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Black Monday in Retrospect and Prospect: A Roundtable


  • Martin Feldstein
  • Franco Modigliani
  • Allen Sinai
  • Robert Solow

    (Massachusetts Institute of Technology)


The Plenary Session of the EEA Meetings consisted of a roundtable discussion of the causes and implications of the stock market crash in the Fall of 1987. The four participants, Martin Feldstein, Franco Modigliani, Allen Sinai, and Robert Solow, spoke to a large audience of severarl hundred economists. In view of the widespread interest in this session, we have transcribed the audiotape and, with some modest editing, present here the statements of each of the participants.

Suggested Citation

  • Martin Feldstein & Franco Modigliani & Allen Sinai & Robert Solow, 1988. "Black Monday in Retrospect and Prospect: A Roundtable," Eastern Economic Journal, Eastern Economic Association, vol. 14(4), pages 337-348, Oct-Dec.
  • Handle: RePEc:eej:eeconj:v:14:y:1988:i:4:p:337-348

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