Economic growth increases when more people work more productively. However, economic growth has slowed over the past decade, with increases in productivity and hours worked falling to fractions of their previous rates. Returning to rapid economic growth will require policies that encourage individuals to re-enter the labor market and businesses to invest in physical capital.

For more information, please visit the Policyed page here: https://www.policyed.org/intellections/formula-nomic-growth/video

Additional Resources:

John Taylor argues for policy reforms to promote economic growth in “Can We Restart The Recovery All Over Again?” »: http://stanford.io/2tOVoQB or http://bit.ly/2terZD3

In “Slow Economic Growth as a Phase of a Cycle of Policy Performance,” John Taylor discusses the reasons and policies behind our poor economic performance: http://stanford.io/2rSa0SI

Read “A Recovery Waiting to Be Unleashed” by John Taylor to learn more about policies that can accelerate our economic growth here: http://on.wsj.com/2sBwHYA

Watch John Taylor's testimony before the Financial Services Committee regarding monetary policy here: http://bit.ly/2tOSiME

In an interview with Bloomberg's Kathleen Hays, John Taylor discusses global financial instability and the role central banks play: https://bloom.bg/2ttYiLl

Read “Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis” by John B. Taylor to learn more about the 2007-2008 financial crisis here: http://hvr.co/2sUwfYf

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