WorldCat Identities

Summers, Lawrence H.

Works: 589 works in 1,763 publications in 2 languages and 13,677 library holdings
Genres: Periodicals  Conference papers and proceedings  Case studies 
Roles: Author, Editor, Other, Speaker, Author of introduction, Honoree, Contributor, Thesis advisor, Redactor, Commentator
Classifications: HJ10.3, 336
Publication Timeline
Most widely held works about Lawrence H Summers
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Most widely held works by Lawrence H Summers
Understanding unemployment by Lawrence H Summers( Book )

21 editions published between 1987 and 1992 in English and held by 744 WorldCat member libraries worldwide

This book contains a number of articles that have changed the way economists think about unemployment. THese examine the burden of unemployment, the extent to which normal measures understate its consequences, its relationship to supply and demand factors, and the role of unions. Substantial introductory and concluding chapters present new and original material on the crucial facts that any theory of unemployment must grapple with, and the types of theories needed to accommodate the empirical facts of today's unemployment
Investing in all the people : educating women in developing countries by Lawrence H Summers( )

31 editions published between 1991 and 2013 in English and held by 734 WorldCat member libraries worldwide

Tax policy and the economy by National Bureau of Economic Research( )

in English and held by 676 WorldCat member libraries worldwide

From Halifax to Lyons : what has been done about crisis management? by Peter B Kenen( Book )

14 editions published between 1994 and 1996 in English and held by 385 WorldCat member libraries worldwide

Evolution or revolution? : rethinking macroeconomic policy after the Great recession by Olivier Blanchard( Book )

16 editions published in 2019 in English and Undetermined and held by 231 WorldCat member libraries worldwide

The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment and intellectual revolution?Will it? If so, what form should it, or will it, take? These are the questions taken up in the book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways--to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation
World development report 1992 : Development and the environment by World Bank( Book )

1 edition published in 1992 in English and held by 193 WorldCat member libraries worldwide

Abstract: This is the fifteenth in the annual series assessing major development issues. The World Development Report 1992 explores the links between economic development and the environment. The 1990 report on poverty, last year's report on development strategies, and this report constitute a trilogy on the goals and means of development. The main message of this year's report is the need to integrate environmental considerations into development policymaking. The report argues that continued, and even accelerated, economic and human development is sustainable and can be consistent with improving environmental conditions, but that this will require major policy, program, and institutional shifts. A twofold strategy is required. First, the positive links between efficient income growth and the environment need to be aggressively exploited. Second, strong policies and institutions need to be put in place which cause decision makers to adopt less damaging forms of behavior. Where tradeoffs exist between income growth and environmental quality, the report argues for a careful assessment of the costs and benefits of alternative policies. This approach will result in much less environmental damage. Like its predecessors, this report includes the World Development Indicators, which offer selected social and economic statistics on 125 countries
Renewing the Atlantic Partnership : Report of an Independent Task Force Sponsored by the Council on Foreign Relations by Council on Foreign Relations( Book )

8 editions published in 2004 in English and held by 167 WorldCat member libraries worldwide

In the year that has passed since the war in Iraq, the United States and its European allies have done much to repair their relations. Nonetheless, the end of the Cold War, Europe's continuing integration, and the new array of threats confronting the West continue to test the strength of the Atlantic partnership. To revitalize the Atlantic alliance, Europe and America must forge new "rules of the road" governing the use of force, adapt the North Atlantic Treaty Organization (NATO) to meet today's threats coming from outside Europe, and launch a major initiative to bring about political and economic reform in the greater Middle East. These are the conclusions of an independent Task Force chaired by former secretary of state Henry A. Kissinger and former secretary of the treasury Lawrence H. Summers. This report argues that the current rift in transatlantic relations is not solely a product of the war in Iraq, but that the war "brought these strains to a point of crisis. ... What is surprising is the extent to which the terrorist attacks on the United States, and the reactions of Europeans to America's response to those attacks, have transformed these differences into active confrontation." The report sets out priorities for the transatlantic community, such as establishing new guidelines for the use of military force and developing a common policy toward irresponsible states that seek or possess weapons of mass destruction or that harbor or support terrorists. It also lays out guidelines for restoring and deepening transatlantic cooperation
Inflation and activity - two explorations and their monetary policy implications by Olivier Blanchard( )

10 editions published in 2015 in English and held by 146 WorldCat member libraries worldwide

We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then. We draw implications of our findings for monetary policy
Mean Reversion in Stock Prices by James M Poterba( )

