Revisiting the 2008 Financial Crisis

Background:
Market and policy antecedents and repercussions of the 2008 Financial Crisis and the Great Recession began long before and lasted long after the Lehman bankruptcy in September 2018. A series of presentations and discussions held during the fall of 2018 delved into the causes, but also examined the actions and interventions taken during the crisis and the recession, and to draw policy lessons for the future.

The panel discussion provides an overview of the findings of these sessions.

Panelists:

-John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the CATO Institute.

-Darrell Duffie is the Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business and professor (by courtesy) in the Department of Economics at Stanford University.

-Niall Ferguson, is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior fellow of the Center for European Studies, Harvard, where he served for twelve years as the Laurence A. Tisch Professor of History. He is the author of fifteen books, most recently The Square and the Tower.

-Caroline M. Hoxby is a senior fellow at the Hoover Institution and a member of the Koret Task Force on K–12 Education. She is the Scott & Donya Bommer Professor of Economics at Stanford University and the director of the Economics of Education Program for the National Bureau of Economic Research. She also serves as a member of the Board of Directors of the National Board for Education Sciences.

-George P. Shultz has had a distinguished career in government, in academia, and in the world of business. He is one of two individuals who have held four different federal cabinet posts; he has taught at three of this country’s great universities; and for eight years he was president of a major engineering and construction company.

-John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford’s Introductory Economics Center.