October 2, 2017

Macro Musings 77: JW Mason on Economic Recovery and Potential GDP

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

JW Mason is an assistant professor of economics at John Jay College and a fellow at the Roosevelt Institute. Today, he joins the show to discuss his recent paper, “What Recovery? The Case for Continued Expansionary Policy at the Fed?” JW argues that the recovery from the Great Recession was unusually weak. Furthermore, the American economy is still not at full employment, and, as a result, potential GDP is continually underestimated. In order to get the economy back to full employment, JW argues greater monetary expansion is needed.