Why Is Lawrence Summers Influential?
According to Wikipedia , Lawrence Henry Summers is an American economist who served as the 71st United States Secretary of the Treasury from 1999 to 2001 and as the 8th Director of the National Economic Council from 2009 to 2010. He is a former president of Harvard University , where he is currently a professor and director of the Mossavar-Rahmani Center for Business and Government at Harvard's Kennedy School of Government.
Lawrence Summers's Published Works
Number of citations in a given year to any of this author's works
Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author
1980 1990 2000 2010 2020 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 Published Papers Noise Trader Risk in Financial Markets Positive Feedback Investment Strategies and Destabilizing Rational Speculation Hysteresis and the European Unemployment Problem EFFICIENCY WAGES AND THE INTER-INDUSTRY WAGE STRUCTURE Equipment Investment and Economic Growth Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence The Noise Trader Approach to Finance Breach of Trust in Hostile Takeovers Mean Reversion in Stock Prices: Evidence and Implications What moves stock prices? Mean Reversion in Stock Prices: Evidence and Implications Does the Stock Market Rationally Reflect Fundamental Values The Role of Intergenerational Transfers in Aggregate Capital Accumulation Global health 2035: a world converging within a generation The Strategic Bequest Motive Good Policy or Good Luck? Country Growth Performance and Temporary Shocks Taxation and Corporate Investment: A q-Theory Approach The Persistence of Volatility and Stock Market Fluctuations Fiscal Policy in a Depressed Economy The Survival of Noise Traders in Financial Markets International Financial Crises: Causes, Prevention, and Cures U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound Hysteresis in Unemployment Some Simple Economics of Mandated Benefits (601) Industry Rents: Evidence and Implications An aging society: opportunity or challenge? Tax policy and the economy The Strategic Bequest Motive Capital Taxation and Accumulation in a Life Cycle Growth Model (512) A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment Consumption Growth Parallels Income Growth: Some New Evidence Good policy or good luck Intertemporal Substitution in Macroeconomics Speculative Dynamics and the Role of Feedback Traders When financial markets work too well: A cautious case for a securities transactions tax Regionalism and the world trading system (418) How Does Macroeconomic Policy Affect Output The Economic Effects of Dividend Taxation An Empirical Model of Labor Supply in a Life-Cycle Setting (375) A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment New Evidence that Taxes Affect the Valuation of Dividends Demand Side Secular Stagnation Reform in Eastern Europe The Scientific Illusion in Empirical Macroeconomics Tax Policy and International Competitiveness How Should Long Term Monetary Policy Be Determined A CEO Survey of U.S. Companies' Time Horizons and Hurdle Rates (297) Money Demand and the Effects of Fiscal Policies REPORTING ERRORS AND LABOR MARKET DYNAMICS Inflation and Activity: Two Explorations and Their Monetary Policy Implications How strongly do developing economies benefit from equipment investment Equipment Investment and Economic Growth: How Strong Is the Nexus? The Nonadjustment of Nominal Interest Rates: A Study of the Fisher Effect Relative Wages, Efficiency Wages, and Keynesian Unemployment Central bank independence, growth, investment, and real rates The Size and Incidence of the Losses from Noise Trading The COVID-19 Pandemic and the $16 Trillion Virus. Did Henry Ford Pay Efficiency Wages? Do Long-Term Interest Rates Overreact to Short-Term Interest Rates? The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth (215) Remarks at NBER Conference on Diversifying the Science & Engineering Workforce (215) The Costs of Conflict Resolution and Financial Distress: Evidence from the Texaco-Pennzoil Litigation The Permanent Effects of Fiscal Consolidations The Changing Cyclical Variability of Economic Activity in the United States Tax Policy, Asset Prices, and Growth: a General Equilibrium Analysis Dividend Taxes, Corporate Investment, and "Q" Asiaphoria Meets Regression to the Mean Inflation and the Taxation of Capital Income in the Corporate Sector Employee Crime and the Monitoring Puzzle Perspectives on High World Real Interest Rates Is Increased Price Flexibility Stabilizing? Beyond the Natural Rate Hypothesis (170) Pandemic risk: how large are the expected losses? Why is the Unemployment Rate So Very High near Full Employment Some Skeptical Observations on Real Business Cycle Theory Taxation and the Structure of Labor Markets: The Case of Corporatism