Archive for the ‘Fiscal Policy’ Category

Check it out, OTE’ers: The Reconnection Agenda is upon us!

April 24th, 2015

Read the intro to my new book, The Reconnection Agenda: Reuniting Growth and Prosperity, over at the WaPo PostEverything. Or better yet, download the whole damn book at let me know what you think. You can buy a hard copy–you know, with paper pages, here. [Here’s the cover, which I think is great, by Anthony… Read more

Ideas to boost wage growth from the Resolution Foundation

March 26th, 2015

I’ve often touted the UK think tank, the Resolution Foundation, for their timely, accessible, and smart policy work on all the key issues–macro, micro, budgets. But their work has been particularly important in raising the issue of wage stagnation in the UK–basically, the Brits caught our wage disease–median and low-wage stagnation, growing dispersion–later than us, but… Read more

Fiscal needs monetary and monetary needs fiscal…increasingly so

March 23rd, 2015

In weak economies, these two policy behemoths are complements, not substitutes. Over at PostEverything–it’s a summary from a chapter from my book, out in a few weeks! Special tabular bonus for OTE’ers: Source: Bernstein, The Reconnection Agenda: Reuniting Growth and Prosperity (forthcoming) Very important to be in box 1 in downturns. We started out there… Read more

The Fed lowered its long-term unemployment rate…and a salient point re the R’s budgets

March 19th, 2015

Details at PostEverything. Everyone’s wound up about precisely when liftoff will occur (when the Fed will first raise interest rates after about six years at about zero) but I think the big story is that the Fed lowered their “natural rate,” the unemployment rate consistent with stable inflation. It’s a confusing time for Fed macromanagement… Read more