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Lawrence Summers

Lawrence Summers

Charles W. Eliot University Professor

Member of the Board, Belfer Center for Science and International Affairs

Contact:
Website: http://ksghome.harvard.edu/~lsummer/
Publications: http://ksghome.harvard.edu/~lsummer/publications.htm

 

 

By Date

 

2014 (continued)

January 5, 2014

"Washington Must Not Settle For Secular Stagnation"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

We may, writes Lawrence Summers, "as I argued last month in the Financial Times, be in a period of 'secular stagnation' in which sluggish growth and output, and employment levels well below potential, might coincide for some time to come with problematically low real interest rates."

 

2013

November 10, 2013

"Give the Obamacare Bug the Correct Treatment"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

As the president has recognised, the failure on the part of his administration to deliver a functioning website that Americans can use to enrol in “Obamacare”, the Affordable Care Act, represents an inexcusable error....One case of over-optimism will ultimately be forgotten and, or, forgiven. Repeated over-optimism should not, and will not, be excused.

 

 

March 18, 2013

"Europe’s Work is Far From Over"

Op-Ed, Washington Post

By Lawrence Summers, Charles W. Eliot University Professor

"Europe’s economic situation is viewed with far less concern than was the case six, 12 or 18 months ago. Policymakers in Europe far prefer engaging the United States on a possible trade and investment agreement to more discussion on financial stability and growth. However, misplaced confidence can be dangerous if it reduces pressure for necessary policy adjustments," warns Lawrence Summers in an op-ed for the Washington Post.

 

 

AP Images

January 21, 2013

"End the Damaging Obsession With Deficit"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

In the two and a half months between the election and this week’s inauguration of President Barack Obama, America’s public policy debate has been focused on prospective budget deficits and what can be done to reduce them. Lawrence Summers writes that while we should address budget deficits, we should "not obsess over it in counterproductive ways – nor lose sight of the jobs and growth deficits that will ultimately have the greatest impact on the way this generation of Americans lives and what they bequeath to the next."

 

2012

December 16, 2012

"How to Fix Costly and Unjust U.S. Tax System"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

"Sooner or later the American tax code will be reformed...," writes former Treasury Secretary and Harvard Kennedy School professor Lawrence Summers. "Raising revenue will be the main motivation, but at a time of sharply increasing economic polarisation, issues of fairness will be prominent too. There are also legitimate concerns about the complexity of current tax rules and their adverse effects on the economy."

 

 

November 5, 2012

"The 'Obama debt' fallacy"

Op-Ed, Reuters

By Lawrence Summers, Charles W. Eliot University Professor

Lawrence Summers writes about Mike Boskins' response to Summers' Reuters column last week arguing that in a number of areas of economic policy, President Obama has the superior vision.

 

 

October 15, 2012

"The world is stuck in a vicious cycle"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

If the global economy was in trouble before the annual World Bank and IMF meetings in Tokyo last week, it is hard to believe that it is now smooth sailing. Indeed, apart from the modest stimulus provided to the Japanese economy by all the official visitors and the wealthy financial sector hangers on, it is difficult to see what of immediate value was accomplished.

 

 

September 19, 2012

"Britain Risks a Lost Decade Unless it Changes Course"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

Americans can take some comfort in knowing they are rebounding from the 2008 financial collapse faster than their British counterparts, writes Lawrence Summers.  With the U.K. growth rate lagging, Summers says, British leaders face the choice of changing course after four years of failed economic policy, or doubling down on the same aggresive fiscal consolidation that has yet to generate demand or provide the growth needed. 

 

 

August 19, 2012

"The U.S. State Will Expand Whoever Wins"

Op-Ed, Financial Times

By Lawrence Summers, Charles W. Eliot University Professor

"With the selection of Paul Ryan as the Republican vice-presidential candidate, it is clear both political parties agree that the central issue in the presidential election will be the scale and scope of government involvement in the US economy," writes Lawrence Summers, Charles W. Eliot Professor at Harvard Kennedy School, "but there is a widespread view in both parties that it is feasible and desirable that in the future the federal government will be no larger as a share of the overall economy than it has been historically."

 

 

June 3, 2012

"Breaking the Negative Feedback Loop"

Op-Ed, Reuters

By Lawrence Summers, Charles W. Eliot University Professor

In a recent op-ed, Lawrence Summers, former Treasury Secretary and economic adviser to President Barack Obama, writes that “With the past week’s dismal U.S. jobs data, signs of increasing financial strain in Europe, and discouraging news from China, the proposition that the global economy is returning to a path of healthy growth looks highly implausible,” however, “it is more likely that negative feedback loops are again taking over as falling incomes lead to falling confidence, which leads to reduced spending and yet further declines in income.”

 

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