PALO ALTO, Calif., Feb. 18 (UPI) -- California's Stanford University has spent much of this week preparing to host an economic summit to discuss the U.S. deficit and global competition.
The Stanford Institute for Economic Policy Research Economic Summit will be held Friday and concluded that evening with a speech by Alan Greenspan, the Federal Reserve chairman.
John Shoven, a federal budget expert, and Henry Aaron, a senior fellow at the Brookings Institution, will present their views on the current U.S. budget deficit.
Also participating will be Douglas Holtz-Eakin, director of the Congressional Budget Office.
Mario Monti, Minister of Competition for the European Union and Timothy Bresnahan, a Stanford economist, will discuss competition and regulation.
A summit spokesman said the meeting was modeled after the annual gathering of the world's top corporate, academic and government leaders in Davos, Switzerland.