Robert Hall on Recession, Stagnation, and Monetary Policy

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4.7 • 4.4K Ratings

🗓️ 9 January 2017

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Economist Robert Hall of Stanford University talks with EconTalk host Russ Roberts about the current state of the U.S. economy and what we know and don't know about the recovery from the Great Recession. Much of the conversation focuses on the choices facing the Federal Reserve and the policy instruments the Fed has available. The conversation includes a discussion of Hall's experience as chair of the National Bureau of Economic Research Committee on Business Cycle Dating.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.5	I'm your host, Russ Roberts, of Stanford University's Hoover Institution.
0:13.1	Our website is econtalk.org, where you can subscribe, comment on this podcast, and find
0:18.1	links and other information related to today's conversation.
0:21.0	You'll also find our archives where you can listen to every episode we've ever done
0:25.2	going back to 2006.
0:27.5	Our email address is mailadycontalk.org.
0:30.0	We'd love to hear from you.
0:34.5	Today is December 8th, 2016, and before introducing today's guest, I want to encourage listeners
0:41.4	to go to econtalk.org.
0:43.4	You'll find a link there to vote for your favorite episodes of 2016 and give us some additional
0:47.6	feedback.
0:49.0	Thank you so much.
0:50.0	Now onto today's guest, who is Robert Hall.
0:53.2	The Robert and Carol McNeill Hoover Senior Fellow and Professor of Economics at Stanford
0:58.1	University, in addition to having published widely in many areas of macroeconomics and
1:03.0	beyond, Bob is the chair of the National Bureau of Economic Research's Committee on Business
1:07.6	Cycle Dating, which maintains the semi-efficial chronology of the US Business Cycle.
1:13.4	That is, Bob is the chair of the committee that decides when recessions start and when
1:17.3	they end.
1:18.3	Bob, welcome to econtalk.
1:20.1	Thank you.
	...

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