HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Secular Stagnation and Monetary Policy. Lawrence Summers, 2016, Paper. "I have been engaged in thinking, writing, provoking, and analyzing around the issue of secular stagnation: the issue of protracted sluggish growth, why it seems to be our experience, and what should be done about it.1 This paper summarizes my current thinking on those topics and reflects on the important limits monetary policy experiences in dealing with secular stagnation." Link