Found 2 article(s) for author 'U.S. economy'

Donald Trump’s 3% growth plan is only for the 1%

Donald Trump’s 3% growth plan is only for the 1%. Kenneth Rogoff, September 11, 2017, Opinion, “Donald Trump has boasted that his policies will produce sustained 3%-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including on Wall Street and at the Federal Reserve, who expect that the US will be lucky to achieve even 2% growth.Link

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2014: US Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound

2014: US Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound. Lawrence Summers, 2016, Book Chapter. “I would like to thank Michael Peterson very much for his generous words of introduction and for his thoughtful observations about the long-run economic challenges that our country faces. You do not, however, get to the long run except through the short run, and what happens in the short run has a profound impact on the long run. To reverse Keynes a bit, if you die in the short run, there is no long run. So my preoccupation this morning will be with a set of temporary but, I believe, ultimately long-term concerns.Link

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