Thursday, April 23, 2009

REMINDER: Nobel Laureate Edward Prescott discusses "Time Inconsistent Traps: Bailouts for all when credible to none" on Friday, April 24 at 2:00 PM in I2-250

The Global Facility for Disaster Reduction and Recovery (GFDRR)
Distinguished Seminar Series

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PRESENTER
Edward Prescott
2004 Economics Nobel Laureate
Arizona State University (Tempe) and Federal Reserve Bank of
Minneapolis
Mr. Prescott?s pioneering contributions to the field of economics
have deeply affected how economists think about business cycles and
design economic policy. The Royal Swedish Academy of Sciences
describes his work as ?not only transforming economic research, but
also profoundly influencing the practice of economic policy in
general, and monetary policy in particular." Mr. Prescott?s research
called into question Keynesian theories ? currently witnessing a
resurgence ? related to economic booms and busts. Mr. Prescott has
held faculty positions at the University of Minnesota and University
of Chicago. His is also co-author of the 2000 book Barriers to
Riches, which argues that barriers to technology adoption are the
dominant cause of the large differences in standards of living
across countries.

DISCUSSANTS
Shantayanan Devarajan
Chief Economist, Africa Region, World Bank
Mr. Devarajan is the Chief Economist of the World Bank?s Africa
Region, and also maintains a popular web blog open to public
opinion: http://africacan.worldbank.org/. He was the Director of the
World Development Report 2004, Making Services Work for Poor People.
Before 1991, he was on the faculty of Harvard University?s John F.
Kennedy School of Government. His research covers public economics,
trade policy, natural resources and the environment, and
general-equilibrium modeling of developing countries.

Vikram Nehru
Director, Poverty Reduction and Economic Management, East Asia and
Pacific Region, World Bank
Mr. Nehru is the Director and Acting Chief Economist in the East
Asia Region of the World Bank. He was formerly the Director of the
World Bank?s Economic Policy and Debt Department, which covers
macroeconomic and debt issues for developing countries. He was also
the former Lead Economist for the World Bank's Indonesia Program
during and after the East Asian Crisis (1997-2002) and led most of
crisis and post-crisis economic dialogue for the World Bank in
Indonesia. His latest work includes, When is External Debt
Sustainable? China 2020: Development Challenges in the New Century,
and Indonesia: Imperative for Reform.

MODERATOR
Apurva Sanghi
Senior Economist, Global Facility for Disaster Reduction and
Recovery, World Bank
Mr. Sanghi is leading the ongoing World Bank?UN Assessment on the
Economics of Disaster Risk Reduction. This event is part of a
distinguished seminar series designed to contribute ideas by
individuals such as Kenneth Arrow, Freeman Dyson, Daniel Kahneman,
Howard Kunreuther, Wangari Maathai, William Nordhaus, Edward
Prescott, Richard Posner, Thomas Schelling, Martin Weitzman, and
others on selected themes of the World Bank?UN Assessment. For more
information about the Assessment, please contact Mr. Sanghi at
asanghi@worldbank.org.


About The Global Facility for Disaster Reduction and Recovery
(GFDRR)
GFDRR is a partnership of the International Strategy for Disaster
Reduction (ISDR) system to support the implementation of the Hyogo
Framework for Action (HFA). The HFA, endorsed by the United Nations
General Assembly in Resolution 60/195, is the primary international
agreement for disaster reduction. One hundred sixty-eight (168)
countries and multilateral organizations including the World Bank
and the United Nations (UN) system participated in the UN World
Conference on Disaster Reduction in Kobe, Hyogo, Japan in January
2005. The principal strategic goal of the HFA is to effectively
integrate, in a coherent manner, disaster risk considerations into
sustainable development policies, planning, programming, and
financing at all levels of government.
For more information, visit GFDRR.org.

About The InfoShop
The InfoShop is the public information center of the World Bank and
serves as a forum for substantial debate on international
development. Our extensive events program consists of more than 250
events over the past two years and has hosted many internationally
recognized speakers including Queen Noor, Francis Fukuyama, Jeffrey
Sachs, Amartya Sen, Joseph Stiglitz, Thomas Friedman, Senator Hagel,
and Carly Fiorina. The InfoShop functions as the only publicly
accessible space at headquarters and provides internal and external
audiences with over 10,000 titles published by the World Bank,
international organizations, and other publishers on development
issues.
For more information, visit www.worldbank.org/infoshop
For comments about the events program, visit InfoShop.

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