Found 266 article(s) for author 'Lawrence Summers'

Final Thoughts on Secular Stagnation

Final Thoughts on Secular Stagnation. Lawrence Summers, September 6, 2018, Opinion, “Too little was done in the aftermath of the financial crisis a decade ago to stimulate aggregate demand, which would be boosted by a more equal income distribution. And substantially stronger financial regulation than was in place before 2008 needs to be adopted to minimize the risks of future crises.Link

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A jobs guarantee — progressives’ latest big idea

A jobs guarantee — progressives’ latest big idea. Lawrence Summers, July 2, 2018, Opinion, “The percentage of US workers, or those seeking employment, aged 25-54 has declined over the past two decades. The impulse behind the latest “big” progressive idea of offering job guarantees is entirely valid. Studies show that those without jobs are much more likely to be dissatisfied with their lives, to become addicted to alcohol or drugs, and to be abusive within their family than even those working at low wages they find inadequate.Link

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Too-Tight Fed Policy Greater Risk Than Inflation

Too-Tight Fed Policy Greater Risk Than Inflation. Lawrence Summers, July 1, 2018, Video, “Former U.S. Treasury Secretary Lawrence Summers said Federal Reserve interest-rate hikes that slow the nearly decade-long expansion are a greater risk to the economy than inflation. “Is the strategy one of relying on the Phillips curve and trying to preempt inflation, or is the strategy one of trying to let the economy grow as much as possible and respond to inflation problems as they arise,” Summers said in an interview Wednesday on Bloomberg Television. “I would very much favor the second.”Link

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Productivity and Pay: Is the Link Broken?

Productivity and Pay: Is the Link Broken? Lawrence Summers, June 2018, Paper, “Since 1973 median compensation in the United States has diverged starkly from average labor productivity. Since 2000, average compensation has also begun to diverge from labor productivity. These divergences lead to the question: Holding all else equal, to what extent does productivity growth translate into compensation growth for typical American workers? We investigate this, regressing median, average, and  production/nonsupervisory compensation growth on productivity growth in various specifications. We find substantial evidence of linkage between productivity and compensation…Link

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Larry Summers Discusses Areas of Growth and Concern for the U.S. Economy

Larry Summers Discusses Areas of Growth and Concern for the U.S. Economy. Lawrence Summers, June 5, 2018, Audio, [Episode 1] “In our inaugural episode, Former US Treasury Secretary Larry Summers tackles issues of sustainable growth, equality of opportunity, and why the story of China is more important than the Industrial Revolution.Link

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Presidential counsel – Lawrence H. Summers speaking at GCGC 2018

Presidential counsel – Lawrence H. Summers speaking at GCGC 2018. Lawrence Summers, June 1, 2018, Video, “Watch Lawrence H. Summers deliver an engaging dinner speech about how he might advise a hypothetical president in the current day to delegates at the 2018 Global Corporate Governance Colloquium at Harvard University. For more information about GCGC visit: www.gcgc.globalLink

 

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