Trade barrier reduction is the most important anti-inflation competition policy by Lawrence H. Summers published by PIIE (4/2022). “The Peterson Institute has again produced a very important study making a powerful, analytical, and statistical point with respect to a…
The Permanent Effects of Fiscal Consolidations by Lawrence H. Summers, Antonio Fatás published by Centre for Economic Policy Research (2015). The global financial crisis has permanently lowered the path of GDP in all advanced economies. At the same time, and…
Economic Possibilities for Our Children by Lawrence H. Summers published by NBER (2013). This is the 40th anniversary of the summer when I first met Marty Feldstein and went to work for him. I learned from working under Marty’s…
Shrinking the Tax Gap: Approaches and Revenue Potential by Natasha Sarin and Lawrence H. Summers published by NBER (11/2019). “The IRS recently released its most recent estimates on the tax gap—the difference between what was due to the…
Whither central banking? by Lawrence H. Summers and Anna Stansbury published by Project Syndicate (8/2019). “In an environment of secular stagnation in the developed economies, central bankers’ ingenuity in loosening monetary policy is exactly what is not needed. What…
On falling neutral real rates, fiscal policy, and the risk of secular stagnation por Lukasz Rachel and Lawrence H. Summers publicado por BPEA (3/2019). “This paper demonstrates that neutral real interest rates would have declined by far more than…
Fiscal policy in a Depressed Economy by J. Bradford Delong and Lawrence H. Summers (2012). “This paper examines fiscal policy in the context of an economy suffering, like the United States today, from protracted high unemployment and output short of potencial….
Rethinking stabilization policy: Evolution or revolution? by Olivier J. Blanchard and Lawrence H. Summers publishde by NBER (12/2017). “At a minimum, they suggest that policies may need to become more aggressive, both ex-ante and ex-post, with a rebalancing of…
The Peterson Institute held a conference on “Rethinking Macroeconomic Policy”, coordinated by Olivier Blanchard and Lawrence H. Summers, the event was indicated by Monica de Bolle and Cesar R. S. Neto (10/2017). “Academic experts and policymakers will address the…
