The Global Growth Slump: Causes and consequences


The 2017 Giblin Lecture is presented in partnership with the Economics Society of Australia - Tasmania Branch.

Start Date

6th Jul 2017 5:30pm

End Date

6th Jul 2017 7:00pm


Centenary Lecture Theatre, Grosvenor Crescent, Sandy Bay campus

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2017 Giblin Lecture

presented by

John Williams

John C Williams

President, Federal Reserve Bank of San Francisco

In this lecture, Dr Williams will discuss the consequences of a long-term slowdown in global economic growth, highlighting the role of demographic trends and income inequality in shaping support for worthwhile policy.

Refreshments from 5.30pm.

About John Williams

John C. Williams took office as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco on March 1, 2011. In this role, he serves on the Federal Open Market Committee, bringing the Fed’s Twelfth District’s perspective to monetary policy discussions in Washington.

Dr Williams was previously the executive vice president and director of research for the San Francisco bank, which he joined in 2002. He began his career in 1994 as an economist at the Board of Governors of the Federal Reserve System, following the completion of his Ph.D. in Economics at Stanford University. Prior to that, he earned a Master’s of Science from the London School of Economics, and an A.B. from the University of California at Berkeley.

Dr Williams’ research focuses on topics including: monetary policy under uncertainty; innovation; and business cycles. Additionally, he served as senior economist at the White House Council of Economic Advisers and as a lecturer at Stanford University’s Graduate School of Business.

Dr Williams, 54, is a native of Sacramento, California. He is married with two sons and resides in the San Francisco Bay Area.

About the Giblin Lecture

The Giblin Lecture is a partnership between the University of Tasmania and the Economics Society of Australia – Tasmania Branch. It is named for the eminent Australian economist, Lyndhurst Falkiner Giblin, who was born and died in Hobart.

Giblin led a most eventful life; he served through the entirety of the First World War, mined for gold in the Klondike and ran an orchard in Tasmania. He then trained in statistics at King’s College Cambridge and began his career as statistician and economist in 1919.

He went on to exercise significant influence over economic policy making in Australia and made many substantial contributions to theory which are still applied today. He was an important figure in designing the fiscal equalisation policies adopted in the Australian Commonwealth to distribute funds to the States and relieve the Great Depression. He corresponded extensively with John Maynard Keynes in Cambridge on this subject, and their lively correspondence about the role of the multiplier now sits in the archives at Cambridge University.

While he was never formally a part of the Department of Economics at the University of Tasmania, Giblin was very influential in its development. In fact, Giblin and three of his colleagues, James Brigden, Douglas Copland and Roland Wilson, formed a personal and intellectual bond at the University of Tasmania between 1919 and 1924.

Giblin and colleagues were pivotal in the shaping of economic thought and policymaking in Australia, and helped to bridge the gap between academic economics and public policy in Australia. The annual Giblin lecture is presented in this tradition.

Presented in partnership with the
Economic Society of Australia - Tasmania Branch

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