Proceedings of the World Bank annual conference on development economics 1992 (160) Investing in all the people. The Taxation of Risky Assets Labor Force Participation: Timing and Persistence Investing in all people : educating women in developing countries Demographic Differences in Cyclical Employment Variation Reflections on Global Account Imbalances and Emerging Markets Reserve Accumulation (140) Unemployment Benefits and Labor Market Transitions: A Multinomial Logit Model with Errors in Classification Jobs for the Heartland: Place-Based Policies in 21st-Century America Multiple Shooting in Rational Expectations Models Investment Incentives and the Discounting of Depreciation Allowances Is the Rate of Profit Falling The Adequacy of Savings Gibson's Paradox and the Gold Standard Finite lifetimes and the effects of budget deficits on national saving Inflation, the Stock Market, and Owner-Occupied Housing Negative Nominal Interest Rates and the Bank Lending Channel Should Governments Learn to Live with Inflation (118) Why Is U.S. National Saving So Low Inflexible Prices and Procyclical Productivity Inflation and Activity – Two Explorations and Their Monetary Policy Implications Inflation, Tax Rules, and the Long Term Interest Rates The Economic Consequences of Noise Traders Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment The Contribution of Intergenerational Transfers to Total Wealth: a Reply Can Inter-Industry Wage Differentials Justify Strategic Trade Policy? How Does the Market Value Unfunded Pension Liabilities? Tax Reform and Corporate Investment: A Microeconometric Simulation Study Why Have Private Saving Rates in the United States and Canada Diverged A Contagious Malady? Open Economy Dimensions of Secular Stagnation The Role of Intergenerational Transfers in Aggregate Capital Accumulation The Inclusive Cost of Pandemic Influenza Risk The Size and Incidence of the Losses from Noise Trading U.S. Competitiveness: Beyond the Trade Deficit Secular Stagnation in the Open Economy Macroeconomic policy and long-run growth (78) Tax Policy, the Rate of Return, and Savings Poverty in America: is Welfare the Answer or the Problem? [Global health 2035: a world converging within a generation]. (75) Understanding Bank Risk through Market Measures The Structural-Adjustment Debate (73) Equipment Investment and Economic Growth: Reply GOVERNMENT DEBT MANAGEMENT AT THE ZERO LOWER BOUND (71) Demographic Differences in Cyclical Employment Variation A Tax-Based Test for Nominal Rigidities The new economy: background, historical perspective, questions, and speculations (68) The after Tax Rate of Return Affects Private Savings Chapter 16 Tax incidence Productivity and Pay: Is the Link Broken? Erratum: Global health 2035: a world converging within a generation (Lancet (2013) 382 (1898-1955)) (65) Unexpected Inflation , Real Wages , and Employment Determination in Union Contracts (63) 4How Globalization Affects Tax Design The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy Tax Incidence in a Life Cycle Model with Variable Labor Supply On Secular Stagnation in the Industrialized World Have we Entered an Age of Secular Stagnation? IMF Fourteenth Annual Research Conference in Honor of Stanley Fischer, Washington, DC Investing in All the People: Educating Women in Developing Countries. EDI Seminar Paper No. 45. (58) Alma-Ata at 40 years: reflections from the Lancet Commission on Investing in Health Notes on the Tax Treatment of Structures On Economics and Finance The U.S. current account deficit and the global economy Speculative Dynamics Distinguished Lecture on Economics in Government Reflections on Managing Global Integration Uniform-Price Auctions: Update of the Treasury Experience (49) Recent Lessons of Development Excess Capacity , Monopolistic Competition , and International Transmission of Monetary Disturbances (46) Do Long-Term Interest Rates Overreact to Short-Term Interest Rates? Why Have Private Saving Rates in the United States and Canada Diverged? Why Have Private Saving Rates in the United States and Canada Diverged? How much donor financing for health is channelled to global versus country-specific aid functions? The National Bureau of Economic Research Inflation and the Valuation of Corporate Equities Progress and confusion : the state of macroeconomic policy (39) Efficiency Wages and the Wage Structure Economists' declaration on universal health coverage Policymaking for Posterity Negative Nominal Interest Rates and the Bank Lending Channel Public policy implications of declining old-age mortality. (33) Bequests as a Means of Payment CONSUMPTION GROWTH PARALLELS INCOME GROWTH (31) The Optimal Maturity of Government Debt (30) Secular Stagnation and Monetary Policy Inflation, Tax Rules, and the Long Term