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* Purdue Department of Agricultural Economics
* XKrannert School of Management
* Purdue Department of Consumer Sciences and Retailing

October 2, 2008

Purdue economists to discuss financial crisis, implications

WEST LAFAYETTE, Ind. - Uncertainty reigns supreme in financial markets as Congress considers legislation to stabilize the banking industry and Wall Street. Purdue University economists will discuss how the financial crisis developed, what it means and where markets go from here during a panel discussion from noon to 1 p.m. Monday (Oct. 6) in the Pfendler Hall Deans Auditorium on Purdue's West Lafayette campus.

The public is invited to attend.

"We'll have a discussion about the implications of the current financial dilemma for the overall economy and for the state of Indiana, and what might happen in the short term and with overall budget deficits if we have a government response," said Michael Boehlje, Purdue agricultural economist. "We want to try to help people understand the issues involved and what it all means for the typical citizen and taxpayer, rural economies, the business community, and the agricultural sector."

Boehlje will moderate the panel discussion, which is expected to address such issues as credit, farm loans, stocks, bonds and other instruments. Boehlje is a farm and agribusiness management specialist and serves on the faculty of the Purdue Center for Food and Agricultural Business.

Other panelists include:

* Philip Abbott, a professor in the Department of Agricultural Economics. Abbott is an expert on international trade and agricultural development. He has served as a consultant for several domestic and foreign government agencies, the United Nations Food and Agriculture Organization, commissions on food policy issues, and private agencies.

* Sugato Chakravarty, head of the Department of Consumer Sciences and Retailing in Purdue's College of Consumer and Family Sciences. Chakravarty conducts research in finance, with a focus on market microstructure, banking and asset pricing involving stock, options and fixed income securities in both domestic and foreign markets.

* Larry DeBoer, a professor in the Department of Agricultural Economics. DeBoer specializes in state and local government public policy, including government budgeting and taxes, property tax assessment, local government revenue, and the fiscal impact of economic development.

* David Hummels, a professor in the Krannert School of Management. Hummels teaches economics and was a research associate with the National Bureau of Economic Research. He's been a visiting scholar for the Federal Reserve Board of Governors, the International Monetary Fund and Minneapolis Federal Reserve Bank.

Writer: Steve Leer, (765) 494-8415, sleer@purdue.edu

Source: Michael Boehlje, (765) 494-4222, boehljem@purdue.edu

Ag Communications: (765) 494-2722;
Beth Forbes, forbes@purdue.edu
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