UNDERSTANDING THE CURRENT ECONOMIC CRISIS: UCLA ECONOMISTS SPEAK OUT

In recent months, UCLA economists have actively written and spoken about the current economic crisis. Below are links (in chronological order) to the various opinions and ideas put forth by our economics faculty on issues such as how the current disaster was allowed to develop, how the proposed economic policies are likely to work, and what the future holds for our economy.

Prof. Lee Ohanian, February 10, 2014:
Why we continue to lose the War on Poverty

Distinguished Professor Roger Farmer, February 4, 2014:
A Q & A with Roger Farmer (Interview with World Economic Forum’s Tomas Hirst)

Prof. Lee Ohanian, February 3, 2014:
U.S. Productivity Growth Has Taken a Dive

Distinguished Professor & 2013 Senior Houblon Norman Fellow Roger Farmer, December 19, 2013:
"How to Stop Financial Panics? Say Hello to Qualitative Easing" (Interview with WSJ Jason Douglas)

Prof. Lee Ohanian, September 18, 2013:
What Economic Recovery?

Distinguished Professor & Senior Houblon Fellow Bank of England Roger Farmer, July 19, 2013:
A sovereign wealth fund can save the UK from market meltdown

Distinguished Professor Roger Farmer, April 1, 2013:
Confessions of a Keynesian heretic

Distinguished Professor & Senior Houblon Norman Fellow Bank of England Roger Farmer, January 23, 2013:
Why financial markets are inefficient

Prof. Lee Ohanian, December 12, 2012:
Prescott and Ohanian: Taxes Are Much Higher Than You Think

Prof. Lee Ohanian, October 30, 2012:
Equality of opportunity, not income, is needed

Prof. , October 29, 2012:
Payroll Taxes Are 'Regressive'? Time to Rethink That Idea

Prof. Lee Ohanian, October 29, 2012:
Payroll Taxes Are 'Regressive'? Time to Rethink That Idea

Prof. Lee Ohanian, August 21, 2012:
Ohanian on the Great Recession and the Labor Market

Prof. Aaron Tornell, June 22, 2012:
Europe Needs a Federal Reserve

Distinguished Professor and Department Chair Roger Farmer, May 8, 2012:
Central banks should do much more

Prof. Aaron Tornell, March 28, 2012:
Has the ECB hit a limit?

Distinguished Professor and Department Chair Roger Farmer, March 5, 2012:
Roger Farmer: Espero ver un nuevo relajamiento cuantitativo en EE. UU.

Prof. Aaron Tornell, December 6, 2011:
Eurozone Crisis, Act Two: Has the Bundesbank reached its limit?

Prof. Andrew Atkeson, November 28, 2011:
The Rising Fear in Bank Stock Prices (search the title in Google News to unlock the article)

Distinguished Professor and Department Chair Roger Farmer, November 4, 2011:
Banks, Wealth and a Crisis of Confidence

Prof. Aaron Tornell, September 28, 2011:
Greece: The sudden stop that wasn’t

Prof. Harold L. Cole and Lee E. Ohanian, September 26, 2011:
Stimulus and the Depression: The Untold Story

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(Spanish)

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(Italian)

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(French)

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(English)

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(Arabic)

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(Czech)

Distinguished Professor and Department Chair Roger Farmer, September 16, 2011:
‘The Fear Factor’, Project Syndicate(German)

Distinguished Professor and Department Chair Roger Farmer, September 5, 2011:
Market psychology, high unemployment and rational bubbles

Distinguished Professor and Department Chair Roger Farmer & Economics Ph.D Student Dmitry Plotnikov, September 5, 2011 Roger Farmer, September 5, 2011:
Does fiscal policy matter? Is there a better way to reduce unemployment?

