Archive for the ‘Fiscal Policy’ Category

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

Is there a deficit of deficit hysteria?

August 3rd, 2016

I hope so, and it’s what I wrote about yesterday in the WaPo. Let me entertain OTEers with a few more thoughts on the topic, including feedback I got yesterday. One response was: “You’re endorsing fiscal recklessness! There’s nothing “progressive” going on here; it’s just politicians not giving a crap about our troubled fiscal accounts.”… Read more

That second quarter GDP report: should we be worried?

August 1st, 2016

I didn’t much like that GDP report from last Friday, showing that the economy expanded at an annual rate of 1.2% in the second quarter. OTEers know my methods: I prefer to smooth out the quarterly noise by looking at year-over-year trends. However, as the figure below shows, that doesn’t help so much. In fact,… Read more

House cleaning…and where’s Jared?

July 28th, 2016

Sorry, OTE’ers. I’ve been remiss. Not only have I failed to post much here of late, but I haven’t been providing links to posts I’ve placed elsewhere. EG, over at PostEverything: From today, a discussion about very recent wage trends. They’ve turned up due both to tighter job markets, a central prediction of so much… Read more