Luca Fornaro is a Junior Researcher at CREI, Adjunct Professor at Universitat Pompeu Fabra (UPF), and Research Professor at the Barcelona GSE. He is also a Research Affiliate at the Center for Economic Policy Research (CEPR) in London, and has been a Visiting Scholar at the Bank of England. He has a PhD from the London School of Economics. His research interests include international macroeconomics, monetary economics and economic growth.
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We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high unemployment and weak growth.
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Secular Stagnation: An Event with Larry Summers: Is Slow Growth the “New Normal”?
If So, What Are the Policy Solutions?
Distinguished Scholars Including Larry Summers and Adair Turner Present Evidence of the Trend and Policy Solutions