The USA’s Western Economic Association International holds a Pacific Rim conference every two years, and this year the host was the Queensland University of Technology in Brisbane, Australia.
I spoke in two sessions on what Americans call “The Great Recession” and Australians calls the “GFC”–the Global Financial Crisis. The first session had two other papers of interest to readers of this blog: a paper on house prices by Jakob Madsen, one of the “Bezemer Twelve” who predicted and warned of the impending crisis, and another on the dangers inherent in Australia’s high level of foreign debt by QUT’s Mark McGovern.