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Professor Deborah Lucas did "a little back-of-the-envelope calculation," which is as follows:

Several attendees at this year's Federal Reserve Jackson Hole Economic Symposium said the problem with high indebtedness is not a threshold, but that it leaves governments in a precarious posi

Professor Deborah Lucas said economic bailouts have become "unnecessarily frequent

"The SVB support signalled that regulators were more afraid of the risk that they will be blamed for allowing a panic than they are of the consequences of putting huge amounts of federal resources

"The duration gap provides information that even the most astute market analysts would not be able to infer from currently mandated disclosures."

"The lack of reliable official statistics is a reason that economists haven't tried to quantify the effects of credit policies."

Senior lecturer Bob Pozen presented [Mario] Draghi with the Miriam Pozen Prize.

Deborah J. Lucas said that every economist at the Jackson Hole Symposium will try to share their opinion on what the Fed should do next.

"The Fed has shown inflation is declining and it can take the labor market into consideration. This is very good news for interest rate cuts."

"Inflation will unwind even if the Fed is not raising rates a lot. There is still ... savings being spent down. The Fed needs to be patient."