HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Have we Entered an Age of Secular Stagnation? IMF Fourteenth Annual Research Conference in Honor of Stanley Fischer, Washington, DC. Lawrence Summers, April 2015, Paper. "Since the depths of the financial crisis in 2008-2009, most financial indicators have stabilized. However, the real parts of the economies in the industrialized world continue to lag. In this 2013 speech, I suggested that an older idea of 'secular stagnation' may help explain the disappointing recent economic performance. I am very glad for the opportunity to be here. I had an occasion to speak some years ago about Stan’s remarkable accomplishments at the IMF..." Link