According the National Bureau of Economic Research, the US economy recovered from the recession at the beginning of the. This is part 1of a three-part series.

Why has the current recovery from the Great Recession been so mediocre? Ed Leamer of UCLA points out that the last three recessions have all had mediocre recoveries of both output and employment. His explanation is that changes in the manufacturing sector have changed the pattern of layoffs, recalls and hiring during recessions and recoveries. The conversation concludes with a discussion of the forces driving the changes in the labor market and the implications for manufacturing. 1) Why the...

By historical standards, the current recovery from the recession that began in 2007 has been disappointing. This is part 3 of a three-part series with John Taylor of Stanford University's Hoover Institution and Department of Economics. Taylor puts the recovery in historical perspective and explores possible explanations for why the recovery has been so mediocre. In Part 1 (http://www.youtube.com/watch?v=1eCYq2vD5GY) of this discussion of the recovery, Taylor quantified how unusual this...

By historical standards, the current recovery from the recession that began in 2007 has been disappointing. As John Taylor of Stanford University's Hoover Institution and the Department of Economics argues in Part 1 of this discussion on the economy, GDP has not returned to trend, the percent of the population that is working is flat rather than rising, and growth rates are below their usual levels after such a deep slump. In this episode, Taylor and Number's Game host Russ Roberts discuss...