UM: Economy

The New York Times reports on a research paper by the economists Carmen and Vincent Reinhart, which forecasts slow growth and high unemployment in the U.S. economy for at least a decade. The article quotes Susan Collins, an economist and the dean of UM’s Ford School of Public Policy, who says the Reinharts’ research “has not yet tried to assess the extent to which different policy stances mitigated the length of the outcome. But the reality is that we need to have an understanding that the issues we are dealing with are severe, and that we should not expect them to be unwound in a few months.” [Source]