Weekend reading
This is a weekly post we’ll publish every Friday with links to articles we think anyone interested in equitable growth should read. We won’t be the first to share these articles, but we hope by taking a look back at the whole week we can put them in context.
Secular stagnation
While not exactly reading, this presentation by Amir Sufi connecting secular stagnation, wealth inequality, and subprime lending is well worth your time. [CFA Institute]
Danny Vinik interviews Larry Summers about secular stagnation and international trade policy [the new republic]
Labor market slack
Has the recovery finally reached the long-term unemployed? Matt O’Brien reviews the evidence [wonkblog]
International economics
Just how big can the U.S. current account deficit get before the dollar is threatened? [money and banking]
“Let them eat cosmopolitanism.” Ryan Avent argues that decreasing global income inequality doesn’t mean we should ignore rising income inequality within rich countries [the economist]
Business investment
Neil Irwin asks businesses to ramp up their investment expenditures to help boost long-term economic growth [the upshot]