Consumption and Interest Rates

Abstract

The CEPR is the premier network of academic economists in Europe, serving as an interface between academia and the policy community. Straddling these two worlds as I do now, I can think of no better organization to host an event like this and I am grateful for the efforts of CEPR staff in making this happen. I would also like to take this opportunity to acknowledge the contribution of Richard Portes – founder and President of CEPR – who has kindly agreed to chair this meeting. Richard deserves immense credit for his commitment to building up CEPR which has strengthened the economics profession in Europe enormously