Found 3 article(s) for author 'Economic Thought'

How The Great Recession Changed Economic Thought

How The Great Recession Changed Economic Thought. Edward Glaeser, 2017, Book, “The past three decades have been characterized by vast change and crises in global financial markets—and not in politically unstable countries but in the heart of the developed world, from the Great Recession in the United States to the banking crises in Japan and the Eurozone. As we try to make sense of what caused these crises and how we might reduce risk factors and prevent recurrence, the fields of finance and economics have also seen vast change, as scholars and researchers have advanced their thinking to better respond to the recent crises.Link

Tags: , , , ,

Progress and Confusion: The State of Macroeconomic Policy

Progress and Confusion: The State of Macroeconomic Policy. Kenneth Rogoff, Lawrence Summers, 2016, Book, “What will economic policy look like once the global financial crisis is finally over? Will it resume the pre-crisis consensus, or will it be forced to contend with a post-crisis “new normal”? Have we made progress in addressing these issues, or does confusion remain? In April of 2015, the International Monetary Fund gathered leading economists, both academics and policymakers, to address the shape of future macroeconomic policy. This book is the result, with prominent figures—including Ben Bernanke, Lawrence Summers, and Paul Volcker—offering essays that address topics that range from the measurement of systemic risk to foreign exchange intervention.Link

Tags: , , , , , , , ,

Crises in Economic Thought, Secular Stagnation, and Future Economic  Research 

Crises in Economic Thought, Secular Stagnation, and Future Economic Research. Lawrence Summers, 2016, Paper, “I am very flattered by the invitation to be the dinner speaker at this conference—now celebrating its 30th anniversary. I was proud to coauthor the lead article in the inaugural volume of this series on Hysteresis and European Unemployment with Olivier Blanchard— (Blanchard and Summers 1986). Less successful in its original incarnation was a paper I presented a couple of years later on “The Scientific Illusion in Empirical Macroeconomics” that did not get published in this forum but was published a few years later as Summers (1991). In ways I certainly did not expect, both these papers contain ideas that I believe are relevant to current policy dilemmas.Link

Tags: , , ,