Interest Rates Issues in National Savings Policy Should Keynesian Economics Dispense with the Phillips Curve Financing of international collective action for epidemic and pandemic preparedness How Does the Market Value Unfunded Pension Liabilities Estimating the Long-Run Relationship between Interest Rates and Inflation: a Response to Mccallum Building an International Financial Architecture for the 21st Century (27) WHY HAVE PRIVATE SAVINGS RATES IN THE UNITED Who’s Afraid of Budget Deficits? (27) Tax Policy in a Life Cycle Model Do We Really Know that Financial Markets are Efficient? Labor Hoarding, Inflexible Prices, and Procyclical Productivity Observations on the Indexation of Old Age Pensions Tax Policy and International Competitiveness Should Tax Reform Level the Playing Field? Is Increased Price Flexibility Stabilizing? Reply (23) Low Equilibrium Real Rates, Financial Crisis, and Secular Stagnation (23) Should Nations Learn to Live with Inflation? Optimal Inflation Policy Inflation, Taxation, and Corporate Investment: A Q-Theory Approach Economic Possibilities for Our Children (22) The Investment Tax Credit: An Evaluation Tax Reform and Corporate Investment: A Microeconometric Simulation Study Secular Stagnation and Macroeconomic Policy Inflation and the Taxation of Capital Income in the Corporate Sector Taxation and the Size and Composition of the Capital Stock: an Asset Price Approach The Age of Secular Stagnation (18) Notes on the Tax Treatment of Structures Asia-phoria meet regression to the mean (17) Taxes for health: evidence clears the air Renewing the Atlantic partnership : report of an Independent Task Force sponsored by the Council on Foreign Relations (16) Unemployment Insurance and Labor Force Transitions The Asset Price Approach to the Analysis of Capital Income Taxation Investing in All the People (The Quaid-i-Azam Lecture) On the Existence and Interpretation of the "Unit Root" in U.S. Gnp Japan&Apos;S High Saving Rate Reaffirmed Labor Force Transitions and Unemployment Dark deals and dampened destinies: corruption and economic performance (13) Why Do Firms Monitor Workers Employee Crime, Monitoring, and the Efficiency Wage Hypothesis Reform in Eastern Europe. Corporatism, the laissez-faire, and the rise in unemployment: By A. Newell and J.S.V. Symons Adjusting the Gross Changes Data: Implications for Labor Market Dynamics The Effects of Dividends on Common Stock Prices: Tax Effects or Information Effects? Discussion Tax Policy and Corporate Investment Debt Management Conflicts between the U.S. Treasury and the Federal Reserve (11) Unemployment Benefits, Labor Market Transitions, and Spurious Flows: A Multinational Logit Model with Errors in Classification Survey Response Variation in the Current Population Survey Achieving Progressive Tax Reform in an Increasingly Global Economy (10) WHAT CAN ECONOMICS CONTRIBUTE TO SOCIAL POLICY ? ' Some Simple Economics of Mandated Benefits (10) COMPETITION POLICY IN THE NEW ECONOMY (10) Reorienting health aid to meet post-2015 global health challenges: a case study of Sweden as a donor Renewing The Atlantic Partnership Macroeconomic Consequences of Financial Crises (9) Automatic Stabilizers in a Low-Rate Environment Taxation and Corporate Debt Fiscal Policy and Full Employment The US-Japanese stake in a free and open Asian capital market Finite Lifetimes and the Crowding Out Effects of Budget Deficits Tax Policy and the Economy, Volume 3 (8) Postwar Developments in Business Cycle Theory: A Moderately Classical Perspective: Comment Cyclical dynamics in the new economy Shrinking the Tax Gap: Approaches and Revenue Potential Principles for Economic Recovery and Renewal Who Benefits from Capital Gains Tax Reductions? Tax Policy and the Economy, Volume 1 (6) Declining Worker Power and American Economic Performance (6) Inflation and Activity – Two Explorations and Their Monetary Policy Implications Recent Evidence on Budget Deficits and National Savings On the Existence and Interpretation of the (6) Aging, Output Per Capita, and Secular Stagnation 'Economic policy in the face of declining productivity growth' by Nordhaus Money Demand and the Effects of Fiscal Policies: Reply Crises in Economic Thought, Secular Stagnation, and Future Economic Research Keynote Address: Knowledge for Effective Action Inflation and the Taxation of Capital in the Corporate Sector: Reply (6) Measuring Unemployment Understanding the Revenue Potential of Tax Compliance Investment American farmers: their stake in Asia, their stake in the IMF (5) The 1983 Increase in the Federal (4) Rethinking How We Score Capital Gains Tax Reform Discussant comments on “Fiscal Policy in a Depressed Economy” by J. Bradford DeLong and Lawrence H. Summers (4) World Bank policy and research bulletin 10(2) (4) How much