The third quantitative easing plan (QE3) largely succeeded in reviving the US economy by lowering the interest rate through massive purchases of bonds. The question is whether when government support ends, the US economy will continue to grow without excessive easing?
There are signs that the global economic recovery has begun, pushing aside the worst-case scenarios of the past couple of years. The US economy, which led the recovery, has been able to give American consumers a sense of security, and they are willing to continue consuming and spending money. Following the US, this trend has begun to spread other economies.
One of the reasons for the US recovery is use of the expansion plan, the QE3, under which the Federal Reserve bought mortgage-backed bonds in order to stimulate the economy. The question is whether tapering the QE3 will change this trend? Will budget cuts and tax hikes again stem US economic growth, and will the political crisis over future fiscal policy push the US into another double dip? Prominent economists Prof. Tyler Cowen of George Mason University, one of the most influential American economists in the world, IHS Global Insight EVP and chief economist Dr. Nariman Behravesh, former US Assistant Treasury Secretary for Economic Policy Prof. Richard Clarida, a , Lowell Harris Professor of Economics at Columbia University and global strategic advisor at PIMCO, Prof. Steve Keen at the University of Western Sydney will discuss "The US: catch 22 the zero interest rate" at the "Globes" 2013 Israel Business Conference. Channel 2 News chief international commentator and head of the foreign news desk Arad Nir will moderate the session.
The 2013 "Globes" Israel Business Conference, the country's largest business conference, will be held this year under the title "The Global Economy in 2014". It is Israel's premier and most prestigious economic event, attended by decision-makers, businesspeople, government officials, academics, researchers, spokespersons, and delegations from Israel and around the world. The conference will offer analyses and insights by leading economics and academics, businesspeople, and policymakers from Israel and other countries.
The 2013 "Globes" Israel Business Conference will be held on December 8-9. 2013, at the David Intercontinental Hotel in Tel Aviv.
Published by Globes [online], Israel business news - www.globes-online.com - on November 18, 2013
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