When Public Investment is No Longer an Oxymoron: Fiscal Policy in Liquidity Trap Conditions

April 9, 2013

The theme of the second annual Global Society of Fellows meeting was “When Public Investment is No Longer an Oxymoron: Fiscal Policy in Liquidity Trap Conditions” and featured Ellen Hughes-Cromwick, chief economist of Ford Motor Co.; Richard Vague, managing partner of Gabriel Investments; Jeffrey Lacker, president of the Federal Reserve Bank of Richmond; Paul McCulley, chair of the Global Society of Fellows and former senior partner at PIMCO; Dean Croushore, professor of economics and Rigsby Fellow in Economics at the University of Richmond and Robert Dolan, professor of economics at the University of Richmond.