Barry Z. Cynamon is a visiting scholar at the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis. His research focuses on the intersection between household finance, including balance sheet health and the distribution of income, and economic growth. Recent efforts supported by the Institute have included contributions to the measurement of consumption across the US income distribution and alignment of the US national accounts to match household survey data. Cynamon received a bachelor’s degree in economics from Washington University and a master’s degree in business administration from University of Chicago.
- Member of Political Economy of Distribution
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The concern that an economy could experience persistent, and in some sense unusual, weakness goes back to Keynes’s General Theory and led Alvin Hansen to coin the term “secular stagnation.”
Preliminary draft prepared for INET conference session “A Decade of Stagnation. Why?”
A four percent growth goal for first term of the next president is not only possible, but is what we should strive to achieve.
We develop adjustments to align the NIPA measures of key household flows with cash flow concepts that better reflect household budgets and demand.
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The modern inequality snowball started rolling long before the Great Recession.
In late 2007, the United States started feeling the effects of the Great Recession. And over the ensuing two years the economic disaster spread across the globe.