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SUMMERS, LAWRENCE H (3) answer(s).
 
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ID:   144020


Age of secular stagnation : what it is and what to do about it / Summers, Lawrence H   Article
Summers, Lawrence H Article
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Summary/Abstract Most observers expected the unusually deep recession to be followed by an unusually rapid recovery, with output and employment returning to trend levels relatively quickly. Yet even with the U.S. Federal Reserve [3]’s aggressive monetary policies, the recovery (both in the United States and around the globe) has fallen significantly short of predictions and has been far weaker than its predecessors [4]. Had the American economy performed as the Congressional Budget Office fore¬cast in August 2009—after the stimulus had been passed and the recovery had started—U.S. GDP today would be about $1.3 trillion higher than it is.
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ID:   144613


Fusion of civilizations : the case for global optimism / Mahbubani, Kishore; Summers, Lawrence H   Article
Mahbubani, Kishore Article
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Summary/Abstract The mood of much of the world is grim these days. Turmoil in the Middle East, causing hundreds of thousands of deaths and millions of refugees [1]; random terrorist attacks across the globe; geopolitical tensions in eastern Europe and Asia; the end of the commodity supercycle; slowing growth in China [2]; and economic stagnation [3] in many countries—all have combined to feed a deep pessimism about the present and, worse, the future.
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3
ID:   163309


Who’s afraid of budget deficits?: how washington should end Its debt obsession / Furman, Jason; Summers, Lawrence H   Journal Article
Summers, Lawrence H Journal Article
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Summary/Abstract The United States’ annual budget deficit is set to reach nearly $1 trillion this year, more than four percent of GDP and up from $585 billion in 2016. As a result of the continuing shortfall, over the next decade, the national debt—the total amount owed by the U.S. government—is projected to balloon from its current level of 78 percent of GDP to 105 percent of GDP. Such huge amounts of debt are unprecedented for the United States during a time of economic prosperity.
Key Words GDP  ;  United States  ;  Economic Growth  ;  Social Security  ;  Policymakers  ;  Budget Deficits 
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