Peter Diamond

PROFESSOR PETER DIAMOND
Nobel Laureate for Economics (2010)
Institute Professor Emeritus at MIT

About the speaker

Professor Peter Diamond is an American economist known for his analysis of US Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Memorial Prize in Economic Sciences in 2010, along with Dale T. Mortensen and Christopher A. Pissarides. He is an Institute Professor at MIT.

About the lecture: Unemployment and Debt

Many countries are wrestling with the simultaneous problems of high unemployment and public debts that are high enough to raise concerns about the ability to repay. The tension of dealing with both problems limits policy options. Similar issues arise in countries where the financial institutions have been weakened – they need to lend support to the economy but also to become stronger. The tension of dealing with both of these problems also limits policy options. Peter's primary focus was on policy issues in the US, along with some discussion of issues in Europe.

More about the speaker and his work