University of Minnesota economist Manuel Amador studies what causes less-developed countries to pile on more debt than they can repay, what happens next, and the stakes the rest of the world have in the financial fitness of relatively small national economies.

“This is not a system that seems willing to take short-term sacrifices for long-term gains,” said VV Chari. At a time when economic recovery from the Great Recession is complete, unemployment is low and the country is not involved in a major military action, traditional strategy has been to bring the national debt down, he noted.

Ellen McGrattan investigates the impact of intangible assets on aggregate and industry-level U.S. data.

Join us on November 8 to honor distinguished economist and former faculty member Professor Anne O. Krueger. She will give a public talk, followed by the presentation of an honorary degree.