Luncheon Presentation to Ambassadors to the OECD

Last night, at the end of the NAEC conference, we had an entertaining and thoughtful presentation by Professor Kahneman, who demonstrated admirably how psychological insights can be of use to economists. His contention was that we are conditioned by evolution to be optimists. This is because it is a survival trait that works. Unfortunately, according to Professor Kahneman, it also exposes us to certain dangers…

25Oct2012_OECDDeauville.pdf

Posted by williamw in Presentations

“New Approaches to Macroeconomic Challenges”

Presentation to the first meeting of the NAEC[1]Group

OECD Paris, 24 October 2012

By WR White, Chairman of the EDRC


[1]NAEC stands for “New Approaches to Economic Challenges”.

Event or Meeting:  OECD – NAEC Group Seminar Date:  24 October 2012 File:  24Oct2012_OECDNewApproaches.pdf

Posted by williamw in Presentations

The long term impact of low rates

Mr White starts by observing what just about everyone in the world – with the notable exception of the current Fed chairman – acknowledges, that the Fed’s easy money policy after the dotcom debacle resulted in reckless credit expansion, the inflation of housing bubbles around the world and the appearance of an overly leveraged and opaque shadow banking system.

Financial times_9 Sept2012.pdf

Financial times_9 Sept2012
Posted by williamw in Press, References