Explore by…

More

World Economic Roundtable

America’s Recurring Debt Problem: Are We Approaching a New Tipping Point?

Jun 22, 2017 | 16:30 – 18:00 Download .ics

The Offices of Akin Gump | New York City

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.

Upcoming Session:

America’s Recurring Debt Problem: Are We Approaching a New Tipping Point?

A discussion featuring Karen Dynan, Professor of Economics at Harvard University, William Emmons, Lead Economist at the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis, and Atif Mian, Professor of Economics and Public Affairs at Princeton University.

Private debt is again on the rise in the United States, driven by significant increases in auto loans and student borrowing. The increase in debt has helped support economic growth in the U.S. and world economies over the last couple years, but at some time in the future it will become a drag on consumption and investment and may even begin to compromise bank balance sheets, especially if interest rates begin to rise and debt servicing burdens increase. Several leading experts will offer their assessment of how this new rise in private debt impacts economic growth and discuss the financial risks posed by the continuous large overhang of private debt.

NOTE: Federal Reserve Bank of St. Louis’s participation in this cosponsored activity does not constitute or imply an endorsement, recommendation or favoring endorsement of the views, opinions, products or services of any cosponsor or other person or entity by the Federal Reserve Bank of St. Louis.

The Center for Household Financial Stability logo is a registered trademark of the Federal Reserve Bank of St. Louis.

Facebook Live

Contact us to Participate


About the World Economic Roundtable

The bursting of the American credit bubble in 2008 set in motion a rolling world economic crisis that has moved from America’s financial markets to the Euro-zone and now to China and the emerging economies. This chain of economic developments has brought with it unprecedented policy challenges and has drawn into question the process of globalization itself. The mission of the World Economic Roundtable is two-fold:

  1. to help the business, investment, media, policy and public interest communities better understand the far-reaching changes in the world economy that are resulting from the crisis and from the policy responses to it; and
  2. to advance policy reform ideas that will help lift the world economy out of stagnation and lay the foundations for the next generation of a more widely shared global prosperity.

Founded in 2011, the World Economic Roundtable has sought to “remap” the world economy by exploring the changing patterns of global trade, investment, and employment following the Great Recession. The Roundtable has brought together thought leaders from business, finance, public policy, and academia to discuss critical questions affecting the global economy. The Institute for New Economic Thinking joined New America NYC as a partner of the World Economic Roundtable in 2016. Building on the work of its initial years, World Economic Roundtable will pursue in 2017 a program of discussion and engagement with the world’s business, policy and investment communities that will highlight the best thinking on the ongoing world economic crisis and how to move from stagnation to healthy economic growth.

Steering Committee

Event location

The Offices of Akin Gump
One Bryant Park, 43rd Floor
Bank of America Tower
W 42nd St and 6th Avenue
New York City

Partners and sponsors

Event Partners

Speakers

Meet the leaders and scholars whose new thinking guides our work. View all speakers

  • Richard Vague

    Managing Partner, Gabriel Investments

  • Richard Batley

    Head of Macroeconomics, Lombard Street Research

  • Robert Johnson

    Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute

  • Isaac Stone Fish

    Senior Fellow, Asia Society

    Asia Editor, Foreign Policy Magazine

  • Sherle Schwenninger

    Founding Director, World Economic Roundtable

  • Rana Foroohar

    Global Business Columnist and Associate Editor, Financial Times

    Steering Committee, World Economic Roundtable

  • Jay Pelosky

    Founder & Principal, Pelosky Global Strategies

    Steering Committee, World Economic Roundtable

  • Jens Nordvig

    Founder, Exante Data and Exante Advisors

  • Leland Miller

    Co-founder & CEO, China Beige Book International

  • Iain Begg

    Professorial Research Fellow, European Institute, London School of Economics

  • Shahar Shelef

    Director of the Economic and Strategic Affairs Department at the Center for Policy Research, Israeli Ministry of Foreign Affairs

  • Kaushik Basu

    C. Marks Professor of International Studies and Professor of Economics, Cornell University

    Former Chief Economist, World Bank

  • Kenneth Smith Ramos

    Director of the Trade and NAFTA Office, Embassy of Mexico

  • Diego Gómez Pickering

    Consul General of Mexico to New York City, Estados Unidos Mexicanos

  • Karen Dynan

    Professor of Practice, Harvard University

  • William Emmons

    Lead Economist, Center for Household Financial Stability at the Federal Reserve Bank of St. Louis

  • Atif Mian

    Theodore A. Wells '29 Professor of Economics and Public Affairs, Princeton University

    Director, Julis-Rabinowitz Center for Public Policy and Finance at the Woodrow Wilson School