Secular Stagnation

Oct 7, 2016 | 17:30 – 19:00 Download .ics

The National Press Club |

Out of Ammunition? A discussion on central banking and secular stagnation with Larry Summers and Adair Turner

The global economy appears to be stuck in a pattern of low growth, low inflation and unresolved debt burdens. Is this a result of policy mistakes, or have the fundamental dynamics of the economy shifted into an era of little or no growth known as secular stagnation? Former Treasury Secretary Larry Summers and Institute for New Economic Thinking Chairman Adair Turner discuss the primary drivers of our current malaise, how central banks can cope with stagnation, and whether major policy initiatives — such as more aggressive fiscal stimulus — should be deployed in response. This event marks the launch of a research program into the secular stagnation question, the results of which will be released in 2017.

Event location

The National Press Club
529 14th St NW, 13th Floor
Washington, DC 20045

Speakers

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  • Adair Turner

    Senior Fellow and Grantee, INET

    Former Chairman, United Kingdom Financial Services Authority

  • Lawrence H. Summers

    Charles W. Eliot University Professor & President Emeritus, Harvard University