Prof. Andrew Atkeson, Lee Ohanian and William E. Simon Jr, August 23, 2011:
Fed's Faulty Policies Will Create Inflation, Not Jobs

Distinguished Professor and Department Chair Roger Farmer, May 1, 2011:
Follow the Money: Looking at the Economic Crisis', Los Angeles Times Festival of Books, USC

Distinguished Professor and Department Chair Roger Farmer, April 21, 2011:
Don't Let Banks Gamble With Taxpayer Money

Distinguished Professor and Department Chair Roger Farmer, April 10, 2011:
How to Raise Interest Rates and Lower Unemployment at the Same Time

Prof. Andrew Atkeson, January 10, 2011:
How to Revive the California Dream

Prof. Lee Ohanian, December 13, 2010:
The Bush Tax Cuts Never Went Far Enough

Distinguished Professor and Department Chair Roger Farmer, November 15, 2010:
How to Restore Confidence in the Economy Without Inflating a New Asset Market Bubble

Prof. Lee Ohanian, October 28, 2010:
Where are the Jobs? The Parallels between Today and the Great Depression

Prof. Lee Ohanian and Edward C. Prescott, October 11, 2010:
Solid Long-term Policies, Not Quick Fixes, Need to Turn Economy Around

Prof. Lee Ohanian, August 27, 2010:
FDR and the Lessons of the Depression

Distinguished Professor and Department Chair Roger Farmer, August 25, 2010:
We need more QE (quantitative easing) to prevent another Great Depression: Round 2

Distinguished Professor and Department Chair Roger Farmer, August 18, 2010:
We Need More Quantitative Easing to Create Jobs

Distinguished Professor and Department Chair Roger Farmer, August 1, 2010:
Featured Interview about new book, 'How the Economy Works: Confidence, Crashes and Self Fulfilling Prophecies', Summer 2010 Volume Fourteen, UCLA COLLEGE REPORT: UCLA College of Letters and Science

Distinguished Professor and Department Chair Roger Farmer, July 29, 2010:
How the Economy Works: Confidence, Crashes and Self Fulfilling Prophecies, Talk and Book Signing, HSBC, NYC

Distinguished Professor and Department Chair Roger Farmer, July 28, 2010:
How the Economy Works: Confidence, Crashes and Self Fulfilling Prophecies, Talk and Book Signing, Bryant Park, NYC

Distinguished Professor and Department Chair Roger Farmer, July 18, 2010:
Austerity or Stimulus? We Don't Have to Choose

Prof. Lee Ohanian, July 8, 2010:
The Right Way to Raise Wages: The President's Drive to Strengthen Unions Will Increase Unemployment

Prof. Lee Ohanian, June 29, 2010:
It's Time to Bring Back Jobs

Distinguished Professor and Department Chair Roger Farmer, June 21, 2010:
How to Bail Out Good Banks and Let Bad Banks Fail

Distinguished Professor and Department Chair Roger Farmer, June 11, 2010:
Why the Fed Should Buy Stocks

Distinguished Professor and Department Chair Roger Farmer, June 7, 2010:
International Television Interview with Jen Rogers of Reuters Insider

Distinguished Professor and Department Chair Roger Farmer, June 1, 2010:
Economic Policy Through the Lens of History

Prof. Lee Ohanian, May 18, 2010:
Taxing Like Europe

Prof. Lee Ohanian, May 11, 2010:
Another Too Big To Fail Firm

Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
US Finance Reform

Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies

Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
Derivative Market Regulation

Distinguished Professor and Department Chair Roger Farmer, April 28, 2010:
Quantitative Easing

Distinguished Professor and Department Chair Roger Farmer, April 25, 2010:
Future of the American Economy Panel

Distinguished Professor and Department Chair Roger Farmer, April 25, 2010:
Professor Featured at the Upcoming L.A. Times Festival of Books

Prof. Emeritus Axel Leijohufvud, April 10, 2010:
Instabilities

Distinguished Professor and Department Chair Roger Farmer, April 8, 2010:
A History Lesson from Lombard Street for Wall Street in 2010

Distinguished Professor and Department Chair Roger Farmer, March 29, 2010:
UCLA Today Magazine- 10 Questions for UCLA Economist Roger E.A. Farmer-with Meg Sullivan

Prof. Emeritus Earl A. Thompson, March 18, 2010:
No reason for Economic Optimism

Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_part5

Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part4

Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part3

Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part1

Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Exclusive Podcast Interview on the Current Economic Crisis

