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Gianluca Benigno

Professor Gianluca Benigno is Associate Professor in the Department of Economics at LSE. He gained his PhD in International Macroeconomics from the University of California at Berkeley. He has published on exchange rate economics, international monetary policy cooperation, monetary and fiscal policy. Dr Benigno has consulted for the Bank of England, International Monetary Fund, the Federal Reserve Bank of New York and the Inter-American Development Bank. He has been senior economist at the Federal Reserve Bank of New York, economist at the Bank of England, Duisenberg fellow at the ECB, Peter Kenen fellow and visiting Professor at Princeton University. He is currently interested in understanding the rational of macroprudential policies and their interaction with monetary policy and the link between growth and business cycle. He is currently visiting scholar in the Research department at the International Monetary Fund.

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Stagnation Traps

Paper Conference paper | | Dec 2017

We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high unemployment and weak growth.

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Secular Stagnation: An Event with Larry Summers: Is Slow Growth the “New Normal”?

If So, What Are the Policy Solutions?

Event Conference | Hosted by Secular Stagnation Project | Dec 15, 2017

Distinguished Scholars Including Larry Summers and Adair Turner Present Evidence of the Trend and Policy Solutions