77 - JW Mason on Economic Recovery and Potential GDP

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. David’s blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David’s Twitter: @DavidBeckworth JW Mason’s website: http://jwmason.org/ JW’s Twitter: @JWMason1 “What Recovery? The Case for Continued Expansionary Policy at the Fed?” http://rooseveltinstitute.org/what-recovery/