Distinguished Professor and Department Chair Roger Farmer, March 16, 2010:
Pepperdine University, Distinguished Lecture Series-Roger Farmer Lecture on How the Economy Works_Part2

Distinguished Professor and Department Chair Roger Farmer, March 25, 2010:
Roger E. A. Farmer's "How the Economy Works"

Distinguished Professor and Department Chair Roger Farmer, February 28, 2010:
Macroeconomics for the 21st Century: Part 2

Distinguished Professor and Department Chair Roger Farmer, February 27, 2010:
Macroeconomics for the 21st Century: Part 1

Prof. Lee Ohanian, February 24, 2010:
Did Stimulus Create Any Jobs?

Distinguished Professor and Department Chair Roger Farmer, January 28, 2010:
Why I Don't Believe in Fairies

Prof. Lee Ohanian, January 26, 2010:
Lee Ohanian on Hoover, Roosevelt, and the Great Depression

Prof. Emeritus Axel Leijohufvud, January 23, 2010:
A Modest Proposal

Distinguished Professor and Department Chair Roger Farmer, January 6, 2010:
Farewell to the Natural Rate

Prof. Lee Ohanian, November 17, 2009:
A Cure for Unemployment: Forget Short-Term Fixes. Good Long-Run Policies Will Create Jobs

Prof. Lee Ohanian, October 21, 2009:
A Temporary Hiring Tax Credit?

Distinguished Professor and Department Chair Roger Farmer, October 16, 2009:
Don't Give Up on Quantitative Easing: We Can Have Our Cake and Eat It Too

Distinguished Professor and Department Chair Roger Farmer, October 5, 2009:
The Great Recession Ended in May of 2009

Prof. Lee Ohanian, September 2, 2009:
Wages of Depression: Hoover-Era Lessons for Today's Policymakers

Distinguished Professor and Department Chair Roger Farmer, August 6, 2009:
The Great Recession and the Coming Jobless Recovery

Prof. Lee Ohanian, July 21, 2009:
How Not to Pay for Healthcare

Prof. Lee Ohanian, July 15, 2009:
The Depression Divide: Why Economists Disagree

Prof. Lee Ohanian, July 8, 2009:
Will Reducing Government Spending Derail the Recovery?

Prof. Lee Ohanian, July 2, 2009:
No, Inflation Is Not the Key to This Recovery

Prof. Lee Ohanian, July 1, 2009:
Fed Policy On Inflation: As Good as It Gets

Prof. Lee Ohanian, June 29, 2009:
The Fed Fears Deflation More Than Inflation

Prof. Lee Ohanian, June 16, 2009:
How Stimulating Is Stimulus? Not Very

Prof. Lee Ohanian, June 10, 2009:
The $787 Billion Mistake

Distinguished Professor and Department Chair Roger Farmer, May 27, 2009:
Why Keynes Was Right and Wrong, and Why It Matters

Prof. Emeritus Michael Intriligator, May 3, 2009:
It Will Take Years Before the Current Recession Will End

Prof. Lee Ohanian, April 30, 2009:
Revisiting the 1930s: Why Did the Great Depression Last So Long?

Distinguished Professor and Department Chair Roger Farmer, April 16, 2009:
Macroeconomics: Adjusting the Big Picture

Distinguished Professor and Department Chair Roger Farmer, April 6, 2009:
Bah Humbug: Stagflation is Around the Corner

Prof. Lee Ohanian, April 4, 2009:
Hearing on Lessons from the New Deal - Testimony for the U.S. Senate Subcommittee on Economic Policy (pdf)

Prof. Lee Ohanian, April 4, 2009:
Hearing on Lessons from the New Deal - Testimony for the U.S. Senate Subcommittee on Economic Policy (video)

Prof. Lee Ohanian, March 30, 2009:
The Role of Labor Policy: Council on Foreign Relations Symposium on a Second Look at the Great Depression and the New Deal

Prof. Andrew Atkeson, March 16, 2009:
Featured Guest in Economist Debates: This House Believes that We Are All Keynesians?

