Economic Symposium
Since 1978, the Kansas City Fed has held an annual Federal Reserve symposium in Jackson Hole, Wyoming. From 1978 to 1981 the symposia focused on agricultural economic issues. Since 1981 topics have been more broad and the symposia have gotten broader attention. In 2003 and 2005, papers were presented at the symposium that were critical of the status quo, and predicted, for example, problems with the unseen risks of derivatives. These ideas in these papers were rejected at the time, but later were seen as having predicted the financial crisis of 2007-2010.
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Famous quotes containing the words economic and/or symposium:
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—Mason Cooley (b. 1927)