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Brad DeLong's Grasping Reality 2019-03-25 20:19:01

Summary:
Lukasz Rachel and Larry Summers: Responding to some of the Critiques of Our Paper on Secular Stagnation and Fiscal Policy: "Prefer more reliance on reasonably managed fiscal policies as a response to secular stagnation: government borrowing at negative real rates and investing seems very attractive in a world where there are many projects with high social returns...

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Lukasz Rachel and Larry Summers: Responding to some of the Critiques of Our Paper on Secular Stagnation and Fiscal Policy: "Prefer more reliance on reasonably managed fiscal policies as a response to secular stagnation: government borrowing at negative real rates and investing seems very attractive in a world where there are many projects with high social returns...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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