The bubble economy — Is this time different?

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02/14/2018 @ 10:00 am - 12:30 pm

Two decades after Alan Greenspan’s famous “irrational exuberance” speech at AEI in 1996, global asset market prices again appear to be frothy. Years of highly unorthodox monetary policy have contributed to record-high global stock market prices, unprecedentedly low and even negative government bond yields, and renewed housing market bubbles.

This seminar will discuss whether the world economy is now experiencing an asset market price bubble and what might be done to prevent such bubbles from forming. It will also consider how policymakers might better respond to the bursting of bubbles to avoid a repeat of the boom-bust cycles of recent years.

To RSVP click here.

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If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.


9:45 AM

10:00 AM
Alex J. Pollock, R Street Institute

10:05 AM
Introduction of Alan Greenspan:
Peter J. Wallison, AEI

10:10 AM
Keynote address:
Alan Greenspan, Greenspan Associates

10:45 AM
Panel discussion

Desmond Lachman, AEI
Adam Posen, Peterson Institute for International Economics
Vincent Reinhart, Standard Mellon Asset Management
William White, Organisation for Economic Co-operation and Development

Alex J. Pollock, R Street

12:10 PM

12:30 PM

Event Contact Information

For more information, please contact Ryan Nabil at, 202.419.5204.

Media Contact Information

For media inquiries or to register a camera crew, please contact, 202.862.5829


10:00 AM

12:30 PM



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