Tag Archives: larry summers

Weekend Links: Understanding Piketty, Falling Interest Rates, Secular Stagnation, etc

Brad Delong has a great post that provides an analytical framework for understanding the historical narrative in Piketty’s new book. Barry Eichengreen has a nice piece on declining interest rates Larry Summers gave a talk at INET (starts at 45 … Continue reading

Posted in Uncategorized | Tagged , , , | 1 Comment

Summers: We haven’t done it in 15 years and Japan hasn’t done it in a generation

Starts around the 9 min mark. HT: Mark Thoma

Video | Posted on by | Tagged , , , , | 1 Comment

America risks becoming a Downton Abbey Economy

From Larry Summers: Inequality has emerged as a major issue in the US and beyond. A generation ago it could reasonably have been asserted that the overall growth rate of the economy was the main influence on the growth in … Continue reading

Posted in Uncategorized | Tagged , , , , , | 1 Comment

Fiscal Policy in a Changing World

From Larry Summers: I invite you to consider how the prodigious change associated with information technology that may be qualitatively different from past technological change may have defining implications for our economy going forward. If I have caused you to … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Larry Summers on why the economy is broken — and how to fix it

From Ezra Klein: Larry Summers on why the economy is broken — and how to fix it. In addition to the empirical observation that real interest rates over both the short and long term have declined substantially and the calculations suggesting … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Secular Stagnation & 3 Strategies for Financially Sustainable Growth

From Larry Summers: The challenge of secular stagnation, then, is not just to achieve reasonable growth but to do so in a financially sustainable way. There are, essentially, three approaches. The first would emphasize what is seen as the economy’s … Continue reading

Posted in Uncategorized | Tagged , , | 1 Comment

Economic Possibilities for Our Children: The 2013 Martin Feldstein Lecture

From Larry Summers: This is the 40th anniversary of the summer when I first met Marty Feldstein and went to work for him. I learned from working under Marty’s auspices that empirical economics was a profoundly important thing, that it … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Technological Change through History: the View from 30,000 feet

Brad Delong has a an outstanding post on technological change. He categorizes how people add value and shows how technological change alters these categories. It’s interesting to think about his post and these issues in terms of a simple (classical) model and … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

The battle over the US budget is the wrong fight

From Larry Summers: This month Washington is consumed by the impasse over reopening the government and raising the debt limit. It seems likely that this episode, like the 1995-96 government shutdowns and the 2011 debt limit scare, will be remembered mainly … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Rattner: The Right Leader for the Fed

From Steven Rattner: Let me start by getting the disclosure stuff out of the way. I’ve known Larry Summers for 20 years and have watched with particular interest as his multifaceted career has unfolded. More recently, I worked for him … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment