Predicting growth of the gross national and domestic products is a key to how a country’s central bank sets its budget, fixes interest rates and controls currency. The institution can influence inflation, currency exchange rates and keep the nation’s bank industry in check.
How does a central bank’s activity influence the world’s economic activity? Marc Chopin, economics professor in NAU’s W.A. Franke College of Business, will discuss “Central Banks, Austerity vs. Growth, and the Worrisome Dynamic of the Global Economy” from 5:30 to 7 p.m. Wednesday, Aug. 14, in the Native American Cultural Center.
Chopin’s presentation is the final installment of the Summer Seminar Series.