HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor

Excerpt

Larry Summers Says Central Bankers Confront a ‘Black Hole’ for Policy. Lawrence Summers, August 22, 2019, Video, "Harvard University economist Lawrence Summers warned central bankers that they are staring at “black hole monetary economics” where small changes in interest rates and even more aggressive strategies do little to solve demand shortfalls." Link