Great guests in this episode. First up is Professor Alan Krueger. We discuss the economy and answer the question: What is the biggest item preventing a full economic recovery in the U.S. Then we get it on with Das and explore the negative deposit rates that have been implemented by the ECB and find more about dancing with cowbells.
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Alan Krueger has published widely on the economics of education, terrorism, unemployment, labor demand, income distribution, social insurance, labor market regulation and environmental economics. Since 1987 he has held a joint appointment in the Economics Department and Woodrow Wilson School at Princeton University. He is the founding Director of the Princeton University Survey Research Center.
Professor Krueger served as Chairman of President Barack Obama‘s Council of Economic Advisers and a Member of his Cabinet from November 2011 to August 2013. He also served as Assistant Secretary for Economic Policy and Chief Economist of the U.S. Department of the Treasury in 2009-10, and as Chief Economist at the U.S. Department of Labor in 199495.
He is the author of “What Makes A Terrorist: Economics and the Roots of Terrorism and Education Matters: A Selection of Essays on Education”, co-author of “Myth and Measurement: The New Economics of the Minimum Wage”, and co-author of “Inequality in America: What Role for Human Capital Policies?” He has been a member of the Board of Directors of the Russell Sage Foundation, MacArthur Foundation, and the American Institutes for Research, as well as a member of the editorial board of Science (2001-09), editor of the Journal of Economic Perspectives (1996-2002) and co-editor of the Journal of the European Economic Association (2003-05).
He has been a member of the Executive Committee of the American Economic Association (2005-07) and International Economic Association, and Chief Economist for the National Council on Economic Education (2003-09).
Since 1994, Mr. Das has acted as a consultant to financial institutions and corporations in Europe, North America, Asia and Australia. Previously, between 1977 and 1994, Mr. Das worked on the `sell side‘ (Commonwealth Bank of Australia, Citicorp Investment Bank and Merrill Lynch) and the `buy side‘ (Treasurer of the TNT Group, an Australian based international transport and logistics company).
Das is the author of a number of key reference works on derivatives and risk management. His works include Swaps/ Financial Derivatives Library Third Edition (2005, John Wiley & Sons) (a 4 volume 4,200 page reference work for practitioners on derivatives) and Credit Derivatives, CDOs and Structured Credit Products Third Edition (2005, John Wiley & Sons). He is the author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006, FT-Prentice Hall), an insider‘s account of derivatives trading and the financial products business filled with black humor and satire. The book has been described by the Financial Times, London as ” fascinating reading explaining not only the high-minded theory behind the business and its various products but the sometimes sordid reality of the industry”.
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