Central banks all around the world have been printing money. This policy, known as quantitative easing in banker jargon, has driven up the price of stocks and bonds. But will it lead to real and sustainable increases in global growth, or is it sowing the seeds of future inflation?
Roger Bootle, one of the City of London’s best-known economists, is the executive chairman of Capital Economics, which he founded in 1999. Additionally, he is a specialist adviser to the House of Commons Treasury Committee and an honorary fellow of the Institute of Actuaries. He was formerly group chief economist of HSBC and, under the previous Conservative government, he was appointed as one of the Chancellor’s panel of Independent Economic Advisers, the so-called “Wise Men.” In 2012, Bootle and a team from Capital Economics won the Wolfson Prize, the second biggest prize in Economics after the Nobel. Author of The Trouble with Europe (2015), he has written many articles and several widely acclaimed books on monetary economics, appears frequently on television and radio, and is a regular columnist for The Daily Telegraph. He has a long and distinguished record of successful forecasting of major events and market movements, often in contrast to the prevailing orthodoxy of the time.
Edward Conard is author of the recently-released New York Times bestseller, Unintended Consequences: Why Everything You’ve Been Told About the Economy is Wrong. In his new book, Conard attempts to set the record straight and fill the void left by other business and economic analysts. He presents a fascinating and contrarian case for how the economy really works, what went wrong over the past decade, and what steps we can take to start growing again. Conard was a partner at Bain Capital from 1993 to 2007. He served as the head of Bain’s New York office and led the firm’s acquisitions of large industrial companies. Prior to Bain, Conard worked for Wasserstein Perella, an investment bank that specialized in mergers and acquisitions, and Bain & Company, a management consulting firm, where he headed its industrial practice. He is a graduate of Harvard Business School and the University of Michigan.
Andrew Huszar is a senior fellow at Rutgers Business School, where his research focuses on the evolving intersection between government and the financial markets. Until June 2012, he was managing director and U.S. head of OTC derivatives client clearing for Morgan Stanley. Before that, Huszar worked during ten years over two different stints at the Federal Reserve Bank of New York (FRBNY). In his last Fed position, Huszar managed the $1.25 Trillion Agency MBS Purchase Program, the centerpiece of the first round of “Quantitative Easing” (QE1). He managed the program's portfolio design and trading strategy, as well as the creation of a permanent, in-house Federal Reserve AMBS trading platform. Previously, Huszar was both a bank regulator and attorney at the FRBNY. Huszar also worked on Wall Street at RBS Greenwich Capital as the co-head of a Transaction Advisory Group advising the bank’s trading businesses on the Basel II Capital Rules.
Prof. Johnson is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management.
He is also a senior fellow at the Peterson Institute for International Economics in Washington, D.C., a co-founder of BaselineScenario.com (a much cited website on the global economy), a member of the Congressional Budget Office's Panel of Economic Advisers, and a member of the FDIC’s Systemic Resolution Advisory Committee. He is also a member of the private sector systemic risk council founded and chaired by Sheila Bair in 2012.