Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
Larry Summers Argues for Easy Money as All Eyes Watch Fed
Summers fears the U.S. is in danger of sinking into a Japan-style stagnation, which, to be pre-empted, requires long-term “unconventional policy support” from the Fed.
President Romney’s Cabinet: Who Would He Choose?
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.
Beyond the Ivory Tower
For three decades, Jim Poterba has studied how taxation affects household and business decision-making. The big takeaway for financial advisors: one size does not fit all.
U.S. to See Challenges for Top Spot in World Bank
Finance Minister Ngozi Okonjo-Iweala of Nigeria and former Finance Minister Jose Antonio Ocampo of Colombia are expected to be nominated to head the body by the Friday deadline.
Larry Summers: Three Ways to Combat Rising Inequality
Lawrence Summers, past president at Harvard University, Treasury secretary in the Clinton administration and economic advisor to President Barack Obama, took to the pages of The Washington Post on Monday to decry the growing gap between rich and poor. He then offered three suggestions that he claimed would help distribute...
Battle of Keynesians: Krugman Debates Summers on America’s Lost Decade
Has America entered an era of persistent economic weakness like the two decades of stagnation Japan has faced since the collapse of its bubble economy in 1991?
To Fix Ailing Economy, Increase Demand, Says Summers
The former president of Harvard and Treasury Secretary defended the current Administration’s economic policies.
Summers to Leave White House Post as Top Economic Advisor
Lawrence Summers is expected to leave his post as director of President Barack Obama's National Economic Council once the fall elections are over.
Geithner Previews Regulatory Overhaul Plans
OpEd sets out Administration's financial services reform goals