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Vor 5 Tagen · He had written in July of 2022 along with former Treasury Secretary Lawrence Summers that "there is no magic tool" to cool inflation without rising joblessness. The unemployment rate was 3.5% that ...
Vor 5 Tagen · August 4, 2023, Video: "Lawrence H. Summers, Former Treasury Secretary tells us why he's concerned about wage inflation potentially sparking a reacceleration in inflation. He also explains why he doesn't yet see a soft landing for the US economy."
Vor 5 Tagen · Larry Summers of Harvard University speaks at the Monetary Policy Conference in Hauck Auditorium on May 3, 2024. (Patrick Beaudouin) (Patrick Beaudouin) Bank of Israel Governor Amir Yaron speaks at the Monetary Policy Conference in Hauck Auditorium on May 3, 2024.
Vor 22 Stunden · Team Permanent: Advocates of this perspective, including economists like Olivier Blanchard and Lawrence Summers, argued that exceptionally strong demand, driven by large fiscal stimulus programs and accumulated savings, would put sustained upward pressure on inflation. They believed that inflation would not subside quickly and that continued strong demand, coupled with tight labor markets ...
Vor 22 Stunden · With US inflation back to target excluding the measure, he thinks the US economy is fine and poor sentiment data just reflects partisan vibes. In contrast, in a February paperformer Treasury secretary Lawrence Summers came to the opposite conclusion. True, owners’ equivalent rent is not the way people think about housing costs, he argued. But ...
Vor 22 Stunden · The UK will end up with two inflation measures. One is theoretically sound and relevant for economic measurement (CPIH), and will use expenditure weights because spending matters for the overall ...
Vor 4 Tagen · Summers and his co-authors go as far as any statistical economist can go in proving this. They show that a combined metric measuring inflation and unemployment – labelled the “ misery index ...
