Larry Summers: Why stagnation might prove to be the new normal: Is it possible that the US and other major global economies might not return to full employment and strong growth without the help of unconventional policy support? I raised that notion…. Even though financial repair had largely taken place four years ago, recovery has … Continue reading Larry Summers Says “Stagnation Might Prove to Be the New Normal”; But I Say: “Only If We Make It So”: Wednesday Focus (December 18, 2013)