The Department of Economics

The Grunberg Lecture Series

The Eighth Lecture - Thursday, April 20, 1995

Lawrence Klein Image
Lawrence Klein Professor of Economics, Emeritus
University of Pennsylvania
1980 Nobel Prize in Economics

" Defining an Appropriate Role for Macroeconomic Policy"

Professor Klein received the Nobel Prize for his work on statistical models of the economy and the application of those models to the analysis of economic policies and fluctuations in business cycles. He pioneered the development of the Wharton School model: an important computer based system for economic forecasting. His topic relates to today's concern about the role of both the Federal Reserve and the budget deficit on the economy.

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