Low Real Rates, Secular Stagnation & the Future of Stabilization Policy
On November 20, 2015 at the Bank of Chile Research Conference, Summers updated his thinking on secular stagnation in a speech titled, “Low Real Rates, Secular Stagnation and the Future of Stabilization...
View ArticleRate Delay Less Risky Than Premature Hike
In an interview with Tom Keene of Bloomberg Surveillance from the Arab Strategy Forum in Dubai, Summers voiced skepticism surrounding an expected Federal Reserve rate hike and the impact of lower...
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My views and the Fed’s views on secular stagnation
It has been two years since I resurrected Alvin Hansen’s secular stagnation idea and suggested its relevance to current conditions in the industrial world. Unfortunately experience since that time has...
View ArticleEquitable Growth in Conversation
Summers talks with Heather Boushey, of the Washington Center for Equitable Growth, about how inequality affects economic growth and stability. The discussion explores secular stagnation—what it is,...
View ArticleThe Age of Secular Stagnation
Summers published an article title, “The Age of Secular Stagnation: What It Is and What to Do About It,” in the February issue of Foreign Affairs. The article explores how expansionary fiscal policy...
View ArticleSecular Stagnation in the Open Economy
In an NBER working paper issued in April 2016, Secular Stagnation in the Open Economy, Gauti B. Eggertsson, Neil R. Mehrotra and Lawrence H. Summers look at conditions of secular stagnation – low...
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Secular stagnation even truer today
This article was originally published by the Wall Street Journal on May 25, 2017. Larry Summers is doubling down on his secular-stagnation hypothesis. The Harvard economist and former Treasury...
View ArticleThe threat of secular stagnation has not gone away
The economy is prone to sluggish growth — if the past few years are anything to go by May 6, 2018 Unemployment in the US is below 4 per cent and growth in the economy is accelerating. By recent...
View ArticleSetting the Record Straight on Secular Stagnation
Joseph Stiglitz recently dismissed the relevance of secular stagnation to the American economy, and in the process attacked (without naming me) my work in the administrations of Presidents Bill Clinton...
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Who’s Afraid of Budget Deficits?
How Washington Should End Its Debt Obsession By Jason Furman and Lawrence H. Summers The United States’ annual budget deficit is set to reach nearly $1 trillion this year, more than four percent of...
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