donor fi nancing for health is channelled to global versus country-specifi c aid functions ? (3) `On the economics of private money' by Robert G. King General discussion: global demographic change: dimensions and economic significance (3) Should Governments Learn to Live with Inflation? Reply (3) Perspective: On the Share Economy: Prospects and Problems … How to convene an international health or development commission: ten key steps Dividing Capital Accumulation Into Its Life Cycle and Intergenerational Transfer Components (3) A Theory of Demand Side Secular Stagnation (3) The challenge of forward progress in South Africa and across the region WHY IS UNEMPLOYMENT SO HIGH IN EUROPE?t Beyond the Natural Rate Hypothesis (2) The Loss from Pandemic Influenza Risk Comments on Richard Zeckhauser's Investing in the Unknown and Unknowable INFLATION AND THE TAXATION OF CAPITAL INCOME IN THE CORPORATE SECTOR: REPLY Long Run Tax Incidence and Variable Labor Supply Revisited (2) On Market-Based Approaches to the Valuation of Capital (2) Keynote Speech: Population Problem Confronted by the World Economy: A Summary (2) Price-Level "Flexibility" and the Coming of the New Deal: Reply to Sumner (2) Why are central banks pursuing long-run price stability? (commentary) (2) The fusion of civilizations (2) Corporate bankruptcy: The costs of conflict resolution and financial distress: Evidence from the Texaco-Pennzoil litigation Corporate Takeovers: Causes and Consequences Tax Policy and the Economy: Volume 2 (2) Tax Incidence TrumpEconomics: A first year evaluation Investing in health – Authors' reply China: Imposing economic threat or unprecedented growth opportunity? [Labor Demand, Labor Supply, and Employment Volatility]: Comment General discussion : the impact of population aging on financial markets (1) The Clinton Administration’s International Economic Policy 18-5 Productivity and Pay : Is the Link Broken ? (1) Ripensare le politiche macroeconomiche: evoluzione o rivoluzione? (Evolution or Revolution? Rethinking Macroeconomic Policy after the Great Recession) Comparing Real GDP Across Countries: Comment Box 18.2, Estimating Pandemic Severity and Risk (0) The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy Comment on "The Financial Soundness of US Banks" (0) IJ\B0R HOARDING. INFLEXIBLE PRICES AND PROCYCLICAL PRODUCTIVITY (0) The Usefulness of the Wind-Up Measure of Pension Liabilities: a Labourmarket Perspective Transition 3 (6) (0) NBER WORKING PAPER SERIES ON SECULAR STAGNATION IN THE INDUSTRIALIZED WORLD (0) The New Wealth of Nations: Lessons from the 1990s Tax Policy and the Economy (Volume 4) (0) in Economic Fluctuations. Any opinions expressed are those of the authors (0) Would a Wealth Tax Help Combat Inequality? The World Bank research observer 8 (2) (0) The Demographic Composition of Cyclical Variations in Employment. (0) [Recent Trends in U.S. Earnings and Family Incomes]: Comment WP / 19 / 40 Are Labor Market Indicators Telling the Truth ? Role of Measurement Error in the U . S . Current Population Survey (0) Comment on "Government Guarantees and the Valuation of American Banks" (0) Transition 5 (6) (0) Understanding the Revenue Potential of Tax Compliance Investment Introduction and conceptual framework : divergence and delinkage (0) Table 18.1, Worldwide Mortality from Selected Influenza Pandemics, 1700–2000a (0) Parallels Income Growth: Some New Evidence (0) Introductory Remarks NBER WOEXINC PAPER SERIES ON THE EXISTENCE AND INTERPRETATION OF A "UNIT ROOT" IN U.S. GNP (0) The $13 Trillion Question: How America Managers Its Debt (0) On Secular Stagnation in the Industrialized World-Online Appendixes (0) From Full Employment to the Natural Rate of Unemployment: A Survey (0) Comment Dewey Oct 25 198^ Working Paper Alfred P. Sloan School of Management Intertemporal Substitution in Macroeconomics Intertemporal Substitution in Macroeconomics Received Prellraiaary Intertemporal Substitution in Macroeconomics Intertemporal Substitution in Macroeconomics (0) 7 Debt Problems and Macroeconomic Policies (0) A vision for development : dialogues on the work of Vinod Thomas (0) Rethinking How We Score Capital Gains Tax Reform Social Security Technical Panel Report to the 1991 Advisory Council on Social Security: appendices. (0) INFLATION AND THE TAXATION OF CAPITAL INCOME IN THE CORPORATE SECTOR Summers What It Is and What to Do About It The Age of Secular Stagnation (0) Harvard Business Review on Leadership in a Changed World (0) Tax Polky and Corporate Investment (0) Economic Priorities for the Next President Underachieving in America: Researchers Document International Gaps, a Journalist Seeks the Cause (0) More Papers This paper list is powered by the following services:
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