Bob Hall, Caroline Hoxby, John Taylor, Boaz Abramson, Anat Admati, Adrien Auclert, Gregor Boehl, Kate Bundorf, Jennifer Burns, Charles Calomiris, Scarlet Chen, Chirantan Chatterjee, John Cochrane, Tom Church, Chris Dauer, Ricardo De la O, Darrell Duffie, Shana Farley, Niall Ferguson, Andrew Friedman, Alex Galetovic, Paul Gregory, John Gunn, Steve Haber, Wen Hao, Ben Hebert, Daniel Hiel, Brian Higgins, Nick Hope, Matthias Jimenez, Ken Judd, Dan Kessler, Anjini Kochar, John Kramer, Matteo Leombroni, Hongbin Li, Frederic Martenet, Livio Maya, David Mulford, Alvin Rabushka, John Raisian, Josh Rauh, Lorenzo Rigon, Doug Rivers, Paul Schmelzing, Amit Seru, George Shultz, Tom Stephenson, Ramin Toloui, Andres Yany Anich, Jiwei Zhang,
Market and policy antecedents and repercussions of the 2008 Financial Crisis and the Great Recession began long before and lasted long after the Lehman bankruptcy in September 2018. This four-part series of presentations and discussions held on four different days during the fall of 2018 aims to delve into the causes, but also to examine the actions and interventions taken during the crisis and the recession, and to draw policy lessons for the future. Each part of the series began with two short paper presentations followed by active discussions and critiques.
John Cochrane, the Rose-Marie and Jack Anderson Senior Fellow, and Darrell Duffie Darrell Duffie, Dean Witter Distinguished Professor of Finance at the Graduate School of Business, and professor by courtesy, Department of Economics, Stanford University, discussed “the Lessons,” the fourth session in the series.