HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
What We Need to do to Get Out of this Economic Malaise. Lawrence Summers, August 18, 2016, Opinion, "John Williams has written the most thoughtful piece on monetary policy that has come out of the Federal Reserve in a long time. He recognizes more explicitly than others that, the neutral interest rate, is now very low and quite probably will remain very low for a long time to come. As he recognizes, this the essence of the secular stagnation concern that I and others have been expressing for the past three years." Link