Macroeconomic Theory

    Governments turn to macroeconomic theory to help shape policies to manage instability. Current theories do not adequately support our policy needs. Credit markets, income, and employment are all inherently unstable. We need better theory to help us design better institutions and better policies.

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    A Model of Secular Stagnation: Theory and Quantitative Evaluation

    This paper replaces an earlier version of a paper released in 2014 under the title “A Model of Secular Stagnation.” Read more

    Long-Run Interest Rates and Secular Stagnation

    Dec 15, 2017 | 02:10—03:30

    Secular Stagnation and Inequality

    Dec 15, 2017 | 11:00—12:30

    A Conversation with Lawrence H. Summers and Adair Turner

    Dec 15, 2017 | 01:00—02:00

    China’s International Economic Strategy

    The Implications of Xi’s Belt and Road Initiative for China and the World Economy Read more