Financial Shocks and the Macroeconomy

This lecture was the Sixth Sir Roland Wilson Foundation Lecture. The lecture expands on the final chapter of Macfarlane's 2006 Boyer Lectures, which suggested that future economic shocks would be financial in origin. In particular it examines the implications of the current credit crisis for economic stability, for the financial security of the household sector and for retirement incomes policies.For more information on the Sir Roland Wilson Foundation go to: http://www.anu.edu.au/endowment/content/sir_roland_wilson_foundation/