lerner.udel.edu)
Willi Semmler, New School University (SemmlerW@newschool.edu)
Matias Vernengo, University of Utah (Vernengo@economics.utah.edu)

11am
LONG-TERM SUSTAINABILITY OF FISCAL POLICY

Roundtable on the Political Economy of the Deficit
Moderator: Matias Vernengo, University of Utah (Vernengo@economics.utah.edu)

Panelists:
Barbara R. Bergmann, American University (bbergman@wam.umd.edu)
Jeffrey A. Frankel, Kennedy School of Government, Harvard University (jeffrey_frankel@harvard.edu)
William A. Niskanen, Cato Institute (wniskan@cato.org)
Laurence S. Seidman, University of Delaware (seidmanl@lerner.udel.edu)

This session was reprinted as "A Debate on the Deficit" by Per Gunnar Berglund and Matias Vernengo in Challenge Magazine Nov-Dec 2004.

2pm
EXTERNAL AND INTERNAL CONSTRAINTS ON FISCAL POLICY

Session Chair: Willi Semmler, New School University (SemmlerW@newschool.edu)

Fiscal Policy and the Provision of Global Public Goods
Inge Kaul, UNDP (inge.kaul@undp.org)

The Fiscal Squeeze in Developing Countries
Barsha Khattry, Hofstra University (Barsha.Khattry@hofstra.edu)

Endogenous Fiscal Crisis: Theory and Brazilian Experience
Matias Vernengo, University of Utah (Vernengo@economics.utah.edu)

Gerhard Colm's Early Analysis of Government Expenditures: A Contribution to a Theory of Public Finance
Harald Hagemann, University of Hohenheim (hagemann@uni-hohenheim.de)

Discussants:
Barsha Khattry, Hofstra University (Barsha.Khattry@hofstra.edu)
Malcolm C. Sawyer, Leeds University Business School (mcs@lubs.leeds.ac.uk)
Peter H. Matthews, Middlebury College (peter.h.matthews@middlebury.edu)
Perry G. Mehrling, Barnard College (pmehrling@barnard.edu)

4pm
FISCAL POLICY: POLITICAL ECONOMY AND INTELLECTUAL HISTORY

Session Chair: Matias Vernengo, University of Utah (Vernengo@economics.utah.edu)

Varieties of Fiscal Stimulus: A Conflicting Claims Analysis
Alan G. Isaac, American University (aisaac@american.edu)

A Historical Perspective on the Future of Macroeconomic Theory and Policy
Perry G. Mehrling, Barnard College (pmehrling@barnard.edu)

Fiscal Policy and the Long-Run Paradox of Thrift
Per G. Berglund, Center for Economic Policy Analysis, New School University (bergp867@newschool.edu)

Debt Sustainability in the European Monetary Union: Theory and Empirical Evidence for Selected Countries
Willi Semmler, New School University (SemmlerW@newschool.edu); Uwe Koeller, University of Bielefeld; and Alfred Greiner, University of Bielefeld

Discussants:
Per G. Berglund, Center for Economic Policy Analysis, New School University (bergp867@newschool.edu)
David Colander, Middlebury College (Colander@Middlebury.edu)
Max B. Sawicky, Economic Policy Institute (sawicky@epinet.org)
Alan G. Isaac, American University (aisaac@american.edu)

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