A SIPA panel debates the questions:  Will the sub-prime crisis catapult into a full-fledged financial crisis? Are lower interest rates and fiscal stimulus the right medication?

Panelists:
- Guillermo Calvo, Professor of Economics, International and Public Affairs, Columbia University; former Chief Economist, Inter-American Development Bank. 
- Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University. 
- Richard Clarida, C. Lowell Harriss Professor of Economics and International Affairs, Columbia University; former Assistant Secretary for Economic Policy, US Treasury, 2001-2003. 
- Vincent Reinhart, Resident Scholar, American Enterprise Institute, Washington, DC; former Director of the Division of Monetary Affairs, and Secretary and Economist of the Federal Open Market Committee.

(Feb 28, 2008 at Columbia University, School of International and Public Affairs (SIPA).  Sponsored by the Program in Economic Policy Management (PEPM))

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