How did problems in a relatively small portion of the home mortgage market trigger the most severe financial crisis in the United States since the Great Depression? Several developments played a role, including the proliferation of complex mortgage-backed securities and derivatives with highly...

This article is a modified and updated version of a speech presented at the Regional Economic Summit, Evansville, Indiana, November 20, 2008.

March 2, 2012. Presentation. "The U.S. Economy in the Aftermath of the Financial Crisis." Presented at the Bank of Montreal Lecture in Economics, Simon Fraser University, Vancouver, British Columbia.

June 5, 2012. Presentation. "The Aftermath of the Housing Bubble." Presented at Housing in America: Innovative Solutions to Address the Needs of Tomorrow, The Bipartisan Policy Center, St. Louis.

Presented at the Bowling Green Area Chamber of Commerce. February 24, 2011.

March 2, 2012. Presentation. "The U.S. Economy in the Aftermath of the Financial Crisis." Presented at the Bank of Montreal Lecture in Economics, Simon Fraser University, Vancouver, British Columbia.

July 10, 2012. Speech. "The Global Economy and the European Sovereign Debt Crisis." Delivered at the OMFIF Golden Series Lecture, London. Related news articles.

Delivered at the Distinguished Speakers Seminar, European Economics and Financial Centre, London. May 25, 2010