The Current State of the Secular Stagnation-Savings Glut Debate

Bernanke, Summers, Kruman, O’Brien, and Ryan Avent Are All Correct

tl;dr: Secular stagnation or global savings glut? It’s both — or rather it is all three: secular stagnation, global savings glut…

Chill out about the debt bubble? Not yet.

What role did high levels of household debt play in generating the crash and what do they mean for our economy over the next few years?

Well-worn questions, you might think. And no shortage of people have asserted answers…

An Even More Dismal Science: The Evolution of Macroeconomic Ideas since 1990

Over at Project Syndicate: For the past twenty-five years those of my elders whom I regard as the barons of policy-relevant academic macroeconomics — at least the reality-based and sane barons — have…

Revisiting Bernanke’s 2005 “ Global Savings Glut” Hypothesis