HKS Affiliated Authors

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


Secular Stagnation? The Future Challenge for Economic Policy. Lawrence Summers, November 2014, Video. "Five years after the financial collapse, unemployment remains very high in much of the western world. Essentially every major country, with the partial exception of Japan, has tended to leave recovery to private markets and eschewed major fiscal policy initiatives. But increasingly analysts are asking whether this faith in private markets is justified. Larry Summers has argued that we are experiencing "secular stagnation." In this conversation at the Institute's "Human After All" ..." Link