Prof. Emeritus Deepak Lal, March 5, 2009:
The Mont Pelerin Society Presidential Address: A MANDATE RENEWED

Prof. Emeritus Earl A. Thompson, March 5, 2009:
What President Obama Should Know About Recessions

Visiting Scholar David Mayer-Foulkes, March 5, 2009:
Long-Term Fundamentals of the 2008 Economic Crisis

Prof. Emeritus Deepak Lal, March , 2009:
The Great Crash of 2008: A collection of The Business Standard columns

Prof. Emeritus Michael Intriligator, February 23, 2009:
The Current Worldwide Financial and Economic Crisis

Prof. Edward E. Leamer, February 17, 2009:
How to Improve the New Bank Rescue Plan?

Prof. Emeritus Axel Leijonhufvud, February 13, 2009:
No Ordinary Recession

Distinguished Professor and Department Chair Roger Farmer, February 9, 2009:
How to Fix the Banks

Prof. Emeritus Earl A. Thompson, February 6, 2009:
An Economist's Advice to President Obama

Distinguished Professor and Department Chair Roger Farmer, February 4, 2009:
The Government Should Target the Stock Market

Prof. Lee Ohanian, February 2, 2009:
How Government Prolonged the Depression: Policies that Decreased Competition in Product and Labor Markets were Especially Destructive

Prof. Lee Ohanian, January 30, 2009:
The New Deal Stimulus

Prof. Emeritus Axel Leijonhufvud, January 13, 2009:
Fixing the Financial System

Prof. Emeritus Axel Leijonhufvud, January 12, 2009:
Fixing the Crisis: Two Systemic Problems

Distinguished Professor and Department Chair Roger Farmer, January 12, 2009:
A New Monetary Policy for the 21st Century

Distinguished Professor and Department Chair Roger Farmer, December 30, 2008:
How to Prevent the Great Depression of 2009

Distinguished Professor and Department Chair Roger Farmer, December 19, 2008:
U.S. Has 50% Chance of Depression

Prof. Lee Ohanian, December 16, 2008:
Obama's New Deal: As Bad as the Old New Deal?

Prof. Lee Ohanian, December 10, 2008:
Revisiting the New Deal

Prof. Emeritus Michael Intriligator, December 5, 2008:
A Toyota Takeover Could Save GM

Prof. Lee Ohanian, November 12, 2008:
Obamanomics: To Fix the Economy, the President-Elect Should Take His Cues from History

Prof. Lee Ohanian, November 3, 2008:
Don't Raise Capital Gains Taxes

Prof. Francisco J. Buera, November 1, 2008:
Learning the Wealth of Nations

Prof. Lee Ohanian, October 31, 2008:
The "Bailout Puzzle"

Distinguished Professor and Department Chair Roger Farmer, October 9, 2008:
How the U.S. Economic Crisis Will Affect the Global Economy

Distinguished Professor and Department Chair Roger Farmer, October 9, 2008:
What's Wrong with the Economy and How to Fix It

Prof. Lee Ohanian, October 8, 2008:
Good Policies Can Save the Economy: Why We Need Lower Tax Rates and More Skilled Immigrants

Prof. Earl A. Thompson, September 24, 2008:
No Bailout Necessary

Prof. Edward E. Leamer, September 1, 2008:
Please Think This Over

Prof. Emeritus Axel Leijonhufvud, May 13, 2008:
Central Banking Doctrine in Light of the Crisis

Prof. Emeritus Axel Leijohufvud, May 1, 2008:
Keynes and the Crisis

Prof. Emeritus Axel Leijonhufvud, October 26, 2007:
Bubble, Bubble, Toil and Trouble

Prof. Pierre-Oliver Weill, August 23, 2007:
Crashes and Recoveries in Illiquid Markets

Prof. Pierre-Oliver Weill, January 18, 2007:
Leaning Against the Wind

Prof. Lee Ohanian, August 10, 2004:
FDR's Policies Prolonged Depression by 7 years, UCLA Economists Calculate