2% Growth: The New US Normal or an Opportunity for More?

Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics, Columbia Business School

2% Growth: The New US Normal or an Opportunity for More? by The Chicago Council



Since the Great Recession ended, annual US economic growth in real terms has averaged 2.2%, a meager rate according to Glenn Hubbard. Economists disagree on the cause of this pace: has secular stagnation—a condition of negligible or no economic growth—created a new normal? Or, did macroeconomic policies enacted before and during the crisis slow growth? Hubbard, former economic advisor to President George W. Bush, believes the latter. According to him, America can grow faster through a focus on long-term issues, including tax and regulatory reform and free trade policies. Join The Chicago Council and Glenn Hubbard for a discussion on economic growth in today’s extraordinary times.

 

Speaker Bio

Pre-Reads

"Federal Reserve," Charlie Rose, PBS, 9/16/2015

How the U.S. Can Return to 4% Growth,” Glenn Hubbard and Kevin Warsh, The Wall Street Journal, 6/21/2015

A Financial System Still Dangerously Vulnerable to a Panic,” Glenn Hubbard and Hal Scott, The Wall Street Journal, 3/1/2015

Avoiding Economic Policy’s Bermuda Triangle,” Glenn Hubbard, Financial Times, 2/25/2015

Schedule

5:30 p.m.            
Registration and cash bar reception

6:00 p.m.            
Presentation and discussion

7:15 p.m.            
Adjournment 

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