Archive for the ‘Economic Growth’ Category

Will the funds rate have time to get back to “normal” (wherever that is) before the next recession?

August 24th, 2016

I’ve got  a piece up at WaPo riffing off of this new paper by Fed economist David Reifschneider (DR). I wanted to add an interesting figure here that I couldn’t jam in the WaPo post. Some of the data in the figure comes from DR’s table 1 showing the number of basis points (hundredths of a percent, so… Read more

When fiscal policy lags, the one-two fiscal/monetary punch doesn’t land

August 15th, 2016

Two recent pieces looked at where we are in this recovery and why, seven years into an expansion, we’re still not at full employment. One is by my main man Josh Bivens from the Economic Policy Institute and the other is by David Mericle and Avisha Thakkar from Goldman Sachs (GS) research (sorry; no link to that one)…. Read more