May 12, 2011

On Thursday evening, Prof. Albert Alesina (Harvard University) presented the 21st Barcelona GSE Lecture, "Fiscal policy after the Great Recession," at Banc Sabadell Auditorium in Barcelona. In his presentation, Prof. Alesina led the audience through his research findings on the effects of fiscal adjustments. Analysis of data from 21 OECD countries that made adjustments between 1970 and today led him to qualify the conventional wisdom that fiscal adjustments lead to recessions.