
Дж. Брэдфорд ДеЛонг
United States and global — fiscal policy, macroeconomic history, monetary policy, secular stagnation debate
An influential macroeconomist at the University of California, Berkeley whose career spans both academia and government service. Served as Deputy Assistant Secretary of the Treasury under President Clinton from 1993 to 1995, where he worked on budget policy, trade policy, and international monetary affairs. His academic work focuses on economic growth, macroeconomic history, and the theory of business cycles. A prolific public intellectual, he has written thousands of blog posts and essays on economic policy, history of economics, and the state of macroeconomic theory. Along with Lawrence Summers, he championed the "secular stagnation" thesis — arguing that developed economies face a structural shortfall of demand that requires sustained fiscal stimulus. His historical research on the Great Depression, post-war growth, and the long-run evolution of productivity has shaped how economists understand economic transitions. He co-edits a regular column for Project Syndicate and has been an early adopter of Bluesky as a public forum for economic commentary after Twitter/X changes.
The rate that rules them all — Fed's overnight rate setting the price of money globally.
Longest US government bond — generational inflation expectations, pension demand and fiscal sustainability.
The world's risk-free rate — prices everything from mortgages to corporate bonds across the globe.
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