“Economic Recovery: Is It Time For a Mid-Course Correction?” Part 1

On Tuesday, May 19, 2009, The Schwartz Center for Economic Policy Analysis (SCEPA) at The New School for Social Research, held a half-day conference to discuss economic recovery plans and whether now is the time for a mid-course policy correction of serious magnitude. Discussion included active labor market policies and what else policy makers can do to lessen the impact of the recession on joblessness, the undue focus on GDP and bank health as a market for a healthy economy. Welcome and Introduction by Jeff Madrick, The New School; State of The Economy Economic Forecast: Allen Sinai, Decision Economics; How Bad Is it? Lessons From History: Alexander Field, Santa Clara University, and Peter Temin, MIT.