Found 6 article(s) for author 'Economic Policy'

Larry Summers: Charlie Rose

Larry Summers: Charlie Rose. Lawrence Summers, March 31, 2017 , Video, “Larry Summers is President Emeritus of Harvard University. He served as Treasury Secretary under President Clinton and as Director of President Obama’s National Economic Council. He joins us to talk about the economic policies of President Donald Trump.Link

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Optimism over Trump a ‘sugar high’ with no signs of 3-4% economic growth, Larry Summers warns

Optimism over Trump a ‘sugar high’ with no signs of 3-4% economic growth, Larry Summers warns. Lawrence Summers, March 30, 2017, Video, “The highest consumer confidence reading in more than 16 years and the postelection stock market rally may not translate into more robust economic growth, former Clinton Treasury Secretary Larry Summers told CNBC on Thursday.Link

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Trump’s Carrier deal could permanently damage American capitalism

Trump’s Carrier deal could permanently damage American capitalism. Lawrence Summers, December 2, 2016, Opinion, “There are many aspects of the economic policy of the new administration that I find misguided. But I am most troubled by what President-elect Donald Trump did with Carrier to hold on to an extra 700 jobs in Indiana. Ronald Reagan’s response to the air traffic controllers’ strike was a small act that had profound consequences. I fear in a similar way that the negotiation with Carrier is a small thing that is actually a very big thing — a change very much for the worse with regards to the operating assumptions of American capitalism.Link

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Reducing Long Term Deficits

Reducing Long Term Deficits. Martin Feldstein, May 26, 2016, Paper. “The most serious long-term challenge for the economic policy of the US Federal government is the explosive growth of the national debt that will occur unless there are specific policy actions. The ratio of the federal government debt to the GDP has doubled in the past decade from a level of less than 40 percent that prevailed for many years before the recent recession to 75 percent of GDP now. According to the most recent report by the Congressional Budget Office (2016), the debt ratio is already beginning to rise. The CBO projects that with current policies the debt to GDP ratio will reach 86 percent within ten years and the federal debt will be on its way to 155 percent of GDP by the year 2045. I suspect that even this disturbing forecast is too optimistic because a debt trajectory like that is likely to cause portfolio investors in the United States and elsewhereto conclude that the U.S. government has lost control of its fiscal policy …” Link

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What will revive U.S. economic growth? Lessons from a prototype industry-level production account for the United States

What will revive U.S. economic growth? Lessons from a prototype industry-level production account for the United States. Dale W. Jorgenson, April 2014, Paper. “The objective of this paper is to provide a new historical perspective on postwar US economic growth and consider the prospects for reviving growth in the future. For this purpose we have constructed a data set on the growth of output and productivity by industry for the period 1947–2010…” May require purchase or user account. Link

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Limits of Monetary Policy in Theory and Practice

Limits of Monetary Policy in Theory and Practice. Carmen Reinhart, October 2011, Paper. “The view that modest alterations to monetary policy have vast consequences for national economies would seem to be inconsistent with theory and evidence. Most modern economic models (represented authoritatively by Woodford 2005) offer limited scope for policy surprises. The basic logic is that spending depends on decisions capitalized over the longer term, and small perturbations in the level of the short-term interest rate do not matter much to those values. More fundamentally, the prominence accorded to authorities…” Link verified March 28, 2014

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