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SUMMARY:2018 Adam Smith Lecture: The Abolition of Risk - Economics on Spee
 d - Ewen Stewart\, Director\, Walbrook Economics
DTSTART:20181113T173000Z
DTEND:20181113T190000Z
UID:TALK114352@talks.cam.ac.uk
CONTACT:Sally March
DESCRIPTION:We are living in a super-charged environment\, post the financ
 ial crisis\, which remains largely unresolved. This lecture will examine t
 he growth of the state and micro regulation\, a world of structural fiscal
  deficits and monetary experimentation\, increasing societal expectations 
 and heightened political tension leading to an environment where policymak
 ers/politicians are forced to try and abolish 'the cycle'. While this micr
 o management may well 'kick the can down the road' it does not solve the u
 nderlying problem\, heightening the risk of a major economic dislocation i
 n the longer term.\n\nWe are on a monetary policy and fiscal treadmill tha
 t we cannot easily escape and the consequences are negative for productivi
 ty and distorting for asset allocation with ever greater regulation and mi
 cro management.\n\nTo book a place at the lecture\, please visit: https://
 2018adamsmithlecture.eventbrite.co.uk\n\nSpeaker:\n\nEwen Stewart is the f
 ounding director of Walbrook Economics which is a consultancy specialising
  in the interaction of macroeconomics\, politics and capital markets. Clie
 nts include major pension funds\, asset managers and hedge funds. Ewen’s
  City career has spanned over 25 years’ where he worked for a number of 
 major investment banks including Dresdner Kleinwort Benson and ABN AMRO.\n
 \nHe also writes for a number of think tanks including the Institute of Ec
 onomic Affairs and The Centre of Policy Studies. He was the author of Mask
 ing the Symptoms which was a critique of monetary policy and the Sottish R
 esearch Society paper Much Cost\, Little Benefit an economic assessment of
  the case against Scottish Independence.\n\nEwen’s work also focuses on 
 fiscal policy writing extensively on public sector spending\, fiscal defic
 its and regional impacts. Ewen is a Director of the think tank Global Brit
 ain and on the Advisory Council of The Cobden Centre.
LOCATION:Old Library\, Pembroke College
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