22 editions published between 1987 and 1996 in 3 languages and held by 119 WorldCat member libraries worldwide

These data and/or computer programs are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the INVESTIGATOR(S) if further information is desired
What Moves Stock Prices by David M Cutler( )

17 editions published between 1988 and 1996 in 3 languages and held by 108 WorldCat member libraries worldwide

These data and/or computer programs are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the INVESTIGATOR(S) if further information is desired
Unemployment benefits, labor market transitions, and spurious flows : a multinomial logit model with errors in classification by James M Poterba( )

14 editions published between 1993 and 1995 in English and held by 103 WorldCat member libraries worldwide

This paper develops an algorithm for analyzing discrete events, such as labor market transitions, when some of these transitions are spurious because of measurement errors. Our algorithm extends the standard multinomial logit model, although our basic approach could be used with other stochastic models as well. We apply this algorithm to study the effect of unemployment insurance (UI) on transitions from unemployment to employment and out of the labor force. Our results suggest that VI lengthens unemployment spells by reducing both transition rates, and show that correcting for measurement error strengthens the apparent effect of VI on spell durations
Taxation and the structure of labor markets : the case of corporatism by Lawrence H Summers( )

13 editions published in 1992 in English and held by 98 WorldCat member libraries worldwide

We propose an explanation for the wide variation in rates of taxation across developed economies, based on differences in labor market institutions. In "corporatist" economies, which feature centralized labor markets, taxes on labor input will be less distortionary than when labor supply is determined individually. Since the level of labor supply is set by a small group of decision-makers, these individuals will recognize the linkage between the taxes that workers pay and the benefits that they receive. Labor tax burdens are indeed higher in more corporatist nations, and non-labor taxes are lower, which is consistent with this theory. There is also some evidence that the distortionary effects of labor taxes are lower in more corporatist economies
Labor force transitions and unemployment by Kim B Clark( )

7 editions published in 1978 in English and held by 97 WorldCat member libraries worldwide

This paper challenges conventional views of unemployment. Its results suggest that failure to examine closely labor force transitions has led to a misleading picture of unemployment and the way the labor market functions in general. There are four main conclusions. First, labor force transitions are the principal determinant of fluctuations in employment and unemployment. We find that the vast majority of those newly employed come not from unemployment but from outside the labor force. Likewise, most spells of employment end with labor force withdrawal rather than unemployment. Second, traditional estimates of the duration of unemployment and the ease of job finding are seriously flawed by failure to take account of the 45 percent of all unemployment spells which end in labor force withdrawal. Third, re-entrant unemployment is to a large extent the result of job-ending followed by a brief spell outside the labor force. Many re-entrants would almost certainly be better classified as job losers and leavers completing long spells of unemployment rather than as entrants starting a new spell of unemployment. Fourth, it appears that many of those counted as out of the labor force are functionally indistinguishable from the unemployed
Good policy or good luck? : country growth performance and temporary shocks by William Easterly( )

5 editions published in 1993 in English and held by 94 WorldCat member libraries worldwide

Much of the new growth literature stresses country characteristics, such as education levels or political stability, as the dominant determinant of growth. However, growth rates are highly unstable over time, with a correlation across decades of .1 to .3, while country characteristics are stable, with cross-decade correlations of .6 to .9. Shocks, especially those to terms of trade, play a large role in explaining variance in growth. These findings suggest either that shocks are important relative to country characteristics in determining long-run growth, or that worldwide technological change determines long-run growth while country characteristics determine relative income levels
Speculative dynamics by David M Cutler( )

12 editions published between 1989 and 1990 in English and Undetermined and held by 94 WorldCat member libraries worldwide

This paper presents evidence on the characteristic speculative dynamics of a wide range of asset returns. It highlights three stylized facts. First, returns tend to be positively serially correlated at high frequency. Second, returns tend to be negatively serially correlated over long horizons. Third, deviations of asset values from proxies for fundamental value have predictive power for returns. These patterns emerge repeatedly in our analyses of stocks, bonds, foreign exchange, real estate, collectibles, and precious metals, and they appear too strong to be attributed only to small sample biases. The pervasive nature of these patterns suggests that they may be lie to inherent features of the speculative process, rather than to variation in risk factors which affect particular markets
Labor hoarding, inflexible prices and procyclical productivity by Julio Rotemberg( )

12 editions published in 1988 in English and held by 94 WorldCat member libraries worldwide

Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured using labor's share in revenues to be procyclical. We show that, even with perfect competition, a small amount of price rigidity - we assume firms must set price slightly before the level of demand becomes known - makes the extent of procyclical productivity depend mainly on the extent of labor hoarding. We show that indeed, whether productivity is measured via the Solow method using labor's share in revenues or using other methods, it tends to be more procyclical in industries and in nations where labor hoarding is more important
The stock market, profit and investment by Olivier Blanchard( )

13 editions published in 1990 in English and held by 93 WorldCat member libraries worldwide

Should managers, when making investment decisions, follow the signals given by the stock market even if those do not coincide with their own assessments of fundamental value? This paper reviews the theoretical arguments and examines the empirical evidence, constructing and using a new US time series of data on the q ratio from 1900 to 1988. We decompose q - - the ratio of the market value of corporate capital to its replacement cost - - into the product of two terms, reflecting "fundamentals" and "valuation", the ratio of market value to fundamentals. We then examine the relation of investment to each of the two, using a number of alternative proxies for fundamentals. We interpret our results as pointing, strongly but not overwhelmingly, to a larger role of "fundamentals" than of "valuation" in investment decisions
Speculative dynamics and the role of feedback traders by David M Cutler( )

14 editions published between 1990 and 1991 in English and held by 92 WorldCat member libraries worldwide

This paper summarizes our earlier research documenting the characteristic speculative dynamics of many asset markets and suggests a framework for understanding them. Our model incorporates "feedback traders," traders whose demand is based on the history of past returns rather than the expectation of future fundamentals. We use this framework to describe ways in which the characteristic return patterns might be generated, and also to address the long-standing question of whether profitable speculation stabilizes asset markets
Can inter-industry wage differentials justify strategic trade policy? by Lawrence F Katz( )

13 editions published between 1988 and 1989 in English and Undetermined and held by 91 WorldCat member libraries worldwide

This paper examines the relationship between labor market imperfections and trade policies. The available evidence suggests that pervasive industry wage differentials of up to 20 percent remain even after controlling for differences in observed measures of workers' skill and the effects of unions. Theoretical analysis indicates that given non-competitive wage differentials of this magnitude policies directed at encouraging employment in high-wage sectors could significantly enhance allocative efficiency. For the United States and other developed countries, such policies are more likely to involve export promotion than import substitution. Increased international trade flows (at least through 1984) have been associated with increased employment in high-wage U.S. manufacturing industries relative to low-wage U.S. manufacturing industries
Equipment investment and economic growth by J. Bradford De Long( )

9 editions published in 1990 in English and held by 91 WorldCat member libraries worldwide

Using data from the United Nations Comparison Project and the Penn World Table, we find that machinery and equipment investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an increase in GDP growth of 1/3 a percentage point per year. This is a much stronger association than found between growth and any of the other components of investment. A variety of considerations suggest that this association is causal, that higher equipment investment drives faster growth, and that the social return to equipment investment in well functioning market economies is on the order of 30 percent per year
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Audience level: 0.51 (from 0.12 for Tax policy ... to 0.88 for Summers' p ...)

Understanding unemployment
World development report 1992 : Development and the environmentRenewing the Atlantic Partnership : Report of an Independent Task Force Sponsored by the Council on Foreign Relations
Alternative Names
Larry Summers

Lawrence H. Summers americký politik

Lawrence Summers americký ekonóm

Lawrence Summers Amerikaans econoom

Lawrence Summers amerikai közgazdász

Lawrence Summers amerikanesche Politiker

Lawrence Summers amerikansk ekonom

Lawrence Summers amerikansk økonom

Lawrence Summers amerykański ekonomista i polityk

Lawrence Summers economista estadounidense

Lawrence Summers économiste américain

Lawrence Summers politico, economista e accademico statunitense

Lawrence Summers shkencëtar

Lawrence Summers US-amerikanischer Ökonom und Politiker

Summers, L. 1954-

Summers, L. H. 1954-

Summers, Larry

Summers, Larry 1954-

Summers, Larry H. 1954-

Summers, Lawrence.

Summers, Lawrence 1954-

Summers, Lawrence H.

Summers, Lawrence H. 1954-

Summers, Lawrence Henry

Summers, Lawrence Henry 1954-

Λόρενς Σάμερς

Лоуренс Саммерс

Саммерс, Лоуренс

Լոուրենս Սամերս

לורנס סאמרס

لارنس سامرز اقتصاددان آمریکایی

لورانس سامرز سياسي أمريكي

로런스 서머스

서머스, 로렌스 1954-

서머스, 로렌스 H. 1954-

サマーズ, ローレンス

サマーズ, ローレンス (ラリー)



English (287)

German (1)