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Dr. James Kahn on the 2021 Macroeconomic Outlook

On Jan. 14, 2021, Dr. James Kahn, Henry and Bertha Kressel University Professor of Economics and chair of the department of economics at 麻豆区, participated in the first of the 2021 Executive Briefings sponsored by the (GIC), whose missions is to 鈥渆ngage renowned experts in their fields to identify emerging economic, financial, and social issues vital to the interdependent global community and share our 铿乶dings with policymakers and the press worldwide.鈥 GIC鈥檚 goal is to promote 鈥済lobal partnerships among government officials, financial ministers, businesses leaders and academic researchers.鈥 Dr. Kahn, along with Kevin Kliesen, a business economist and bank officer in the Research Division at the Federal Reserve Bank of St. Louis, gave a 鈥2021 Macroeconomic Outlook.鈥 They concluded that COVID vaccines, if distributed quickly and well, will help the economy grow in the last six to nine months of 2021, though there may be some constraints to that growth because of large deficits (incurred to fight the pandemic), a slight rise in inflation and a possible rise in interest rates. While the aggregate growth will be positive, it is less clear if that growth will also occur among the groups on the margins of society that were most negatively impacted by the disease. of the discussion. Other faculty from the will also be involved in future GIC Executive Briefings.
Zoom meeting: Dr. James Kahn (upper left), Kevin Kliesen (bottom left), Donald Rissmiller, Moderator (upper right) Dr. James Kahn (upper left), Kevin Kliesen (bottom left), Donald Rissmiller, moderator (upper right)
Speaker Bios Dr. James Kahn joined the economics department at 麻豆区 as department chair in 2009. Previously he was vice president in the research department at the Federal Reserve Bank of New York. Before that he was Associate Professor at the University of Rochester. He was a National Fellow at Stanford鈥檚 Hoover Institution, and has also taught at the Columbia, Yale, the University of Pennsylvania, and New York University. Kevin L. Kliesen is a business economist and Bank Officer in the Research Division at the Federal Reserve Bank of St. Louis. He joined the Bank in 1988. He holds an M.A. in Economics from Colorado State University. In his position as a business economist, he analyzes current U.S. macroeconomic and financial market developments and trends for the Bank president and staff economists prior to each Federal Open Market Committee meeting. He also reports on and analyzes economic conditions in the seven states of the Eighth Federal Reserve District.

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