secular stagnation

Back in August I told you I had a thesis I was working on fleshing out about why growth stocks are so loved and why growth has trumped value for years and continues to do. The first post on this is here. But let me provide an update today.…

Increasing demand is key to growth in advanced economies. And that means higher wages are necessary. But the redistribution of national income toward capital over the past generation has undermined the capacity of ordinary households to…

The failure of Japan’s grand monetary policy experiment to meet expectations is a warning sign we all should heed. But right now fears of so-called secular stagnation have receded as the global economy has roared back to life. We should not…

No story is really dominating headlines today. So I thought it would be a good time to look around at a number of different topics I have written on in the past. Of course, Greece is still the biggest issue but it is optimism today instead…

Japan seems to be heading deeper and deeper into a very risky experiment based on a misunderstanding about what the problem facing the country actually is.

Today’s post is going to be short. The theme is income inequality. My thesis on this has been that globalization is a net transfer from the developed economy middle class to developed economy elites and the emerging market middle class. I…

Larry Sum­mers’ take on sec­u­lar stag­na­tion looks like it will be the flavour of the month for Amer­i­can econ­o­mists for the fore­see­able future, I have to take it more seri­ously. Hence this more serious post for my first column in…

Below is a video interview Larry Summers conducted with Bloomberg Television. We provide the partial transcript without comment, courtesy of Bloomberg Television.

The macro debate today is about secular stagnation and the correct policy response to deal with it if it exists. With that backdrop, it is interesting to read Jeremy Grantham’s latest quarterly letter to investors, which sounds a word of…

After having been considered to head both the Federal Reserve and the Bank of Israel earlier this year, Lawrence Summers has been propelled back into the center of the broader economic dialogue with a speech at a recent IMF Economic Forum.…