Tag Archives: larry summers

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

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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

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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

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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

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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

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Delong on Why Obama should pick Summers to lead the Fed

From Brad Delong: After eight years as chair of the US Federal Reserve, Ben Bernanke is stepping down. Fairly soon, President Barack Obama will need to choose a successor – a decision that will be among the most important that he will ever … Continue reading

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Six Reasons to Study Capital Taxation

Here are four reasons from Emmanuel Saez: Capital income is about 25% of national income (labor income is 75%) but distribution of capital income is much more unequal than labor income. Capital income inequality is due to differences in savings behavior but also … Continue reading

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