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K-State Today

April 11, 2011

Economist to discuss great depressions of the world and current economy in April 14 lecture

Submitted by Julie Fosberg

Kansas State University's 2011 Joe Tiao Lecture on Economic Issues will look at how economic depressions in various countries in the last century might hold lessons for today's economic woes.

Tim Kehoe, Distinguished McKnight University Professor in the department of economics at the University of Minnesota, will present "What Have We Learned From Studying Great Depressions" at 3:45 p.m. Thursday, April 14, in the K-State Student Union's Little Theater. The lecture is free and open to the public.

Through the Joe Tiao Lecture Series, initiated in 2006, K-State's department of economics brings internationally acclaimed economists to campus each year. Each economist presents two lectures: a public lecture on an economics issue of current interest and a more technical seminar for the economics department. Kehoe's department seminar will be "How Important is the New Goods Margin in International Trade?"

Kehoe is a renowned scholar on Great Depressions of the 20th century. He recently edited the book "Great Depressions of the 20th Century" with Ed Prescott, a Nobel laureate. He also is an adviser to the Federal Reserve Bank of Minneapolis and a fellow of the National Bureau of Economic Research and the Econometric Society. He has advised the governments of Spain, Mexico and Panama. His research interests span macroeconomic theory and international economics.

Kehoe received his bachelor's in economics and mathematics from Providence College, and his doctorate in economics from Yale University. He has held teaching positions at Wesleyan University, the Massachusetts Institute of Technology and the University of Cambridge in England. He has written about 100 books and scholarly articles.