University of Southern California

Marshall Faculty to Join Conference on Economic Challenges
On January 15, Experts From a Broad Range of Disciplines will Discuss Financial Crisis
January 12, 2010 • by News at Marshall

Some of the nation's leading economists, budget policy experts and tax authorities will meet at USC Law on January 15 to assess the nation's looming fiscal crisis and look at the challenges facing the country over the next decade.

The January 15 conference, hosted by USC-Caltech Center for the Study of Law and Politics and the Urban-Brookings Tax Policy Center, will bring together experts from a range of disciplines to evaluate the causes of the current crisis, the magnitude of the challenge facing the country in the next decade, and possible responses by the federal government and the states.

"We are bringing together the country's most rigorous and creative scholars to look at the economy from all angles," said Elizabeth Garrett, co-director of the USC-Caltech CSLP and a professor of law, political science and public policy. "We expect that the scholars and others interested in national and state fiscal policy -- an issue important to us now and to future generations of Americans -- will find this interdisciplinary analysis stimulating."

Four panels will discuss key issues related to the long-term fiscal crisis, including:

  • the anatomy of the long-term fiscal crisis
  • the federal budget process and the demand for revenue
  • the fiscal crisis in the states
  • the role of health entitlements in the fiscal crisis at all levels of government

    Each panel will include presentations of two papers, a comment on those papers by a discussant, and ample time for audience discussion on the topic.

    Professor Mathew McCubbins of the Marshall School of Business, will speak on "Making Mountains of Debt out of Molehills: The Pro-cyclical Effects of Tax Limitations on State Revenue and Debt." Professor John Matsusaka of the Marshall School will serve as a commentator in the discussion.

    Other participants include:

    William Gale, Brookings Institution; Alan Auerbach, University of California -- Berkeley; Leonard Burman, Maxwell School of Syracuse University; Rosanne Altshuler, Urban-Brookings Tax Policy Center; Joshua Rauh, Kellogg School of Management, Northwestern University; Mathew McCubbins, newly appointed USC Provost Professor; Dana Goldman, USC School of Policy, Planning and Development; and Donald Marron, Congressional Budget Office.

    A complete conference schedule and list of participants is available at

    To attend the conference, please register at

About the USC Marshall School of Business
Consistently ranked among the nation's premier schools, USC Marshall is internationally recognized for its emphasis on entrepreneurship and innovation, social responsibility and path-breaking research. Located in the heart of Los Angeles, one of the world's leading business centers and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus undergraduate and graduate students a unique world view and impressive global experiential opportunities. With an alumni community spanning 123 countries, USC Marshall students join a worldwide community of thought leaders who are redefining the way business works.