Glenn’s Presentation at the ASSA Session on “The U.S. Economy: Growth, Stagnation or Financial Crisis and Recession?”

Glenn participated in this session hosted by the Society of Policy Modeling and the American Economic Association of Economic Educators and moderated by Dominick Salvatore of Fordham University. (Link to the page for this session in the ASSA program.)

Also making presentations at the session were Robert Barro of Harvard University, Janice Eberly of Northwestern University, Kenneth Rogoff of Harvard University, and John Taylor of Stanford University.

Here is the abstract for Glenn’s presentation:

Economic growth is foundational for living standards and as an objective for economic policy. The emergence of Artificial Intelligence as a General Purpose Technology, on the one hand, and a number of demographic and budget challenges, on the other hand, generate an unusually wide range of future economic outcomes. I focus on key ‘policy’ and ‘political economy’ considerations that increase the likelihood of a more favorable growth path given pre-existing trends and technological possibilities. By ‘policy,’ I consider mechanisms enabling growth through research, taxation, the scope of regulation, and competition. By ‘political economy’ factors, I consider mechanisms to increase economic participation in support of growth and policies that enhance it. I argue that both sets of mechanisms are necessary for a viable pro-growth economic policy framework.

These slides from the presentation highlight some of Glenn’s key points. (Note the cover of the new 9th edition of the textbook in slide 7!)