HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Economic stagnation is not our fate — unless we let it be. Lawrence Summers, December 18, 2013, Opinion. "Is it possible that the U.S. economy and those of other major nations might not return to full employment and strong growth without the help of unconventional policy support? I raised that notion — the old idea of “secular stagnation” — recently in a talk hosted by the International Monetary Fund. My concern rests on several considerations. First, even though financial repair had largely taken place four years ago, recovery has kept up only with population growth and normal productivity growth..." Link