US Economic Policy

Following the US election we are likely to see a large fiscal stimulus. This has support from many Republicans and many Democrats, but in each case it is based on a different set of expectations. Both groups hope that fiscal stimulus will pay for itself through...

Demand solution won’t suit a supply problem

Financial Times [In Letters], 15th August 2016 Sir, In his article “The progressive case for championing pro-growth policies” (August 8), Lawrence Summers correctly implies that depressed investment is at the root of our poor productivity and weak growth. But his...