No paper, just notes–a not-very-successful attempt to deliver on my promise to Larry Summers to think about “secular stagnation” issues. What I think economists need to be thinking about if we are semi-permanently in a world in which demand for safe assets is very high, trust in the private-sector ability to create and guarantee such … Continue reading Talk: Preliminary Notes on Fiscal Policy in a Depressed Interest-Rate Environment: The Honest Broker for the Week of March 15, 2014